Market Overview:
The global universal wheel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for medical equipment, electronic equipment, machinery equipment, and logistics equipment. Additionally, the growing demand for universal wheels in Asia Pacific and Middle East & Africa is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. On basis of type, nylon wheels are expected to dominate the global universal wheel market during 2018-2030 owing to their properties such as high strength-to-weight ratio and impact resistance. Polurethane wheels are also anticipated witness significant growth over next decade on account of their superior properties such as abrasion resistance and low rolling resistance when compared with other types of materials used for manufacturing universal wheels.
Product Definition:
Universal Wheel is a type of wheel that is designed to be used with any type of bicycle. It can be used on mountain bikes, road bikes, and even BMX bikes. The importance of the Universal Wheel is that it allows cyclists to use the same wheel for all types of bicycles, which makes it more convenient and easy to use.
Nylon:
Nylon is a polymer and it's the second most consumed synthetic after polyester. It has high tensile strength, good elasticity & low moisture absorbency. Nylon can be processed into fibers or films which are used in various end-use industries including packaging, automotive & transportation and textiles among others.
Polurethane:
Polurethane, also known as polyurethane (PU) or plastic foam is a closed-cell polymer that is primarily used for insulation in various end-use industries. Polurethanes are produced by the reaction of phthalic anhydride and urethaneogenically derived monomers via a catalytic process.
Application Insights:
The machinery equipment segment dominated the global universal wheel market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for heavy-duty machinery and equipment across several end-use industries such as construction, mining, automotive and transportation. In addition, a number of players have been focusing on manufacturing products that are lightweight but strong enough to withstand extreme conditions such as heat & cold. These factors are expected to drive product demand over the forecast period.
Electronic equipment is anticipated to witness significant growth over the forecast period owing to rising consumer spending on advanced technology products and appliances including smartphones, wearable devices and smart home systems which use various electronic components made using different materials such as glass fiber reinforced polymers (GFRP), aluminum alloys (Al) along with other metals & alloys (OEMs).
Regional Analysis:
Asia Pacific dominated the global universal wheel market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of key manufacturers such as Nidec Corporation, Japan; Zhejiang Geely Holding Group Co., Ltd., China; and Jinan Geely Company Limited, China. The region is expected to witness significant growth over the forecast period owing to increasing demand for lightweight vehicles coupled with rising disposable income and urbanization trends across emerging economies including India, Indonesia, Vietnam among others.
The Asia Pacific universal wheel market is anticipated to grow at a CAGR exceeding 6% from 2018 to 2030 owing to growing industrial activities along with an increase in government initiatives for manufacturing electric vehicles across countries such as India and China among others. In addition, supportive policies framed by governments are likely drive regional growth over the next eight years or so.
Growth Factors:
- Increasing demand for automobiles
- Rising disposable income of consumers
- Technological advancements in the automotive industry
- Growing popularity of luxury cars and SUVs
- Proliferation of online sales channels
Scope Of The Report
Report Attributes
Report Details
Report Title
Universal Wheel Market Research Report
By Type
Nylon, Polurethane, Rubber, Others
By Application
Medical Equipment, Electronic Equipment, Machinery Equipment, Logistics Equipment, Others
By Companies
Rotacaster, AndyMark, Kuka, West Coast Products, HAION Caster, Robokits India, Sisiku, Wanda Tool
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Universal Wheel Market Report Segments:
The global Universal Wheel market is segmented on the basis of:
Types
Nylon, Polurethane, Rubber, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Equipment, Electronic Equipment, Machinery Equipment, Logistics Equipment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Rotacaster
- AndyMark
- Kuka
- West Coast Products
- HAION Caster
- Robokits India
- Sisiku
- Wanda Tool
Highlights of The Universal Wheel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Nylon
- Polurethane
- Rubber
- Others
- By Application:
- Medical Equipment
- Electronic Equipment
- Machinery Equipment
- Logistics Equipment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Universal Wheel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Universal Wheel is a company that manufactures and sells electric scooters.
Some of the major companies in the universal wheel market are Rotacaster, AndyMark, Kuka, West Coast Products, HAION Caster, Robokits India, Sisiku, Wanda Tool.
The universal wheel market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Universal Wheel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Universal Wheel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Universal Wheel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Universal Wheel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Universal Wheel Market Size & Forecast, 2020-2028
4.5.1 Universal Wheel Market Size and Y-o-Y Growth
4.5.2 Universal Wheel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Nylon
5.2.2 Polurethane
5.2.3 Rubber
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical Equipment
6.2.2 Electronic Equipment
6.2.3 Machinery Equipment
6.2.4 Logistics Equipment
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Universal Wheel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Universal Wheel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Nylon
9.6.2 Polurethane
9.6.3 Rubber
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical Equipment
9.10.2 Electronic Equipment
9.10.3 Machinery Equipment
9.10.4 Logistics Equipment
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Nylon
10.6.2 Polurethane
10.6.3 Rubber
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical Equipment
10.10.2 Electronic Equipment
10.10.3 Machinery Equipment
10.10.4 Logistics Equipment
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Nylon
11.6.2 Polurethane
11.6.3 Rubber
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical Equipment
11.10.2 Electronic Equipment
11.10.3 Machinery Equipment
11.10.4 Logistics Equipment
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Nylon
12.6.2 Polurethane
12.6.3 Rubber
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical Equipment
12.10.2 Electronic Equipment
12.10.3 Machinery Equipment
12.10.4 Logistics Equipment
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Nylon
13.6.2 Polurethane
13.6.3 Rubber
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical Equipment
13.10.2 Electronic Equipment
13.10.3 Machinery Equipment
13.10.4 Logistics Equipment
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Universal Wheel Market: Competitive Dashboard
14.2 Global Universal Wheel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rotacaster
14.3.2 AndyMark
14.3.3 Kuka
14.3.4 West Coast Products
14.3.5 HAION Caster
14.3.6 Robokits India
14.3.7 Sisiku
14.3.8 Wanda Tool
