Automotive fifth wheel coupling is a vehicle connecting component utilized for connecting a tractor, also known as tractive unit, with the towing truck, semi-trailer, and the dolly or the leading trailer in automobiles, which possess high load carrying capacities. The fifth wheel coupling system is widely used to reduce the damage of goods carried and guarantee the safety of products that are transported in the trailers.
MARKET DYNAMICS
The major factors driving the growth of the fifth wheel coupling market are the rising adoption of advanced material technology in automotive components and an increase in demand for advanced coupling systems to reduce damage and offer safety to the goods transported in trailers. Further, the expansion of the industrial sector in developing countries and improvements in road infrastructure are the factors that are anticipated to offer significant opportunities for the fifth wheel coupling market to grow in the coming years.
MARKET SCOPE
The "Global Fifth Wheel Coupling Market Analysis to 2028" is a specialized and in-depth study of the fifth wheel coupling industry with a special focus on the global market trend analysis. The report aims to provide an overview of fifth wheel coupling market with detailed market segmentation by coupling type, material, actuation type, load carrying capacity, and geography. The global fifth wheel coupling market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fifth wheel coupling market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global fifth wheel coupling market is segmented on the basis of coupling type, material, actuation type, and load carrying capacity. Based on coupling type, the market is segmented as compensating fifth wheel, semi-oscillating fifth wheel, and fully oscillating fifth wheel. Based on material, the fifth wheel coupling market is divided into steel and aluminum. On basis of actuation type, the market is bifurcated into hydraulic and pneumatic. Further, based on load carrying capacity the market is segmented as 6 Tons To 20 Tons, 21 Tons To 44 Tons, and 45 Tons & above.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fifth wheel coupling market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The fifth wheel coupling market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting fifth wheel coupling market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the fifth wheel coupling market for each region.
MARKET PLAYERS
The reports cover key developments in the fifth wheel coupling market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from fifth wheel coupling market are anticipated to lucrative growth opportunities in the future with the rising demand for fifth wheel coupling in the global market. Below mentioned is the list of few companies engaged in the fifth wheel coupling market.
The report also includes the profiles of key fifth wheel coupling companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- Fontaine International Corp
- FOSHAN YONGLITAI AXLE CO., LTD.
- Guangdong Fuwa Engineering Group Co., Ltd.
- HUNGER Hydraulics Group
- JOST Werke AG
- Land Transport Equipment Co., Ltd.
- Magnum Trailer and Equipment Inc.
- Sohshin Co., Ltd.
- Tulga Fifth Wheel Co.
- Xiamen Wondee Autoparts Co., Ltd.