As of 2023, the import value of castors of base metal to the US stood at $125 million. Forecasts indicate a gradual increase, reaching approximately $132.32 million by 2028. Year-on-year, the forecast shows modest growth in imports: a 1.15% increase projected for 2024, a 1.16% increase for 2025, a 1.11% increase for 2026, and a 1.05% increase for 2027. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is projected to be approximately 1.13%.
Future trends to watch for:
- The impact of technological advancements in manufacturing affecting local vs. imported castors.
- Potential trade policy changes or tariffs influencing import costs.
- Shifts in consumer demand for adjustable and mobility equipment in key sectors such as healthcare and logistics.