Searching for your content…
from 8 AM – 10 PM ET
News provided by
27 Jul, 2022, 09:30 ET
Share this article
WILMINGTON, Del., July 27, 2022 /PRNewswire/ — The value of global caster wheels market stood at US$ 7.8 Bn in 2021. The global market is projected to rise at a CAGR of 5.40% during the forecast period, from 2022 to 2031.The size of caster wheels market is anticipated to attain value of US$ 13.2 Bn by 2031. The increase in the number of caster wheels utilized in the hospitality and medical industries is a major factor in the rapid growth of the global caster wheels market.
Trolleys utilized in resorts and hotels to transport food and luggage for visitors as well as other devices such as stretchers in hospitals feature caster wheels. This is causing new caster wheel manufacturer to enter the industry and provide specialized services and caster wheel designs that reap the benefits of technological improvements. Kingpin casters are an important caster wheel types and are increasingly being used for heavy-duty tasks including material handling in the aerospace and automotive industries, and it is an ongoing trend in the global caster wheels market.
The market is likely to observe an increase in use of kingpin caster wheels, which employ a staked or threaded element to keep the swivel assembly together to have less swivel capability in high torque uses. The caster wheel will last longer by allowing the threaded nut to be changed when the swivel part wears. In order to satisfy the needs of end users, caster wheels suppliers are likely to expand the selection of rigid caster wheels and swivel caster wheels with innovative designs.
Request Sample Report at – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77652
Key Findings of Market Report
Make an Enquiry before Buying –https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=77652
Global Caster Wheels Market: Growth Drivers
Ask for References – https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=77652
Global Caster Wheels Market: Key Players
Some of the key market players are
Global Caster Wheels Market: Segmentation
Automotive Research Reports
Wheelchair Accessible Vehicle Converter Market– Wheelchair Accessible Vehicle Converter Market is expected to exceed the value of US$ 13.84 Bn by the end of 2031
Two-wheeler Shock Absorber Market– The global two-wheeler shock absorber market is expected to reach US$ 4.6 Bn by the end of 2031
Trailer Wheel Market– Trailer Wheel Market to surpass value of US$ 1.5 Billion by the end of 2031
Automotive Blind Spot Detection Market – Automotive Blind Spot Detection Market is expected to cross value of US$ 16.59 Bn by the end of 2031, predicted to clock a striking CAGR of 13% during the forecast period.
Automotive OEM Key Market – Automotive OEM Key Market is estimated to reach the valuation of US$ 280 Mn by the end of 2030, expand at a CAGR of 2% during the forecast period.
Automotive Retrofit Electric Vehicle Powertrain Market– Automotive Retrofit Electric Vehicle Powertrain Market to Reach US$ $ 117.9 Bn by the end of 2031
Automotive Engine Management System Market– Automotive Engine Management System Market is expected to surpass the value of US$ 95.4 Bn by the end of 2031
Automotive Thermal System Market– Automotive Thermal System Market is expected to reach value of US$ 50.38 Bn by the end of 2031
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel – https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
SOURCE Transparency Market Research
Sign up to get PRN’s top stories and curated news delivered to your inbox weekly!
Searching for your content…