Terminal Tractor Market worth $832 million by 2027 - PowerPoint PPT Presentation

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Terminal Tractor Market worth $832 million by 2027

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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 2027 – PowerPoint PPT presentation

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Title: 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/t
erminal-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 _at_ https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id153834794
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
Europes terminal tractor market.
5
  • Request for Sample Pages _at_ https//www.marketsand
    markets.com/requestsampleNew.asp?id153834794
  • 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.

6
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https//www.marketsandmarkets.com/Market-Reports/t
erminal-tractor-market-153834794.html
7
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