APAC Terminal Tractor Market- Industry Trends and Forecast to 2031
Asia-Pacific terminal tractor market is expected to reach USD 215,848.36 thousand by 2030 from USD 157,048.57 thousand in 2022, growing at a CAGR of 4.1% during the forecast period of 2023 to 2030.
Market Segmentation:
Asia-Pacific Terminal Tractor Market, By Type (Manual and Automated), Drive Mode (4*2 and 4*4 and 6*4), Dead Weight (7,000 To 8,000 Kg, Less Than 7,000 Kg, and More Than 8,000 Kg), Capacity (Less Than 50 Tons, 50 To 100 Tons, 100 To 150 Tons, and More Than 150 Tons), Propulsion Type (Diesel, Electric, Hybrid, and CNG), Industry (Marine Services, RORO, Inland Waterways, Rail Logistics, Food & Beverages, Retail, and Others), Country (China, India, Singapore, Japan, South Korea, Australia, Thailand, Malaysia, Indonesia, Vietnam, New Zealand, Philippines, and rest of Asia-Pacific) - Industry Trends and Forecast to 2030
Overview of Global Terminal Tractor Market Dynamics
Drivers
• Expansion in the fields of logistics and distribution
• Expanding international commerce
Restraint
• High initial and maintenance costs
Opportunity
• Advancements in technology such as automation and telematics
Market PlayersSome of the major market players operating in the Asia-Pacific terminal tractor market are:• Hyster-Yale Group, Inc. (A Subsidiary of Hyster-Yale Materials Handling, Inc.)
• MAFI Transport-Systeme GmbH
• CARGOTEC CORPORATION
• Konecranes
• AB VOLVO
• SINOTRUK (HONG KONG LIMITED)
• SANY Australia
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