Increase in cargo transportation and the need for handling rising cargo volumes is expected to drive the market for terminal tractor while increasing stringency in emission regulations to drive the demand for electric and hybrid equipment. The terminal tractor market is projected to grow at a CAGR of 4.1%, during the forecast period, to reach a market size of USD 832 million by 2027, from an estimated USD 603 million in 2019. Increasing focus on port automation and growing seaborne trade are the key drivers for this market. Alternatively, the high capital costs of container handling equipment and lack of synchronization among different equipment can hinder the growth of the market.
The 50-100 tons segment is estimated to be the largest market during the forecast period. The 50-100 tons segment is estimated to be the largest market during the forecast period.According to MarketsandMarkets analysis, of the total number of terminal tractor sold in 2018, around 50%, were in the 50-100 tons range.
The above 100 tons segment is expanding at a sluggish pace owing to its very high load carrying capacity, which has limited applications.The between 50 to 100 tons segment is developing at a more rapid pace than the other segments and is likely to hold a notable share of the market by the end of the forecast period.
Growing containerized traffic in this capacity range at key port terminals is expected to drive the 50-100 tons terminal tractor market.
The 4*2 segment is projected to be the fastest-growing market for the terminal tractor market, by axle type.
The 4*2 terminal tractor is estimated to be the fastest-growing market over the forecast period.It is also expected to be the largest market for the terminal tractor over the forecast period.
As per port equipment manufacturing association, the 2017 global demand for 4*2 terminal tractors increased by 6% over 2016.Increased delivery numbers were in Asia Oceania, Middle East, and Africa.
Due to the high cost of the 4*4 terminal tractor, its demand is low compared to 4*2 types of the terminal tractor.
Europe: The largest terminal tractor market from 2017 to 2027. The market in Europe is expected to lead the terminal tractor market, in terms of value, during the forecast period.Countries such as Germany, France, UK, and Spain are the key markets for terminal tractors.
As per the port equipment manufacturing association (PEMA), in 2017 deliveries of the terminal tractor in Europe was the highest compared to other regions.In Europe, marine activities have long been drivers of economic growth, providing natural resources & access to trade & transport, and opportunities for recreation.
Maritime activities today remain essential to the economy and society in general, with high expectations for future growth, and it is expected to be the driving force behind Europe’s terminal tractor market.
BREAKDOWN OF PRIMARIES The study contains insights provided by various industry experts, ranging from terminal tractor manufacturers, shipping authorities, and distributors. The break-up of the primaries is as follows: • By Company Type: Terminal Tractor Manufacturers- 52%, Shipping Authorities- 26%, and Distributors- 22% • By Designation: C-level- 55%, D-Level- 38%, and Others-7% • By Region: North America - 35%, Europe- 35%, Asia Oceania- 20% and RoW- 10%
The report provides detailed profiles of the following companies: • Kalmar (Finland) • Konecranes (Finland) • Terberg (Netherlands) • Liebherr (Switzerland) • Hyster (US) • Sany (China) • CVS Ferrari (Italy) • MOL CY (Belgium) • Volvo (Sweden)
Research Coverage The primary objective of the study is to define, describe, and forecast the terminal tractor market by type, tonnage capacity, propulsion type, Application, and region.It analyzes the opportunities offered by various segments of the market to stakeholders.
It tracks and analyzes competitive developments such as market share analysis, expansions, joint ventures, acquisitions, and other industrial activities carried out by key industry participants.
Key Benefits of Buying the Report • The study provides qualitative and quantitative analyses of the terminal tractors types represented in terms of volume (Units) and value (USD million) • The report will help market leaders and new entrants in by providing them the closest approximations of the revenue numbers for the overall vehicle electrification market and sub-segments • The ten key companies that have a significant impact on the market have been profiled along with their financial structures, recent developments, and product portfolios. • The report covers the competitive landscape, which reflects the market share analysis of leading players along with the dominant strategies adopted by these stakeholders to retain their positions.
Our reports have been used by over 10K customers, including:
Increase in adoption of IoT devices by major shipping companies to drive the growth of the smart container market. The smart container system market is estimated to grow from USD 2.6 billion in 2019 and projected to reach USD 5.7 billion by 2024; it is expected to grow at a CAGR of 16.9% from 2019 to 2024. The most significant...
156 pages •
By Infiniti Research Limited
• Dec 2019
Global Cross-border E-commerce Logistics Market: About this market This cross-border e-commerce logistics market analysis considers sales from transportation, warehousing, and other services. Our study also finds the sales of cross-border e-commerce logistics in APAC, Europe, MEA, North America, and South America. In 2019,...
The logistics industry is inundated with challenges which have given rise to disruptive technologies to overcome them.Key challenges faced by the supply chain logistics industry are: (1) Increasing carbon footprint from transportation (2) High level of transport vehicular emissions (3) Lack of visibility in the supply value chain (4) Increasing...
Stringent emission regulations and growing demand for hybrid vehicles across the world to fuel the demand for VVT & start-stop system. The automotive VVT & start-stop system market is projected to grow at a CAGR of 5.7% reaching USD 85.2 billion by 2027 from USD 54.7 billion from 2019. The major factors responsible...
The Terminal Tractor Market is poised to grow at a CAGR of around XX% over the next decade to reach approximately $XX million by 2028. Some of the prominent trends that the market is witnessing include upgrading automation level of terminal tractors, growing demand in emerging countries and technological developments...
142 pages •
By Infiniti Research Limited
• Dec 2019
Global Terminal Tractor Market: About this market This terminal tractor market analysis considers sales from 4*2, and 4*4 and 6*4 axle types. Our study also finds the sales of the terminal tractor in APAC, Europe, MEA, North America, and South America. In 2019, the 4*2 segment had a significant market share, and this trend...
The global terminal tractor market is estimated to account to US$ 623.8 Mn in 2018 and is expected to grow at a CAGR of 4.5% during the forecast period 2019 – 2027, to account to US$ 908.1 Mn by 2027. the growth of the global terminal tractor market is also led by escalating spending by sectors, such as logistics and distribution. The global...
Market Overview The New Zealand freight and logistics market is expected to witness a CAGR of 2.53% during the forecasted period of 2019-2024. The market is driven by growing demand from population growth, while driver shortage has slowed down the market. - Road freight is the dominant mode of freight transport in...
The increasing vehicle production & focus on light-weighting, fuel efficiency, and technological advancements in the automotive industry are driving the growth of the automotive heat shield market. The global automotive heat shield market size is projected to grow from USD 16.1 billion in 2019 to USD 19.8 billion by 2027, at a CAGR of 2.6%....
84 pages •
By Netscribes (India) Pvt. Ltd.
• Oct 2019
In recent years, logistics automation has emerged as a necessity for companies. Changes in customers’ preferences are resulting in the expansion of product categories, which makes handling them difficult, given the constraints of existing supply chain practices. Customers’ expectations have also increased, with concepts like ‘last-mile delivery’...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.