The U.S. terminal tractor market is vital in the transportation and logistics industry, driven by a need for specialized vehicles to optimize terminal cargo handling. Terminal tractors, also known as yard or shunt trucks, efficiently move trailers and containers short distances and streamline operations in warehouses. These semi-tractors are designed for material loading and unloading, particularly in port activities. Their strategic role in enhancing supply chain efficiency makes them indispensable in the dynamic landscape of freight movement within terminals and cargo yards.
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Data Bridge Market Research analyses that the U.S. Terminal Tractor Market value was USD 122.54 million in 2022 and is expected to reach the value of USD 178.31 million by 2030, at a CAGR of 4.8% during the forecast period of 2023-2030. The surge in containerized shipping underscores the pivotal role of terminal tractors, which are essential for routing trailers and containers efficiently within confined spaces. This trend amplifies the significance of these specialized vehicles in modern logistics and distribution processes.
Key Findings of the Study
High demand from e-commerce is expected to drive the market's growth rate
A significant surge in demand from the e-commerce sector sustains the U.S. terminal tractor market. As online retail continues to thrive, there is a heightened need for efficient cargo handling within distribution centers. Terminal tractors play a crucial role in streamlining operations by facilitating the movement of trailers and containers, meeting the dynamic requirements of the rapidly growing e-commerce industry. This demand underscores the vehicles' importance in supporting the logistical backbone of e-commerce supply chains.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Manual, Automated), Axle (4x2, 4x4), Tonnage (<50 Ton, 50–100 Ton, >100 Ton), Propulsion Type (Diesel, Electric, Hybrid, CNG), Models (On- Road Trucks, Off- Road Trucks), Application (Airport, Marine Port, Oil and Gas, Logistics), End User (Retail Industry, Food and Beverage, Inland Waterways and Marine Services, Rail Logistics, RORO, Others)
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Market Players Covered
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Deere & Company (U.S.), Tractors and Farm Equipment Limited (India), Kubota Corporation (Japan), CLAAS KGaA GmbH (Germany), AGCO Corporation (U.S.), CNH Industrial N.V. (U.K.), Enerpac Tool Group (U.S.), JCB (U.K.), Mahindra & Mahindra Ltd. (India), SDF Group (Italy), Bucher Industries (Switzerland), Alamo Group, Inc. (U.S.)
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The U.S. terminal tractor market is segmented on the basis of type, axle, tonnage, propulsion type, models, application and end user.
- On the basis of type, the U.S. terminal tractor market is segmented into manual, and automated
- On the basis of axle, the U.S. terminal tractor market is segmented into 4x2, and 4x4
- On the basis of tonnage, the U.S. terminal tractor market is segmented into <50 ton, 50–100 ton, and >100 ton
- On the basis of propulsion type, the U.S. terminal tractor market is segmented into diesel, electric, hybrid, and CNG
- On the basis of models, the U.S. terminal tractor market is segmented into on- road trucks, and off- road trucks
- On the basis of application, the U.S. terminal tractor market is segmented into airport, marine port, oil and gas, and logistics
- On the basis of end user, the U.S. terminal tractor market is segmented into retail industry, food and beverage, inland waterways and marine services, rail logistics, RORO, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major U.S. terminal tractor market players in U.S. terminal tractor market are AGCO Corporation (U.S.), CNH Industrial N.V. (U.K.), Enerpac Tool Group (U.S.), JCB (U.K.), Mahindra & Mahindra Ltd. (India), SDF Group (Italy), Bucher Industries (Switzerland), Alamo Group, Inc. (U.S.)
Market Developments
- In 2022, Kalmar, a division of Cargotec, secured a supply deal for three T2i terminal tractors with the Maldives Port Limited. The scheduled delivery for the orders is slated for Q1 2023, highlighting Kalmar's continued presence in providing efficient cargo handling solutions for port operations in the Maldives
- In 2022, Côte d'Ivoire Terminal announced the delivery of 14 APM 75T HE electric terminal tractors by Gaussin for transportation services at the Port of Abidjan. This forms part of a larger order for 36 terminal tractor units, to be supplied in phases by the end of 2022, enhancing the port's capabilities and contributing to more sustainable and efficient operations
- In 2020, Kalmar Inc. collaborated with the Australian company Nyrstar, committing to supply three TR618i heavy terminal tractors. Specifically designed to handle substantial loads in diverse conditions, these tractors comply with EU Stage V emission standards. This collaboration highlights Kalmar's commitment to providing robust and environmentally compliant solutions for efficient cargo handling in the industrial sector
- In 2020, Terberg Group entered an agreement to provide YT203-EV electric terminal tractors to the Port of Helsingborg, a Swedish container specialist. With a strong 222 kWh battery pack capacity, these electric tractors not only promote sustainability but also offer cost savings by reducing maintenance expenses and eliminating the need for diesel fuel, aligning with the port's commitment to environmental and economic efficiency
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