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Global Terminal Tractor Market to Grow at a CAGR of 4.1% During 2024-2032, Driven by Rising Investment in the Development Of Ports

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Terminal Tractor Market

Global Terminal Tractor Market Size, Growth, Analysis: By Type: Manual, Automated; By Propulsion Type: Conventional Fuel, Alternative Fuel, Electric; By Drive Type: 4 x 2, 4 x 4, 6 x 4; By Application: Airport, Marine Port, Warehouse and Logistics, Oil and Gas; By End Use: Retail, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Terminal Tractor Market Outlook

The global terminal tractor market size attained a value of approximately USD 783.46 million in 2023. The market is further projected to grow at a CAGR of 4.1% in the forecast period of 2024-2032, reaching a value of around USD 1124.79 million by 2032.

 

Key Trends in the Market

A terminal tractor is a type of semi-tractor that is designed to move cargo containers and semi-trailers in spaces such as warehouse facilities, ports, intermodal facilities, truck terminals, and cargo yards. They are primarily used for short distance transportation of cargo containers or semitrailers. Terminal tractors enable quick and efficient movement of cargo containers, facilitating a smooth loading and unloading process.

 

  • Increasing global trade, particularly intermodal transportation for various products, are surging the need for efficient management of terminal operations. Terminal tractors aid in speeding up and streamlining the movement of cargo and containers in various terminals, thereby supporting the overall supply chain of various products.
  • Development and expansion of ports and truck terminals globally are contributing to an increasing terminal tractor market demand. Rising investments towards modernisation of ports and terminals to facilitate movement of larger cargo containers and vessels are leading to a greater requirement for efficient terminal tractors.
  • Growing adoption of containerisation and standardisation is a key trend influencing the market for terminal tractors as more manufacturers choose containers for shipments. Terminal tractors are vital in the movement of containers, including loading and unloading, as they can handle heavy and large sized containers reliably.

 

Global Terminal Tractor Market Analysis

Based on type, the market is bifurcated into manual and automated. On the basis of propulsion type, the market is divided into conventional fuel, alternative fuel, and electric. By drive type, the market is classified into 4 x 2, 4 x 4, and 6 x 4. Based on application, the market is segmented into airport, marine port, warehouse and logistics, and oil and gas. On the basis of end use, the terminal tractor market segmentation is retail, food and beverages, inland waterways, marine services, rail logistics, and RoRo logistics, among others. The regional markets for terminal tractors are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the terminal tractor global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Sany Group
  • Cargotec Corporation
  • Konecranes Plc
  • Royal Terberg Group
  • Volvo Group
  • REV Group Inc.
  • MAFI Transport-Systeme GmbH
  • Terminal Investment Corporation (TICO)
  • Mol CY
  • Linde Material Handling GmbH
  • Others

 

Market Share by Propulsion Type

The increasing global transition towards electric forms of propulsion are also influencing the market for terminal tractors, resulting in electric propulsion types witnessing a rapidly growing terminal tractor market share. Electric terminal tractors are smooth and flat and offer numerous benefits; they facilitate lower fuel expenses, reduce pollution, and have longer lifespans than traditional terminal tractors.

 

Operational and maintenance expenses are also significantly lower with electric terminal tractors as there is no need for air filter service, oil changes, fan belt service, and transmission service. As more countries move towards zero emission targets, the demand for terminal tractors with electric propulsion is projected to rise in the coming years.

 

Market Share by Region

Europe is projected to account for a sizable share of the global market for terminal tractors over the forecast period, driving by increasing maritime trade and presence of leading manufacturers in the region. With relatively small sized countries, a vast coastline, and a major role in global trade, there is extensive use for terminal tractors, thereby offering lucrative opportunities for terminal tractor market growth.

 

Early adoption of technologies such as automation and increasing development of automated terminals across Europe, for example, in countries such as Germany and the Netherlands, are leading to a heightened demand for automated terminal tractors. Meanwhile, improvements in production capacities of key players in Europe would also support the long-term expansion of the market for terminal tractors in the region.

 

Competitive Landscape

Sany Group, a dynamic and technologically advanced manufacturer of heavy machinery, was founded in 1989. With headquarters in Hunan, China, the company offers a wide range of products, including excavators, concrete machinery, cranes, port machinery, road machinery, mining machinery, trucks, piling machinery, and wind turbines.

 

Cargotec Corporation, established in 2005 and currently based in Helsinki, Finland, specialises in optimising the flow of cargo, working with customers to smoothen global logistics. The company has three distinct divisions, Kalmar, for cargo handling equipment, Hiab, for on-roading and load handling equipment, and MacGregor, for maritime cargo.

 

Konecranes Plc, headquartered in Hyvinkää, Finland, is a leading industrial equipment manufacturer, specialising in overhead cranes that enhance productivity with a vast service network and extensive product portfolio of lifting equipment. Founded in 1910, the company also offers services for cranes, lifting equipment, and machine tools.

