Fiberglass Ladder Market

Fiberglass Ladder Market - Rising Residential And Commercial Construction Activity
Fiberglass ladders are non-conductive ladders which are used for roofing and other
outdoor activity. A fiberglass ladder does not bend easily under normal pressure as
they are not lightweight unlike an aluminum ladder. These ladders are heat resistant
and does not lose its strength when it gets hot due to temperature and humidity. The
fiberglass ladder is generally used as a step ladder instead of an extension ladder.
Fiberglass ladders are usually referred to as glass-reinforced plastic (GRP) ladders.
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Rising residential and commercial construction activity is expected to fuel the demand
for fiberglass ladders over the forecast period. Increasing consumer spending coupled
with economic growth is resulting in increasing residential and commercial
construction activities. Construction activities are increasing in the Middle East,
Africa, and APAC region due to increasing number of initiatives by governments to
promote tourism. Growing need of office spaces across the globe is also surging the
demand for fiberglass ladders. Fiberglass ladders are durable due to their weatherand rust resistant character. Fiberglass ladders are used for painting and decoration as
they are lightweight and can easily be moved from one place to another.
Manufacturing companies are expanding their operation and production capacities,
resulting in increasing demand for storage and logistics of raw materials and finished
goods. Growing number of warehouses is increasing the demand for fiberglass ladders
in the industry, as reorganization of warehouses requires professional management
services and tools for efficient and effective operations. These ladders help
manufacturer to complete the process in an efficient and effective manner. Fiberglass
ladders are used as an extension and step ladder tool in the manufacturing industry
to make their operation effective.
Limited reach of fiberglass ladders is a major factor expected to hinder the growth of
the market during the forecast period. Moreover, long life span and the rental market
of fiberglass ladders is projected to restrict the growth of the fiberglass ladder market
during the forecast period.
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The fiberglass ladder market can be segmented on the basis of product type and
application. Based on product type, the fiberglass ladder market is bifurcated into
fiberglass stepladders, fiberglass straight ladders, fiberglass extension ladders, and
fiberglass platform ladders. In terms of application, the fiberglass ladder market is
categorized into agricultural plant maintenance, electrical work, industrial, and
construction.
In terms of geography the fiberglass ladder market is segmented into North America,
Europe, Middle East & Africa, and South America. The fiberglass ladder market is
witnessing considerable growth in APAC due to the rising adoption of ladders by
commercial and industrial users such as warehouses and manufacturing units. The
fiberglass ladder market in North America and Europe is estimated to show
significant growth due to the growing transportation and logistics industry. Middle
East and Africa likely to show significant amount of growth owing to rising
construction activities in a region.