The global Terminal Tractor Market is projected to grow from USD 802 million in 2022 to USD 1,042 million by 2027, at a CAGR of 5.4% during the forecast period.

The Warehouse & Logistics segment is expected to be the largest segment during the forecast period

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Increase in trade through major marine ports to drive the market in Japan  during forecast period

Japanese ports are among the key drivers of the country’s economy. The revenue generated from these ports is one of the most prominent sources for building Japans transport infrastructure and health services. Ports add significantly to the GDP and propel further industrial and technological advancements. Subsequently, the demand for related port handling equipment such as terminal tractors is expected to remain strong over the forecast period.

The European region is estimated to be the second-largest market for terminal tractors in 2022

Germany is anticipated to dominate the market in the European region, followed by France, the UK, and Spain. The market growth in the region can be attributed to the robust economy of European countries and the presence of leading terminal tractor manufacturers like Kalmar (Finland), Konecranes (Finland), Terberg Special Vehicles (Netherlands), Linde Material Handling (Germany), and MAFI Transport-Systeme GmbH (Germany). These manufacturers sell container handling equipment in the global market through their dealers and distribution networks.

Key Market Players

The terminal tractor market is primarily dominated by players like Kalmar (Finland), Terberg Special Vehicles (Netherlands), Capacity Trucks (US), MAFI Transport-Systeme GmbH (Germany), and TICO Tractors (US).

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