(MENAFN- Ameliorate Digital Consultancy)
The fifth wheel coupling market refers to the market for couplings used to connect the trailer of a semi-trailer truck to the tractor unit. These couplings, also known as fifth wheels, are designed to transmit the weight of the trailer and its load to the tractor unit and are an essential component of the overall semi-trailer truck market.
The global fifth wheel coupling market is expected to experience strong growth in the coming years, driven by factors such as the increasing demand for goods transportation, the growth of the commercial trucking industry, and the introduction of new technologies and materials in the coupling industry.
To remain 'ahead' of your competitors, request for a Sample @
There are various types of fifth wheel couplings available in the market, including standard couplings, lightweight couplings, and heavy-duty couplings. These couplings are typically made of materials such as steel or aluminum and are designed to withstand the high loads and stresses encountered during transportation.
The fifth wheel coupling market is highly competitive, with a large number of manufacturers offering a range of products to meet the needs of different customers. Major players in the market include Jost, SAF-Holland, and Fontaine Fifth Wheel.
In recent years, the market has seen the introduction of new technologies, such as automated coupling systems and advanced materials, which have the potential to improve the performance and reliability of fifth wheel couplings. The use of these technologies is expected to increase in the coming years as manufacturers seek ways to improve the efficiency and cost-effectiveness of semi-trailer trucks.
Advanced Material Technology Positively Impacting the Global Fifth Wheel Coupling Market
The adoption of advanced material technology in automobile components increases the load capacity as well as strength of the component. The increased load capacity of fifth wheel couplings results in increasing productivity, which in turn is expected to fuel the growth of the fifth wheel coupling market in the coming years. Moreover, stringent emission standards in countries, such as Germany, the U.K. and Italy, are compelling automotive manufacturers to make fuel efficient vehicles. To achieve fuel economy, auto makers are trying to reduce the weight of vehicles and their components, which will support the demand for light weight automotive fifth wheel couplings. These advanced material fifth wheel couplings are relatively light weight and hence, improve the durability and performance of vehicles. These features are expected to propel the growth of the fifth wheel coupling in the market in the coming years.
Global Fifth Wheel Coupling Market: Segmentation and Forecast
The global fifth wheel coupling market is segmented on the basis of product type, operation, capacity, sales channel and region.
By product type, the semi oscillating segment was estimated to be valued at nearly US$ 294 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 445 Mn in 2025, displaying a CAGR of 5.3% during the period of assessment 2017-2025. By operation, the mechanical segment is expected to reach a valuation of nearly US$ 460 Mn in 2025, exhibiting a CAGR of 4.7% during the period of forecast. By capacity, the below 20 tons segment was estimated to be valued at nearly US$ 75 Mn in 2017 and is likely to reach a valuation of nearly US$ 110 Mn in 2025. By sales channel, the OEM segment is anticipated to exhibit a CAGR of 5.3% during the period of forecast. By region, the Asia Pacific fifth wheel coupling market was estimated to be valued at nearly US$ 181 Mn in 2017 and is anticipated to reach a valuation of US$ 310 Mn in 2025.
For critical insights on this market, request for customization here @
Global Fifth Wheel Coupling Market: Competitive Landscape
In this report, some of the key players functioning in the global fifth wheel coupling market have been profiled, which include players such as SAF-Holland S.A, JOST Werke AG, Guangdong Fuwa Engineering Group Co., Ltd., Sohshin Co. Ltd., Zhenjiang Baohua Semi-Trailer Parts Co. Ltd, Fontaine Fifth Wheel, Tulga Fifth Wheel Co., RSB Group, Hunger Hydraulics Group, ACCL (PL Haulwel Trailers), TITGEMEYER Group, FOSHAN YONGLITAI AXLE CO.,LTD., Xiamen Wondee Autoparts Co., Ltd., Shandong Fuhua Axle Co., Ltd. and Land Transport Equipment Co.,Ltd.
Buy Full Report Now and Get Up to 20% Discount @
For More Related Sources –
About us: –
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
Contact Us:
Persistence market research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales –
Germany Office:
Persistence Market Research
Potsdamer Platz 10 Haus 2, 5th Floor Berlin,
Germany 10785
Call +1 888-863-4084
Comments
No comment