WILMINGTON, Delaware, July 27, 2022 /PRNewswire/ — The global caster market is valued at $7.8 billion in 2021. The global market is expected to grow at a CAGR of 5.40% during the forecast period from 2022 to 2031. It is expected that by 2031 the size of the roller market will reach 13.2 billion US dollars. The increase in the number of rollers used in the hospitality and medical industries is a major factor in the rapid growth of the global roller market.
Other equipment, such as carts used by resorts and hotels to transport food and luggage for tourists, and stretchers in hospitals, are equipped with casters. This has led to new roller manufacturers entering the industry offering professional service and roller designs while taking advantage of technological advances. Pivot rollers are an important type of roller that is increasingly being used for heavy duty applications such as material handling in the aerospace and automotive industries and is an ongoing trend in the global roller market.
The market is likely to see an increase in the use of pivot rollers, which use struts or threaded members to hold the swivel components together, resulting in less ability to pivot when high torque is used. When the rotating part is worn out, the threaded nut can be replaced and the service life of the roller will be longer. To meet the needs of end users, roller suppliers can expand their range of innovative rigid and swivel casters.
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Post time: Oct-14-2022
