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Terminal Tractor Market to Reach US$ 908.1 Million at a CAGR of 4.5% in 2027

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Terminal Tractor Market to Reach US$ 908.1 Million at a CAGR of 4.5% in 2027

May 19
23:32 2021
Terminal Tractor Market to Reach US$ 908.1 Million at a CAGR of 4.5% in 2027
Terminal Tractor Market to 2027 – Global Analysis and Forecasts by Type (Automated, Manual); Propulsion Type (Diesel, Electric, Hybrid, CNG); Application (Material Handling, Logistics and Distribution, RoRo Terminals, Container Terminals)

The global terminal tractor market is estimated to account US$ 623.8 Mn in 2018 and is expected to grow at a CAGR of 4.5% during the forecast period 2018 – 2027, to account to US$ 908.1 Mn by 2027.

The global manufacturing industry has witnessed rapid growth in recent times owing to huge investments coming up from Governments of various countries and especially the developing economies. As per the China Federation of Logistics and Purchasing (CFLP), the global manufacturing purchasing managers index (PMI) accounted 55.1 in October 2017, which was down from 55.9 in September 2017 however, still at a comparatively high level. The PMI index remained above 53.5 since the beginning of 2017, signifying a steady recovery of the manufacturing sector in developed countries. This factor would be propelling the demand of terminal tractor market in the forecast period.

Geographically, Asia Pacific holds the largest terminal tractor market share as the region consist of a huge number of container ports where the demand for the terminal tractor is high. Due to such factors, the Asia Pacific region would continue to grow. The government of the region is continuously focusing on increasing spending in automotive and transportation industries so that companies would adopt an automated terminal tractor to ease its business process.

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The List of Companies: AB Volvo, Autocar LLC, Blyyd, Capacity Trucks, Kalmar (Cargotec Corporation), Konecranes, Mafi Transport-Systeme GmBH, Mol CY NV, Terberg Group B.V., Terminal Investment Corporation

The logistical complexities have multiplied mainly due to the diverse nature of consumer demands observed in different regions of the world pertaining to any product. For successful market expansions, organizations focus on increasing the product assortments catering to the needs of the local market, giving rise to a highly diverse portfolio of products. The larger the diversity, the higher is the complexity of the supply chain for the organization to manage efficiently in delivering products as well as services. Therefore, the terminal tractor market across the globe is anticipated to grow.

The latest research report on the “Terminal Tractor Market – Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027” provides a comprehensive assessment of the Terminal Tractor market for the forecast period from 2020 to 2027, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Terminal Tractor market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Terminal Tractor Market in order to help decision makers with various strategic insights and future outlook. The Terminal Tractor market is expected to witness continued growth during the forecast period from 2020 to 2027.

This is a professional and in-depth study on the current state of the Terminal Tractor Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Terminal Tractor Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.

The report focuses on global major leading Terminal Tractor Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.

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  • Highlights key business priorities to assist companies realign their business strategies.
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  • Scrutinizes in-depth market trends as well as key market drivers and restraints.
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