Market Research Report
World Terminal Tractors/Yardspotters 2019: Market Size, Shares, Segmentation, Competitors, Growth, Channels, & Trends Underlying the Global Manufacture and Markets for Terminal Tractors, aka Yardspotters, Used in Ports & Distribution Terminals
|Published by||SpecialtyResearch.net||Product code||608501|
|Published||Content info||41 Pages
Delivery time: 1-2 business days
|World Terminal Tractors/Yardspotters 2019: Market Size, Shares, Segmentation, Competitors, Growth, Channels, & Trends Underlying the Global Manufacture and Markets for Terminal Tractors, aka Yardspotters, Used in Ports & Distribution Terminals|
|Published: March 8, 2019||Content info: 41 Pages||
Terminal tractors are workhorses that ply port terminals and distribution/warehouse areas. They must operate back and forth in all directions and are considered very versatile for the short distance environments in which they operate. Their mission-specific role to keep cargo moving constantly for short distances is becoming more appreciated. Terminal tractors are also at the forefront of heavy vehicles amenable to all-electric transition.
2018 was a unique year in the North American terminal tractor industry. Apprehensions of increase in prices from additional tariffs and trade wars made several customers bring forward orders, resulting in significant growth in sales for all manufacturers. 2018 has been a record year in recent times for all North American terminal tractor manufacturers.
An additional factor driving demand is the growth in e-commerce and last mile deliveries-the Amazon effect. Amazon is reportedly building distribution warehouses in all cities with a population in excess of 500,000-translating into strong demand for terminal tractors for use in distribution centers. UPS and FedEx too are building new distribution centers, but not at the pace of Amazon.
Distribution center demand is the main growth driver in this segment, with growth rates for tractors used in ports expected to be low, restricted to replacement demand. Port terminal tractors are also facing competition from other port equipment which can potentially do part of the work of terminal tractors.
European manufacturers have also indicated strong growth in sales in 2018. World production of terminal tractors was at record levels in 2018, growing 14.6% over 2017.
Terminal tractor manufacturing is differentiated by region in terms of product specifications, adoption rates and popularity of terminal tractors. Market penetration requires presence in major markets, and most players have a world presence through a mix of joint ventures, plant locations and distribution arrangements.
This project by SpecialtyResearch.net (SRN) examines all aspects of the availability and demand for terminal tractors worldwide. The report is extremely valuable for information on niche and fringe players (in addition to leading manufacturers), who are often targets for acquisition. Consolidation can be expected as leaders vie for market shares in country/region specific markets.