Global Terminal Tractor Market Report 2022: Growing Demand from E-Commerce and Logistics Industries Drives Sector - ResearchAndMarkets.com
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Wednesday, November 23, 2022
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.
Key Points:
- 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.
- Terminal tractor electrification also eliminates the need to completely replace the engine, as is the case with diesel engines at approximately 25,000 working hours.
- For instance, Terberg (Netherlands) introduced electric vehicles with new EV technology, which include the YT203-EV terminal tractor and the BC202-EV body carrier.
- Such factors are supporting the growth of the terminal tractor market in Germany.