Press release
Caster Wheels Market : Value Chain, Stakeholder Analysis and Trends by 2027
Caster Wheels Market
Moving bulky items using wheels has been a practice that has been around since the early existence of the ancient civilization. Caster wheels were first patented by David A. Fisher, whose discovery was initially considered for furniture. Later, caster wheels began to be used for industrial purposes as they were extremely heavy. However, eventually, casters wheels' design changed to include many features, such as brakes, direction locks, shock absorbers, etc. Now a days, caster wheels are found everywhere - from office desk chairs and hospital beds to automotive factories, etc.
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In 1981, the National Institute of Occupational Safety and Health (NIOSH) published its lifting guide. Since that time, the industry has responded by working to reduce the amount of manual lifting, lowering and carrying found in workplaces, often replacing those tasks with pulling and pushing. Also, at workplaces, overexertion was ranked as the highest cause of disabling injuries.
According to a study, in 2019, injuries related to material handling cost business stood at $14.2 billion in direct expenses. Moreover, it was estimated that 10% of major back injuries in the industry are associated with pulling or pushing tasks. Therefore, due to the aforementioned reasons, the demand for caster wheels has increased over the years.
Key Companies-
Examples of some of the market participants/vendors operating in the Caster wheels market across the globe are:
DH Casters International
Hamilton Caster & Mfg. Co.
Tente
Muvtons Castors Pvt Ltd.
Veekay Impex
Colson Casters
Cascoo Europe GmbH
Rhombus Rollen Holding GmbH
Steinco Paul vom GmbH
Bestway Casters & Wheels Ltd.
Brauer
Caster wheels Market: Dynamics
Globally, with the growth in the number of malls, hospitals and clinics, the demand for caster wheels is also anticipated to grow at significant CAGR. Caster wheels facilitate rapid mobility of patients in clinics and hospitals. However, factors, such as noisy wheels and rolling resistance, might hamper the growth of caster wheels market. Also, the engineered plastic material used in caster wheels can be very expensive and this might further hinder the growth of the caster wheels market.
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Caster wheels Market: Segmentation
basis of type
Rigid
Swivel
Industrial
Braking and Locking
basis of weight
Light Duty
Medium Duty
Heavy Duty
basis of type of material
Forged Steel
Cast Iron
Ductile Iron
Polyurethane
Mold on Rubber
Phenolic Resin
Others
basis of type of end-use industry
Automotive
Aerospace
Food Industry
Medical
Textile Industry
Agricultural Machines
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Key Questions Answered in the Caster Wheels Market Report
How is the Caster Wheels market expected to grow over the projected period?
What direction is the Caster Wheels market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Caster Wheels market in future?
What are the key market drivers in the Caster Wheels market?
What are significant opportunities and improvement areas for Caster Wheels manufacturers?
What are the key developments and trends taking over the Caster Wheels market?
Which are the emerging countries that are expected to create significant growth opportunities in the Caster Wheels market?
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