The Market Research Survey by “Fact.MR, A Market Research and Competitive Intelligence Provider” highlights the key reasons behind increasing demand of Automotive Fifth Wheel Coupling. The research provides a comprehensive analysis of Automotive Fifth Wheel Coupling market key trends and major growth avenues. The Automotive Fifth Wheel Coupling Market Survey report highlights the changing revenue share and Automotive Fifth Wheel Coupling market size of key product segments during the forecast period 2021-2031.
For Automotive Fifth Wheel Coupling market forecast, various qualitative and quantitative assessment has been considered such as macro-economic factors includes GDP growth rate, Global population, Global male-female ratio, Global retail sector outlook, total consumer goods market outlook, Global FMCG Industry, total number of households outlook, total expenditure, per capita spending, covid-19 impact, top companies historical data analysis, e-commerce industry outlook, manufacturing industry outlook, global retail sector GVA & growth, consumer price index, the penetration rate of product utilization and their direct application areas at the overall level, and many more.
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Global Automotive Fifth Wheel Couplings Market: Key Developments in Competitive Landscape
JOST India has developed LubeTronic 5Points for fifth gear couplings without top plate liners. The company has integrated remote lubricating system in fifth wheel couplings. With the integration of this lubricating system, lubrication intervals can be customized for use in on-site traffic and long distance traffic. This system provides sufficient lubrication for 1 year and comes with electronic fill level control with an LED display. The lubrication system keeps quantity of grease constant, providing consistent lubrication for the fifth wheel coupling plate and the lockjaw. This system is also suitable for hazardous-cargo vehicles.
However, several safety issue related to fifth wheel couplings have restrained growth of the global fifth wheel safety market. The most common issue with fifth wheel couplings is dropping the trailer. People often forget to latch the coupling pin after hooking the trailer to the truck. This results in slipping of trailer from the fifth wheel and fall into the bed of the towing vehicle.
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Introduction of Artificial Intelligence (AI) Redefining the Consumer Goods Industry
Although artificial intelligence (AI) technology is still in its infancy, but it’s very hard to understate the impact that it is creating on the consumer products industry. Never before could companies gain so much insight into their customers and use that knowledge to create intelligent solutions.
Retail and consumer product organizations are entering a new phase of technological innovation with intelligence automation at its core.
Artificial intelligence (AI) is currently taking retail world by storm. Automotive Fifth Wheel Coupling manufacturers are continuously investing in AI technologies to interact with customers in new and increasingly customized ways as well as to develop advanced products. Fact.MR forecasts that large portion of customer interaction in consumer product industry will be managed by AI by 2031.
Essential Takeaways from the Market Report
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Key questions answered in Automotive Fifth Wheel Coupling Market Survey Report:
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