Global Terminal Tractors Market to Reach $1.1 Billion by 2030
The global market for Terminal Tractors estimated at US$807.4 Million in the year 2023, is expected to reach US$1.1 Billion by 2030, growing at a CAGR of 5.1% over the period 2023-2030. Manual Terminal Tractors, one of the segments analyzed in the report, is expected to record 4.9% CAGR and reach US$731.5 Million by the end of the analysis period. Growth in the Automated Terminal Tractors segment is estimated at 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $213.3 Million, While China is Forecast to Grow at 7.6% CAGR
The Terminal Tractors market in the U.S. is estimated at US$213.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$248 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
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