According to the new research report published by The Insight Partners, titled “Terminal Tractor Market — Global Analysis and Forecast to 2027”, the global terminal tractor market is expected to reach US$ 908.1 Mn in 2027, registering a CAGR of 4.5% during the forecast period 2019-2027.

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A terminal tractor is an industrial truck. It has several names such as yard truck, shunt truck, yard dog, spotter truck, spotting tractor, etc. They are used to transfer loads within container ports, warehouse facilities, RoRo Terminal, and cargo yards. A terminal tractor is capable of moving heavy loads of up to 100 tonnes. They are an integral part of the distribution and shipping industries, where they are used for a quick transfer of semi-trailers and container chassis.

Demand for Terminal Tractor Market

The global terminal tractor market has been witnessing robust growth due to factors such as the ability to pick up, placing, and stacking containers automatically, which leads to increased productivity of the business. Contributions of different regions and swift globalization of businesses have been driving the growth of the global terminal tractor market. Urbanization and emerging digital technologies are driving a wave of disruptive innovation, which is anticipated to raise the demand for the terminal tractors. In addition, the rise in automotive and transportation spending by governments across all the regions is expected to create profitable opportunities for the terminal tractor market players in the future.
 
Some of the companies competing in Terminal Tractor Market are 

1. AB Volvo
2. Autocar LLC
3. Blyyd
4. Capacity Trucks
5. Kalmar (Cargotec Corporation)
6. Konecranes
7. Mafi Transport-Systeme GmBH
8. Mol CY NV
9. Terberg Group B.V.
10. Terminal Investment Corporation

The global terminal tractors market is segmented into five major regions - North America, Europe, Asia Pacific, Middle East and Africa, and South America. Asia Pacific held the major share (~30%) of the terminal tractors market in 2018, and it is expected to continue its dominance during the forecast period of 2019–2027. Europe and North America held the second and third position in the global terminal tractors market in 2018. Among all geographic regions, the market in APAC is anticipated to grow at the highest CAGR. Other developing regions such as the Middle East and Africa, and South America are projected to offer ample growth opportunities to the terminal tractors market players during the forecast period of 2019–2027.

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