Terminal Tractor Market Insights, Trends Sales, Supply, Demand 2020-2030

Fact.MR delivers key insights on the terminal tractors market in its published report, titled “Global Terminal tractors: Industry Analysis and Opportunity Assessment, 2019–2029”. In terms of revenue, the global terminal tractors market is foreseen to grow at a CAGR of 3.5% across forecast period, owing to numerous factors, about which FACT.MR offers thorough insights and forecasts in this report.

The global terminal tractors market is classified on the basis of fuel type, product type, end use, ownership, application and region. In terms of fuel type, global terminal tractors market can be further classified as conventional fuel, alternative fuel (CNG/LNG) and electric terminal tractors. The conventional fuel and alternative fuel segment (CNG/LNG) can further classified as below 200 HP and above 200 HP. Owing to the better price to performance ratio, terminal tractors operated by conventional fuel appears to be the most remunerative segment in the global terminal tractors market.

The segment is foreseen to create overall incremental opportunity of over US& 61 Mn in global terminal tractor market by the end of the forecast period. Increasing fuel prices and stringent emission norms are some of the factors fueling the demand of electric terminal tractors. Electric terminal tractors is anticipated to register fastest growth over the forecast period. Furthermore, below 200 HP sub-segment remains the most preferred terminal tractor.

On the basis of end use the global terminal tractors market is further segmented as port terminal applications, intermodal facility and other application. The port terminal segment is to account for maximum share and expected to remain dominant over the forecast duration. Collectively, intermodal facility and other segment is foreseen to create incremental opportunity of around US$ 111.9 Mn by the end of forecast duration. In order to boost the work efficiency along with reduction of human errors, the adoption of automated terminal tractors is foreseen to auger well in the global terminal tractor market. The automated terminal tractors is foreseen to grow twice as fast as of the conventional segment.

The global terminal tractors market is divided into seven geographies: North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa. North America appears to be the dominant among all the region in the global terminal tractor market. East Asia is foreseen to witness fastest growth over the forecast period in the global terminal tractor market.

Key Segments of Terminal Tractor Market

Fact.MR’s study on the terminal tractor market offers information divided into five key segments – fuel, end use, product, ownership, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories for the better understanding of readers.

Fuel

• Conventional Fuel
  • Below 200 HP
  • Above 200 HP
• Alternative Fuel (CNG/LNG)
  • Below 200 HP
  • Above 200 HP
• Electric

End Use

• Port Terminals
• Intermodal Facilities
• Other Applications

Product

• Conventional
• Automated

Ownership

• Rental
• Industrial & Commercial

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa (MEA)

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