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The need for robust wheels in the engineering and construction industries has given rise to vulkollan wheels, one of the most performance-induced elastomers in the market. They are high strength and abrasion resistant wheels that provide a good surface polish, weight savings over steel counterparts, and chemical resistance. They are made from using elastomer and unique polyester polyols.
There is increasing demand from countries, such as China and India, owing to their industry progress. Technological developments have resulted in enhanced performance of material handling equipment such as forklifts and trucks. Increasing use of the wheels in the mechanical engineering sectors is estimated to drive the market growth over the forecast period. Various benefits of the wheel systems, such as lightweight nature, abrasion resistance, and load-bearing qualities, are expected to drive the market growth of vulkollan wheels.
According to Business Research Insights, the global vulkollan wheels market size was valued at USD 1.053 billion in 2019 and is expected to reach valuation of USD 1.837 billion by 2025 at a CAGR of 9.71% during the forecast period. The market has leading players such as Finn-Valve Oy, Acorn Industrial Products, Revvo Caster, Wicke, RWM Casters, Brauer, Pleiger, TELLURE, KUNDERT AG, CERVELLATI, and Vulkoprin AG.
Pause on Import and Export Activities to Negatively Affected the Market Growth During COVID-19
The COVID-19 pandemic enforced numerous restrictions on various global markets. The pandemic led to a halt on import and export activities, which affected the industry growth. The mechanical engineering sector was highly influenced due to supply chain disruptions. Lockdowns caused supply chain disruptions in the manufacturing sector. However, there was recovery witnessed in the market during the forecast period.
Business Research Insights States the Top 5 Vulkollan Wheels Companies-
1. Acorn Industrial Products (U.S.)
Acron Industrial Products Co. is an American-based company that provides material handling components. The company focuses on wheels, casters, floor locks, bumpers, leveling jacks, lift tables, wire shelving, and scene shifting dollies. It is one of the leading manufacturers of cast polyamides for any wheel application. The company is located in Pennsylvania, U.S. Its product portfolio includes power transmission, bearings, linear motion, coupling & drives, MRO products, maintenance equipment, and machine automation.
2. Revvo Caster Co. Inc. (U.S.)
Started and established in 1997, Revvo Caster Co. Inc. is a part of the Colson Group, Inc. It is one of the global leading manufacturers of wheels and casters for material handling, industrial products, OEM products, and specialized applications. It holds various patents and is a pioneer in developing robust fabricated caster designs. It offers a wide product range, which includes heavy-duty, light, and medium casters. It also provides low profile casters and specialty casters such as scaffold casters and jacking casters.
3. Pleiger (Germany)
Pleiger Maschinenbau GmbH & Co. KG, traded as Pleiger, was founded in 1925 and is one of the global leaders in electro-hydraulic ship equipment, coke oven valves, centrifugal pumps, and cast products. The company has four sites in Germany along with manufacturing facilities in China, the U.S., and Korea. It provides hydraulic actuators and systems. The company also manufactures gas and air compressors for industrial and marine environments.
4. Vulkoprin AG (Belgium)
Vulkoprin AG was started in 1997, and manufactures polyurethane elastomer products. The company is a family-owned business and has been operating for 55 years.
5. Tellure (Italy)
Tellure Rôta is an Italian company, located in Formigine, Italy. It manufactures and designs castors and wheels for civil, industrial, and domestic appliances. The company was established in 1953 and currently serves 2,000 customers in more than 70 countries. It provides a variety of products that are designed for handling requirements in the institutional, industrial, and furniture sectors. The company also operates in Latin America through its subsidiary Tellure Rôta do Brasil.
Demand for Commercial Vehicles to Boost the Vulkollan Wheels Industry Expansion
The demand from the engineering and construction industries for robust wheels is expected to drive the market growth. The demand for commercial vehicles, such as buses and trucks, has been increasing. Owing to lightweight construction, vulkollan wheels are utilized in mechanical wheels in the manufacturing sector. They are used to reduce cracking in extreme pressure as they are made from cast polyurethanes. They are made using two processes, molding and casting. Easy accessibility of commodity materials and resistance to corrosion are expected to provide a potential for high development.