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Caster Wheels Market Strategic Assessment And Swot Analysis 2023-2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Caster Wheels Market Size, Growth Rate, And Forecast
The global caster wheel market size is expected to grow from $8.22 billion in 2022 to $8.68 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global caster wheel market size is expected to reach $10.77 billion in 2027 at a CAGR of 5.5%.
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Caster Wheels Market Drivers
The expansion of the hospitals is expected to propel the caster wheel market going forward. Hospitals refer to an institution that provides medical treatment and helps patients to cure their diseases. In hospitals, caster wheels are commonly employed in applications such as hospital beds, equipment carts, surgery tables, and IV poles.
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Caster Wheels Market Segments
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: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Caster Wheels market.
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Caster Wheels Market Key Players
Major competitors in the Caster Wheels market include Bestway Casters & Wheels Ltd., Brauer Ltd., CASCOO Europe GmbH, DH Casters Inc., Hamilton Caster & Mfg. Co., Muvtons Castors Pvt Ltd., STEINCO Paul vom Stein GmbH
The Table Of Content For The Caster Wheels Market Include:
1. Executive Summary
2. Caster Wheels Market Characteristics
3. Caster Wheels Market Trends And Strategies
4. Caster Wheels Market - Macro Economic Scenario
5. Caster Wheels Market Size And Growth
……
27. Caster Wheels Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Caster Wheels Market
29. Caster Wheels Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Caster Wheels Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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