Market Overview:
The global automated tow tractor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automated tow tractors from various end-use industries, such as industrial, supermarket, airports and railways, and others. Additionally, the increasing adoption of automated tow tractors by small and medium-sized businesses is also contributing to the growth of this market.
Product Definition:
An automated tow tractor is a piece of equipment used to move heavy objects by attaching a rope or chain to the object and then pulling it with the tractor. The importance of an automated tow tractor is that it can move heavy objects quickly and easily, without requiring someone to physically pull them. This makes it ideal for moving large objects in factories or other industrial settings.
Light-Duty:
Light-Duty is a term used for equipment that tows light loads such as small boats, canoes, rafts or other light-weighted vehicles. The demand for Light-Duty has been on the rise in recent years owing to the growing number of recreational users and adventure enthusiasts across the globe. These consumer groups have been increasing their spending on purchasing new and advanced equipment that are capable of towing various types of vehicles.
Medium-Duty:
Medium-duty and heavy-duty are two types of automated tow tractors used for towing vehicles. The difference between the two is that medium duty has a capacity of up to 8,000 LBS while the heavy duty can tow up to 16,000 LBS. Medium-Duty Tow Tractor (MDT) market is expected to witness significant growth over the forecast period owing to its increasing demand in light vehicle fleet management as well as in roadside assistance applications.
Application Insights:
The application segment is segregated into five parts including industrial, supermarket, airports and railways, others. The supermarkets segment is expected to be the fastest-growing market for automated tow tractors over the forecast period owing to increasing demand for food products from a growing population coupled with rising disposable income levels in developing countries such as India and China.
Automated tow tractors are widely used at airports not only by airlines but also by airport authorities in various capacities such as aircraft pushback/parking assistance and cargo handling services. They are also used at railway stations to assist trains in moving towards their destinations.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing road construction activities and stringent regulations for driver’s safety coupled with comfort while driving. Moreover, growing demand for food delivery services has led to an increase in goods transport across North America, which will further boost growth over the next eight years.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising disposable income of consumers and rapid industrialization across countries such as China, India, Japan among others are expected drive regional demand during 2018-2030 periods respectively. Furthermore; government initiatives encouraging investments in infrastructure development are also likely contribute towards regional growth trends over a long term horizon (8 year).
Growth Factors:
- Increasing demand for automated tow tractor from the automotive and transportation sector for towing and moving heavy vehicles.
- Growing popularity of automated tow tractor owing to its features such as precision, accuracy, and reliability in various industrial applications.
- Rising adoption of automated tow tractor in material handling operations across different industries for handling large or heavy objects easily and quickly.
- Technological advancements in the design of automated tow tractor that are making it more efficient, reliable, and user-friendly than traditional manual methods of towing or moving heavy objects around factories, warehouses, etcetera.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automated Tow Tractor Market Research Report
By Type
Light-Duty, Medium-Duty, Heavy-Duty
By Application
Industrial, Supermarket, Airports and Railways, Others
By Companies
Jungheinrich, Hyster-Yale Group, SPAN, Toyota Industries, Linde Material Handling, Motrec International, Polaris, Alke
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Automated Tow Tractor Market Report Segments:
The global Automated Tow Tractor market is segmented on the basis of:
Types
Light-Duty, Medium-Duty, Heavy-Duty
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Supermarket, Airports and Railways, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Jungheinrich
- Hyster-Yale Group
- SPAN
- Toyota Industries
- Linde Material Handling
- Motrec International
- Polaris
- Alke
Highlights of The Automated Tow Tractor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light-Duty
- Medium-Duty
- Heavy-Duty
- By Application:
- Industrial
- Supermarket
- Airports and Railways
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automated Tow Tractor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automated tow tractor is a machine that tows vehicles. It uses sensors to detect the vehicle's location and movement, and then uses motors to pull the vehicle.
Some of the major players in the automated tow tractor market are Jungheinrich, Hyster-Yale Group, SPAN, Toyota Industries, Linde Material Handling, Motrec International, Polaris, Alke.
The automated tow tractor market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automated Tow Tractor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automated Tow Tractor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automated Tow Tractor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automated Tow Tractor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automated Tow Tractor Market Size & Forecast, 2018-2028
4.5.1 Automated Tow Tractor Market Size and Y-o-Y Growth
4.5.2 Automated Tow Tractor Market Absolute $ Opportunity
Chapter 5 Global Automated Tow Tractor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automated Tow Tractor Market Size Forecast by Type
5.2.1 Light-Duty
5.2.2 Medium-Duty
5.2.3 Heavy-Duty
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automated Tow Tractor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automated Tow Tractor Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Supermarket
6.2.3 Airports and Railways
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automated Tow Tractor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automated Tow Tractor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automated Tow Tractor Analysis and Forecast
9.1 Introduction
9.2 North America Automated Tow Tractor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automated Tow Tractor Market Size Forecast by Type
9.6.1 Light-Duty
9.6.2 Medium-Duty
9.6.3 Heavy-Duty
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automated Tow Tractor Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Supermarket
9.10.3 Airports and Railways
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automated Tow Tractor Analysis and Forecast
10.1 Introduction
10.2 Europe Automated Tow Tractor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automated Tow Tractor Market Size Forecast by Type
10.6.1 Light-Duty
10.6.2 Medium-Duty
10.6.3 Heavy-Duty
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automated Tow Tractor Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Supermarket
10.10.3 Airports and Railways
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automated Tow Tractor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automated Tow Tractor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automated Tow Tractor Market Size Forecast by Type
11.6.1 Light-Duty
11.6.2 Medium-Duty
11.6.3 Heavy-Duty
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automated Tow Tractor Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Supermarket
11.10.3 Airports and Railways
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automated Tow Tractor Analysis and Forecast
12.1 Introduction
12.2 Latin America Automated Tow Tractor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automated Tow Tractor Market Size Forecast by Type
12.6.1 Light-Duty
12.6.2 Medium-Duty
12.6.3 Heavy-Duty
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automated Tow Tractor Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Supermarket
12.10.3 Airports and Railways
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automated Tow Tractor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automated Tow Tractor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automated Tow Tractor Market Size Forecast by Type
13.6.1 Light-Duty
13.6.2 Medium-Duty
13.6.3 Heavy-Duty
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automated Tow Tractor Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Supermarket
13.10.3 Airports and Railways
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automated Tow Tractor Market: Competitive Dashboard
14.2 Global Automated Tow Tractor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jungheinrich
14.3.2 Hyster-Yale Group
14.3.3 SPAN
14.3.4 Toyota Industries
14.3.5 Linde Material Handling
14.3.6 Motrec International
14.3.7 Polaris
14.3.8 Alke
