Terminal Tractors Market 2021 Top Manufacturers, Industry Share, Regional Investments and Future Trends by 2028

(The Express Wire via Comtex)

The global terminal tractors market is likely to gain impetus from the high demand for efficient cargo-handling solutions across local distribution, terminals, ports, and ships. This information is published byFortune Business Insights™in an upcoming report, titled, “Terminal Tractors Market Analysis, Share and Industry Analysis, By Drive Mode (4*2, 6*4, Others), By Fuel Type (Diesel, CNG, Electric, Hybrid), By Technology (Manual, Autonomous, Semi-autonomous), By Application (Airport, Marine, Logistics, Others) and Regional Forecast, 2020-2027.” The report further states that terminal tractors have high reliability, provide excellent maneuverability, can move bulky goods efficiently, and provide fast turnaround time.

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Some of the Key Questions Answered in this Report:

  • Detailed Overview of Terminal Tractors Market will help deliver clients and businesses making strategies.
  • Influencing factors that are thriving demand and latest trends running in the market.
  • Market forecast for global Terminal Tractors Market split into segments like region, product, applications, end-user, technology, etc.
  • What trends, challenges and barriers will impact the development and sizing of the Global Market?
  • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
  • What is the Terminal Tractors Market growth momentum or market carries during the forecast period?
  • Which region may tap the highest market share in the coming era?
  • Which application/end-user category or Product Type may seek incremental growth prospects?
  • What focused approach and constraints are holding the Terminal Tractors Market demand?

Drivers and Restraints-

Rising Concern about Warehouse Management to Surge Demand

The rising trade volume across the globe is set to propel the terminal tractors market growth. Apart from this, warehouse operators and owners are concerned about warehouse management nowadays. The rising usage of e-commerce platforms is compelling the owners to shift towards automation handling from manual processes for balancing the supply chain ecosystem. Also, the evolution of semi-autonomous and autonomous processes is expected to surge the demand for terminal tractors. This is happening because of the urgent need to move products easily across all the accessible service points. However, frequent fluctuations in the freights at port-to-port results may raise the cost of the overall consignment. This factor may hinder growth.

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This Report Answers the Following Questions:

  • Which companies are set to generate the largest revenues?
  • What are the historical, present, and estimated sizes of the Terminal Tractors Market?
  • How will the outbreak of the COVID-19 pandemic affect the market in near future?
  • What are the significant strategies followed by key players to surge sales of terminal tractors?

Regional Analysis-

Emergence of Industry 4.0 and Smart Factories to Spur Growth in Asia Pacific

Geographically, North America is anticipated to lead throughout the forthcoming years by generating the largest terminal tractors market share. This growth is attributable to the presence of numerous third-party logistics solutions providers and reputed manufacturers in this region. Besides, the rising usage of automated warehouses solutions and increasing number of distribution centers in the U.S. are likely to aid growth.

Asia Pacific, on the other hand, is set to grow significantly backed by the expansion of the e-commerce industry. Coupled with this, the presence of several container ports, unorganized, and organized companies in China would bolster the demand for terminal tractors in this region. In addition to this, the emergence of smart factories and Industry 4.0 in this region is making the distribution centers and warehouse owners install terminal tractors for managing the operational workflow.

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Competitive Landscape-

Key Companies Aim to Engage in Signing New Agreements to Strengthen Position

The market for terminal tractors is fragmented with the presence of numerous reputed companies. They are mainly engaging in signing agreements with the other key players to improve their existing fleet. Some of the others are trying to gain new orders from renowned firms to strengthen their positions. Below are two latest industry developments:

  • August 2020: Kalmar signed an agreement with Saigon Newport Corporation (SNP) to provide Kalmar Essential Terminal Tractor TL2. It would provide 25 units of the product at the Cat Lai Terminal. They would eventually replace the company’s pre-existing terminal tractor fleet.
  • August 2020: Kenya Ports Authority (KPA) invested Sh273.4 million on 30 terminal tractors. This new deal would boost the cargo handling capacity at the Inland Container Depot, Nairobi and the Port of Mombasa.

Fortune Business Insights™ presents a list of all the major terminal tractors manufacturers operating in the global market. They are as follows:

  • Kalmar
  • TICO TRACTORS
  • AUTOCAR, LLC.
  • TERBERG SPECIAL VEHICLES
  • Konecranes
  • MAFI Transport-Systeme GmbH
  • Hoist Material Handling, Inc.
  • Mol
  • Orange EV.
  • Other key market players

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Press Release Distributed by The Express Wire

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