Market Research Report
Trailer Terminal Tractor - Global Market Outlook (2017-2026)
|Trailer Terminal Tractor - Global Market Outlook (2017-2026)|
Published: March 1, 2019
Stratistics Market Research Consulting
Content info: 173 Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Trailer Terminal Tractor Market is accounted for $475.2 million in 2017 and is expected to reach $705.4 million by 2026 growing at a CAGR of 4.5%. Development of the electric terminal tractor is a factor favoring market growth. However, Lack of synchronization is one of the key restraints for the growth of the market. Moreover, increasing use of trailer terminal tractor in the metal industry provide opportunities for the market.
A Trailer Terminal Tractor is a semi-tractor intended to move semi trailers within a cargo yard, warehouse facility, or intermodal facility, much like a switcher locomotive is used to position railcars. They are mostly used at seaports for material handling, such as loading and unloading of materials.
Based on the technology, the autonomous segment has witnessed significant growth during the forecast period due to increasing adoption of technology and automation in order to reduce human error and boost work efficiency. By geography, North America has the largest market share during the forecast period owing to the presence of a prominent logistics industry in this region.
Some of the key players in the Trailer Terminal Tractor market include CAPACITY TRUCKS, Hoist Liftruck Mfg., LLC, AB Volvo, AUTOCAR, LLC., Konecranes, CVS FERRARI S.P.A., CARGOTEC (Kalmar), MAFI Transport Systems GmbH, Sinotruk (Hong Kong) Limited, TICO Tractors, BYD Company Limited, Orange EV, TERBERG SPECIAL VEHICLES and Mol CY nv.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances