U.S. Terminal Tractor Market – Industry Trends and Forecast to 2030

U.S. Terminal Tractor Market Analysis and Size

The terminal tractor market is expected to grow significantly between 2023 and 2030, owing to increased material shipment, warehousing, and other related logistical activities in the food and beverage, automotive, and pharmaceutical industries. Furthermore, the growing demand for container handling is influencing the growth of the terminal tractor market.

Data Bridge Market Research analyses that the terminal tractor market was valued at 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. 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.

U.S. Terminal Tractor Market Scope and Segmentation

Market Definition

Terminal tractors are semi-tractors whose primary function is transporting semi-trailers within a warehouse, intermodal facility, or cargo yard. They are specifically designed for material loading and unloading. They are primarily used in port activities to handle goods.

U.S. Terminal Tractor Market Dynamics

Drivers

• High demand from e-commerce and logistic industries

The increasing demand from the e-commerce and logistics industries is one of the factors driving the U.S. terminal tractor market. For example, according to the United States Census Bureau in 2021, U.S. retail e-commerce sales in the third quarter of 2021 totaled USD 204.6 billion. Furthermore, technological advancements in the terminal tractor market for improving work efficiency and reducing human errors, as well as the incorporation of automation and high-end technologies, will drive the U.S. terminal tractor market forward. EasyMile and Terberg's collaboration, for example, aims to deliver a fully functional autonomous terminal tractor by 2022. It will be the first real-world autonomous operation pilot at the Kloosterboer terminal in Vlissingen, the Netherlands, and will be part of the living lab autonomous transport project.

• Diversification in product offerings

The logistical complexities have increased primarily due to the diverse nature of consumer demands observed in various parts of the world for any product. Organizations focus on increasing product assortments catering to the local market's needs for successful market expansions, resulting in a highly diverse portfolio of products. The greater the diversity, the more complex the supply chain is for the organisation to manage efficiently in delivering products and services. As a result, the U.S. terminal tractor market is expected to expand.

Opportunities

• Automation in terminal tractors

The rapidly increasing automation level of terminal tractors and the rapid growth rate of new sales channels such as e-commerce will provide additional growth opportunities for the terminal tractor market during the forecast period.

Restraints

• High capital expenditure

The terminal tractor market has certain limitations that can obstruct the market's potential growth, such as the high capital expenditure of terminal tractors as well as other port equipment, while a lack of synchronisation with other port equipment has the potential to challenge the terminal tractor market's growth.

This terminal tractor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the terminal tractor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Terminal Tractor Market

The COVID-19 pandemic has had an impact on almost every other industry in the market, and the impact on the terminal tractor market was unavoidable as supply chain disruptions and manufacturing unit shutdowns delayed the production of critical components. However, the market is expected to grow gradually over the forecast period. Port terminal automation and increasing demand for electric and hybrid equipment to reduce emissions and fuel consumption are driving market growth. Other positive factors driving terminal tractor adoption include increased trade activity in Asian and Middle Eastern countries. Furthermore, the growing demand for container handling is influencing the growth of the terminal tractor market.

Recent Developments

• In 2020 Kalmar Inc. agreed to supply heavy terminal tractors to the Australian company Nyrstar. The company will supply three TR618i terminal tractors under this agreement, which are designed to move heavy loads in any condition and meet EU Stage V emission standards.
• In 2020 Terberg Group agreed to supply YT203-EV electric terminal tractors to the Port of Helsingborg, a Swedish container specialist. The battery pack capacity of these electric terminal tractors will be 222 kWh, allowing the port to save money on maintenance and diesel.

U.S. Terminal Tractor Market Scope

The terminal tractor market is segmented on the basis of type, axle, tonnage, propulsion type, models, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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

Terminal Tractor Market Regional Analysis/Insights

The terminal tractor market is analyzed and market size insights and trends are provided by country of type, axle, tonnage, propulsion type, models, application and end user as referenced above.

The countries covered in the terminal tractor market report are U.S.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of U.S. brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Terminal Tractor Market Share Analysis

The terminal tractor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, U.S. presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to terminal tractor market.

Some of the major players operating in the terminal tractor market are:

• 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.)

Research Methodology: U.S. Terminal Tractor Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated 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 drop down your inquiry.

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, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, U.S. versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.

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