Fifth Wheel Coupling Market for Automotive
Added: (Wed Jan 16 2019)
Pressbox (Press Release) -
Transparency Market Research (TMR) provides key insights on the fifth wheel coupling market for automotive in its latest report titled “Fifth Wheel Coupling Market for Automotive: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.” According to the report, rapid expansion of construction and agricultural industries is predicted to propel the fifth wheel coupling market for automotive during the forecast period.
The report has segmented the global fifth wheel coupling market based on coupling mounting type, coupling type, material, operation, load carrying capacity, application, and number of pins, sales channel, and region. In terms of load carrying capacity, the global fifth wheel coupling market is split into five segments. The load carrying capacity of fifth wheel varies according to the carrying vehicle type. Fifth wheel coupling with capacity between 45 to 75 tons is utilized for transportation of extremely heavy goods, as it can handle extremely heavy loads such as heavy vehicles.
On the basis of application, the global fifth wheel coupling market is bifurcated into three segments. Fifth wheel couplings having low capacity are preferred for light-duty applications, while fifth wheels with higher load carrying capacity are preferred for heavy-duty applications. In terms of number of pin, the global fifth wheel market can be divided into two segments. Fifth wheel coupling with two kingpins is preferred for heavy-duty applications. Fifth wheel couplings with two kingpins ensure safety of the goods or commodity being transported. Therefore, these are widely employed while transporting extremely heavy loads such as earthmoving equipment and heavy machinery.
In terms of sales channel, the global fifth wheel coupling market is split into two segments. OEM is a leading segment of the market, as OEM-provided fifth wheel couplings are widely preferred by commercial vehicle users owing to their rigidity and reliability. Based on region, the global fifth wheel coupling market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is home to significant construction, mining, and agricultural industries and hence, the region witnesses a significant demand for fifth wheel couplings. The region has huge number of light-, medium-, and heavy-duty vehicles; therefore,
Likewise, Australia, New Zealand, and South Africa possess significant mining and construction industries that are expanding at a steady pace. Therefore, these nations are likely to witness surged demand for fifth wheel couplings during the forecast period. Prominent players operating in the global fifth wheel coupling market are included in this report to give a better competitive landscape and these are SAF-HOLLAND S.A., JOST-Werke Deutschland GmbH, SOHSHIN Co.,Ltd., Tulga Fifth Wheel Co., Trailcon Oy, Fontaine Fifth Wheel, RSB Group, ATP Exodus, Tidd Ross Todd Ltd, ACCL, and Konecranes.
For more information on Fifth Wheel Coupling Market for Automotive , please visit website of transparency market research.
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