What is Swivel Casters?
The swivel caster is designed so that the wheel in the caster can rotate 360 degrees, making it ideal for moving heavy loads in warehouses and other material handling tasks. Swivel caster incorporates a wheel mounted to a fork, but an additional swivel joint above the fork allows the fork to freely rotate about 360°, which enables the wheel to roll in any direction. This makes it possible to easily move the vehicle in any direction without changing its orientation.
The market study is broken down by Type (With Lock and Without Lock), by Application (Industrial and Automotive, Medical and Furniture and Others) and major geographies with country level break-up.
Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Swivel Casters market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hamilton Caster (United States), RWM Casters (United States), R&K Industrial Wheels (United States), Tente International (Germany), Blickle (Germany), Colson Group (United States), Tellure Rota S.P.A. (Italy), OMO-ROCARR (Italy), Payson Casters (United States) and Algood Caster (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Trelleborg (Sweden), Industrial Caster & Wheel Co (United States), McKees Rocks Forgings (United States), Wicke GmbH (Germany), Flywheel Metalwork (China), Ruedas Alex, S.L.U. (Spain), Manner Caster (Finland), Steinco (Germany) and Vulkoprin (Belgium).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Swivel Casters market by Type, Application and Region.
On the basis of geography, the market of Swivel Casters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Mounting Style, the sub-segment i.e. Base Plate will boost the Swivel Casters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Swivel Construction, the sub-segment i.e. Kingpin Swivel will boost the Swivel Casters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Height Range, the sub-segment i.e. 4 inch will boost the Swivel Casters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Tread Style, the sub-segment i.e. Flat Tread will boost the Swivel Casters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Wheel Configuration, the sub-segment i.e. Single Wheel will boost the Swivel Casters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metal (Ductile Steel, Cast Iron, Forged Steel, Others) will boost the Swivel Casters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Wheel Diameter, the sub-segment i.e. 8 inch will boost the Swivel Casters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Weight Capacity Range, the sub-segment i.e. Light Duty (50 – 1000 LBS) will boost the Swivel Casters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- The development of new and improved safety features, such as better foot brakes and frictionless motion, can tremendously reduce employee injury risks and increase productivity.
Market Drivers
- Increasing demand for heavy-duty applications from end-use industries such as medical and transportation are driving the growth of the swivel caster market.
- Customization of Caster is also bolstering the Demand
Opportunities
- Technological Innovations using CAD for Safe, Ergonomic, and Durable Ultra-Heavy-Duty Casters
Restraints
- Swivels are not designed to Consistently Roll in a Straight Line
- It Can Take More Manpower to Manoeuvre Cargo on Swivel Casters
- Excess Swivel Offset Can Break the Legs of the Yoke from Swivel
Challenges
- Caster problems can negatively impact ROI due to the recurring cost for caster replacement. Additionally, caster replacement can mean impaired productivity due to machine downtime.
- Design of the Proper Swivel Lead for the Industrial Caster Application
Key Target Audience
Swivel Caster Manufacturers, Raw Material Suppliers, Distributors/Exporters/Importers, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.