Fifth Wheel Coupling Market to Grow at 5.4% CAGR through 2025, Asia Pacific to be a Lucrative Market

A new research study titled “Global Market Study on Fifth Wheel Coupling: Mechanical Operations Segment Anticipated to Drive Global Market Growth During 2017 – 2025” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the research study, the fifth wheel coupling market is likely to surpass US$ 700 Mn by 2025, growing at a CAGR of 5.4% during the assessment period.

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The report begins with an overview of the market, giving an overview of the key market conditions. The overview is followed by detailed qualitative analysis, with information on the drivers, restrains, threats, and opportunities impacting the market. The market dynamics part is a valuable source of information that offers readers in-depth, fact-based commentary on the key factors. In addition to the qualitative analysis, the report also offers historical assessment for the year 2012-2016, and forecast for the period 2017-2025. The forecast is offered on the basis of both revenues. The production volume and the subsequent revenues since 2012 have been offered to readers.

The information offered in the study has been compiled from reliable and trusted sources. The research methodology used to get data and projections is robust and has been aimed to get reliable insights on the market. The primary and secondary insights are result-oriented and accurate. Decision-makers in end-use industries have been consulted to arrive at concrete insights on the future growth of the market.

The market has been segmented on the basis of product type, operation, capacity, sales channel, and region. By product type, semi-oscillating segment is likely to witness steady growth, and is likely to grow at 5.3% CAGR during the assessment period. By operation, mechanical segment is likely to witness steady growth and expand at a CAGR of 4.7% during the assessment period. OEM continue to be one of the leading sales channels, and the trend is likely to continue during the assessment period.

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According to the report, Asia Pacific will continue to be one of the leading markets for fifth wheel coupling devices market globally. The demand for fifth wheel coupling devices will remain robust in India and China. These two countries lead in terms of consumption and production of fifth wheel coupling devices.

The report also profiles some of the leading players in the fifth wheel coupling devices market. Some of the key companies in the market include SAF-Holland S.A, JOST Werke AG, Sohshin Co. Ltd., Xiamen Wondee Autoparts Co., Ltd., TITGEMEYER Group, Guangdong Fuwa Engineering Group Co., Ltd., Zhenjiang Baohua Semi-Trailer Parts Co. Ltd, Fontaine Fifth Wheel, Tulga Fifth Wheel Co., ACCL (PL Haulwel Trailers), FOSHAN YONGLITAI AXLE CO.,LTD., RSB Group, Hunger Hydraulics Group, Shandong Fuhua Axle Co., Ltd. and Land Transport Equipment Co.,Ltd

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This release was published on openPR.