QYResearch: The Europe consumption of casters products 2040 M units in 2016
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 industry is highly dispersion; the top 10 manufacturers only occupied 15.5% of market share. In the USA, major manufactures mainly are Tente International, Blickle, Colson Group, TELLURE, Wicke, CEBORA and etc.
The Europe consumption of casters products rises up from 1770 M units in 2012 to 2040 M units in 2016, with an average annual growth rate of 3%. At the same time, the revenue of world casters sales market has a leap from 1320 million dollar to 1440 million dollar.
the downstream industries of casters products are Industrial and Automotive, Medical and Furniture and etc. In the recent years, with the recovery of global economic, the development of emerging countries, the enlarging expense of China automotive market, the consumption increase of casters will be bright.
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