Press release
Caster Wheels Market Poised for 7 % Growth, Set to Hit $12.42 Billion by 2029
Caster Wheels Market
The growth of the healthcare sector, particularly hospitals, is anticipated to drive the caster wheel market in the near future. These wheels are commonly used in hospitals on various items such as hospital beds, surgical tables, equipment trolleys, and IV stands. Hospitals are medical institutions that offer treatment services to patients battling various illnesses. For example, as per the Texas Health & Human Services Commission, in December 2022, the Texas Legislature along with Governor Greg Abbott sanctioned a budget of $282.5 million towards the expansion and design of a new hospital in Dallas-Fort Worth. The hospital is projected to accommodate 296 beds, including 200 for adult patients and potentially 96 for children. Also, in 2022, CNN, a prominent American media corporation, reported that there was an 8% rise in hospital bed occupancy over the past fortnight, with around 80% of the beds in use across the United States. As such, the growing expansion of hospitals is fuelling the demand in the caster wheel market.
Get Your Caster Wheels Market Report Here:
https://www.thebusinessresearchcompany.com/report/caster-wheels-global-market-report
What growth opportunities are expected to drive the caster wheels market's CAGR through 2034?
In recent times, the caster wheels market has experienced solid growth. This market, currently valued at $9 billion in 2024, is projected to increase to $9.46 billion in 2025, representing a compound annual growth rate (CAGR) of 5.1%. A number of factors have contributed to this growth during the historical period including the growth in industrialization and manufacturing, advancements in logistics and transportation, an emphasis on ergonomics and workplace efficiency, a trend towards customization and specialized solutions, and changes in globalization and supply chain dynamics.
The market size of caster wheels is projected to experience substantial growth in the forthcoming years. This market is anticipated to surge to a whopping $12.42 billion in 2029 with a compound annual growth rate (CAGR) of 7.0%. The growth in this predicted period can be linked to the needs for comprehensive services, increased demand for smart and IoT-enabled solutions, adherence to regulations and safety standards, considerations for sustainability and the environment, shifts in global manufacturing, and trade dynamics. Key trends within this timeframe include industrial automation, emphasis on ergonomics and mobility, specialized applications, progress in materials and technology, and a leaning towards sustainability and green initiatives.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8948&type=smp
What are the emerging trends shaping the future of the caster wheels market?
The advent of novel formulations and substances is quickly becoming a prominent trend in the caster wheel industry. To maintain their market positions, leading companies in the caster wheel market are resorting to the use of anti-microbial wheels. For example, in August 2024, Caster Concepts Inc., a manufacturer based in the U.S., introduced their Line of Heavy-Duty Casters for Demanding Applications. These specially designed casters are suited for heavy, extra-heavy, and super-heavy-duty applications, with the capability to move loads beyond 100 tons safely and efficiently. Produced entirely in the U.S. and in adherence with strict industry standards, these casters see quick production for a range of sectors, such as farming, space, and motor vehicles.
Which growth-oriented segments of the caster wheels market are leading the industry's development?
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
Subsegments:
1) By Swivel Caster: Standard Swivel Casters, Locking Swivel Casters, Heavy-Duty Swivel Casters
2) By Rigid Or Fixed Caster: Standard Fixed Casters, Heavy-Duty Fixed Casters, Plate Mounted Fixed Casters
3) By Ball Bearing Caster: Single Ball Bearing Casters, Double Ball Bearing Casters
4) By Kingpin Caster: Kingpin Swivel Casters, Kingpinless Casters
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8948
What regions are leading the charge in the caster wheels market?
North America was the largest region in the caster wheel market share in 2024. The regions covered in the caster wheels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the caster wheels market?
Major companies operating in the caster wheels market include 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., 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
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8948&type=smp
What Is Covered In The Caster Wheels Global Market Report?
• Market Size Forecast: Examine the caster wheels market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the caster wheels market for a structured understanding.
• Key Players Overview: Analyze major players in the caster wheels market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the caster wheels market.
• Segment Contributions: Evaluate how different segments drive overall growth in the caster wheels market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the caster wheels market.
• Industry Challenges: Identify potential risks and obstacles affecting the caster wheels market.
• Competitive Landscape: Review strategic developments in the caster wheels market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Caster Wheels Market Poised for 7 % Growth, Set to Hit $12.42 Billion by 2029 here
News-ID: 3890925 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Cast
Cast Iron vs Cast Steel: Which Manifold Enhances Performance?
Image: https://statics.mylandingpages.co/static/aaanxdmf26c522mp/image/b70503509e2c4604aa87f3862c47fe21.webp
Manifolds play a crucial role in engine performance. These components channel exhaust gases away from the engine, impacting efficiency and power output. A cast iron exhaust manifold [https://www.werkwell.com/exhaust-manifold/] offers durability and heat retention, making it a popular choice. However, advancements in material technology have introduced alternatives like cast steel [https://www.iron-foundry.com/cast-iron-exhaust-manifold-vs-cast-steel-manifolds.html], which provide enhanced strength and corrosion resistance.
Importance in Engine Performance
Impact on Efficiency
Manifolds significantly influence engine efficiency. Properly designed manifolds…
Cast Elastomer Market is Driven by Growing Demand for Cast Elastomers in the Aut …
A cast elastomer is a type of elastomeric material that is cast or molded into the desired shape. It is a versatile material that can be used for a variety of applications, including seals, gaskets, and vibration-damping materials. The cast elastomer has good mechanical properties and can withstand a wide range of temperatures and chemicals. It is also resistant to abrasion and tearing.
Get a Sample Report- https://www.globalinsightservices.com/request-sample/GIS20867
Key Trends
There are a…
Cast Resin Current Transformers Market Report 2018: Segmentation by Type (Indoor …
Global Cast Resin Current Transformers market research report provides company profile for CHINT, Stemar Electrical Products, Gemini Instratech Ltd., Elba d.o.o., Kaldera Company, ABB, Siemens, Schneider Electric, Toshiba, Fuji Electric and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the…
David Banks Joins Halloween Party Cast
LOS ANGELES, CA (October 18, 2011) David Banks will join Elle Newlands, Chris Pentzell, Andrea Leithe, Danny Pardo, and Julia Silverman in the new film Halloween Party.
At her best friend's urging, Erin, a single girl, attends her friends Halloween party-hoping as always, to find her perfect mate. But when she arrives, she discovers nearly everyone else there is part of a couple, OR she's already dated them. But the worst…
CONNOR FOX CAST IN SHOUTING SECRETS
Los Angeles, CA (April 28, 2010)- Award-winning actor Connor Fox, has officially signed on to play the role of Brody in the Korinna Sehringer film “Shouting Secrets” which started shooting in Arizona on April 26th. Fox will join Twilight Saga actors Gil Birmingham and Chaske Spencer as well actress, Q'orianka Kilcher (“The New World”), in this film about a successful young writer in Los Angeles who is called back…
Hexis launches carbon cast film
Hexis has launched a new cast vinyl with a carbon fibre look destined for wrapping applications. The company is promoting the new line with a dedicated mini-site: ilovehx.com.
Part of the HX30000 Series, the “Carbon Cast” is a multi-layered 135µm cast vinyl film with a carbon fibre embossed pattern. It carries the proven solvent-based adhesive and a structured PE liner with Hex’Press technology that allows convenient air egress during application. With…
