Terminal Tractor Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The rise in fuel prices contributes to the demand for electric terminal tractors. Traits like zero emissions and relatively less energy consumption have made them a viable choice among various end users. Also, electric terminal tractors are far smoother, flatter, and slicker than traditional diesel-operated terminal tractors.

Electric terminal tractor apart from providing the required clout and control also keeps up a variety of eco-friendly upgrades that can help diminish the adverse impact a business has on the environment. With rising concerns for ecofriendly and sustainable transport across the globe, demand for electric terminal tractors at various transportation locations is anticipated to hold high growth potential.

Several industries including port and transportation, supermarket are actively deploying electric terminal tractors to fuel their respective use cases and reduce carbon emissions. For instance:


November 2022, Autocar LLC which is the manufacturer of severe duty vocational trucks announced the delivery of its all electric battery terminal tractor at the Stater Bros. Supermarket.

In June 2022, DP world announced the delivery of 11 all electric terminal tractor Terberg YT203-EV at the London Gateway which will be utilized primarily in the transporting goods to the nearby logistic facility.

The Terminal Tractor Market is valued at USD 662 million currently, and it is expected to reach USD 861 million, registering a CAGR of above 4.32% during the forecast period.

The COVID-19 pandemic has affected almost every other industry in the market, and the impact on the terminal tractor market has been inevitable as supply chain disruptions and the shutdown of manufacturing units delayed the production of necessary critical components.

Although, 2021 has remarked itself as a period of transition where the complete terminal tractor production unit recovered and regained its growth phase by revamping production capacities across the globe.

This market growth can be attributed to port terminal automation and the rising demand for electric and hybrid equipment for lower emissions and fuel consumption. Other positive factors responsible for the adoption of terminal tractors are increasing trade activities in Asian and Middle Eastern countries. In addition, the increasing demand for container handling is also largely influencing the growth of the terminal tractor market.

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