Growth of Automotive Fifth Wheel Coupling Market Projected to Amplify During 2017 - 2027
The main function of a fifth wheel coupling is providing a link between the towing truck and semi-trailer, leading tracker, dolly or tractor unit. Fifth wheel coupling configuration is used in many camping trailers, which necessitates the coupling to be mounted in the rear of a pick-up truck as a towing vehicle, thus fifth wheel is also represented as campers in the North America region. Fifth wheel coupling consist of a 3 ½ or 2 inch diameter (88.9 or 50.8 mm) vertical steel pin kingpin expanding from the lower part to the front of the trailer. The appearance of a fifth wheel coupling is like a horse-shoe shaped coupling and it is denoted as fifth wheel on the back of a trailer or towing vehicle.
The fifth wheel coupling allows the trailers to slip into the fifth wheel and remain locked into it. Fifth wheel coupling is one of the most reliable towing unit if they are serviced and maintained on time-to-time basis. The connection of the kingpin with the fifth wheel coupling is the only way for the interconnection between the trailer and the vehicle, there is no supplementary device or safety system used. Pintle hooks and couplers are equipped with safety chain so that the trailer remains connected to the fifth wheel while driving on the road. Additionally, Trailer to trailer inter-connection can also be made by using fifth wheels.
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Research and development on automotive fifth wheel coupling and the materials used for its manufacturing are progressing, with an aim to develop more sophisticated automotive fifth wheel coupling, which can be mounted with perfection on vehicles. Moreover, the advancement in material science and technology has enabled the manufacturers to use several metals and composites, with high tensile strength, which increases the operational life of the automotive fifth wheel coupling considerably. Furthermore, novel manufacturing processes, such as additive manufacturing, have enabled manufacturers to produce complex automotive fifth wheel coupling components easily within a shorter time. Also, the market for automotive fifth wheel coupling has witnessed growth as a result of the development and growth in the global automotive sector. The market comprises of rental companies that offer services to the vehicles in case of emergency situations.
Automotive Fifth Wheel Coupling Market dynamics:
Automotive fifth wheel coupling market has lot of scope in the research and development department and is coming with new ideas and innovation. The Automotive Fifth Wheel Coupling market has also been increased due to the development in the heavy transportation sector as the transportation of large quantity of goods from one place to a another place has increased exponentially in the recent times. The increasing standard of living and the comfort level has made the automotive fifth wheel coupling market in great demand and this market will grow even more rapidly in the future.
Automotive Fifth Wheel Coupling Market Segmentation:
By product type of user segments, automotive fifth wheel coupling market can be segmented as:
Fully oscillating fifth wheel
By operation, automotive fifth wheel coupling market can be segmented as:
By capacity in automobiles, Automotive Fifth Wheel Coupling market can be segmented as:
Below 6 tons
Between 6 to 20 tons
Between 21 - 44 tons
Above 45 Tons
By sales channel, automotive fifth wheel coupling market can be segmented as:
OEM (Original Equipment Manufacturer)
Automotive Fifth Wheel Coupling: Regional Outlook:
The market for automotive fifth wheel coupling market is expected to grow at a healthy CAGR during the forecast period. Europe and North America are projected to hold prominent shares in the automotive fifth wheel coupling market owing to the stronghold of large industrial and urban area in these regions. Additionally, boost in automotive and transportation sector in all developed regions has been demonstrating substantial growth in the recent years. Ongoing research, development and innovation for more highly efficient and promising automotive fifth wheel coupling is reflected to be the significant market drivers that will fuel the automotive fifth wheel coupling market growth in these region over the forecast period. Developing nations particularly India, Mexico, Turkey and China, is estimated to important roles in the growth of the automotive fifth wheel coupling market in the near future. Additionally, the consumers have developed a liking to recreational activities such as camping, touring & exploring, etc. thus the automotive fifth wheel coupling market will see rapid growth in all the developed and developing countries in the future.
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Automotive Fifth Wheel Coupling: Key Players
PL Haulwel Trailers (ACCL)
JOST-Werke Deutschland GmbH
Fontaine Fifth Wheel
ATP Exodus (Distributor)
Hunger GmbH & Co Werk für Fahrzeugbau und Mobilhydraulik
Tulga Fifth Wheel Co.
SOHSHIN Co., Ltd.
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