Terminal Tractor Market - Growth, Trends, and Forecasts (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||946161|
|出版日期||內容資訊||英文 90 Pages
|碼頭曳引機市場-成長，趨勢，預測(2020年∼2025年) Terminal Tractor Market - Growth, Trends, and Forecasts (2020 - 2025)|
|出版日期: 2020年06月01日||內容資訊: 英文 90 Pages||
The Terminal Tractor Market is projected to grow with a CAGR of more than 5% during the forecast period.
Marine Port & Inland Waterways Segment Expected to Dominate the Market
By Application type, Marine port & Inland waterways is expected to capture the largest market share during the forecast period. Majority of trade activities between the economies of the world are carried out using marine transport. Share of total trade by volume in a developing nation like India with marine transport is 95% by volume and 75% by value. The reason being marine route is cheaper and convenient as compared to other modes of transport. Several governments are planning to increase the capacities of their ports to enhance their trading activities, which will is expected to help the terminal tractor market. For instance, in India, till November 2019, several projects with total*value*of USD 1.90 billion have been awarded in the last three years*for*upgradation of major ports.
In April 2020, Kalmar, has signed two separate orders with SSA Marine to supply a total of 36 Kalmar Ottawa T2 terminal tractors. The first agreement for 12 machines is for the company's Manzanillo International Terminal in Panama while the second agreement for 24 machines is for SSA Mexico in Colima, Mexico. The new terminal tractors will be used to transport containers from the quay to the yard at Manzanillo International Terminal and Colima, both of which are rubber-tyred gantry terminals. These kinds of developments are expected to help the market grow.
Asia-Pacific Expected to be the Largest Market
The region is responsible for almost 60% of the trade activities in the global domain. With the presence of some of the largest growing economies like India and China, the import and export activities are at high levels in the ports of these countries. During the forecast period looking at the economic outlook of these countries, activities are expected to rise substantially at both international and domestic ports. The growing e-commerce sector in the region is also enhancing the export and import cargo volumes in these countries. In China the export from e-commerce sector grew by more than 20% during the past few years. The government of India is also considering e-commerce exports as a big opportunity for Indian economy and estimates it around USD 450 billion with strength in areas such as Ayurveda, leather, handicrafts etc. Major ports in the region are spending heavily to enhance transportation and handling facilities at their ports to increase the volume and trade activities. This is expected to help the market over the forecast period.
The Terminal Tractor Market is fragmented one, with several players accounting for a smaller portion of market share. Some of the prominent companies in the Terminal Tractor Market are Kalmar, Konecranes, Sany, Hyster and others. These players are investing heavily in research and development of terminal tractors to provide green and clean fuel driven tractors to protect the environment and at the same time generate high power. For instance, in April 2019, Volvo Penta introduced its Electric Terminal tractor.
In February 2019, Kalmar has announced that it will bring an electric T2 tractor with Cummins drivetrain, to the European market in 2020.