Terminal Tractor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Terminal Tractor Manufacturers and the Market is Segmented by Propulsion (Diesel, Hybrid, and Electric), Application (Inland Waterways and Marine, Railways, and Other Applications), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The market sizes and forecasts are Provided in terms of value (USD million) for all the above segments.

Terminal Tractor Market Size

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Terminal Tractor Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR > 4.32 %
Fastest Growing Market Europe
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Terminal Tractor Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Terminal Tractor Market Analysis

The Terminal Tractor Market is valued at USD 662 million currently, and it is expected to reach USD 861 million, registering a CAGR of above 4.32% during the forecast period.

The COVID-19 pandemic has affected almost every other industry in the market, and the impact on the terminal tractor market has been inevitable as supply chain disruptions and the shutdown of manufacturing units delayed the production of necessary critical components.

Although, 2021 has remarked itself as a period of transition where the complete terminal tractor production unit recovered and regained its growth phase by revamping production capacities across the globe.

This market growth can be attributed to port terminal automation and the rising demand for electric and hybrid equipment for lower emissions and fuel consumption. Other positive factors responsible for the adoption of terminal tractors are increasing trade activities in Asian and Middle Eastern countries. In addition, the increasing demand for container handling is also largely influencing the growth of the terminal tractor market.

Asia-Pacific holds the largest market share as the region consists of a large number of container ports where the demand for terminal tractors is high. Europe is anticipated to witness the fastest growth during the forecast period due to increased maritime activities and the adoption of automated terminal tractors.

Terminal Tractor Market Trends

This section covers the major market trends shaping the Terminal Tractor Market according to our research experts:

Growing Demand for Electric Terminal Tractors

The rise in fuel prices contributes to the demand for electric terminal tractors. Traits like zero emissions and relatively less energy consumption have made them a viable choice among various end users. Also, electric terminal tractors are far smoother, flatter, and slicker than traditional diesel-operated terminal tractors.

Electric terminal tractor apart from providing the required clout and control also keeps up a variety of eco-friendly upgrades that can help diminish the adverse impact a business has on the environment. With rising concerns for ecofriendly and sustainable transport across the globe, demand for electric terminal tractors at various transportation locations is anticipated to hold high growth potential.

Several industries including port and transportation, supermarket are actively deploying electric terminal tractors to fuel their respective use cases and reduce carbon emissions. For instance:

  • November 2022, Autocar LLC which is the manufacturer of severe duty vocational trucks announced the delivery of its all electric battery terminal tractor at the Stater Bros. Supermarket.
  • In June 2022, DP world announced the delivery of 11 all electric terminal tractor Terberg YT203-EV at the London Gateway which will be utilized primarily in the transporting goods to the nearby logistic facility.

Thus, considering these aforementioned deliveries, market is anticpated togain traction from rising sales of electric terminal tractors during the forecast period.

Terminal Tractor Market: Volume of Cargo Handled in Ports in India, 2021, by Type, Volume in Million Metric Tons

Europe is Expected to Witness Significant Growth

Europe is expected to be the largest market during the forecast period due to the presence of robust economies of European countries such as Germany, the United Kingdom, and Spain, along with the presence of leading manufacturers of terminal tractors. Konecranes, Kalmar, MAFI, CVS Ferrari, and MOL CY are key manufacturers catering to the global market through dealer and distribution networks.

Also, this region has a high adoption rate of automation technologies. Equipment with high automation levels increase productivity. This region is home to automated terminals such as the ECT Delta Port terminal (Netherlands) and the HHLA CTA terminal (Germany). The number of automated terminals is expected to increase in this region, further driving the growth of terminal tractors.

In Europe, marine and trade activities have long been drivers of economic growth, providing natural resources and access to trade and transport and opportunities for recreation. In addition, the consumer shift toward e-commerce platforms is offering a significant opportunity to terminal tractor manufacturers for their applicability in logistics and distribution handling. For instance,In May 2022, Hyster announced the non-biding MoU in order to provide Hamburg Hafen and LogistiK AG two electric terminal tractor powered by fuel cells. The delivery came under the initiative of the clean port and logistic program managed by Hyster.

At the same time, manufacturers are optimistic that the resumption of production plants across several countries will enable them to move toward a recovery phase, which is foreseen to stabilize the progress of the terminal tractor market in Europe.

Terminal Tractor Market - Growth Rate (%) by Region, 2022-2027

Terminal Tractor Industry Overview

The terminal tractor market is moderately consolidated, with several players accounting for a smaller portion of the market share. Some of the prominent companies in the market are Kalmar, Konecranes, Sany, Hyster, and others. Players are also offering autonomous terminal tractors under the pool in order to witness prominence.

These players are investing heavily in the R&D of terminal tractors to provide green and clean fuel-driven tractors to protect the environment and generate high power. For instance, In August 2022, Terberg Tractors Malaysia developed an autonomous terminal tractor in partnership with Aidrivers. The partnership came in 2019 which consistently aimed to produce an autonomous ecosystem inside the terminal tractor.

Terminal Tractor Market Leaders

  1. Kalmar

  2. Konecranes Oyj

  3. Sany Group

  4. Terberg Group BV

  5. Hyster-Yale Materials Handling, Inc.

*Disclaimer: Major Players sorted in no particular order

Terminal Tractor Market Concentration
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Terminal Tractor Market News

In August 2022, Kalmar which is the part of Cargotec got the supply deal for the three T2i terminal tractor at the Maldives Port Limited. The orders are scheduled to be delivered by Q1 of 2023.

In June 2022, côte d'ivoire terminal has announced the delivery of 14 new APM 75T HE electric terminal tractor supplied by Gaussin for the usage of transportation services at port of Abidjan. Although, the order was made of 36 terminal tractor units which will be supplied in phases by end of 2022.

Terminal Tractor Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Buyers/Consumers

      2. 4.3.2 Bargaining Power of Suppliers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size in Value USD Million)

    1. 5.1 Propulsion Type

      1. 5.1.1 Diesel

      2. 5.1.2 Hybrid

      3. 5.1.3 Electric

    2. 5.2 Application

      1. 5.2.1 Inland Waterways and Marine

      2. 5.2.2 Railways

      3. 5.2.3 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Spain

        5. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. South America

        2. Middle-East and Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 Konecranes Oyj

      2. 6.2.2 Kalmar Global

      3. 6.2.3 CVS Ferrari SPA

      4. 6.2.4 Sany Heavy Industry Co. Ltd

      5. 6.2.5 Hyster-Yale Materials Handling, Inc.

      6. 6.2.6 Linde PLC

      7. 6.2.7 Volvo AB

      8. 6.2.8 Mol CY

      9. 6.2.9 Liebherr Group

      10. 6.2.10 Terberg Group BV


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Terminal Tractor Industry Segmentation

A terminal tractor also referred to as a spotter truck or yard truck, is used to move semi-trailers to and from the dock for loading and unloading activities. The terminal tractor market report covers the latest trends, COVID-19 impact, and technological developments in the market.

The Terminal Tractor Market is Segmented by Propulsion (Diesel, Hybrid, and Electric), Application (Inland Waterways and Marine, Railways, and Other Applications), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). 

Propulsion Type
Inland Waterways and Marine
Other Applications
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa
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Terminal Tractor Market Research FAQs

The Terminal Tractor Market is projected to register a CAGR of greater than 4.32% during the forecast period (2024-2029)

Kalmar, Konecranes Oyj, Sany Group, Terberg Group BV and Hyster-Yale Materials Handling, Inc. are the major companies operating in the Terminal Tractor Market.

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Terminal Tractor Market.

The report covers the Terminal Tractor Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Terminal Tractor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Terminal Tractor Industry Report

Statistics for the 2024 Terminal Tractor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Terminal Tractor analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Terminal Tractor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)