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Caster Wheels Market Surges With The Expansion Of Healthcare Facilities: A Significant Driver Propelling The Caster Wheels Market In 2025
Caster Wheels
What Is the Caster Wheels Market Size and Projected Growth Rate?
In the past few years, the caster wheels market has shown robust growth. The market is set to expand from $9 billion in 2024 to $9.46 billion in 2025, displaying a compound annual growth rate (CAGR) of 5.1%. The factors contributing to the growth in the historic period include the expansion of industrialization and manufacturing, enhancements in logistics and transportation, increased emphasis on ergonomics and workplace efficiency, personalized and specialized solutions, as well as globalization and shifts in supply chain dynamics.
The market size of caster wheels is set to witness robust expansion in the coming years, reaching an impressive $12.42 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 7.0%. This projected growth within the forecast period is largely due to several factors such as the need for comprehensive services, an increase in demand for smart and IoT-enabled solutions, adherence to regulatory guidelines and safety protocols, concerns related to sustainability and the environment, as well as global production and trade dynamics. Key trends during the forecast period encompass industrial automation, emphasis on ergonomics and mobility, specialized applications, advances in materials and technology, and a focus on sustainability and green initiatives.
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What Are the Major Segments in the Caster Wheels Market?
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
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What Are The Driving Caster Wheels Market Evolution?
The anticipated growth of hospitals is predicted to drive the caster wheel market in the future. Hospitals, institutions that deliver medical treatment and assist patients in curing diseases, widely utilize caster wheels. These wheels are typically used in hospital beds, equipment carts, surgical tables, and IV poles. For example, in December 2022, the Texas Health & Human Services Commission, a state-run agency, announced that the Texas Legislature and Governor Greg Abbott had sanctioned $282.5 million for the design and construction of a new hospital in Dallas-Fort Worth. The planned hospital is expected to have a capacity of 296 beds, with 200 reserved for adults and the rest, up to 96, for children. According to a 2022 report by US-based media company CNN, over 80% of hospital beds are in use in the US, marking an 8% increase from the previous two weeks. This hospital growth trend indicates a parallel uptick in the caster wheel market.
Which Firms Dominate The Caster Wheels Market Segments?
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
What Trends Are Expected to Dominate the Caster Wheels Market in the Next 5 Years?
A key trend that is becoming prevalent in the caster wheel market is the invention and application of new formulations and materials. The major contributors to the caster wheel market are taking advantage of anti-microbial wheels to maintain their market stance. For instance, Caster Concepts Inc., a manufacturing company based in the US, unveiled the Line of Heavy-Duty Casters for Demanding Applications in August 2024. These specially engineered casters serve a range of heavy to super heavy-duty requirements, with their capabilities stretching beyond 100 tons. This ensures the safe and efficient transportation of substantial loads. These products, made entirely in the U.S., meet strict industry norms and are speedily manufactured for a range of industries including agriculture, aerospace, and automotive.
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Which Is The Largest Region 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Caster Wheels Market?
2. What is the CAGR expected in the Caster Wheels Market?
3. What Are the Key Innovations Transforming the Caster Wheels Industry?
4. Which Region Is Leading the Caster Wheels Market?
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