World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search
Sales in the fifth wheel coupling market stands to grow at 5.7% CAGR between 2021 and 2031 in terms of value. Volume demand is estimated to grow at a CAGR of 5.3% over the forecast period. As per Future Market Insights (FMI), the fifth wheel coupling market represents 4% of the semi-trailer market.
Demand in the construction and mining industries will enable growth in the market. Transportation demand is expected to increase as the mining and petrochemical industries expand, particularly in Europe and the Middle East & Africa. This will fuel the demand for fifth wheel coupling for cost-effective goods movement, as well as increased safety and productivity.
Due to the use of new tech to increase product quality and ensure compliance with government rules and policies with regards to emission-control standards, automotive fifth wheel couplings are in high demand. The use of enhanced material tech in the production of automobile components increases component load capacity and strength.
Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6035
These improvements enable fuel efficiency in vehicles. Furthermore, automotive fifth wheel couplings are relatively small in weight, making them perfect for improving vehicle durability and performance. Fifth wheel connectors are likely to be used by manufacturers to improve fuel economy.
Driven by these developments, the fifth wheel coupling demand will surge in the automotive sector. With focus on emission control expected to skyrocket in the coming years, sales in the fifth wheel coupling market has been projected to surpass US$ 1.0 Bn by 2031.
Key Takeaways from Market Study
“Advancements in materials to produce lightweight and high capacity fifth wheel coupling, high rate of urbanization, trade liberalization among countries, and increasing popularity of semi-trailers for moving cargo will drive the fifth wheel coupling market,” says a Future Market Insights analyst.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-6035
Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-6035
Fifth Wheel Coupling Market Competitive Landscape
Some of the leading players operating in the market are JOST Werke AG, SAF Holland, Foshan Yonglitai Axle Co., Ltd., Xiamen Wondee Auto parts Co., Ltd., Zhenjiang Baohua Semi-Trailer Parts Co. Ltd, Guangdong Fuwa Engineering Group Co., Ltd., Tulga Fifth Wheel Co., Sohshin Co. Ltd, Fontaine Fifth Wheel, RSB Group, Hunger Hydraulics Group, ACCL (PL Haulwel Trailers), Titgemeyer Group, Shandong Fuhua Axle Co., Ltd., Land Transport Equipment Co.Ltd, CM Trailer Equipment Ltd, Horizon Global Corp and others.
Top Reports Related To Automotive Market Insights
Marine Shackle Market is likely to register a CAGR of 3.5% during the forecast period – Comprehensive Research Report by FMI
Automotive Oil Pressure Switch Market is expected to be valued at US$ 9.6 Billion in 2032 - Comprehensive Research Report by FMI
Trim Tabs Market is anticipated to grow at a steady CAGR of over 3.1% during the forecast period from 2022 to 2032 – Comprehensive Research Report by FMI
Front forks Market to reach a valuation of US$ 68.33 Billion by 2032 – Comprehensive Research Report by FMI
Centre High Mount Stop Lamps Market to reach a valuation of US$ 5.27 Billion by 2032 - Comprehensive Research Report by FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Unit No: 1602-006 Jumeirah Bay 2 Plot No: JLT-PH2-X2A Jumeirah Lakes Towers Dubai United Arab Emirates LinkedIn| Twitter| Blogs For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com Website: https://www.futuremarketinsights.com Report: https://www.futuremarketinsights.com/reports/automotive-fifth-wheel-coupling-market Press Release Source: https://www.futuremarketinsights.com/press-release/automotive-fifth-wheel-coupling-market
© Scoop Media Future Market Insights Future Market Insights is the premier provider of market intelligence and consulting services Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, UAE, and has its global delivery center in India. In addition to these, FMI also carries out business development and client engagement through its US and UK offices. Contact Future Market Insights Website - Reports Link - Published Reports Link - Upcoming Reports Link - Blogs Link - Media Center Event - Growth Opportunities in Vegan and Plant Based
Future Market Insights is the premier provider of market intelligence and consulting services
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, UAE, and has its global delivery center in India. In addition to these, FMI also carries out business development and client engagement through its US and UK offices.
ADC: Statement On The Assassination Of Shireen Abu Akleh Early this morning in Jenin, Occupied Palestine, revered Palestinian voice Shireen Abu Akleh, a Palestinian American journalist for Al Jazeera, was assassinated by Israeli Occupation Forces snipers... More>>
Ukraine: UN Rights Office Probe Spotlights Harrowing Plight Of Civilians Almost 76 days since Russia invaded Ukraine, countless civilians remain caught up in the horror and destruction of war, UN rights investigators said on Tuesday... More>>
UN: Michele Bachelet On Inter-religious Clashes In Ethiopia I am deeply distressed by the recent violent clashes between Muslims and Orthodox Christians in Ethiopia in which at least 30 people were reportedly killed and more than 100 others injured... More>>
UN: Biodiversity And Ecosystem Protection Highlighted On Mother Earth Day
Marking International Mother Earth Day, UN General Assembly President Abdulla Shahid urged on Friday, for collective action to safeguard biodiversity and protect ecosystems... More>>
Ukraine: Hundreds More Reach Safety After Fleeing Besieged Mariupol In Ukraine, humanitarians said on Wednesday that hundreds of people have managed to reach safety after fleeing Mariupol, where there’s also been condemnation for the killing of Lithuanian filmmaker Mantas Kvedaravicius... More>>
Oilprice.comDemocracy NowRaw StoryIndymedia (Global)Google NewsSlashdotGuardian NewspaperThe IndependentWashington PostNew York TimesBBC NewsAl JazeeraThe Huffington PostCouncil on Hemispheric AffairsGreen Peace