TRAILER TERMINAL TRACTOR MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Trailer Terminal Tractor Market, By Fuel Type (Diesel, Electric, Hybrid, Others), By Tonnage Capacity (Below 50 Tons, 50-100 Tons, 101-150 Tons, 151-200 Tons, Above 200 Tons), By End-use Industry (Port Terminals, Warehouse & Logistics, Industrial, Urban Transport, Airport, Others), By Technology (Manual, Semi-automated, Autonomous, Others), By Number of Axles (4x2, 6x4, 8x4/8x6, Others), By geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

North America is expected to be the largest market for trailer terminal tractor market during the forecast period, accounting for over 40.0% of the market share in 2023. The growth of the market in North America is due to high adoption in the region’s large number of warehouses and distribution centers.
The Europe market is expected to be the second-largest market for trailer terminal tractor market, accounting for over 25.2% of the market share in 2023. The growth of the market in Europe is due to increasing seaport volumes and stringent emission regulations promoting electric models.
The Asia Pacific market is expected to be the fastest-growing market for trailer terminal tractor market, with a CAGR of over 16.8% during the forecast period. The growth of the market in Asia Pacific is due to rapidly growing e-commerce and manufacturing sectors in the region.

Figure 1. Global Trailer Terminal Tractor Market Share (%), by Region, 2023