Persistence Market Research presents a new report
titled ‘Fifth Wheel Coupling Market: Global Industry
Analysis 2012 – 2016 and Forecast 2017 – 2025’ that studies the
performance of the global fifth wheel coupling market over an eight year
assessment period from 2017 to 2025.
This report provides in depth study of “Fifth
Wheel Coupling Market” using SWOT analysis i.e. Strength,
Weakness, Opportunities and Threat to the organization. The Fifth Wheel
Coupling Market report also provides an in-depth survey of key players in the
market which is based on the various objectives of an organization such as
profiling, the product outline, the quantity of production, required raw
material, and the financial health of the organization.
The report presents the value and volume forecasts of the
global fifth wheel coupling market and provides important insights
into the factors driving market growth as well as the factors restricting
market growth. As per the assessment of Persistence Market Research, the global
fifth wheel coupling market was estimated to be valued at nearly US$ 460 Million in 2017 and is
anticipated to touch a valuation of nearly US$
700 Million in 2025 and in the process exhibit a CAGR of 5.4% during the period of forecast 2017-2025.
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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.
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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.
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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.
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