The global terminal tractor market is anticipated to grow significantly at a CAGR of 4.8% over the forecast period (2022-2028). According to Environment Defense Fund, the delivery trucks and tractors are responsible for nearly half of the nitrogen oxide emissions, and about 7% of overall greenhouse gas emissions. To reduce the emissions, the companies are inclined towards manufacturing electric terminal tractors and get funded by the government.
Gardewine got funding from the Government- In December 2021, Winnipeg-based Gardewine got funding of $150,000 from the provincial government to establish an electric shunt truck. The company tool a delivery of LoneStar SV tractor, which is particularly charged using a Terra94/124/884 CC dual-outlet CCS charger along with the cable management system. The charging station is installed outdoors, and it is expected to run up to 20 hours a day and provides a facility of opportunity charged to the terminal tractor when a driver is not available.
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Cummins Inc., released a new PowerDriveTM 8000 for terminal tractor- In December 2021, Cummins releases its new PowerDriveTM8000 system to integrate into the terminal tractor applications. Along with Kalmar, the company will begin its first tests in early 2022. The new addition in the terminal tractors will bring the necessary duty cycle and power requirement for the distribution and port environment. Moreover, this system is integrated with compact, temperature-controlled batteries that allow the vehicles to operate in every climate condition across the globe.
Orange EV is developing a new electric terminal tractor- The company has developed a new electric terminal tractor that is designed to meet the rising cargo handling and lifting demands required by the port and rail intermodal operations. The new electric tractor is designed with various features such as, it provides a speed of up to 32 mph, having a battery capacity of up to 233 kwh and fast charging allows to run for 24 hours.
Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered- by propulsion type, by application
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- Cargotec Corp., Hyster Yale Materials Handling Inc., Konecranes., USA Truck Inc., Volvo Group, Autocar LLC, Tico Tractors, and others.
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Global Terminal Tractor Market– Segmentation
By PropulsionType
- Diesel
- Electric
- Hybrid
By Appplication
- Inland Waterways and Marine
- Railways
- Others(applications)
Global Terminal Tractor Market – Segmentation by Region
North America
United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Autocar LLC
- Battle Motors
- Blyyd
- Chengli Special Automobile Co. Ltd.
- China National Heavy Duty Truck Group Co. Ltd.
- CVS Ferrari S.P.A
- Days Worth International
- Dongfeng Commercial Vehicle Co. Ltd.
- Faw Jiefang Automotive Co. Ltd.
- Hoist Material Handling Inc.
- Linde Material Handling Gmbh
- Mafi Transport System Gmbh
- Moi Cy Nv
- Orange EV
- Rev Group Inc.
- Sany Group
- Sisu Axles Inc.
- Terberg
- Tico Tractors
- Tii Sales Transporter Industry
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