Terminal Tractor Market worth $832 million by 2027 Terminal Tractor Market worth $832 million by 2027 | Page 4

The electric propulsion segment is expected to be the fastest-growing market for terminal
tractor from 2017 to 2027.
The electric propulsion market is expected to grow at the fastest rate during the forecast period
due to the increasing stringency in emission regulations. The industrial equipment emission
norms have constantly been upgraded across different regions. According to the EU norms,
NOx and PM levels have reduced by nearly 95.7% and 97.2%, respectively, from Stage I to
Stage V. Also, as per the US EPA norms, NOx, and PM levels have declined by 95.6% and 96.2%,
respectively, from Tier 1 to Tier 4. Countries such as China, Japan, South Korea, and India are
also following similar norms in line with these standards.
Europe: The largest terminal tractor market from 2017 to 2027.
The market in europe is expected to lead the terminal tractor market, in terms of value, during
the forecast period. Countries such as Germany, France, UK, and Spain are the key markets for
terminal tractor. As per the port equipment manufacturing association (PEMA), in 2017
deliveries of terminal tractor in Europe was the highest compare to other region. In Europe
marine activities in have long been drivers of economic growth, providing natural resources and
access to trade and transport, opportunities for recreation, etc. Maritime activities today
remain essential to the economy and to society in general, with high expectations for future
growth and it is expected to be the driving force behind Europe’s terminal tractor market.