Product Code: ETC042140 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia Caster Wheels Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 8.50% in 2025, the market peaks at 10.01% in 2027, and settles at 7.51% by 2029.
The Saudi Arabia caster wheels market is anticipated to reach a valuation of USD 6 million by 2031, growing at an impressive CAGR of 5.2% during the forecast period (2025-2031). The growth in this market can be attributed to rising industrialization and urbanization, increasing demand for caster wheels from different end use industries, such as automotive, healthcare and hospitality among others. Additionally, the implementation of various government initiatives aimed at developing infrastructure has also been driving the demand for caster wheels in Saudi Arabia over recent years.
Growing industrialization and urbanization across the country is one of the major factors driving growth in this region??s caster wheel industry. With rapid development occurring across many sectors such as construction, healthcare etc., there is a strong need for efficient mobility solutions that are able to bear heavy loads with minimum effort and maximum efficiency. This has led to increased adoption of castor wheel products which have become increasingly popular due to their compatibility with modern materials handling equipment such as trolleys and pallet jacks used widely in warehouses and other commercial establishments. As a result, manufacturers have started offering innovative designs that are more compatible with different types of applications thus aiding further growth potential for this industry segment within Saudi Arabia.
Despite its promising outlook on account of several favorable drivers outlined above,, certain challenges could impede progress within the Saudi Arabia caster wheel industry over coming years including stringent environmental regulations governing emissions levels along with high costs associated with manufacturing operations due to usage expensive raw materials thereby escalating production costs significantly affecting overall profitability margins negatively. Moreover, availability inferior quality substitutes could further reduce consumer inclination towards investing into genuine premium grade product offerings potentially hampering market expansion prospects going forward.
In addition to this COVID-19 pandemic has also resulted in increased demand for casters across all major industries including food & beverage industry as customers prefer online shopping due to social distancing norms followed by governments globally. This will further propel market growth over the coming years.
Some of the major players operating in Saudi Arabia caster wheel market include Al Ain Factory For Bent Metal Products , Al Mutawa Group ,Al Tamman Trading Establishment Co Ltd., Baco Enterprises Est., Furniture Wheel Corporation Of India Limited (FWCI), Jyoti Steel Industries Pvt Ltd., Marco Rubber & Plastics LLC , Nivel Parts & Manufacturing Company , Polytech Fze., Precision Castparts Corp .(PCC)etc.
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 Saudi Arabia Caster Wheels Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Caster Wheels Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Caster Wheels Market - Industry Life Cycle |
3.4 Saudi Arabia Caster Wheels Market - Porter's Five Forces |
3.5 Saudi Arabia Caster Wheels Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Saudi Arabia Caster Wheels Market Revenues & Volume Share, By Weight, 2021 & 2031F |
3.7 Saudi Arabia Caster Wheels Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.8 Saudi Arabia Caster Wheels Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Saudi Arabia Caster Wheels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Caster Wheels Market Trends |
6 Saudi Arabia Caster Wheels Market, By Types |
6.1 Saudi Arabia Caster Wheels Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Caster Wheels Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Saudi Arabia Caster Wheels Market Revenues & Volume, By Rigid, 2021-2031F |
6.1.4 Saudi Arabia Caster Wheels Market Revenues & Volume, By Swivel, 2021-2031F |
6.1.5 Saudi Arabia Caster Wheels Market Revenues & Volume, By Industrial, 2021-2031F |
6.1.6 Saudi Arabia Caster Wheels Market Revenues & Volume, By Braking and Locking, 2021-2031F |
6.2 Saudi Arabia Caster Wheels Market, By Weight |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Caster Wheels Market Revenues & Volume, By Light Duty, 2021-2031F |
6.2.3 Saudi Arabia Caster Wheels Market Revenues & Volume, By Medium Duty, 2021-2031F |
6.2.4 Saudi Arabia Caster Wheels Market Revenues & Volume, By Heavy Duty, 2021-2031F |
6.3 Saudi Arabia Caster Wheels Market, By Material |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Caster Wheels Market Revenues & Volume, By Forged Steel, 2021-2031F |
6.3.3 Saudi Arabia Caster Wheels Market Revenues & Volume, By Cast Iron, 2021-2031F |
6.3.4 Saudi Arabia Caster Wheels Market Revenues & Volume, By Ductile Iron, 2021-2031F |
6.3.5 Saudi Arabia Caster Wheels Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.3.6 Saudi Arabia Caster Wheels Market Revenues & Volume, By Mold on Rubber, 2021-2031F |
6.3.7 Saudi Arabia Caster Wheels Market Revenues & Volume, By Phenolic Resin, 2021-2031F |
6.4 Saudi Arabia Caster Wheels Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 Saudi Arabia Caster Wheels Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.3 Saudi Arabia Caster Wheels Market Revenues & Volume, By Aerospace, 2021-2031F |
6.4.4 Saudi Arabia Caster Wheels Market Revenues & Volume, By Food Industry, 2021-2031F |
6.4.5 Saudi Arabia Caster Wheels Market Revenues & Volume, By Medical, 2021-2031F |
6.4.6 Saudi Arabia Caster Wheels Market Revenues & Volume, By Textile Industry, 2021-2031F |
6.4.7 Saudi Arabia Caster Wheels Market Revenues & Volume, By Agricultural Machines, 2021-2031F |
7 Saudi Arabia Caster Wheels Market Import-Export Trade Statistics |
7.1 Saudi Arabia Caster Wheels Market Export to Major Countries |
7.2 Saudi Arabia Caster Wheels Market Imports from Major Countries |
8 Saudi Arabia Caster Wheels Market Key Performance Indicators |
9 Saudi Arabia Caster Wheels Market - Opportunity Assessment |
9.1 Saudi Arabia Caster Wheels Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Saudi Arabia Caster Wheels Market Opportunity Assessment, By Weight, 2021 & 2031F |
9.3 Saudi Arabia Caster Wheels Market Opportunity Assessment, By Material, 2021 & 2031F |
9.4 Saudi Arabia Caster Wheels Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Saudi Arabia Caster Wheels Market - Competitive Landscape |
10.1 Saudi Arabia Caster Wheels Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Caster Wheels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |