Global Trends and Local Innovations: Insights into the Terminal Tractor Industry
The terminal tractor market refers to the industry involved in the manufacturing, distribution, and sale of terminal tractors, also known as yard trucks, shunt trucks, or spotter trucks. These specialized vehicles are primarily used in ports, warehouses, distribution centers, and other industrial facilities to move semi-trailers and containers short distances within these areas.
The terminal tractor...
Terminal Tractor Market Estimated to Reach $1,042 Million by 2027
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 low maintenance cost of battery electric terminal tractors and increase in the adoption of electric terminal tractors is expected to drive the terminal tractor market.
Due to the regenerative braking feature in the BEV, which partially...