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Terminal Tractors Market Size, Share & Industry Analysis, By Drive Mode (4 *2, 6*4, Others), By Fuel Type (Diesel, CNG, Electric, Hybrid ), By Technology (Manual, Autonomous, Semi-autonomous), By Application (Airport, Marine, Logistics, Others) and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI103031 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

The market for terminal tractors is gaining impetus in recent times. The efficient cargo-handling solutions across ships, ports, terminals and local distribution is a major factor behind increasing terminal tractors deployments. These tractors provide excellent manoeuvrability, fast turnaround time, high reliability and capable of moving bulky goods efficiently. According to The United Nations Conference on Trade and Development, it is estimated that 752.2  million  TEUs were moved at container ports worldwide in 2017. Also, the top 20 global ports handled 9.3 billion tons which is nearby to global seaborne trade volumes. Rise in trade volumes is also fuelling the market. Furthermore, warehouse management is a major concern for warehouse owners and operators these days. The expodential increase in E-commerce sector has compelled the owners to shift from manual to automation handling in order to balance the supply chain ecosystem. In such scenrio, evolvement of autonomous and semi-autonomous is gaining traction in terminal tractors for swiftly moving the goods across easily accessible service points. Moreover, stringent government norms and standards for reducing emissions are creating a potenital room for terminal tractors suppliers. The vendors are upgrading the existing diesel engines with LPG to map up with the pollution grades and norms. For instance, in August 2019, NFI Industries, a third party logistics company deployed 25 Kalmar Ottawa T2E electric terminal tractors at its distribution centers in California.


Key Market Driver -

• Rising E-commerce industry leading to increase in operations at distribution and transshipment centers. • Introduction of energy efficient and autonomous tractors and growing trend towards digitalization. • Availability of terminal tractors on rental basis.

Key Market Restraint -

• Fluctuations in the freights at port-to-port results in increasing the overall consignment costs.


Key Players Covered:


Some of the key competitors in the terminal tractors market include Kalmar, TICO TRACTORS, AUTOCAR, LLC. TERBERG SPECIAL VEHICLES, Konecranes, MAFI Transport-Systeme GmbH, Hoist Material Handling, Inc., Mol, Orange EV. and others.


Regional Analysis


North America is expected to book a major market share in the forecast period owing to presence of major manufacturers and third-party logistic solutions operating in this region, rising distribution centers, high adoption of automated warehouses solutions in United States,etc. Further, high pouring of investments to adapt and integrate latest technologies in this region is a contributing factor to the market growth.


Asia Pacific is forecasted to grow signifcantly in the coming years owing to presence of organized and unorganized chinese players operating in this business segment, major presence of container ports in China, rising E-commerce industry, etc. Moreover, emergence of industry 4.0, smart factories, etc. in this region is enforcing the warehouse and distribution centers owners to install automonous terminal tractors to efficiently manage the overall operational workflow further boosting the terminal tractors market.


Europe, Middle East and Africa and Latin America are anticipated at a considerable rate in the coming years owing to improved standard of living, presence of major countries including Germany, U.K engaged in upgrading its existing technologies, shift of customers towards online shopping, etc.


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Segmentation






























 ATTRIBUTE


 DETAILS

By Drive Mode




  • 4 *2

  • 6*4

  • Others



By Fuel Type




  • Diesel

  • CNG

  • Electric

  • Hybrid



By Technology




  • Manual

  • Autonomous

  • Semi-autonomous



By Application




  • Airport

  • Marine

  • Logistics

  • Others



By Region




  • North America (U.S. and Canada)

  • Europe (UK, Germany, France and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)



Key Industry Developments



  • October, 2019: - Dana Incorporated collaborated with Lonestar Speciality Trucks to develop fully electrified terminal tractor.

  • October, 2018: - REV Group unveils liquid natural gas (LNG) fuelled terminal tractors to match the duty cycles of diesel-based engines and reduce the overall fuelling costs


Terminal Tractors Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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