Terminal Tractor Market is poised to expand 1.4X in terms of value, at a CAGR of 3.3% during the forecast period of 2020-2030

Technological advancements such as electrification of terminal tractors and integration of Internet of things (IoT), coupled with rising demand for automation at port terminals, warehouses, and distribution centers, are expected to fuel the adoption of terminal tractors. Further, rising international trade activities are encouraging users to opt for terminal tractors to boost work efficiency and reduce human error. This, in turn, will pave the way for significant opportunities for terminal tractor manufactures, globally.

The global terminal tractor market is expected to create an absolute dollar opportunity of US$ 235 Mn by the end of the forecast period (2020-2030), and surpass a market value of US$ 875 Mn by 2030.

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Terminal Tractor Market – Scope of Report:

A latest publication by Fact.MR on the global Terminal Tractor market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2020-2030.

Important indicators for the successful growth of the Terminal Tractor market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Terminal Tractor supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Terminal Tractor, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Strategic Agreements to Remain Key Strategy in Terminal Tractor Market:

• Key players in the terminal tractor market are Kalmar Inc., REV Group Inc. Terberg Group B.V., Konecranes Oyj, MAFI Transport-System GmbH, CVS Ferrari, Volvo AB, Hoist Material Handling, Inc., Mol CY nv., TICO Terminal Services, and AUTOCAR LLC., among others. Prominent players are continuously focusing on maintaining agreements with several clients to expand their global footprints. Through such agreements, companies are focusing on broadening their customer base and gaining a competitive edge over other players. For instance,
• In 2020, Kalmar Inc., entered into an agreement with Australian company Nyrstar for the supply of heavy terminal tractors. Through this agreement, the company will supply 3 terminal tractors – TR618i, which are designed for moving heavy loads in any condition and also comply with EU Stage V emission norms.
• In 2020, Terberg Group entered into an agreement with the Port of Helsingborg, a Swedish container specialist, for the supply of YT203-EV electric terminal tractors. These electric terminal tractors will have a battery pack capacity of 222 kWh, which will enable the port to save on maintenance and diesel.

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Report benefits & key questions answered

• Post covid consumer spending on Terminal Tractor: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
• Terminal Tractor demand outlook: the market intelligence study reports highlights the factor propelling the demand for Pulse Oximeters. As per the study, the demand for Terminal Tractor will grow through 2030.
• Terminal Tractor historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2020-2030.
• Terminal Tractor consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Terminal Tractor Market Segmentations:

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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