| Product Code: ETC5518840 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cyprus continues to see a steady increase in caster wheels import shipments, with top exporting countries like China, Greece, Italy, Spain, and Germany dominating the market in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market landscape. The compound annual growth rate (CAGR) from 2020 to 2024 stands at 7.14%, showcasing sustained growth momentum. Furthermore, the impressive growth rate of 17.87% from 2023 to 2024 suggests a rapidly expanding market for caster wheels in Cyprus, offering opportunities for both domestic and international suppliers.

The Caster Wheels market in Cyprus is projected to grow at a stable growth rate of 2.38% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Caster Wheels Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Caster Wheels Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Caster Wheels Market - Industry Life Cycle |
3.4 Cyprus Caster Wheels Market - Porter's Five Forces |
3.5 Cyprus Caster Wheels Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cyprus Caster Wheels Market Revenues & Volume Share, By Weight, 2021 & 2031F |
3.7 Cyprus Caster Wheels Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.8 Cyprus Caster Wheels Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Cyprus Caster Wheels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Caster Wheels Market Trends |
6 Cyprus Caster Wheels Market Segmentations |
6.1 Cyprus Caster Wheels Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Caster Wheels Market Revenues & Volume, By Rigid, 2021-2031F |
6.1.3 Cyprus Caster Wheels Market Revenues & Volume, By Swivel, 2021-2031F |
6.1.4 Cyprus Caster Wheels Market Revenues & Volume, By Industrial, 2021-2031F |
6.1.5 Cyprus Caster Wheels Market Revenues & Volume, By Braking and Locking, 2021-2031F |
6.2 Cyprus Caster Wheels Market, By Weight |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Caster Wheels Market Revenues & Volume, By Light Duty, 2021-2031F |
6.2.3 Cyprus Caster Wheels Market Revenues & Volume, By Medium Duty, 2021-2031F |
6.2.4 Cyprus Caster Wheels Market Revenues & Volume, By Heavy Duty, 2021-2031F |
6.3 Cyprus Caster Wheels Market, By Material |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Caster Wheels Market Revenues & Volume, By Forged Steel, 2021-2031F |
6.3.3 Cyprus Caster Wheels Market Revenues & Volume, By Cast Iron, 2021-2031F |
6.3.4 Cyprus Caster Wheels Market Revenues & Volume, By Ductile Iron, 2021-2031F |
6.3.5 Cyprus Caster Wheels Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.3.6 Cyprus Caster Wheels Market Revenues & Volume, By Mold on Rubber, 2021-2031F |
6.3.7 Cyprus Caster Wheels Market Revenues & Volume, By Phenolic Resin, 2021-2031F |
6.4 Cyprus Caster Wheels Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Caster Wheels Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.3 Cyprus Caster Wheels Market Revenues & Volume, By Aerospace, 2021-2031F |
6.4.4 Cyprus Caster Wheels Market Revenues & Volume, By Food Industry, 2021-2031F |
6.4.5 Cyprus Caster Wheels Market Revenues & Volume, By Medical, 2021-2031F |
6.4.6 Cyprus Caster Wheels Market Revenues & Volume, By Textile Industry, 2021-2031F |
6.4.7 Cyprus Caster Wheels Market Revenues & Volume, By Agricultural Machines, 2021-2031F |
7 Cyprus Caster Wheels Market Import-Export Trade Statistics |
7.1 Cyprus Caster Wheels Market Export to Major Countries |
7.2 Cyprus Caster Wheels Market Imports from Major Countries |
8 Cyprus Caster Wheels Market Key Performance Indicators |
9 Cyprus Caster Wheels Market - Opportunity Assessment |
9.1 Cyprus Caster Wheels Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cyprus Caster Wheels Market Opportunity Assessment, By Weight, 2021 & 2031F |
9.3 Cyprus Caster Wheels Market Opportunity Assessment, By Material, 2021 & 2031F |
9.4 Cyprus Caster Wheels Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Cyprus Caster Wheels Market - Competitive Landscape |
10.1 Cyprus Caster Wheels Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Caster Wheels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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