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Know How and Why Tier 1 Players are Dominating the Trailer Terminal Tractor Market | Detailed Analysis and Forecast till 2030 by Fact.MR

06-11-2021 12:22 AM CET | Tourism, Cars, Traffic

Press release from: Fact.MR

A new study by Fact.MR on trailer terminal tractors market opines global revenues to grow at nearly 2.5% in 2021. The market rally has been stalled by weakness induced by COVID-19 induced pandemic, however, the commencement of recovery can boost prospects in the long run.

Click here to Get Complete Synopsis of the Report - https://www.factmr.com/report/5355/trailer-terminal-tractor-market

The market study by Fact.MR offers detailed insights for the period 2020 to 2030, analyzing the market in over 20 countries.

An increasing number of companies are choosing electric vehicles for their fleet. This shift is expected to continue throughout the forecast period says Fact.MR. The stringent policies on emission control for vehicles is key factor propelling the growth of the market.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5355

Even though market players are facing losses due to lockdowns and its restrictions, the situation is expected to turn to normal in the post pandemic phase. Productions are returning to the normal schedule and so are supply chains, which is a positive news for the industry.

Key Takeaways

• Hybrid electric vehicles (HEV) and battery operated electric vehicles (BEV) are expected to be in considerably high demand
• Conventional diesel/gasoline based vehicles continue to lead the market
• Autonomous vehicles to witness significant growth in sales in the next decade

For critical insights on this market, request for methodology here - https://www.factmr.com/connectus/sample?flag=RM&rep_id=5355

• North America to emerge as the most lucrative market for trailer terminal tractors in the forecast period.
• Trailer terminal tractor with capacity between 50 to 100 tons will remain top-selling variant
• Single axle trailer terminal tractors to cover leading market share, retaining lucrativeness in the market

Trailer Terminal Tractors Market: Competitive Landscape

Manufacturers are using new product launches with innovative technologies to gain edge over competition. Companies are focusing on autonomous vehicles as the future of the of the industry lies in industry automation. Also, investments in BEV and HEV by companies is witnessed by key players in order to provide sustainable solutions and gain market advantage.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/5355

Companies are also using partnerships, mergers and acquisition strategies in order to serve wider consumer base.

For instance, Volvo Trucks has launched tractor-trailer combination for speedy cargo movement. These trucks are designed for express cargo delivery especially in India. Volvo Trucks has partnered with logistics player Delhivery for this new launch.

The company has been a leader in the mining segment trucks already and now it is planning to expand its footprint in other segments with the help of new product launches and innovations.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2018/01/16/1289675/0/en/5-Key-Future-Prospects-of-Dozer-Market-for-Forecast-Period-2017-2026.html

Some of the key market players include,
• AB Volvo
• AUTOCAR, LLC.
• BYD Company Limited
• CAPACITY TRUCKS
• CARGOTEC (Kalmar)
• CVS FERRARI S.P.A.
• Hoist Liftruck Mfg.
• LLC, Konecranes
• MAFI Transport Systems GmbH
• Mol CY nv
• Orange EV
• SINOTRUK (HONG KONG) LIMITED
• TERBERG SPECIAL VEHICLES and
• TICO TRACTORS.

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Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/1733/trailer-terminal-tractors-market-trends

About Us:

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. 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. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

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