Terminal Tractor Market Terminal Tractor Market Worth $828.26 Million By 2028 - Global Opportunity Analysis and Industry Forecast, 2022-2028

Market Overview:
Global Terminal Tractor Market was valued at USD 629.41 million in 2021 and is expected to reach USD 828.26 million by the year 2028, at a CAGR of 4%.
A terminal tractor is a type of semi-tractor used to move semi-trailers within a cargo yard, warehouse, or intermodal facility, similar to how a switcher locomotive is used to position railcars. It is also referred to as a shunt truck, spotter truck, spotting tractor, yard truck, yard shifter, yard dog, yard goat, yard horse, yard jockey, hostler, or mule in the United States. They are referred to as terminal lorries in the UK. The construction of a terminal tractor also provides the driver with a 360-degree view from inside the vehicle.

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Market Dynamics:
Driver:
The industry is expected to grow significantly as economic conditions improve and investments in the manufacturing sector increase in developing countries. Furthermore, the ongoing expansion of Asian nations' automobile industries is promoting the growth of the global terminal tractor market. The global terminal tractor market has been experiencing rapid growth as a result of factors such as the ability to automatically place, pick up, and stack containers, which leads to increased business productivity. The contributions of various regions, as well as the rapid globalization of businesses, have fueled the growth of the global terminal tractor market.

Opportunities:
E-commerce companies are also looking for cost-effective ways to reduce delivery times and handle large orders. Increased e-commerce sales would necessitate the use of more terminal tractors for loading and unloading items in order to reduce turnaround time at distribution centers. As a result, demand for terminal tractors for cargo handling applications is expected to increase during the forecasted period, significantly fueling the market growth. Furthermore, in December 2020, Capacity Trucks and Hyster-Yale Group formed a partnership to meet the growing demand for environmentally friendly terminal tractor solutions in ports, terminals, and distribution centers. Both parties have agreed to work together to create electric and hydrogen-powered terminal tractors with automation capabilities. The first prototypes should be ready for field testing in 2021. These elements create opportunities for market growth.

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Market Segmentation
Segmentation Analysis of Terminal Tractor Market:
Based on the Propulsion, the diesel segment is anticipated to register the maximum market share during the forecast period. High power and load stacking requirements and the cheap cost of diesel make diesel the first choice for equipment producers.

Based on the Ownership, the industrial & commercial segment is expected to dominate the terminal tractor market during the forecast period.

Based on the Tonnage, the 50-100-ton segment is expected to dominate the terminal tractor market over the forecast period. The highest number of equipment utilized for stacking laden containers at port terminals.

Based on the End Use, Inland Waterways & Marine Services segment is expected to record the maximum terminal tractor market share over the forecast period.

By Type
• Manual
• Automated

By Propulsion
• Diesel
• Hybrid
• Electric
• CNG

By Ownership
• Rental
• Industrial & Commercial

By End-Use Industry
• Retail
• Food & Beverages
• Inland Waterways & Marine Services
• Rail Logistics
• Others

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Regional Analysis of Terminal Tractor Market:
Europe is anticipated to be the largest market over the forecast period owing to the presence of robust economies of European countries such as the United Kingdom, Germany, and Spain, along with the presence of major key players of terminal tractors such as Kalmar, Konecranes, MAFI, CVS Ferrari, and MOL CY are serving to the global terminal tractor market through dealer and distribution networks. In addition to this region has a high adoption rate of automation technologies. Equipment with high automation levels raises productivity.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered in Terminal Tractor market are :
• Kalmar
• Orange EV
• TTS
• Terberg Special Vehicles
• Capacity Trucks
• Volvo
• Sany
• Konecranes
• MAFI Transport-Systeme GmbH
• TICO Tractors
• Blyyd
• Crane Carrier Company
• CVS Ferrari
• Terberg
• Hoist Liftruck
• Hyster

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Key Industry Developments In The Terminal Tractor Market
In June 2021, after testing at two customer sites in the Netherlands, the Terberg concept hydrogen terminal tractor finished a test period at the Antwerp Euroterminal in Beveren, Belgium. While the test, a mobile hydrogen filling station was utilized. Terberg Special Vehicles will use the results of these and other tests to clarify the design and build the preproduction series in 2022. Commercial initiation of the hydrogen-powered tractor is planned for 2023.

In May 2021, Kalmar entered an agreement to supply Servicios Portuarios Puerto De Algeciras, S.A. (SPPA) with five units of the Kalmar T2i terminal tractor for its operations in the Port of Algeciras, southern Spain. With concern, it also includes the reclamation of five existing Kalmar terminal tractors operated by SPPA, which was booked in Cargotec's 2021 Q2 order intake, with delivery scheduled for the early part of Q4 2021.

Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures And Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?

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