Published Date : 11 Nov 19 | Views: 52 | Industry : Machinery & Equipment
Rigid Casters to witness a surge in the demand in future
Based on the product, the Casters market is bifurcated on the basis of rigid caster and swivel caster. Rigid Casters are high in demand owing to their exceptional weight bearing capacity as compared to swivel Casters. Swivel Casters are known to work effectively for shorter distances. The global Casters market has been segregated on the basis of application as industrial and automotive, medical and furniture, and others. The industrial sector makes use of high capacity and heavy duty Casters for platform trucks, assemblies, carts, and tow lines in plants. Casters also find extensive usage in medical applications as they are apt for fitting into moveable hospital beds, bedside screens, waste trolley, equipment trolley, paediatric bed, and various other equipment.
North America to maintain its supremacy in the Casters market
Expansion of the automotive industry and widespread consumption of Casters in North America is driving the demand for Casters in this region. Increasing downstream operations in Latin America has resulted in an upsurge in the adoption of Casters, thus impacting the Casters market growth in this region. Large scale production of Casters is one of the major factors driving the market in Asia Pacific.
Players to introduce novel products to gain traction in the market
Tente International, TELLURE, TAKIGEN, Wicke, CEBORA, Stellana, RAEDER, EMILSIDER, VOGEL, Steinco, Alex, Manner, Colson Group, Samsongcaster, OMO, Flywheel Metalwork, Vulkoprin, ROCARR, Regal Castors, Guy, Raymond, Jacob Holtz, Algood Caster, CASCOO, Payson Casters, RWM Casters, Blickle, and Hamilto are some of the key players operating in the global Casters market. Manufacturers are designing advanced caster wheels with increased efficiency and weight bearing capacity, in compliance with the laid regulations.
Noisy wheels and rolling resistance may restrain the market growth
High rolling resistance of Casters may make it harder to turn the furniture, thus reducing the adoption of Caster wheels. Also, Casters can be noisy if they create a lot of friction. Lack of sturdiness and low load bearing capacity of Casters can lead to breakage, thereby restraining the market growth.
Moreover, engineered plastic material deployed in caster wheels can be costly, which may hamper the growth of the Casters market. Organizations such as Occupational Safety and Health Administration (OSHA) have enforced some strict regulations on the noise level a particular Caster can make and on the exposure to noise for the workers. This may act as a challenge for the market players.
For further information, check: https://www.qyrconsulting.com/reports/casters-market