 

Other market players include Royal Terberg Group, Volvo Group, REV Group Inc., MAFI Transport-Systeme GmbH, Terminal Investment Corporation (TICO), Mol CY, and Linde Material Handling GmbH, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Propulsion Type
  • Drive Type
  • Application
  • End Use
  • Region
Breakup by Type
  • Manual
  • Automated
Breakup by Propulsion Type
  • Conventional Fuel
  • Alternative Fuel
  • Electric
Breakup by Drive Type
  • 4 x 2
  • 4 x 4
  • 6 x 4
Breakup by Application
  • Airport
  • Marine Port
  • Warehouse and Logistics
  • Oil and Gas
Breakup by End Use
  • Retail
  • Food and Beverages
  • Inland Waterways
  • Marine Services
  • Rail Logistics
  • RoRo Logistics
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Sany Group
  • Cargotec Corporation
  • Konecranes Plc
  • Royal Terberg Group
  • Volvo Group
  • REV Group Inc.
  • MAFI Transport-Systeme GmbH
  • Terminal Investment Corporation (TICO)
  • Mol CY
  • Linde Material Handling GmbH
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description   
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Terminal Tractor Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Terminal Tractor Historical Market (2018-2023) 
    8.3    Global Terminal Tractor Market Forecast (2024-2032)
    8.4    Global Terminal Tractor Market by Type
        8.4.1    Manual
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Automated
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Terminal Tractor Market by Propulsion Type
        8.5.1    Conventional Fuel
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Alternative Fuel
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Electric
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Terminal Tractor Market by Drive Type
        8.6.1    4 x 2
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    4 x 4
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    6 x 4
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global Terminal Tractor Market by Application
        8.7.1    Airport
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Marine Port
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Warehouse and Logistics
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Oil and Gas
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
    8.8    Global Terminal Tractor Market by End Use
        8.8.1    Retail
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Food and Beverages
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Inland Waterways
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Marine Services
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Rail Logistics
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
        8.8.6    RoRo Logistics
            8.8.6.1    Historical Trend (2018-2023)
            8.8.6.2    Forecast Trend (2024-2032)
        8.8.7    Others
    8.9    Global Terminal Tractor Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023)
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023)
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023)
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023)
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023)
            8.9.5.2    Forecast Trend (2024-2032)
9    North America Terminal Tractor Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Terminal Tractor Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Terminal Tractor Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Terminal Tractor Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Terminal Tractor Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Sany Group 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Cargotec Corporation 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Konecranes Plc 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Royal Terberg Group 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Volvo Group 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    REV Group Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    MAFI Transport-Systeme GmbH
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Terminal Investment Corporation (TICO)
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Mol CY
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Linde Material Handling GmbH
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Terminal Tractor Market: Key Industry Highlights, 2018 and 2032
2.    Global Terminal Tractor Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Terminal Tractor Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Terminal Tractor Historical Market: Breakup by Propulsion Type (USD Million), 2018-2023
5.    Global Terminal Tractor Market Forecast: Breakup by Propulsion Type (USD Million), 2024-2032
6.    Global Terminal Tractor Historical Market: Breakup by Drive Type (USD Million), 2018-2023
7.    Global Terminal Tractor Market Forecast: Breakup by Drive Type (USD Million), 2024-2032
8.    Global Terminal Tractor Historical Market: Breakup by Application (USD Million), 2018-2023
9.    Global Terminal Tractor Market Forecast: Breakup by Application (USD Million), 2024-2032
10.    Global Terminal Tractor Historical Market: Breakup by End Use (USD Million), 2018-2023
11.    Global Terminal Tractor Market Forecast: Breakup by End Use (USD Million), 2024-2032
12.    Global Terminal Tractor Historical Market: Breakup by Region (USD Million), 2018-2023
13.    Global Terminal Tractor Market Forecast: Breakup by Region (USD Million), 2024-2032
14.    North America Terminal Tractor Historical Market: Breakup by Country (USD Million), 2018-2023
15.    North America Terminal Tractor Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Europe Terminal Tractor Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Europe Terminal Tractor Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Asia Pacific Terminal Tractor Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Asia Pacific Terminal Tractor Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Latin America Terminal Tractor Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Latin America Terminal Tractor Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Middle East and Africa Terminal Tractor Historical Market: Breakup by Country (USD Million), 2018-2023
23.    Middle East and Africa Terminal Tractor Market Forecast: Breakup by Country (USD Million), 2024-2032
24.    Global Terminal Tractor Market Structure

Key Questions Answered in the Report

What was the terminal tractor market value in 2023?

In 2023, the market reached an approximate value of USD 783.46 million.

What is the growth rate of the market?

The market is expected to grow at a CAGR of 4.1% between 2024 and 2032.

What is the terminal tractor market forecast for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 1124.79 million by 2032.

What are the major market drivers?

The major drivers of the market include increasing globalisation, thriving manufacturing sector, and rising demand for efficient container handling.

What are the key trends of the market?

The key terminal tractor market trends include flourishing maritime trade, increasing research and investments towards product development, and rising adoption of automation.

What are the significant propulsion types in the market for terminal tractors?

The significant propulsion types in the market for terminal tractors are conventional fuel, alternative fuel, and electric.

What are the various applications of terminal tractors in the market?

The various applications of terminal tractors in the market are airport, marine port, warehouse and logistics, and oil and gas.

Who are the key market players, according to the terminal tractor market report?

The major players in the market, according to the report, are Sany Group, Cargotec Corporation, Konecranes Plc, Royal Terberg Group, Volvo Group, REV Group Inc., MAFI Transport-Systeme GmbH, Terminal Investment Corporation (TICO), Mol CY, and Linde Material Handling GmbH, among others.

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