Kaiping City Sunnywah Electronic CO.,LTD
July 06, 2022
Global Casters Market Size In 2022 with a CAGR of % : Leading Key Players, Global Share, Demand Analysis, Important changes, Future Growth Forecast to 2026.
“Casters Market” Insights 2022 By Types (Rigid Caster, Swivel Caster), Applications (Industrial and Automotive, Medical and Furniture, Others), Regions and Forecast to 2028. The global Casters market size is projected to reach multi million by 2028, in comparison to 2022, with unexpected CAGR during the forecast period.
Caster is a wheeled device typically mounted to a larger object that enables relatively easy rolling movement of the object. Circular shielding components, assembled on the sides of a wheel to protect the hub from threads and other foreign objects, which may prevent free rotation of the wheel. Casters are found virtually everywhere, from office desk chairs to shipyards, from hospital beds to automotive factories. They range in size from the very small Furniture Casters to massive industrial casters, and individual load capacities span 100 lbs or less to 100,000 lbs. Wheel materials include cast iron, plastic, rubber, polyurethane, forged steel, stainless steel, aluminum, and more.
The Casters market was valued at Million USD in 2018 and is projected to reach Million USD by 2025, at a CAGR of % during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Casters.
The Global Casters market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
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