The report forecasts the global automotive fifth-wheel coupler market to grow at a CAGR of 7.3% during the period 2016-2020.
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.
- Fontaine Fifth Wheel
- Hitch Corner
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by geography
PART 08: Market drivers
PART 09: Market challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/kl4s76/global_automotive
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-automotive-fifth-wheel-coupler-market-2016-2020---increased-agricultural-practices-leading-to-automation-in-farming---research-and-markets-300336306.html
SOURCE Research and Markets