A caster is a rolling device fitted to the lower end of a tool (e.g. seat, cart, mobile scaffolding, workshop van, etc.) to enable the tool to move freely. It is a system that consists of bearings, wheels, brackets etc.
I. Caster Industry Chain Analysis
The upstream market of casters is mainly raw materials and spare parts market. According to the product structure of casters, it mainly includes three parts: bearings, wheels, and brackets, which are mainly produced by steel, non-ferrous metals, plastics and rubber.
The downstream market of casters is mainly the application market, which is categorized according to the field of application, including medical, industrial, supermarket, furniture and so on.
II. Market Trends
1. Increased demand for automation: With the advancement of industrial automation, the demand continues to grow. The automation system requires equipment to be able to move flexibly, so there is a higher demand for high-quality, low-energy casters.
2. Green environmental protection: environmental awareness of the enhancement of the use of renewable materials made of casters are concerned. At the same time, low noise and low friction casters have a broader application prospects.
3. E-commerce industry development: the rapid development of e-commerce to promote the prosperity of the logistics industry, casters as one of the important accessories of the logistics industry, its demand has increased.
III. Competitive landscape
The caster industry is highly competitive, and there are numerous manufacturers and suppliers in the market. The main competitiveness is reflected in product quality, price, technological innovation and after-sales service. Industry leaders occupy a certain share of the market by virtue of economies of scale and R & D strength, while there are many small and medium-sized enterprises focusing on specific areas of market segments.
IV. Development Prospects
1. Innovation in manufacturing technology: With the promotion of science and technology, caster manufacturing technology continues to innovate. For example, the use of 3D printing technology to produce casters is gradually deepening the research, will bring new opportunities for the caster industry.
2. Intelligent application: the rise of intelligent manufacturing will bring new development opportunities for the caster industry. The emergence of intelligent casters makes the equipment more intelligent, flexible, and further improve work efficiency.
3. Market segmentation: the caster market has a great potential for segmentation, the demand for casters in different areas is different, the manufacturer can be differentiated according to market demand for product development to obtain a larger market share.
Post time: Nov-18-2023