Pneumatic Caster Market

Pneumatic casters are air-filled pneumatic wheels that are used to control the speed of that equipment or tools which are moved manually. They are used in both outdoor and indoor appliances.  These are used for smoother, controlled and quite a movement of objects and they also have shock absorption quality and make the movement on rough surface cushioned and stable. They are usually made from natural rubber, synthetic rubber, aluminium, fabric and wire, and some chemical compounds.

They are popularly used for indoor use such as in hospitals, electronic laboratories, department stores, scientific laboratories, hotels, and others. Also, they are extensively used in the construction industry, manufacturing industry, material handling industry, and others. Pneumatic casters are preferred over polyurethane casters for outdoor purpose applications because of their easier ride and better grip. Their size ranges from as small as to be used for indoor furniture like chairs to as large as to be used for industrial purposes.

COVID-19 Impact Analysis

• COVID-19 pandemic has shut down the production of pneumatic caster attributed to the lockdown in countries worldwide this has hampered the growth of pneumatic caster from the last few months and is likely to grow in 2021.
• COVID -19 has already affected the sales of pneumatic caster in the second and third quarter of 2020 and is anticipated to grow in year 2021.
• Pneumatic caster manufacturers are expected to focus on protecting their workforce operations and supply chains to respond to ward immediate crisis and find new ways of working after COVID -19 for instance provision of sanitizers maintaining social distancing as well as ensuring the vaccination of every employee in the company can assist in promoting the health and safety of the workforce.

Top Impacting Factors

Pneumatic casters are widely used in medical equipment which carries patients or in medical carts which transports any medical tool in hospitals. So, smooth movement of activities in hospitals, clinics, nursing facilities, and surgeries is absolutely necessary for faster operational activity, so demand for appliances which uses pneumatic casters increased, which uplifts demand for pneumatic casters. During this pandemic, all sectors faced a disrupted market but the medical sector is the exception because hospital activities increased during this period and so the need for medical equipment which uses pneumatic casters rose, thus uplifting the pneumatic caster market. Industries across the world were impacted and so the pneumatic caster production was also reduced because of lockdown and restrictions in movement and thus, the pneumatic caster market was impacted.

Market trends

• CEO of Richmond Wheel & Castor Co stated there is planning to upsurge the production of heavy-duty industrial wheels, heavy-duty industrial trolley products, castors, custom manual handling materials and goods for large infrastructure products like road and infrastructure construction.
• Hamilton, one of the leading players in the market, launched all-new Endurance series which has long life and which cannot fail and thus does not need to be replaced and has maximum load rating of 1000 pounds per caster.
• In 2020, Hamilton introduced 4 new caster series and 5 new wheel series which were designed to transport heavy loads safely up to 10-mph.

Key Benefits of the Report

• This study presents the analytical depiction of the pneumatic caster along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the pneumatic caster market share.
• The current market is quantitatively analyzed to highlight the pneumatic caster market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed pneumatic caster market analysis based on competitive intensity and how the competition will take shape in coming years.

 Pneumatic Caster Market Report Highlights