Terminal Tractor Market

The terminal tractor market is projected to grow from USD 1.4 billion in 2024 to USD 1.9 billion by 2030, at a CAGR of 5.5%. This growth is mainly driven by the increasing demand for efficient port operations, the push for environmental sustainability, advancements in electrification and battery technology, and the need for improved safety and productivity. Additionally, stringent environmental regulations and the global shift towards reducing carbon footprints have accelerated the demand for electric terminal tractors, which offer zero-emission solutions and contribute to cleaner port environments.

Major OEMs of the terminal tractor market are from the North American region. The top 5 OEMs of the terminal tractor market are Kalmar (Finland), Terberg Special Vehicles (Netherlands), Mafi Transport-Systeme Gmbh (Germany), Capacity Trucks (US), TICO Tractors (US) are some of the leading players in the terminal tractor market. Key terminal tractor players are investing in new technologies such as electric terminal tractors and automation in terminal tractors.

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Kalmar, a subsidiary of Cargotec (Finland), provides equipment and services for handling cargo at seaports, terminals, distribution centers, and heavy industries. Their product range includes straddle and shuttle carriers, terminal tractors, various types of cranes (rail-mounted gantry, rubber tire gantry, yard, and ship-to-shore), reach stackers, empty container handlers, and forklifts. These terminal tractors serve industries such as marine, airports, and food & beverages. In December, Kalmar launched the New Era of Logistics, converting their entire product line to battery-electric vehicles and introducing the Kalmar Robotic Portfolio. Kalmar aims to boost the efficiency, safety, and performance of their clients' fleets by expanding their services. Kalmar employs 4,907 people as of 2023, with assembly units in China, Malaysia, Poland, and the US. Their R&D centers are spread globally, including a Technology and Competence Centre in Tampere, Finland, and an Innovation Centre in Ljungby, Sweden. Kalmar has a strong presence in Europe, the Middle East, Africa (EMEA), Asia Pacific, and the Americas.

Terberg Special Vehicles, based in the Netherlands, manufactures a range of off-highway vehicles, including terminal tractors, special trucks, trucks, cars, and vans. With 38 operating companies in 13 countries, Terberg is an independent multinational supplier of specialist vehicles and vehicle systems. The company is focused on developing next-generation electric terminal tractors that perform as well as diesel engines. Terberg also makes yard tractors (4x2 drive), terminal tractors (4x2), RORO tractors, rail tractors, and zero-emission tractors. As of 2021, the company employed 2,500 people. Terberg’s shunting/terminal tractors are used in over 120 countries, efficiently handling trailers and swap bodies. Their product range includes yard tractors, RORO tractors, industrial tractors, and road/rail tractors, used in ports, distribution centers, heavy industry, railway shunting yards, tunneling sites, and airports.

Capacity Trucks, a part of REV Group, manufactures terminal trucks, shunt trucks, trailer jockeys, and yard dogs, and provides warehouse, port, intermodal distribution, and fleet services. For over 45 years, Capacity Trucks has been making yard trucks for ports and railroad hubs around the world. Despite the different demands of heavy and lighter transportation, their trucks are designed to be tough performers. The company’s strengths include a customer-focused approach, a strong dealer network, and industry-leading warranties. Capacity Trucks' terminal tractors stand out for their increased uptime and low ownership costs.

Related Reports:

Terminal Tractor Market by Type (Manual, Automated), Drive (4x2, 4x4 & 6x4), Tonnage (<50, 50-100, >100), Application (Marine, Airport, Oil & Gas, Warehouse), Battery Chemistry (LFP, NMC), Logistics, Propulsion & Region - Global Forecast to 2030

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