Automotive fifth wheel coupling refers to a vehicle connecting component used for connecting a tractor unit with the semi-trailer, towing truck, and the dolly or the leading trailer in vehicles that are expected to possess high load carrying capacities. This sort of coupling provides towing constancy to the vehicle and is often found in recreational trailers as well. The global market for automotive fifth wheel coupling is expected to expand at a promising pace in the next few years.
The increased focus on the safety of goods transported in trailers, increased demand for reducing damage of goods transported, and the vast rise in regional transport of goods in the past few years has necessitated the development of advanced fifth wheel coupling systems. The trend is expected to remain strong in the near future as well, driving the demand for more advanced fifth wheel coupling units for vehicles in the next few years.
Global Automotive Fifth Wheel Couplings Market: Factors Influencing Demand
Automotive fifth wheel couplings are witnessing significant demand due to implementation of advanced technologies to improve product quality and compliance with government regulations and policies to meet emission standards. Adoption of improved material technology in the manufacturing of automotive components increases load capacity and strength of components.
The augmented load capacity of fifth wheel coupling results in increasing productivity, which is likely to bolster growth of global automotive fifth wheel coupling market. Additionally, automotive fifth wheel coupling are comparatively light in weight and are ideal to improve durability and performance of vehicle. To achieve fuel economy, manufacturers are expected to adopt fifth wheel couplings.
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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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Global Automotive Fifth Wheel Couplings Market: Opportunities for Market Participants
According to Recreation Vehicle Industry Association, RV shipments has been witnessing significant growth since the industry has bounced back from the effects of great recession. RV industry is witnessing high y-o-y growth from past 6 years and is likely to continue its expansion. This is likely to positively influence the growth of automotive fifth wheel coupling market. As fifth wheel couplings can haul heavy loads that tradition hitch setup, demand for fifth wheel couplings is high from recreation vehicle industry.
Due to boom in e-commerce industry, need for heavy commercial vehicles are witnessing high demand as transportation of goods has been increased. Increasing disposable income and ease of purchasing goods at one swipe is likely to fuel growth of ecommerce industry, which will ultimately increase sales of heavy commercial vehicles, resulting in growth of global fifth wheel coupling market.
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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