U.S. Terminal Tractor Market is forecasted to grow with significant CAGR owing factor such as technological advancements in the manufacturing sector.
Rising popularity of renting terminal tractor is acting as major driver for growth of terminal tractor market. Stringent regulations for diesel terminal tractors are acting as major restraint to the market.
Terminal tractor Market Scenario
According to Data Bridge Market Research, market leader is Kalmar (A subsidiary of Cargotec) which accounts an estimated market share of approximately 18% to 32%. The company has gained outstanding sales through their businesses of equipment, services and automation system and software. The market is witnessing continuous product integration and expanding their business in the market.
For instance,
- in February 2020, Terberg Special Vehicles introduced a fully electric vehicle which is a combination of YT203-EV terminal tractor and BC202-EV body carrier and it will become available from the end of 2020. The new vehicle will have a DC charging point so that it can be charged from any standard charging station with new batteries ECE-R100 rev. 2 and capable of handling both very high and low temperatures. This product will enhance the product portfolio of the company.
Trends Impacting the Market
The terminal tractor market is becoming more competitive every year with companies such regions Kalmar (A subsidiary of Cargotec), CAPACITY TRUCKS (A subsidiary of REV Group) and TERBERG SPECIAL VEHICLES as they are the market leaders for terminal tractor. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the terminal tractor market.
For more analysis on the terminal tractor market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=us-terminal-tractor-market
Terminal tractor Market Development in 2020
- In February 2020, TICO Tractors and Decisiv, Inc. have collaborated together to introduce a new product TICO Edge System. It is a cloud-based platform which allows the manufacturers’ dealer network and their customers to communicate and track the real-time visibility of the tractor. This new cloud-based system will help the company to attract new customers and gain the trust and loyalty of new as well as existing customers.
Scope of the Terminal tractor Market
The U.S. terminal tractor market is segmented into six notable segments which are based on type, drive mode, dead weight, capacity, propulsion type and application. On the basis of type, the U.S. terminal tractor market has been segmented into automated and manual. On the basis of drive mode, the U.S. terminal tractor market has been segmented into 4*2 and 4*4 and 6*4. On the basis of dead weight, the U.S. terminal tractor market has been segmented into less than 7,000 kg, 7,000 to 8,000 kg and more than 8,000 kg. On the basis of capacity, the U.S. terminal tractor market has been segmented into less than 50 tons, 50 to 100 tons, 100 to 150 tons and more than 150 tons. On the basis of propulsion type, the U.S. terminal tractor market has been segmented into diesel, electric, hybrid and CNG. On the basis of application, the U.S. terminal tractor market has been segmented into marine, logistics, airport and oil & gas.
Key Pointers Covered in Terminal Tractor Market Industry Trends and Forecast to 2027
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
Key Market Competitors Covered in the Report
- Kalmar (A subsidiary of Cargotec)
- AUTOCAR, LLC
- TICO TRACTORS
- TERBERG SPECIAL VEHICLES
- DJ Products Inc.
- Hoist Material Handling, Inc.
- CAPACITY TRUCKS
- Orange EV
- BYD Motors, Inc.
Above are the key players covered in the report, to know about more and exhaustive list of terminal tractor companies’, contact us https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=us-terminal-tractor-market
Research Methodology: U.S. Terminal Tractor Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Industrial Experts, Product Engineers, Warehouse Managers and Cargo Operators among others
- Supply Side: Original Equipment Manufacturers, Exporter, Distributors, Wholesaler and Retailer among others.
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