Top Companies in Terminal Tractor Industry

The terminal tractor market is projected to grow from USD 1.55 billion in 2025 to USD 2.25 billion by 2032 at a CAGR of 5.5%. The growth of the market is mainly driven by the increasing demand for efficient port operations, the push for environmental sustainability, advancements in electrification and battery technology, and the need for improved safety and productivity. Additionally, stringent environmental regulations and the global shift towards reducing carbon footprints have accelerated the demand for electric terminal tractors, which offer zero-emission solutions and contribute to cleaner port environments.

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The terminal tractor market is dominated by global players such as Kalmar (Finland), Terberg Special Vehicles (Netherlands), Mafi Transport-Systeme GmBH (Germany), Capacity Trucks (US), and TICO Tractors (US), among others. These companies adopted product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.

Kalmar (Finland)

Kalmar is taking various strategic initiatives to drive growth. These initiatives, mentioned below, are expected to strengthen the company’s operations and increase returns. In August 2023, Kalmar entered into an agreement for the acquisition of the intellectual property rights associated with the electric terminal tractor product line from Lonestar Specialty Vehicles (LSV). LSV transferred intangible assets to Kalmar and will act as Kalmar’s contract manufacturing partner for acquired electric terminal tractors. This move will strengthen Kalmar’s market position in the electric terminal tractor business.

Additionally, its recent partnership with Forterra for autonomous terminal tractors will give a forefront to the company in the terminal tractor market. Moreover, Kalmar received various contracts and projects, which will help the company expand its operations and strengthen its market position. In December 2023, the company received an order from its long-lasting Brazilian client, Super Terminais. Ltd., to provide extensive equipment and services for its Manaus terminal located in North Brazil. The order consisted of eight Kalmar Essential terminal tractors. The order was recorded in the Q2 order intake, with delivery scheduled in Q3 of 2024.

Konecranes (Finland)

Konecranes focuses on new strategic initiatives to drive growth. Initiatives such as acquisitions and expansions are expected to strengthen the company’s operations and increase its returns. In October 2024, Konecranes acquired Peinemann Port Services BV and Peinemann Container Handling BV to strengthen its Port Solutions business and expand its presence in Europe’s largest port, Rotterdam. Konecranes aims to maintain high-quality standards across its operations, as quality plays a vital role in retaining its customers for large industrial machinery. It implements stringent quality management principles to offer its clients quality products and excellent services. Compliance with quality standards enhances the company’s brand image and raises customer confidence in the company’s offerings.

Terberg Special Vehicles (Netherlands)

Terberg Special Vehicles is highly focused on generating more purchase orders shortly. It is also focused on innovating its terminal tractors with autonomous technology, for which the company is signing deals with other companies. In December 2024, Terberg Special Vehicles partnered with MBA AG to provide tractor service in Switzerland. MBA AG is a VRP SA subsidiary based in Boussens near Lausanne. Such deals are expected to provide a competitive advantage and increase the company’s market presence in the future.

Linde Material Handling (Germany)

Linde Material Handling continues to scale its operations, enhancing production capacity and regional reach. In November 2023, the company opened its Experience Hub in Aschaffenburg, Germany, as a multifunctional center for product showcases, customer engagement, and sales network support. Linde also provides highly customizable tow tractors and platform trucks with options such as cabs, wheels, lighting, and IT systems, ensuring efficient, tailored transport solutions. These vehicles deliver high throughput, safety, and comfort across automotive, steel, aviation, and logistics sectors. Additionally, to meet the rising demand for rapid, emission-free operations, Linde has expanded its fuel cell portfolio with the P250 tow tractor, offering 25 tons of tractive force. This reinforces Linde’s commitment to sustainable, high-performance industrial mobility.

Capacity Trucks (US)

Capacity Trucks has made several key strategic choices to maintain and grow its position. Its core strategy is to focus on terminal trucks, which allows them to develop deep expertise and tailored solutions for specific applications like ports, intermodal facilities, and warehouses, unlike competitors with broader product portfolios. The company’s proactive investment in clean air technologies through its early CNG truck launch, the first North American hydrogen fuel cell electric hybrid terminal tractor, and the introduction of battery electric models demonstrates a commitment to sustainability. It positions them to capitalize on the growing demand for zero-emission vehicles in their target sectors. Furthermore, its strategic partnership with Hyster-Yale Group to develop electric, hydrogen, and automation-ready terminal tractors signifies a forward-looking approach to address future market demands and technological advancements.

Related Reports:

Terminal Tractor Market by Type (Manual, Automated), Drive (4x2, 4x4, 6x4), Tonnage (< 50 Tons, 50–100 Tons, > 100 Tons), Application (Marine, Airport, Oil & Gas, Warehouse), Battery Chemistry, Logistics, Propulsion, Motor Power Output, and Region - Global Forecast to 2032

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