Global Automotive Fifth Wheel Coupler Market 2016-2020
About Fifth-Wheel Coupling
The fifth-wheel coupling of the fifth wheel is a mechanical arrangement that provides the link between an articulated semi-trailer and the towing unit, tractor unit, leading trailer, or dolly. The coupling consists of a kingpin of 50.8-88.9 mm in diameter with a steel pin on the front of the semi-trailer and a horseshoe-shaped coupling equipment called a fifth wheel on the rear end of the towing unit. The surface of the semi-trailer (with the kingpin at the center) turns against the surface of the altered fifth wheel, which does not pivot. To lessen rubbing, oil is added to the surface of the fifth wheel.
Technavio’s analysts forecast the global automotive fifth-wheel coupler market to grow at a CAGR of 7.3% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive fifth-wheel coupler market for 2016-2020. To calculate the market size, the report uses a top down approach where the market is derived from the overall automotive fifth-wheel coupling application volumes
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Fifth-Wheel Coupler Market 2016-2020
Technavio recognizes the following companies as the key players in the global automotive fifth-wheel coupler market: Fontaine Fifth Wheel, Hitch Corner, SAF-HOLLAND, and JOST.
Other Prominent Vendors in the market are: Eidal International, and Tulga Fifth Wheel.
Commenting on the report, an analyst from Technavio’s team said: “Armored fifth-wheel designs for yard tractors will be a key trend for market growth. In the era of technological advances in fifth-wheel designs and configurations, Fontaine Fifth Wheel has introduced the Armor fifth-wheel for yard tractors. It is designed in a way that makes it stronger and simpler, and is protected from kingpin impairment. It can be ordered on new tractors or can be fitted to existing competitor brackets in the aftermarket. It is designed from the ground up to meet the unique demands of the market after a thorough life cycle testing at the company's R&D center in the US.”
According to the report, one of the key drivers for market growth will be increased agricultural practices leading to automation in farming. The demand for global agricultural equipment has fluctuated since the 2008 recession, but the market was flat in terms of production as well as revenues — especially in developed regions — but, demand remained positive in emerging nations. While the market felt the effects of the recession till late 2011, it witnessed significant growth in 2013 and 2014; however, the demand for agriculture equipment declined in 2015.
Further, the report states that given that fifth-wheel couplings are safety critical items, they should be visually inspected regularly as part of driver's daily walk-around check. Checking lubrication and visual inspection is the minimum requirement that can ensure that there are no evident bends and cracks and all the bolts holding the coupling onto the tractor unit are present. They should be treated in the same way as the vehicle's braking, suspension, and steering systems. Hence, we believe that such lack of proper inspection and service procedure questions the safety of the vehicle and challenges the growth couplings in the global market.
Fontaine Fifth Wheel, Hitch Corner, SAF-HOLLAND, JOST, Eidal International, Tulga Fifth Wheel.
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