Vietnam Caster Wheels Market (2024-2030) | Outlook, Share, Revenue, Industry, Trends, Value, Analysis, Size, Growth, Companies & Forecast

Market Forecast By Type (Rigid, Swivel, Industrial, Braking and Locking), By Weight (Light Duty, Medium Duty, Heavy Duty), By Material (Forged Steel, Cast Iron, Ductile Iron, Polyurethane, Mold on Rubber, Phenolic Resin, Others), By End-User (Automotive, Aerospace, Food Industry, Medical, Textile Industry, Agricultural Machines) And Competitive Landscape
Product Code: ETC042131 Publication Date: Aug 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Vietnam Caster Wheels Market Competition 2023

Vietnam Caster Wheels market currently, in 2023, has witnessed an HHI of 5277, Which has increased slightly as compared to the HHI of 3229 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Vietnam Export Potential Assessment For Caster Wheels Market (Values in USD Thousand)


Vietnam Caster Wheels Market Synopsis

The Vietnam Caster Wheels Market has been witnessing steady growth, propelled by the expansion of industries and logistics in the country. Caster wheels are essential components used in material handling equipment, carts, and various industrial applications. The increasing need for efficient and ergonomic material movement within warehouses and manufacturing facilities has driven the demand for caster wheels. The market caters to various industries, including automotive, logistics, retail, and healthcare. Leading caster wheels manufacturers offer a variety of products, including swivel casters, rigid casters, and heavy-duty caster wheels, to address the specific requirements of different industries and applications.

Drivers of the Market

The Vietnam Caster Wheels Market is driven by several factors that have contributed to its growth and adoption across various industries. Firstly, the expansion of the industrial and manufacturing sectors in the country has led to an increased demand for material handling equipment. Caster wheels are essential components used in carts, trolleys, and other material handling equipment, enabling smooth and efficient movement of goods within warehouses and factories. Secondly, the growth of the e-commerce and logistics industries has driven the need for efficient and versatile caster wheels. With the rising trend of online shopping and home delivery services, there is a growing demand for logistics equipment equipped with high-quality caster wheels to handle the movement of goods in warehouses and distribution centers. Moreover, the emphasis on workplace ergonomics and safety has led to the adoption of ergonomic caster wheels in various industrial settings. These wheels offer features such as noise reduction, shock absorption, and smooth maneuverability, contributing to a safer and more comfortable working environment. Additionally, the increasing adoption of automation and robotic technologies in industries has driven the need for caster wheels compatible with automated guided vehicles (AGVs) and robotics. AGVs equipped with caster wheels facilitate automated material handling, reducing the need for manual labor and improving operational efficiency. Furthermore, the government`s investment in infrastructure development, including industrial parks and commercial establishments, has spurred the demand for caster wheels for various applications, such as furniture, automotive, and healthcare equipment.

Challenges of the Market

The Vietnam Caster Wheels Market faces several challenges as it caters to diverse industries and applications. Firstly, the lack of standardization and regulations for caster wheels in certain industries, such as healthcare and aerospace, can create challenges in ensuring consistent product quality and safety standards. Proper standards and certifications are essential to avoid potential accidents and hazards associated with caster wheel failure. Secondly, the presence of low-quality and substandard caster wheels in the market poses challenges for genuine manufacturers.

COVID-19 Impact on the Market

The COVID-19 pandemic had diverse impacts on the Vietnam Caster Wheels Market. With restrictions on movement and the temporary closure of factories and warehouses during lockdowns, the demand for new caster wheel installations experienced a decline in certain industries. Industries heavily reliant on material handling and logistics, such as e-commerce and distribution centers, saw increased demand for caster wheels to support the surge in online shopping and home deliveries during lockdowns. The disruption of global supply chains during the pandemic affected the availability of raw materials and components used in caster wheel manufacturing. Manufacturers faced challenges in sourcing materials and meeting production timelines, leading to temporary shortages in certain caster wheel models.

Key Highlights of the Report:

  • Vietnam Caster Wheels Market Outlook
  • Market Size of Vietnam Caster Wheels Market, 2023
  • Forecast of Vietnam Caster Wheels Market, 2030
  • Historical Data and Forecast of Vietnam Caster Wheels Revenues & Volume for the Period 2020-2030
  • Vietnam Caster Wheels Market Trend Evolution
  • Vietnam Caster Wheels Market Drivers and Challenges
  • Vietnam Caster Wheels Price Trends
  • Vietnam Caster Wheels Porter's Five Forces
  • Vietnam Caster Wheels Industry Life Cycle
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Rigid for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Swivel for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Industrial for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Braking and Locking for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Weight for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Light Duty for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Medium Duty for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Heavy Duty for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Material for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Forged Steel for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Cast Iron for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Ductile Iron for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Polyurethane for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Mold on Rubber for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Phenolic Resin for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Others for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By End-User for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Automotive for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Aerospace for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Food Industry for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Medical for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Textile Industry for the Period 2020-2030
  • Historical Data and Forecast of Vietnam Caster Wheels Market Revenues & Volume By Agricultural Machines for the Period 2020-2030
  • Vietnam Caster Wheels Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Weight
  • Market Opportunity Assessment By Material
  • Market Opportunity Assessment By End-User
  • Vietnam Caster Wheels Top Companies Market Share
  • Vietnam Caster Wheels Competitive Benchmarking By Technical and Operational Parameters
  • Vietnam Caster Wheels Company Profiles
  • Vietnam Caster Wheels Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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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 Vietnam Caster Wheels Market Overview

