The India terminal tractor market witnessed significant growth in the past and is expected to grow at a CAGR of 6.9% during the forecast period (2022-2030).
A terminal tractor is a semi-truck that moves semi-trailers inside a cargo yard, warehouse, or intermodal facility like a switcher locomotive positions in a railcar. A shunt truck, spotter truck, spotting tractor, yard truck, yard shifter, yard dog, yard goat, yard horse, yard jockey, and hostler are additional names.
An automated terminal tractor is necessary to deliver the highest performance possible to end users. Like the automated terminal tractor that Konecranes debuted in 2017 with a remote operating station, a specially created GUI, and an IT system that communicates with the Terminal Operating System (TOS). With this tractor, port operations may handle containers 25% more efficiently. The development of touch displays, rear-view cameras, GPS systems, microcontrollers, sensors (ultrasonic, Bluetooth, temperature, climate control, and environmental), and telematics systems is also being pursued by several terminal tractor manufacturers.
Like many other nations, India is putting more effort into lowering carbon emissions and switching to greener, more sustainable transportation options. Alternative fuel terminal tractors, such as those running on electricity or hydrogen, offer lesser emissions and better environmental performance. Opportunities for the adoption of electric terminal tractors in India are created by government measures to support electric mobility and sustainability in the transportation industry.
Significant foreign direct investment has flowed into India in manufacturing, logistics, and infrastructure industries. Foreign investment boosts trade and industrial expansion, increasing the need for effective cargo-handling machinery like terminal tractors. International businesses that enter the Indian market frequently introduce cutting-edge technologies and industry best practices, encouraging the adoption of cutting-edge solutions like terminal tractors.
Lift trucks and other labor-intensive manual cargo transport are still frequently utilized in India, especially in more compact logistical operations. Operators' dependence on conventional methods may hinder the adoption of terminal tractors because they may be averse to change or unaware of the advantages and cost-effectiveness of modern cargo handling equipment. To spur market expansion, overcoming the inertia associated with conventional approaches and raising knowledge of the benefits of terminal tractors is essential.
Significant investments are being made in infrastructure development throughout India, including the building and expansion of ports, logistics centers, and industrial zones. These initiatives offer suppliers and manufacturers of terminal tractors the chance to offer their cutting-edge machinery in support of effective cargo handling operations. The expanding infrastructure development in India creates a favorable market climate for terminal tractor firms to establish their footprint and meet the rising need for cargo transportation.
The India terminal tractor market is segmented based on Application, Drive Type, Tonnage, Type, Propulsion, and Country.
Based on Application, the Indian market is segmented by Airport, Marine Port, Oil and Gas, Warehouse, and logistics.
Warehouse and Logistics dominate the market and are expected to register a CAGR of 6.5% over the forecast period.
Based on Drive Type, the Indian market is segmented into 4x2, 4x4, and 6x4.
4x2 dominated the market and is expected to register a CAGR of 5.4% over the forecast period.
Based on Tonnage, the Indian market is segmented into <50 Ton, 50-100 Ton, and >100 Ton.
<50 dominated the market and is expected to register a CAGR of 6.0% over the forecast period.
Based on Type, the Indian market is segmented into Manual and Automated.
Manual dominated the market and is expected to register a CAGR of 4.1% over the forecast period.
Based on Propulsion, the Indian market is segmented by Diesel, Electric, and Hybrid.
Diesel dominated the market and is expected to register a CAGR of 2.1% over the forecast period.
It's anticipated that the Indian terminal tractor market will expand. The rise in demand for terminal tractors in the warehousing and logistics sector is credited with driving the market's expansion. Trailers and containers are moved in and around warehouses, ports, and distribution centers using terminal tractors. The market for terminal tractors is expanding because of the rising demand for e-commerce. The demand for terminal tractors to transport goods from warehouses to distribution centers is rising as e-commerce companies expand their businesses.
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