The detailed segments and sub-segment of the market are explained below:Īccess full Report Description, TOC, Table of Figure, Chart, etc :. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. SPECIAL OFFER (Avail an Up-to 30% discount on this report) :. Major market player included in this report are: Whereas Asia pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to the large number of container ports where the demand for terminal tractors is high in the region. The large industrial base comprising of automotive manufacturing, aerospace and defense, and industrial verticals makes North America the leading region across the world in terms of market share. However, high cost associated with the deployment of terminal tractors impede market growth over the forecast period of 2021-2027.Īsia Pacific, North America, Europe, Latin America, and Rest of the World are the key region considered for the regional analysis of global terminal tractor. As a result, increased in demand from e-commerce and logistics industries will serve as a catalyst for the Terminal Tractor industry in the future.
The US e-commerce sector is expected to reach USD 1,200 billion by year 2024, which is representing 19.2% of total US retail sales. Also, the Food Industry Association noted that the online grocery shoppers rose by 49% in year 2020, and 43% were first-time users as a consumer. For instance, according to the report of US Census Bureau, in third quarter of year 2020 the US e-commerce had registered a growth of 7% and reached at USD 209.5 billion as compared to the same period in 2019, which represent around 14.3% of total US retail sales.
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Download Free Sample of This Strategic Report :- įurthermore, the rising technological advancement in terminal tractors, will provide new opportunities for the global Terminal Tractor industry.
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