Market Overview:
The Casters are attached at the bottom of the object which helps it to be moved. They are made of different materials and comes in various sizes. The shielding components at the side protects the wheels from the threads which prevents free rotation of wheels. The easy movement provided by casters improves the efficiency. Moreover, it has various applications such as shopping carts, office chairs, hospital beds and material handling. Hence there is high demand of casters which is fuelling the market growth.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Tente International (Germany), Blickle (United Kingdom), Colson Group (United States), TELLURE (France), Wicke (United Kingdom), Stellana (Sweden), EMILSIDER (Italy), RAEDER-VOGEL (Germany), Manner (Austria) and Steinco (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Manufacturers of Casters Market Study:
Tente International (Germany), Blickle (United Kingdom), Colson Group (United States), TELLURE (France), Wicke (United Kingdom), Stellana (Sweden), EMILSIDER (Italy), RAEDER-VOGEL (Germany), Manner (Austria) and Steinco (United States)
Casters Market Segment Analysis
Scope | Sub-Segments |
---|
Application / End User | Industrial and Automotive, Medical and Furniture and Others |
Type | Rotary Caster and Fixed Caster |
Wheel materials | Cast iron,Plastic,Rubber,Polyurethane,Forged steel,Stainless steel,Aluminium,Others |
Influencing Trend:
The development of new formulations and materials is the key trend growing popularity of the caster wheel market
Market Growth Drivers:
Wide Range of Applications is Fueling the Market Growth and Cost Effectiveness of Casters
Challenges:
Fluttering at High Speed may hamper the Market Growth
Restraints:
High Rolling Resistance may hamper the Market Growth and Risk of Breakage Due to Low Load Bearing Capacity
Opportunities:
Increasing Manufacturing Plants in Developing Economies and Rising Downstream Operations in Developed and Developing Economies
Some of the other players that are also part of study are Flywheel Metalwork (China), Vulkoprin (Belgium), OMO-ROCARR (Italy), Guy-Raymond (United Kingdom) and CASCOO (China). The Global Casters market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
A cutting-edge new line of wheels designed specifically for use on machinery that is routinely subjected to high-temperature sterilisation chambers and repeated cart wash applications has been unveiled by Colson Group, a world leader in the manufacture of casters and wheels. The new Steriliser High-Temp Soft Wheels have antibacterial properties, are reasonably priced, and outperform wheels traditionally used in these applications in terms of performance.
A prominent, vertically-integrated provider of temporary ground protection and site access services, Sterling Site Access Solutions has been acquired by Blue Wolf Capital Partners, a private equity firm based in New York.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Casters market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Casters market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.