The global terminal tractor market is anticipated to grow significantly at a CAGR of 4.8% over the forecast period. According to Environment Defense Fund, the delivery trucks and tractors are responsible for nearly half of the nitrogen oxide emissions, and about 7% of overall greenhouse gas emissions. To reduce the emissions, the companies are inclined towards manufacturing electric terminal tractors and get funded by the government.
Gardewine got funding from the Government- In December 2021, Winnipeg-based Gardewine got funding of $150,000 from the provincial government to establish an electric shunt truck. The company tool a delivery of LoneStar SV tractor, which is particularly charged using a Terra94/124/884 CC dual-outlet CCS charger along with the cable management system. The charging station is installed outdoors, and it is expected to run up to 20 hours a day and provides a facility of opportunity charged to the terminal tractor when a driver is not available.
Further, the increasing number of international trade between developed and developing countries is also influencing the growth of the terminal tractor market. According to the US census bureau, the total trade between US and China in 2021 was $3.55 million, including both export and import of materials. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2021, Autocar has manufactured its badass waste collection vehicles, which have a feature of ADAS, (Advanced Driver Assist System).
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Terminal Tractor Market– Segmentation
By Propulsion Type
- Diesel
- Electric
- Hybrid
By Application
- Inland Waterways and Marine
- Railways
- Others(applications)
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Terminal Tractor Market – Segmentation by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Autocar LLC
- Battle Motors
- Blyyd
- Chengli Special Automobile Co. Ltd.
- China National Heavy Duty Truck Group Co. Ltd.
- CVS Ferrari S.P.A
- Days Worth International
- Dongfeng Commercial Vehicle Co. Ltd.
- Faw Jiefang Automotive Co. Ltd.
- Hoist Material Handling Inc.
- Linde Material Handling Gmbh
- Mafi Transport System Gmbh
- Moi Cy Nv
- Orange EV
- Rev Group Inc.
- Sany Group
- Sisu Axles Inc.
- Terberg
- Tico Tractors
- Tii Sales Transporter Industry
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