The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033
The Caster Wheels by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Caster Wheels , The caster wheels market size has grown strongly in recent years. It will grow from $8.63 billion in 2023 to $9.13 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to industrialization and manufacturing growth, logistics and transportation development, focus on ergonomics and workplace efficiency, customization and specialized solutions, globalization and supply chain dynamics.The caster wheels market size is expected to see strong growth in the next few years. It will grow to $11.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
The expansion of hospitals is expected to drive the growth of the caster wheel market. Hospitals, as institutions providing medical treatment and care to patients, utilize caster wheels in various applications, including hospital beds, equipment carts, surgery tables, and IV poles.For instance, in December 2022, the Texas Legislature and Governor Greg Abbott approved $282.5 million for the expansion and construction design of a new hospital in Dallas-Fort Worth, as reported by the Texas Health & Human Services Commission. The planned hospital is set to feature 296 beds, including 200 for adults and up to 96 for pediatric patients.
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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
Top Major Players
TENTE International GmbH,
Brauer Ltd.,
CASCOO Europe GmbH,
DH Casters Inc.,
Hamilton Caster & Manufacturing Co.
The caster wheels market report table of contents includes:
1. Executive Summary
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List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Caster Wheels Market, Segmentation By Caster Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Caster Wheels Market, Segmentation By Type Of Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Caster Wheels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: TENTE International GmbH Financial Performance
Table 76: Brauer Ltd. Financial Performance
Table 77: CASCOO Europe GmbH Financial Performance
Table 78: DH Casters Inc. Financial Performance
Table 79: Hamilton Caster & Manufacturing Co. Financial Performance
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