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Terminal Tractor Market Share

Report ID: GMI7398
Published Date: Nov 2023
Report Format: PDF

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Terminal Tractor Market Share

Major companies operating in the terminal tractor industry are:

Capacity Trucks
Kalmar
MAFI Transport - Systeme GmbH
Molcy
Sany Group
Terberg Special Vehicles
TICO Tractors

Kalmar as a key player holds the largest market share, by offering a comprehensive range of terminal tractor models designed to meet diverse customer needs. The company's reputation for innovation and a product range that incorporates advanced features likely contributes to its success. Kalmar's global presence is another critical aspect, allowing it to serve a broad customer base and tailor its offerings to meet regional requirements effectively.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of terminal tractor reached USD 1.1 billion in 2022 and is set to witness 8% CAGR from 2023 to 2032, due to the rising number of companies allocating funds to acquire advanced tractors equipped with cutting-edge technologies and eco-friendly engines worldwide.

The diesel-powered segment held over 39% of the market share in 2022, owing to high torque output at low RPMs, in heavy-duty towing and hauling.

North America accounted for 35% of the market share in 2022, attributed to the increasing environmental awareness leading to businesses embracing eco-friendly practices in the region.

Capacity Trucks, Kalmar, MAFI Transport - Systeme GmbH, Molcy, Sany Group, Terberg Special Vehicles, and TICO Tractors are some of the major terminal tractor companies worldwide.