Terminal Tractor Market

Terminal Tractor Market is accounted for USD 662 million in 2020, growing at a robust CAGR of 3.3% during forecast period

Introduction of the Terminal Tractor Market Report

Terminal tractors can be defined as a semi-tractor, spotting tractor, yard truck whose major function is to carry semi-trailers within a cargo yard and warehouse facility. They are mainly designed for the loading and unloading of materials are highly used in the port activities.

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Market Dynamic 

Key Drivers and Emerging Trends

The factors driving the global Terminal Tractor Market include increasing demand from e-commerce and logistics industry that has boosted the growth of this market. For instance, according to U.S Census Bureau in 2021, the U.S. retail e-commerce sales estimated for the third quarter of 2021 total stood at USD 204.6 billion.

Moreover, technology development in the terminal tractor market for enhancing work proficiency and reducing human errors, incorporation of automation and high-end technologies will trigger the growth of the global terminal tractor market. For instance, EasyMile and Terberg’s partnership aims to deliver a fully functional autonomous terminal tractor by 2022. It will be the first real-life autonomous operation pilot at the Kloosterboer terminal in Vlissingen, the Netherlands and part of the Living Lab Autonomous Transport Zeeland project.

Restraint in the Terminal Tractor Market

However, cost of terminal tractor is high which has hampered the growth of this market. Moreover, its maintenance cost with high capital expenditure will restrain the growth of global terminal tractor market.

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Application – Segment Analysis

Based on the application, logistics is expected to grow at a higher CAGR rate in the global Terminal Tractor Market during the forecast period owing to the increase in the ecommerce sales globally. It provides greater efficiency and speed in moving trailers from one cargo to another which reduce the time consumption with minimum error. Thus, this augment has boosted the growth of this segment.

Propulsion Type – Segment Analysis

Based on the Propulsion Type, electric terminal tractors are projected to grow at a higher CAGR rate in the global Terminal Tractor Market during the forecast period due to increase in fuel price that has propelled the demand for electric terminal tractors. This type of truck work on zero emission and is environmentally friendly. These are flatter, smoother and slicker than the traditional tractor. Thus, this augment has boosted the growth of this segment.

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Regional – Segment Analysis:

Based on the region, North American region is expected to grow at a higher CAGR rate in the global Terminal Tractor Market during the forecast period attributed to large industrial base in this region such as aerospace and defense, industrial verticals, automotive manufacturing. Moreover, the presence of other port terminal in North America such as WBCT Terminal in Los Angeles, Southern Californian ports of Los Angeles and Long Beach etc.  The traffic over the terminal is constantly rising which will boost the growth and business opportunities for terminal tractor manufacturers.

Top Market Players 

Various notable players operating in the market, include, Terberg Special Vehicles, Mol, Capacity Trucks, Mafi Transport-Systeme GmbH, Tico Tractors, Sinotruk, Dongfeng Commercial Vehicle Company Limited, C&C Trucks, BYD, Orange EV, among others.

Key Developments:

• • In May 2021, Autocar has launched zero-emission E-ACTT electric terminal tractor. This truck was launched with an aims to provide operators with quieter and lower vibration option for spotting containers and trailers at distribution centers, trucking yards, industrial operations, and more.
  • In Feb 2021, Phantom Auto started testing a Terberg drive by wire terminal tractor for remote operations (teleoperation). After reaching its final stages of the commissioning process, the unit will be deployed for the actual remote shunting operations at ITS ConGlobal.

Segments covered in the Report:

The global Terminal Tractor Market has been segmented on the basis of Application, Propulsion Type, and region. Based on Application, the market is segmented into Marine Port, Oil and Gas, Logistics and Airport. Based on Propulsion Type, the market is segmented into Electric, Diesel and Hybrid.

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Key questions answered in this research report:

• • At what pace is global Terminal Tractor Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Terminal Tractor Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Terminal Tractor Market?
  • Which Application generated maximum revenues in 2020 and identify the most promising Application during the forecast period?
  • What is the various Propulsion Type of global Terminal Tractor Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Terminal Tractor Market by Application

• • Marine Port
  • Oil and Gas
  • Logistics
  • Airport

Global Terminal Tractor Market by Propulsion Type

• • Electric
  • Diesel
  • Hybrid

Global Terminal Tractor Market by Region

• • North America Terminal Tractor Market (Option 1: As a part of the free 25% customization)
    • By Application
    • By Propulsion Type
    • US Market All-Up
    • Canada Market All-Up
  • Europe Terminal Tractor Market (Option 2: As a part of the free 25% customization)
    • By Application
    • By Propulsion Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Terminal Tractor Market (Option 3: As a part of the free 25% customization)
    • By Application
    • By Propulsion Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Terminal Tractor Market (Option 4: As a part of the free 25% customization)
    • By Application
    • By Propulsion Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Terberg Special Vehicles
  • Mol 
  • Capacity Trucks
  • MAFI Transport-Systeme GmbH
  • Tico Tractors
  • Sinotruk
  • Dongfeng Commercial Vehicle Company Limited
  • C&C Trucks
  • BYD
  • Orange EV