Terminal Tractor Market worth $832 million by 2027 Terminal Tractor Market worth $832 million by 2027 | Page 3

The marine application is estimated to hold the largest share of the terminal tractor
market during the forecast period.
The marine application is projected to hold the largest market share from 2017 to 2027.
Container loading and unloading from larger ships are fully dependent on the availability
of terminal tractors and other port equipment. As per the Port Equipment Manufacturers’
Association (PEMA), the demand for terminal tractors mainly comes from medium and
larger ports in countries such as China, Japan, Singapore, Australia, India, and Vietnam in
Asia Oceania due to rapidly growing marine industry in Asian countries. All these factors
are expected to boost the demand for terminal tractors in marine application.
Some of the prominent players in the terminal tractor market are Kalmar (Finland),
Konecranes (Finland), Hyster (US), Sany (China), CVS Ferrari (Italy), and Hoist Liftruck
(US).
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