openPR Logo
Press release

Terminal tractor market size poised to expand 1.4X at 3.3% CAGR, industrial and commercial Segment Lead the Rally, Projects Fact.MR

04-06-2021 05:54 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Terminal Tractor Market

Terminal Tractor Market

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.

To get in-depth information view the report
https://www.factmr.com/report/2783/terminal-tractors-market

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.

Key Takeaways from Terminal Tractor Market Study

By fuel, conventional fuel terminal tractors are set to hold a share-wide market dominance with over 90% of the total market value by the end of forecast period.

By end use, port terminals are projected to expand at a value CAGR of 3% and be valued 2.8X more than intermodal facilities by the end of 2020.

Request for Sample
https://www.factmr.com/connectus/sample?flag=S&rep_id=2783

By ownership, the industrial and commercial segment is anticipated to expand 1.4X by gaining 90 BPS over the course of the forecast duration.

The terminal tractor market in East Asia is expected to grow the fastest by experiencing a value CAGR of over 4%, whereas, North America is projected to be valued 2.3X than East Asia and account for a major chunk of the demand pie by the end of the forecast period.

“Suspension of manufacturing and logistics activities amidst the COVID-19 pandemic will lead to short-term implications on the demand for terminal tractors.

However, the market is set to regain traction over the coming years, owing to revolution in the retail sector, emergence of e-Commerce platforms, and increase in seaborne trade activities, which will create high demand for terminal tractors across the world,” says a Fact.MR analyst.

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.

Access Research Methodology Prepared By Experts
https://www.factmr.com/connectus/sample?flag=RM&rep_id=2783

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.
Find More Valuable Insights on Terminal Tractor Market

Fact.MR, in its new offering, brings to fore an unbiased analysis of the global terminal tractor market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030.

Connect To an Expert
https://www.factmr.com/connectus/sample?flag=AE&rep_id=2783

The study divulges compelling insights on the terminal tractor market based on fuel (conventional fuel [below 200 HP and above 200 HP], alternative fuel [below 200 HP and above 200 HP], and electric), end use (port terminals, intermodal facilities, and others), product (conventional and automated), and ownership (rental and industrial & commercial), across seven regions.

About the Industrial Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial team at Fact.MR helps clients from across the globe with their unique business intelligence needs.

With a repertoire of over thousand reports and 1 million plus data points, the team has analyzed indusrial goods industry across 50+ countries for over a decade.

Content Source
https://www.factmr.com/media-release/1644/terminal-tractors-market-trends

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Terminal tractor market size poised to expand 1.4X at 3.3% CAGR, industrial and commercial Segment Lead the Rally, Projects Fact.MR here

News-ID: 2266255 • Views: 188

More Releases from Fact.MR

Eco-Friendly Furniture Market Estimates Showing Surprising Stability in key Busi …
Modernization and incorporation of sustainable residential furniture in developing countries such as Indonesia, India, and China is set to drive sales of eco-friendly furniture. The global eco-friendly furniture market will grow 1.8X during the projection period (2020- 2030). Advancements in material science that increases product durability and recyclability are primary reasons for consumer adoption of eco-friendly furniture. Innovative business strategies such as circular business models using reclaimed wood provide the
Pneumatic Equipment to Penetrate in Broad Range of End-user Industries - automot …
Expanding Horizons in Healthcare and Food Sectors Pneumatic equipment market has been gaining significant traction because of its utilization in nearly every field and broad application in the end-user industries. The use of pressurized gas for motion is called pneumatics, and upon compressing atmospheric air, there are equipment that can efficiently maintain a sustainable supply. The equipment that carry out such mechanisms to obtain movement are pneumatic equipment. Various pneumatic equipment
Europe to Lead Global Incontinence Products Market Through 2029 | Essity AB, Kim …
Sales of incontinence products are estimated to reach ~8 billion units in 2019, according to a recent study published by Fact.MR. Incontinence products market will continue to remain rife with opportunities, with demand primarily driven by aging demographic, burgeoning consumer education, rising awareness about product availability, and a progressing shift away from tabooing of incontinence problems. Sales of incontinence products will remain highly influenced by the growing health and wellness
Research and Technological Innovations to Bolster Developments in Massage Oil Ma …
High work pressure and a hectic lifestyle is increasing the adoption of massage therapies on a regular basis. This is spurring sales of massage oils. The global massage oil market will grow 1.5X during the projection period (2020 - 2030). Increasing consumer awareness about medical benefits of massage oil such as improved blood circulation, and relaxation is driving the demand for massage therapy. Growth of the massage oil market is

All 5 Releases


More Releases for Terminal

Global Terminal Blocks Market Professional Survey Report
This report studies Terminal Blocks in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering ABB TE Connectivity Eaton Connectwell Phoenix Contract Rockwell Automation Schneider Electric Dinkle Molex
Bedside Terminal Service Market
#Download Sample Pages of Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1907052 The global Bedside Terminal Service market 2019 research is a professional and in-depth study on the current state of the industry and provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. Global Bedside Terminal Service Market Report including definitions, classifications, applications and industry chain structure. Global Bedside Terminal Service market status, size, outlook of global and major
Terminal Management System Market
Terminal management system runs, manages and supports wide-ranging terminal networks from central and remote locations for sectors including oil and gas and chemical as well as banking and manufacturing sector. They help in managing and monitoring numerous terminals from a single location in a well-planned manner. Thus, terminal management systems help in aligning business objectives with its technology solutions. They offer a flexible and scalable solution thus ensuring security and
RuggON Announces Mobile Data Terminal
RuggON is pleased to announce the MT7000: a durable, all-in-one vehicle terminal for fleet management, asset management, and Electronic Logging (ELD) applications. The MT7000 offers a high-end seven-inch display, intuitive user interface with a multi-touch PCT touchscreen for the ultimate visibility. The smart power management inside MT7000 features delay turn on and off which allows users to have enough time to move this device to second power source or safely shutdown
Get Economic Data Indicators in MetaTrader Terminal
Fundamental Economic Data in Trading Terminal In the world of Capital Markets there is no such thing as "too much information". When trader opens an account with his Forex broker he gets the trading terminal filled with traditional technical indicators which can be applied to the charts. But wouldn’t it be great to have an access to fundamental data like GDP, Employment or Inflation as well? DarkMindFX fills this gap and now
Celebrate Taiwan @ Grand Central Terminal
Sep 18th 2013, New York - Taiwan Tourism Bureau Office in New York partners with the Smithsonian Museum to promote Taiwan culture with a “Celebrate Taiwan @ Grand Central Terminal” event on September 28, 2013 from 11AM to 2PM for “Museum Day Live!”. The Grand Central Terminal is one of Manhattan’s most famous attractions, and is a part of the U.S Beaux Arts Wonder architectures. Recently, Taiwan Hsinchu Railway Station