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The Global Terminal Tractor Market Is Expected To Create An Absolute Dollar Opportunity Of US$ 235 Mn By 2030

07-14-2022 09:58 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

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.

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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.

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.

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.

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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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Key Questions Answered in Report

Which are the most lucrative markets for Terminal Tractor?
Which factors will impact the growth of the market?
How will changing trends impact the strategies of Terminal Tractor market players?
How can market players capture the low-hanging opportunities across regions?
Which companies are leading the industry?
What are the winning strategies of stakeholders in the Terminal Tractor market?

Why to purchase this Report?

Following are the reasons to consider this Outlook of Terminal Tractor Market report By Fact.MR - a market research and competitive intelligence provider:

This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the Terminal Tractor Market key players and their working methodologies and their decision making capabilities.
The report analyzes various factors which act as drivers and restraints to development and sales of Terminal Tractor Market globally .
This report not only analyzes present market condition but it likewise estimates how the Terminal Tractor Market Demand is going to perform for estimated time period.
It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer's requirement and preferences regarding the product in particular region.

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