Terminal Tractor Market worth $832 million by 2027
                     MarketsandMarkets 
Presents
Terminal Tractor Market worth $832 
million by 2027
https://
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et-153834794.html
 
The report "Terminal Tractor Market by type, Tonnage, Propulsion, 
Application (Airport, Marine, Oil & Gas, Logistics), Industry 
(Retail, Food & Beverages, Inland Waterways & Marine Services, 
Rail Logistics, RoRo), and Region - Global Forecast to 2025", The 
market for terminal tractor is projected to grow at a CAGR of 4.1%, during 
the forecast period, to reach a market size of USD 832 million by 2027 
from an estimated USD 603 million in 2019. 
The increasing seaborne trade across the world, and strong demand in 
Asia Oceania and the Middle East would fuel the demand for terminal 
tractor market.
Browse 122 market data Tables and 43 Figures spread 
through 155 Pages and in-depth TOC on "Terminal Tractor 
Market ”
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The marine application is estimated to hold the largest share of 
the terminal tractor market during the forecast period.
The marine application is projected to hold the largest market share from 
2017 to 2027. Container loading and unloading from larger ships are 
fully dependent on the availability of terminal tractors and other port 
equipment. As per the Port Equipment Manufacturers’ Association 
(PEMA), the demand for terminal tractors mainly comes from medium 
and larger ports in countries such as China, Japan, Singapore, Australia, 
India, and Vietnam in Asia Oceania due to rapidly growing marine 
industry in Asian countries. All these factors are expected to boost the 
demand for terminal tractors in marine application.
Some of the prominent players in the terminal tractor market are Kalmar 
(Finland), Konecranes (Finland), Hyster (US), Sany (China), CVS Ferrari 
(Italy), and Hoist Liftruck (US).
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The electric propulsion segment is expected to be the fastest-
growing market for terminal tractor from 2017 to 2027.
The electric propulsion market is expected to grow at the fastest rate during 
the forecast period due to the increasing stringency in emission regulations. 
The industrial equipment emission norms have constantly been upgraded 
across different regions. According to the EU norms, NOx and PM levels have 
reduced by nearly 95.7% and 97.2%, respectively, from Stage I to Stage V. 
Also, as per the US EPA norms, NOx, and PM levels have declined by 95.6% 
and 96.2%, respectively, from Tier 1 to Tier 4. Countries such as China, Japan, 
South Korea, and India are also following similar norms in line with these 
standards. 
Europe: The largest terminal tractor market from 2017 to 2027.
The market in europe is expected to lead the terminal tractor market, in 
terms of value, during the forecast period. Countries such as Germany, 
France, UK, and Spain are the key markets for terminal tractor. As per the 
port equipment manufacturing association (PEMA), in 2017 deliveries of 
terminal tractor in Europe was the highest compare to other region. In Europe 
marine activities in have long been drivers of economic growth, providing 
natural resources and access to trade and transport, opportunities for 
recreation, etc. Maritime activities today remain essential to the economy 
and to society in general, with high expectations for future growth and it is 
expected to be the driving force behind Europe’s terminal tractor market.
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Key Questions Addressed by the Report
• What could be the trend for automated terminal tractor market in the 
future?
• How are the industry players addressing the challenge of maintaining 
a balance between performance and cost electric terminal tractors?
• Which axle type will lead the market for terminal tractor in near 
future?
• The report will help the market leaders and new entrants in this 
market by providing them the closest approximations of the revenue 
numbers for the overall global market and the sub segments.
• This report will help stakeholders to better understand the competitor 
landscape and gain more insights to better position their businesses 
and make suitable go-to-market strategies.
• The report also helps the stakeholders to understand the pulse of the 
market and provides them information on key market drivers, 
restraints, challenges, and opportunities.
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