Terminal Tractor Market worth $832 million by 2027

1. MarketsandMarkets Presents • Terminal Tractor Market worth $832 million by 2027 https://www.marketsandmarkets.com/Market-Reports/terminal-tractor-market-153834794.html

2. The report "Terminal Tractor Market by type, Tonnage, Propulsion, Application (Airport, Marine, Oil & Gas, Logistics), Industry (Retail, Food & Beverages, Inland Waterways & Marine Services, Rail Logistics, RoRo), and Region - Global Forecast to 2025", The market for terminal tractor is projected to grow at a CAGR of 4.1%, during the forecast period, to reach a market size of USD 832 million by 2027 from an estimated USD 603 million in 2019. The increasing seaborne trade across the world, and strong demand in Asia Oceania and the Middle East would fuel the demand for terminal tractor market. Browse 122 market data Tables and 43 Figures spread through 155 Pages and in-depth TOC on "Terminal Tractor Market ” Get The PDF Brochure For This Report@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153834794

3. The marine application is estimated to hold the largest share of the terminal tractor market during the forecast period. The marine application is projected to hold the largest market share from 2017 to 2027. Container loading and unloading from larger ships are fully dependent on the availability of terminal tractors and other port equipment. As per the Port Equipment Manufacturers’ Association (PEMA), the demand for terminal tractors mainly comes from medium and larger ports in countries such as China, Japan, Singapore, Australia, India, and Vietnam in Asia Oceania due to rapidly growing marine industry in Asian countries. All these factors are expected to boost the demand for terminal tractors in marine application. Some of the prominent players in the terminal tractor market are Kalmar (Finland), Konecranes (Finland), Hyster (US), Sany (China), CVS Ferrari (Italy), and Hoist Liftruck (US). To speak to our analyst for a discussion on the above findings, click Speak to Analyst

4. The electric propulsion segment is expected to be the fastest-growing market for terminal tractor from 2017 to 2027. The electric propulsion market is expected to grow at the fastest rate during the forecast period due to the increasing stringency in emission regulations. The industrial equipment emission norms have constantly been upgraded across different regions. According to the EU norms, NOx and PM levels have reduced by nearly 95.7% and 97.2%, respectively, from Stage I to Stage V. Also, as per the US EPA norms, NOx, and PM levels have declined by 95.6% and 96.2%, respectively, from Tier 1 to Tier 4. Countries such as China, Japan, South Korea, and India are also following similar norms in line with these standards. Europe: The largest terminal tractor market from 2017 to 2027. The market in europe is expected to lead the terminal tractor market, in terms of value, during the forecast period. Countries such as Germany, France, UK, and Spain are the key markets for terminal tractor. As per the port equipment manufacturing association (PEMA), in 2017 deliveries of terminal tractor in Europe was the highest compare to other region. In Europe marine activities in have long been drivers of economic growth, providing natural resources and access to trade and transport, opportunities for recreation, etc. Maritime activities today remain essential to the economy and to society in general, with high expectations for future growth and it is expected to be the driving force behind Europe’s terminal tractor market.

5. Request for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=153834794 • Key Questions Addressed by the Report • What could be the trend for automated terminal tractor market in the future? • How are the industry players addressing the challenge of maintaining a balance between performance and cost electric terminal tractors? • Which axle type will lead the market for terminal tractor in near future? • The report will help the market leaders and new entrants in this market by providing them the closest approximations of the revenue numbers for the overall global market and the sub segments. • This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. • The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

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