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.
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
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.