About Furniture Casters
A caster, also known as castor, is a wheeled device normally mounted to a larger object that allows relatively easy rolling movement of the object. Furniture casters are basically housings that contain a wheel & a mounting to install the caster to the furniture (chair, sofas, tables, and others). Furniture casters cover a wide range of styles & series. Furniture casters are also available with a wide range of mounting options such as threaded stem, grip ring stem, grip neck (wood) stem, and top plates. Casters have a wide range of practical applications including office chairs, and material handling equipment, amongst others. Growing disposable income among consumers is likely to increase the demand for the growth of the furniture caster market over the coming years.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Furniture Casters is a fragmented market due to the presence of various players. The many changes within the industry underscore the fact that there is an increasingly more competitive landscape. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Italian, German, and United States Vendors will contribute the maximum growth to Global Furniture Casters market throughout the forecasted 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.
Colson Group Holdings, LLC (United States), TENTE International GmbH (Germany), Blickle Räder + Rollen GmbH u. Co. KG (Germany), TAKIGEN MFG CO., LTD (Japan), Payson Casters Inc. (United States), Hamilton Caster & Manufacturing Co. (United States), TELLURE RÔTA SPA (Italy), Samsong Caster Co., Ltd. (South Korea), CEBORA S.p.A. (Italy) and ER Wagner (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Regal Castors Pvt Ltd (India), Uchimura Co., Ltd. (Japan) and RWM Casters (United States).
Segmentation Overview
AMA Research has segmented the market of Global Furniture Casters market by Type (Swivel Caster and Rigid Caster), Application (Chairs, Sofas, Tables and Others) and Region.
On the basis of geography, the market of Furniture 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 End use Industry, the sub-segment i.e. Logistics and Transportation will boost the Furniture Casters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Furniture Casters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Wheel Material, the sub-segment i.e. Synthetic Rubber will boost the Furniture Casters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Growing Demand from Wide Range of Applications and Increasing Disposable Income among People
Restraints:
Accessibility of Counterfeit Products
Opportunities:
Technological Advancements in Casters and Growing Opportunities from Untapped Markets
Market Leaders and their expansionary development strategies
In February 2023, Colson Group, the global leader in caster and wheel product solutions, announces their acquisition of Manner, a Hanko-based caster manufacturer.
In April 2022, Colson Group, the global leader in caster and wheel products, has unveiled a new equity participation program which grants employees shares in the company and encourages employees to “act like owners.
Key Target Audience
Furniture Casters Manufacturers, Raw Materials Suppliers, Government and Research Organizations, Industry Associations, End Users 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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.