Fifth Wheel Coupling Market: Technological Advancements Expected To Boost Revenue Growth 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 ...