Global Caster Wheels Market Outlook by Region

In terms of volume, Asia-Pacific accounted for a large segment of the worldwide caster wheels market in 2021. This was mostly attributed to the existence of a significant number of caster wheel producers in the region, as well as well-developed manufacturing industries such as automotive and textile.
Furthermore, the hotel and medical industries are important in the Asia-Pacific region. Caster wheels are in high demand in these sectors. China accounts for slightly less than half of the Asia-Pacific caster wheel market.
The caster wheel market is also very popular in North America and Europe. Because of the widespread use of kingpin casters in the automotive and aerospace sectors for high torque material handling applications, the kingpin caster segment leads the market in North America. It is also a significant market sector in Europe, owing to the region's considerable demand for kingpin casters in the manufacturing industry. Because of the existence of these significant manufacturing enterprises in the area, South America has a greater market for caster wheels than the Middle East and Africa. On the other hand, the Middle East and Africa markets are expected to rise at a faster rate due to the region's expansion of the hotel and medical industries.