Industry Background:
The terminal tractor is designed to handle the container in seaports and other applications involving in the movement of heavy loads. The electric terminal tractor is efficient, green and clean as it produces lesser noise and emissions. Moreover, the servicing of electric terminal tractor requires lesser time and cost as well. These terminal tractors are used in ports and terminals, warehouse and distribution, as well as industrial and inter-modal applications.
This growth is primarily driven by Rising concerns regarding fuel emissions is leading to zero emission vehicles. Electric terminal trucks comes with various benefits such as cheaper maintenance, environment safety, low noise and others. These features are adding to the market growth.
Globally, a noticeable market trend is evident Adoption of Electric Terminal Tractor in Warehouse Management. Major Vendors, such as REV Group (United States), Terberg Group (Netherlands), MAFI Transport-System (Germany), Orange EV (United States), Kalmar Global (Finland), Konecranes Oyj (Finland), Hoist Material Handling (United States), Mol Cy (Belgium), TICO Terminal (United States) and Sisu Axles (Finland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On January 2018, REV group has acquired Lance Camper. This acquisition helps the company to enter into the segment of RV market.
On 22nd October 2019, Orange EV has opened new production plant in Riverside. and On 9th May 2018, Kalmar has launched fully electric terminal tractor that is Kalmar Ottawa T2 terminal tractor. It is designed for operations in warehouses and other applications.
Market Drivers
- Rising concerns regarding fuel emissions is leading to zero emission vehicles. Electric terminal trucks comes with various benefits such as cheaper maintenance, environment safety, low noise and others. These features are adding to the market growth
Market Trend
- Adoption of Electric Terminal Tractor in Warehouse Management
Restraints
- High Manufacturing Costs may hamper the Growth
Opportunities
Increasing Research and Developments Coupled with Technological Advancements in Electric Vehicles and Increased Productivity and Container Throughput
Challenges
Lack of Electric Infrastructure in Some Terminals
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Electric Terminal Tractor Study Sheds Light on
The Electric Terminal Tractor Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Electric Terminal Tractor industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electric Terminal Tractor industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.