1. HOME
2. Research Insight
3. Market Leader - Terminal Tractor Market

The terminal tractor market is projected to grow from USD 718 million in 2021 to USD 877 million by 2026, at a CAGR of 4.1% during the forecast period. Increasing international trade (ports traffic and rail freight) and growing demand from e-commerce and logistics industries drive the demand for terminal tractors to handle the volume of materials and goods are driving the growth of the terminal tractor market.

Terminal tractor manufacturers are investing in R&D activities to introduce advanced types of terminal tractor. For example, in July 2021, After testing at two customer sites in the Netherlands, the Terberg concept hydrogen terminal tractor completed a test period at the Antwerp Euroterminal in Beveren, Belgium. During the test, a mobile hydrogen filling station was used. Terberg Special Vehicles will use the results of these and other tests to refine the design and build the preproduction series in 2022. Commercial introduction of the hydrogen-powered tractor is planned for 2023.

To know about the assumptions considered for the study download the pdf brochure

Kalmar (Finland), Terberg Special Vehicles (Netherlands), Capacity Trucks (US), MAFI Transport-Systeme GmbH (Germany), and TICO Tractors (US)  are the prominent players in the terminal tractor market. New product development, partnership and supply contract strategy have been the most dominating strategy adopted by major players from 2018 to 2021, which helped them to innovate on their offerings and broaden their customer base. For instance, in June 2021, Kalmar signed a strategic cooperation agreement with Sichuan Port and Shipping Investment Group (SPSI) to establish a long-term cooperative relationship for the development of a land port, water port, logistics park, multi-mode transport, and intelligent logistics integrated.

Kalmar, a fully owned subsidiary of Cargotec (Finland), provides cargo handling equipment and services for seaports, terminals, distribution centers, and heavy industries. The company manufactures and sells straddle and shuttle carriers, terminal tractors, rail-mounted gantry (RMG) cranes, rubber tire gantry (RTG) cranes, yard cranes, ship-to-shore cranes, reach stackers, empty container handlers, and forklift trucks, among other equipment. It offers terminal tractors for various industries, including marine, airport, and food & beverages. The company had a total workforce of around 11,552 employees in 2020. Its assembly units are located in China, Malaysia, Poland, and the US. The company has research and development centers worldwide, including a Technology and Competence Centre in Tampere, Finland, and an Innovation Centre in Ljungby, Sweden. Kalmar has a strong presence in EMEA (Europe, the Middle East and Africa), Asia Pacific, and the Americas.

Terberg Special Vehicles (Terberg) is an off-highway vehicle manufacturer headquartered in the Netherlands. The company manufactures terminal tractors, special trucks, trucks, cars, and vans. With 38 operating companies in 13 countries, Terberg is an independent multinational supplier of vehicles and vehicle systems. The company is also engaged in the manufacturing of yard tractors (4x2 drive), terminal tractors (4x2), RoRo tractors, rail tractors, and zero-emission tractors. As of the financial year 2019, the company had 3,000 employees. Terberg shunting/terminal tractors are used in over 120 countries. These vehicles are an efficient option for handling trailers and swap bodies. The range includes yard tractors, RoRo tractors, industrial tractors, and road/rail tractors used in ports, distribution centers, heavy industry, railway shunting yards, tunneling sites, and airports.

Capacity Trucks, a part of REV Group, is engaged in terminal truck manufacturing, shunt truck manufacturing, trailer jockey manufacturing, yard dog manufacturing, warehouse & distribution, port distribution, intermodal distribution, and fleet services. The company offers terminal tractors (or shunt trucks) engineered for superior durability and manufactured under the international ISO 9001-registered quality system. The terminal tractors provided by Capacity Trucks offer increased uptime and low cost of ownership, setting the company apart from its competition. The company also designs and manufactures buses, RVs, ambulances, street sweepers, and yard trucks, with over two billion dollars in assets.

Related Reports:

Terminal Tractor Market by Type, Tonnage, Propulsion, Application (Airport, Marine, Oil & Gas, Warehouse & Logistics), Industry (Retail, Food & Beverages, Inland Waterways & Marine Service, Rail Logistics, RoRo), and Region - Global Forecast to 2026

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]