Plastic Casters Market Size, Share, Growth, and Industry Analysis by Type (PU Caster, PA Caster, PP Caster, PE Caster, POM Caster, and PC Caster) By Application (Medical, Industrial, Furniture, Logistics, Food Industry, Shopping, Cart, Airport, Laboratory, Hotel), Regional Forecast To 2031

Updated On: 08 April 2024

Plastic Casters Market REPORT OVERVIEW

• 
• Request a Free sample to learn more about this report

The global plastic casters market size was USD 3381.6 million in 2022 and is projected to touch USD 6930.68 million by 2031, at a CAGR of 8.3% during the forecast period.

A caster is a device that is an attachment to a wheel and a mount that is designed to be attached to the bottom of a heavy object to cause movement easily. Different materials are used in producing a caster according to the usage of mobility and the environment. Plastic casters are used in shopping carts, office chairs, medical beds, and material handling equipment. Caster wheel variations come in a wide variety and vary significantly depending on the needs of the application. With qualities like strength, corrosion resistance, water resistance, and weather resistance, it is an excellent product to move things. Caster wheel applications require accurate sizing based on the surface they will be used on and the weight they are intended to support. Plastic casters are used by many different end-users, including the medical sector, textile industry, food industry, automotive industry, aerospace industry, and agricultural machinery, which presents the market with promising growth prospects.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth

All businesses have experienced significant losses as a result of the COVID-19 outbreak. The market for plastic casters is no different. Supply chain hurdles, raw material unavailability, and shortage of workforce were major factors that disrupted the global market on a massive scale. Due to these factors, production saw a notable decline all across the world.

The market for caster wheels may finally get a chance to recover now that numerous production facilities are up and running. Following significant disruption during the pandemic, the plastic casters market size is expected to experience steady, positive growth during the forecast period.

LATEST TRENDS

"Growing Implementation in Hospitals to Boost Market Growth"

The need to lower the risk of industrial injuries, particularly overexertion, is the major influence on the growth of plastic casters market share. The need to lower the risk of industrial injuries, particularly overexertion, is a growing market potential for plastic caster wheels. Hospitals are required to employ caster wheels, and OSHA (Occupational Safety and Health Administration) and CCOHS (Canadian Centre for Occupational Health and Safety) suggest that the horizontal force (maximum) exerted should not exceed 50 pounds. Such strict norms will certainly boost the product adoption in healthcare settings.

Plastic Casters Market Segmentation

• 
• Request a Free sample to learn more about this report

• By Type Analysis

As per the type, the market is classified as follows: PU Caster, PA Caster, PP Caster, PE Caster, POM Caster, and PC Caster.  PU caster segment is slated to dominate the market share through 2028.

• By Application Analysis

Based on application, the plastic casters market is segmented as follows: Medical, Industrial, Furniture, Logistics, Food Industry, Shopping Cart, Airport, Laboratory, Hotel, and Others. The medical sector is the leading segment in the plastic casters market.

DRIVING FACTORS

"Increased Adoption for Industrial Purposes to Facilitate Market Development"

In the beginning, caster wheels were regarded as furniture when they were introduced to the market.  Later plastic caster wheels were employed in industrial settings because of how hefty they were. A variety of features, including brakes, direction locks, and shock absorbers were subsequently incorporated into the design of plastic casters.  Caster wheels can be seen across all industries these days, including on hospital beds, office chairs, and furniture in automobiles. Furthermore, they protect the floor. These are the main driving forces behind the plastic casters market expansion.

"Reduced Overexertion by Plastic Casters Market to Promote Industry Progress"

Overexertion was ranked as the leading cause of disabling injuries at work as well. According to estimates, tasks that require pulling or pushing that account for 10% of all serious back injuries in the workplace. Since then, the introduction of plastic casters in the market has minimized the amount of manual lifting, lowering, and carrying that occurs in workplaces, frequently substituting those jobs with pulling and pushing. As a result of the aforementioned factors, the need for caster wheels has grown over time. Continuous demand across various industries will propel the market growth in the forthcoming years.

RESTRAINING FACTORS

"High Cost, Noise, and Rolling Resistance to Hinder Market Growth"

Plastic casters demand in clinics and hospitals is increasing as they help patients move around quickly. However, concerns like noisy wheels and rolling resistance could limit the market's expansion for caster wheels. Additionally, the price of the specialized plastic casters may restrict the plastic casters market growth. However, market players are continuously innovating, which will lead to the introduction of better, more advanced products in the market.

Plastic Casters Market REGIONAL INSIGHTS

• 
• Request a Free sample to learn more about this report

"Increase in Demand to Propel Market Progress in North America"

The market for caster wheels in the North America region is anticipated to hold the major share due to the rising demand in a variety of sectors, including the automotive and healthcare industries. The region is one of the leadin adopters of advanced technologies and several industries are increasingly spending on new, emerging technologies. Increasing public as well as private investments across various industries will propel the regional growth.

Asia Pacific will record the fastest growth in the market owing to growing application in the healthcare sector. Major healthcare organizations are adopting plastic casters to boost efficiency and enhance healthcare delivery. The regional automotive sector will also present fruitful opportunities for market expansion in the coming years.

KEY INDUSTRY PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.

List of Market Players Profiled

• Colson Group (U.S.)
• Tente International (Germany)
• ZONWE HOLDING GROUP (China)
• Blickle (Germany)
• TAKIGEN (Japan)
• TELLURE (Italy)
• Darcor (Canada)
• Flywheel Metalwork (U.S.)
• ER Wagner (U.S.)
• Samsongcaster (China)
• CEBORA (Italy)
• Regal Castors (India)
• RWM Casters (U.S.)
• Jacob Holtz (U.S.)
• Qingdao Shinhee (China)
• Dersheng (U.S.)
• Caster Connection (U.S.)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.