3.1 Vietnam Country Macro Economic Indicators

3.2 Vietnam Caster Wheels Market Revenues & Volume, 2020 & 2030F

3.3 Vietnam Caster Wheels Market - Industry Life Cycle

3.4 Vietnam Caster Wheels Market - Porter's Five Forces

3.5 Vietnam Caster Wheels Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 Vietnam Caster Wheels Market Revenues & Volume Share, By Weight, 2020 & 2030F

3.7 Vietnam Caster Wheels Market Revenues & Volume Share, By Material, 2020 & 2030F

3.8 Vietnam Caster Wheels Market Revenues & Volume Share, By End-User, 2020 & 2030F

4 Vietnam Caster Wheels Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Vietnam Caster Wheels Market Trends

6 Vietnam Caster Wheels Market, By Types

6.1 Vietnam Caster Wheels Market, By Type

6.1.1 Overview and Analysis

6.1.2 Vietnam Caster Wheels Market Revenues & Volume, By Type, 2020-2030F

6.1.3 Vietnam Caster Wheels Market Revenues & Volume, By Rigid, 2020-2030F

6.1.4 Vietnam Caster Wheels Market Revenues & Volume, By Swivel, 2020-2030F

6.1.5 Vietnam Caster Wheels Market Revenues & Volume, By Industrial, 2020-2030F

6.1.6 Vietnam Caster Wheels Market Revenues & Volume, By Braking and Locking, 2020-2030F

6.2 Vietnam Caster Wheels Market, By Weight

6.2.1 Overview and Analysis

6.2.2 Vietnam Caster Wheels Market Revenues & Volume, By Light Duty, 2020-2030F

6.2.3 Vietnam Caster Wheels Market Revenues & Volume, By Medium Duty, 2020-2030F

6.2.4 Vietnam Caster Wheels Market Revenues & Volume, By Heavy Duty, 2020-2030F

6.3 Vietnam Caster Wheels Market, By Material

6.3.1 Overview and Analysis

6.3.2 Vietnam Caster Wheels Market Revenues & Volume, By Forged Steel, 2020-2030F

6.3.3 Vietnam Caster Wheels Market Revenues & Volume, By Cast Iron, 2020-2030F

6.3.4 Vietnam Caster Wheels Market Revenues & Volume, By Ductile Iron, 2020-2030F

6.3.5 Vietnam Caster Wheels Market Revenues & Volume, By Polyurethane, 2020-2030F

6.3.6 Vietnam Caster Wheels Market Revenues & Volume, By Mold on Rubber, 2020-2030F

6.3.7 Vietnam Caster Wheels Market Revenues & Volume, By Phenolic Resin, 2020-2030F

6.4 Vietnam Caster Wheels Market, By End-User

6.4.1 Overview and Analysis

6.4.2 Vietnam Caster Wheels Market Revenues & Volume, By Automotive, 2020-2030F

6.4.3 Vietnam Caster Wheels Market Revenues & Volume, By Aerospace, 2020-2030F

6.4.4 Vietnam Caster Wheels Market Revenues & Volume, By Food Industry, 2020-2030F

6.4.5 Vietnam Caster Wheels Market Revenues & Volume, By Medical, 2020-2030F

6.4.6 Vietnam Caster Wheels Market Revenues & Volume, By Textile Industry, 2020-2030F

6.4.7 Vietnam Caster Wheels Market Revenues & Volume, By Agricultural Machines, 2020-2030F

7 Vietnam Caster Wheels Market Import-Export Trade Statistics

7.1 Vietnam Caster Wheels Market Export to Major Countries

7.2 Vietnam Caster Wheels Market Imports from Major Countries

8 Vietnam Caster Wheels Market Key Performance Indicators

9 Vietnam Caster Wheels Market - Opportunity Assessment

9.1 Vietnam Caster Wheels Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 Vietnam Caster Wheels Market Opportunity Assessment, By Weight, 2020 & 2030F

9.3 Vietnam Caster Wheels Market Opportunity Assessment, By Material, 2020 & 2030F

9.4 Vietnam Caster Wheels Market Opportunity Assessment, By End-User, 2020 & 2030F

10 Vietnam Caster Wheels Market - Competitive Landscape

10.1 Vietnam Caster Wheels Market Revenue Share, By Companies, 2023

10.2 Vietnam Caster Wheels Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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