Terminal Tractor Market Size - By Drive Type (Diesel-powered, Electric-powered, Hybrid-powered, Alternative Fuel-powered), Industry (Port Terminals, Distribution Centers, Warehousing, Manufacturing), Tonnage & Global Forecast, 2023

Description

List of Tables

Terminal Tractor Market size is poised to expand at over 8% CAGR from 2023 to 2032 driven by the growing rate of international trade and containerized shipping. The expansion of international commerce is surging the need for efficient cargo-handling solutions in ports and logistics hubs. The rising complexity of supply chains and the higher obligation for swift and organized cargo operations is amplifying the demand for terminal tractors in handling containers and trailers.

Furthermore, with the implementation of stringent regulations, businesses are increasingly adopting electric-powered alternatives to traditional diesel tractors, spurring the development of innovative electric terminal tractors. For instance, in August 2023, Cargotec company Kalmar acquired the product rights to the electric terminal tractor product line from Lonestar Specialty Vehicles in the U.S. to expand its existing range of electric solutions.

The industry is segmented into drive type, tonnage, industry, and region.

Based on drive type, the hybrid-powered terminal tractor market is projected to gain significant traction from 2023-2032. The growth is owing to the rising preference for eco-friendly solutions as the logistics and transportation sector is increasingly emphasizing sustainability. Hybrid-powered terminal tractors combine internal combustion engines with electric power for offering enhanced fuel efficiency and reduced emissions. The ability of hybrid terminal tractors to operate in electric mode within terminals and switch to traditional fuel for longer distances on account of their versatility and cost-effectiveness will also contribute to their increasing acceptance.

Terminal tractor market from the warehousing industry segment is expected to witness high demand between 2023 and 2032 attributed to the surging e-commerce and logistics activities. Given their versatility, terminal tractors facilitate the efficient movement of trailers and containers within warehouse premises for optimizing the material handling operations. The escalating emphasis on operational efficiency, inventory management, and timely deliveries across the warehousing sector will further boost the segment growth.

Regionally, the Asia Pacific terminal tractor industry is set to exhibit a robust growth rate from 2023-2032. The rapid expansion of logistics, shipping, and e-commerce activities in countries like China and India is fueling the demand for terminal tractors, thereby providing potential growth opportunities to several industry participants. In November 2022, Terberg Tractors Malaysia Sdn Bhd introduced YT200EV, the country's first fully battery-powered electric terminal tractor and disclosed plans to double its 600-unit terminal tractor production capacity in Malaysia to meet the anticipated demand from current and new customers. Such initiatives by several major industry participants coupled with government policies for promoting international trade across the region are contributing to the market growth.

Product Code: 7398

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Terminal tractor market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Drive Type trends
2.5 Tonnage trends
2.6 Industry trends

Chapter 3 Terminal Tractor Industry Insights

3.1 Impact of COVID-19
3.2 Industry ecosystem analysis
3.3 Vendor matrix
3.4 Profit margin analysis
3.5 Tonnage & innovation landscape
3.6 Patent analysis
3.7 Key news and initiatives
- 3.7.1 Partnership/Collaboration
- 3.7.2 Merger/Acquisition
- 3.7.3 Investment
- 3.7.4 Product launch & innovation
3.8 Regulatory landscape
3.9 Impact forces
- 3.9.1 Growth drivers
  - 3.9.1.1 Rise in the production of connected and autonomous vehicles
  - 3.9.1.2 High focus on technological advancements
  - 3.9.1.3 Reduction in insurance costs
  - 3.9.1.4 Safety and regulatory compliance
- 3.9.2 Industry pitfalls & challenges
  - 3.9.2.1 Increasing environmental regulations
  - 3.9.2.2 Interference from other vehicles or electronic drive types can lead to false detections
3.10 Growth potential analysis
3.11 Porter's analysis
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Capacity Trucks
- 4.3.2 Kalmar
- 4.3.3 MAFI Transport - Systeme GmbH
- 4.3.4 Molcy
- 4.3.5 Sany Group
- 4.3.6 Terberg Special Vehicles
- 4.3.7 TICO Tractors
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Terminal Tractor Market Estimates & Forecast, By Drive Type

5.1 Key trends, by drive type
- 5.1.1 Diesel-Powered
- 5.1.2 Electric-Powered
- 5.1.3 Hybrid-Powered
- 5.1.4 Alternative Fuel-Powered

Chapter 6 Terminal Tractor Market Estimates & Forecast, By Tonnage

6.1 Key trends, by tonnage
- 6.1.1 Less than 30 tons
- 6.1.2 30 to 50 tons
- 6.1.3 Over 50 tons

Chapter 7 Terminal Tractor Market Estimates & Forecast, By Industry

7.1 Key trends, by industry
- 7.1.1 Port Terminals
- 7.1.2 Distribution Centers
- 7.1.3 Warehousing
- 7.1.4 Manufacturing
- 7.1.5 Others

Chapter 8 Terminal Tractor Market Estimates & Forecast, By Region

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 U.K.
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Russia
- 8.3.6 Nordics
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Southeast Asia
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia

Chapter 9 Company Profiles

9.1 Kalmar
9.2 Terberg Special Vehicles
9.3 Capacity Trucks
9.4 MAFI Transport - Systeme GmbH
9.5 TICO Tractors
9.6 Sany Group
9.7 Molcy
9.8 Hoist Liftruck
9.9 Volvo Penta