Fifth Wheel Coupling Market: Study Top Key Players, Application, Growth Analysis And Forecasts To 2019 - 2027

 According to the report, in terms of revenue, the global fifth wheel coupling market is estimated to expand at a CAGR of about 4 % during the forecast period. 

Fifth wheel couplings are a cost-effective and reliable component that provide proper coupling between semi-trailers and tractors, pick-up trucks and recreational vehicles, and trucks & tankers. Fifth wheel couplings are mounted at the rear end of the vehicle, such that over the last axle of tractor, truck, and pick-up truck. Semi-trailer or trolleys are attached to the fifth wheel coupling by means of kingpin that is inserted in the fifth wheel coupling.

Therefore, demand for fifth wheel couplings is rising along with the rise in demand for semi-trailers and heavy duty trucks, which is attributed to increase in trade volume due to rise in industrialization and development of road infrastructure across the globe. Moreover, implementation of government norms have led to an increase in the allowable length of medium and heavy duty vehicles in order to curb emission by enhancing vehicle load carrying capacity, which in turn is estimated to fuel the demand for semi-trucks and trailers. 

Request A Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=48747

Sliding fifth wheel couplings are capable of compensating variation in length of semi-trailers or trolleys being attached to them. The sliding fifth wheel coupling allows the user to vary load distribution on the towing tractor or truck, and hence, demand for this coupling is rising among consumers. Moreover, consumer preference for sliding fifth wheel couplings is also attributed to reselling and aftermarket. However, fixed fifth wheel couplings provide a highly rigid coupling between the tractor and semi-trailer, which is capable of handling heavy loads. Moreover, it is less expensive than the sliding fifth wheel coupling and hence, fixed fifth wheel couplings are highly preferred by consumers and fleet operators. Consequently, the fixed segment accounted for a major share of the market, in terms of revenue, in 2018. 

Semi-oscillating type of couplings are highly suitable for trucks and trailers, primarily operating over well-maintained road surfaces. Semi-oscillating couplings are being highly preferred, as most trucks and trailers operate across well-developed road infrastructure. Moreover, semi-oscillating couplings are less expensive than the other types of fifth wheel couplings. Therefore, the semi-oscillating coupling segment held a notable share of the market, in terms of revenue, in 2018.

Steel is a highly preferred material to manufacture fifth wheel couplings. Steel possesses extreme corrosion and wear resistance, and is less likely to bend or deform under varying loads and force. Moreover, it is comparatively less expensive than aluminum and cast iron. Therefore, the steel segment accounted for a prominent share of the market, in terms of revenue, in 2018.