Automotive Fifth Wheel Coupling Market
Automotive Fifth Wheel Coupling Market Analysis By Product (Compensating, Semi-oscillating, Fully-oscillating & Others) By Actuation (Hydraulic Actuators, Pneumatic Actuators & Others) By Tonnage, By Sales Channel and By Region – Global Market Insights 2022 to 2032
Automotive Fifth Wheel Coupling Market Outlook (2022-2032)
The global automotive fifth wheel coupling market is projected to rise at a CAGR of 5.7% over the 2022-2032 forecast period. The market is expected to top a valuation of US$ 1 billion by 2032, up from US$ 575.6 million in 2022.
Collectively, the top three countries leading the global automotive fifth wheel coupling market account for 41.67% market share.
Automotive Fifth Wheel Coupling Market Size (2022E)
US$ 575.6 Million
Forecasted Market Value (2032F)
US$ 1 Billion
Global Market Growth Rate (2022-2032)
North America Market Share (2022)
Europe Market Share (2022)
Key Companies Profiled
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Sales Analysis of Automotive Fifth Wheel Couplings (2017-2021) Vs. Market Outlook (2022-2032)
“Growing Focus on Safety of Goods Transported in Heavy Commercial Vehicles to Drive Demand for Automotive Fifth Wheel Couplings”
According to Fact.MR, a market research and competitive intelligence provider, demand for automotive fifth wheel couplings are projected to rise at a CAGR of 5.7% from 2022 to 2032.
A vehicle connecting part known as an automotive fifth-wheel coupling is used to join a tractor unit with a semi-trailer, a towing truck, and a dolly or the lead trailer in vehicles that are anticipated to have significant weight carrying capacity. This sort of couplings provide 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 over the coming years.
Advanced fifth-wheel connection systems have been required in recent years due to greater attention being paid to the safety of cargo being transported in fifth wheel trailers, increased demand for decreasing cargo damage, and significant growth in regional cargo transport.
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 over the forecast period.
An ultimate function of the fifth wheel coupling is to act as a coupling device between towing vehicles and trailers in heavy commercial vehicles. To increase fuel efficiency and improve the operation of heavy commercial vehicles, manufacturers have installed fifth-wheel couplers in vehicles.
Which Factor Outlines the Demand for Automotive Fifth Wheel Couplings?
“Rising Implementation of Advanced Technologies to Improve Product Quality”
Automotive fifth wheel couplings are witnessing significant demand due to the implementation of advanced technologies to improve product quality and compliance with government regulations and policies to meet emission standards.
The augmented load capacity of fifth wheel coupling results in increasing productivity, which is likely to bolster the growth of the global automotive fifth wheel coupling market. Additionally, automotive fifth wheel couplings are comparatively light in weight and are ideal to improve the durability and performance of vehicles. To achieve fuel economy, manufacturers are expecting the adoption of fifth-wheel couplings.
According to Recreation Vehicle Industry Association, RV shipments have been witnessing significant growth since the industry has bounced back from the effects of the great recession.
This is likely to positively influence the growth of the automotive fifth wheel coupling market. As fifth wheel couplings can haul heavy loads than traditional hitch setups, demand for fifth wheel couplings is high in the recreational off-highway vehicles industry.
An Adaptive Approach to Modern-day Research Needs
How are Emerging Companies Strategizing Their Automotive Fifth Wheel Coupling Market Progress?
“New Market Entrants Focusing on Introducing Superior Automotive Fifth Wheel Coupling Systems”
Start-ups are continuously working on supplying superior automotive fifth wheel coupling systems by utilizing the most recent technology to improve and expand their product lines.
New companies are investing in the development of new products to make a mark in the industry and increase their market revenue. They are giving top priority to creating a wide range of automotive fifth wheel couplings.
The market is expanding as a result of the intense competition that these ongoing research and development efforts are generating among providers for product enhancement.
- California start-up Axicle introduced a fifth-wheel coupling - Trailer Anti Roll System (TARS). It can quickly uncouple a trailer from a semi if it is about to roll over, keeping the tractor with the driver inside from doing the same. When a rollover is about to occur, the system uses sensors to monitor the trailer's roll angle and activates an actuator to disconnect the trailer.
How is the Automotive Fifth Wheel Coupling Market Evolving across Regions?
“Rapid Expansion of Automotive Industry & Rising Need for Fifth Wheel Coupling Devices in North America & Europe”
North America accounts for 33.2% share of the global automotive fifth wheel coupling market. The rapid expansion of the automotive industry, stronger telecommunications infrastructure, and growing usage of premium & high-tech products are driving the market growth in North America.
Rising integration of fifth wheel backup camera systems, rising adoption of advanced technologies, and increasing demand for heavy commercial vehicles are the factors supporting the market expansion.
Europe holds for 28.7% share of the global market. The rapid expansion of the manufacturing industry has increased the demand for transportation. Additionally, the need for fifth wheel coupling devices is rising as a result of expanding urbanization and construction processes. To comply with the stringent emissions requirements, manufacturers in the region are continuously developing lightweight products.
Which Automotive Fifth Wheel Coupling Product is Most Preferred?
“Rapid Deployment of Semi-Oscillating Fifth Wheel Couplings in On-road Trailer Vehicles”
Based on product, the automotive fifth wheel coupling market is classified into compensating, semi-oscillating, fully-oscillating, and others. Demand for semi-oscillating fifth wheel couplings is anticipated to increase at a significant CAGR over the coming years.
Semi-oscillating fifth wheels tilt from edge to edge as the link between the trailer and tractor is modified to navigate curves and turns in the road. Demand for semi-oscillating fifth wheel couplings is rising due to their usage in on-road trailer vehicles.
Additionally, these couplings are significantly more stable than comparable alternatives, making them a trustworthy part of transportation in terms of the security of luggage or other products.
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Automotive fifth wheel coupling manufacturers are continuously concentrating on offering cutting-edge goods and adopting a strategy of forming partnerships and collaborations with other suppliers to offer enhanced automotive fifth wheel couplings.
- In 2022, SAF-Holland S.A, a leading supplier of trailer and truck components, acquired IMS Limited. This acquisition will help in strengthening the market position of the company in the United Kingdom and Ireland.
- In 2022, Fontaine Fifth Wheel launched a new range of automotive fifth wheels for heavy-duty applications. These mounting brackets are available in a wide variety of sizes in both, sliding and stationary configurations.
Segmentation of Automotive Fifth Wheel Coupling Industry Research
Automotive Fifth Wheel Coupling Market by Product :
Automotive Fifth Wheel Coupling Market by Actuation :
- Hydraulic Actuators
- Pneumatic Actuators
Automotive Fifth Wheel Coupling Market by Tonnage :
- 6-20 Tons
- 21-44 Tons
- 45 Tons and Above
Automotive Fifth Wheel Coupling Market by Sales Channel :
Automotive Fifth Wheel Coupling Market by Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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