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According to the TMR report, the roller market is likely to grow at a CAGR of 5.40% over the forecast period.

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According to the TMR report, the roller market is likely to grow at a CAGR of 5.40% over the forecast period.

        WILMINGTON, Delaware, July 27, 2022 /PRNewswire/ — The global market for roller skates is worth $7.8 billion in 2021. Beginning in 2022, the global market is projected to grow at a CAGR of 5.40% over the forecast period to 2031. It is expected that by 2031 the size of the roller market will reach 13.2 billion US dollars. The increase in the number of casters used in the hospitality and medical industries is the main factor responsible for the rapid growth of the global caster market.
        Trolleys used by resorts and hotels to transport food and luggage for tourists, as well as other equipment such as hospital stretchers, are equipped with casters. This has resulted in new roller manufacturers entering the industry offering specialized services and roller designs, taking advantage of technological advances. Kingpin rollers, an important type of roller, are increasingly being used for heavy duty applications such as material handling in the aerospace and automotive industries, an ongoing trend in the global roller market.
        The market is likely to see an increase in the use of pivot rollers, which use pins or threaded members to hold the swivel components together to reduce the ability of the swivel in high torque applications. By replacing the threaded nuts when the rotating parts are worn, the roller will last longer. To meet the needs of end users, roller suppliers can expand their range of rigid rollers and swivel rollers with innovative designs.
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        Transparency Market Research, registered in Wilmington, Delaware, USA, is a global market research company that provides market analysis reports and business advice. Our exclusive combination of quantitative forecasting and trend analysis delivers forward-looking information to thousands of decision makers. Our experienced team of analysts, researchers and consultants use our own data sources and various tools and methods to collect and analyze information.
        Our data repository is constantly updated and reviewed by a team of expert researchers so it always reflects the latest trends and information. Transparency Market Research has extensive research and analysis capabilities, using rigorous primary and secondary research methods to develop unique datasets and business reporting materials.
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Post time: Mar-31-2023