Global Caster Wheels Market Segments 2024, Forecast To 2033
5 Mar, 2024
The caster wheels market has exhibited strong growth, increasing from $8.63 billion in 2023 to $9.13 billion in 2024, with a 5.7% CAGR. Historic growth is attributed to industrialization, logistics development, and globalization. Anticipated to reach $11.66 billion in 2028 with a 6.3% CAGR, the forecast period emphasizes demand for comprehensive services, IoT-enabled solutions, regulatory compliance, and sustainability.
Global Caster Wheels Market Key Driver
The expansion of hospitals is set to drive the caster wheel market, with widespread use in hospital beds, equipment carts, surgery tables, and IV poles. The approval of significant funds for a new hospital in Dallas-Fort Worth, featuring 296 beds, reflects the growing demand. As more than 80% of hospital beds in the US are currently in use, the expansion of hospitals plays a crucial role in the growth of the caster wheel market.
Get A Free Sample Of The Global Caster Wheels Market ReportGlobal Caster Wheels Market Segments
The caster wheels market covered in this report is segmented –
1) By Caster Type: Swivel Caster, Rigid Or Fixed Caster, Ball Bearing Caster, Kingpin Caster
2) By Type Of Material: Forged Steel, Cast Iron, Ductile Iron, Polyurethane, Mold On Rubber, Phenolic Resin, Other Materials
3) By Application: Shopping Carts, Office Chairs, Toy Wagons, Hospital Beds, Material Handling Equipment
4) By End-User: Automotive, Aerospace, Food Industry, Medical, Textile Industry, Other End-Users
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North Americawas the largest region in the caster wheel market share in 2023. The regions covered in the caster wheels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Caster Wheels Industry Players
TENTE International GmbH; Brauer Ltd.; CASCOO Europe GmbH; DH Casters Inc.; Hamilton Caster & Manufacturing Co.; Muvtons Castors Pvt Ltd.; STEINCO Paul vom Stein GmbH; Bharat Industrial Corporation; Comfort Casters Global.; Hengshui Yu Tong Metalwork Co. Ltd.; Korenberg Abrasive Wheels; Industrial Caster and Wheel Co.; R&K Industrial Wheels; Colson Associates Inc.; Blickle Räder+Rollen GmbH u. Co. KG; Shepherd Caster Corporation; Albion Industries Inc.; Faultless Caster Division; Payson Casters Inc.; Jarvis Caster Company; Revvo Caster Company Limited; Caster Concepts Inc.; Medcaster Inc.; Darcor Limited; Darnell-Rose Casters; Access Casters Inc.; Douglas Equipment Company Inc.; Stellana US Inc.; Fallshaw Group Pty Ltd; Magnus Mobility Systems Inc.; Durastar Casters
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AIOps Caster Wheels Market Overview
A caster wheel is a non-powered wheel that is mounted on the bottom of a larger object to allow it to be moved. In addition to its strong, corrosion-resistant, water-resistant, and weather-resistant properties, it is an excellent mobility enabler. The advantage of casters is that they can handle a lot of weight without breaking.
Caster Wheels Global Market Report 2023 provides data on the global caster wheels market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The caster wheels market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.