Market Overview:
The global stand-in towing tractors market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for stand-in tow tractors from various end-use industries. Based on type, the light-duty tow tractor segment is expected to account for a major share of the global stand-in tow tractor market during the forecast period. This can be attributed to their low cost and easy maneuverability. However, the heavy-duty tow tractor segment is projected to grow at a higher CAGR owing to its ability handle heavier loads as compared with light duty tow tractors. Based on application, railway stations are expected hold a dominant position in terms of demand for stand-in towed tractors during the forecast period. This can be attributed factors such as increasing passenger traffic and stringent safety norms across railways stations globally.
Product Definition:
A stand-in tractor is a piece of equipment used in place of a primary tractor during towing operations. This allows the primary tractor to remain in service, while the stand-in tractor handles the towed load. The use of a stand-in tractor can be important for ensuring the safety of both the crew and equipment.
Light-duty Tow Tractors:
Light-duty tow tractors are a type of motor vehicle used to recover disabled vehicles and transport them to the repair facility. They are also used in situations where it is not economically feasible or practical for the owner of the damaged vehicle towing service his way out. The primary function of these vehicles is not heavy-duty construction work, although they can be utilized for this purpose as well.
Medium-duty Tow Tractors:
The global medium-duty tow tractors market size was valued at USD 3.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for these vehicles from end-use industries such as construction, mining, agriculture and forestry is anticipated to drive the industry growth over the next eight years.
Application Insights:
The railway stations segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The railway stations are major stops for travelers, freight trains, and passenger trains. These facilities require large vehicles that can carry luggage as well as passengers. Therefore, stand-in tow tractors are used at railway stations due to their ability to pull heavy loads with a short turning radius. This application segment is also projected to be one of the prominent revenue contributors during the forecast period for this new market development.
Airports are another key application area where these medium-duty tow tractors find extensive usage owing to their ability t o maneuver through narrow spaces with ease while loading or unloading baggage from aircrafts or helicopters on runways or taxiways using pushback/pull forward equipment along with other airport services such as ground crew assistance.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant rise in demand for tow tractors owing to an increase in infrastructure activities, especially construction activities. The growing infrastructural needs of developing countries such as China and India are projected to boost product demand over the forecast period.
The Asia Pacific region is home to some of the major railway stations including Beijing Railway Station, Shanghai Hong Kong & Macau station, Kolkata Port Head Quarters (PHQ) railway station among many others which need stand-in tow trucks for maintenance work on a regular basis. Thus, these factors are anticipated to drive regional growth during the forecast period. In addition, key manufacturers have expanded their presence across this region due high growth opportunities offered by various infrastructure projects along with rising awareness about safety standards amongst customers driving these vehicles coupled with stringent regulations imposed by regulatory bodies such as Indian Road Congress (IRC).
Growth Factors:
- Increasing demand for towing tractors from the construction and transportation sectors
- Growing popularity of stand-in towing tractors among end-users
- Rising investments in research and development activities by leading players in the market
- Proliferation of rental services for towing tractors across regions
- Emergence of new applications for towing tractors in various end-user industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Stand-in Towing Tractors Market Research Report
By Type
Light-duty Tow Tractors, Medium-duty Tow Tractors, Heavy-duty Tow Tractors
By Application
Railway Stations, Airports, Supermarkets, Industries, Warehouses, Others
By Companies
Alke, Bradshaw Electric Vehicles, Eagle Tugs, Godrej Material Handling, Helge Nyberg AB, Hyster, JBT, Jungheinrich AG, Linde Material Handling, Toyota Material Handling, Alke, Taylor-Dunn
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Stand-in Towing Tractors Market Report Segments:
The global Stand-in Towing Tractors market is segmented on the basis of:
Types
Light-duty Tow Tractors, Medium-duty Tow Tractors, Heavy-duty Tow Tractors
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
Railway Stations, Airports, Supermarkets, Industries, Warehouses, 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:
- Alke
- Bradshaw Electric Vehicles
- Eagle Tugs
- Godrej Material Handling
- Helge Nyberg AB
- Hyster
- JBT
- Jungheinrich AG
- Linde Material Handling
- Toyota Material Handling
- Alke
- Taylor-Dunn
Highlights of The Stand-in Towing Tractors 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 Tow Tractors
- Medium-duty Tow Tractors
- Heavy-duty Tow Tractors
- By Application:
- Railway Stations
- Airports
- Supermarkets
- Industries
- Warehouses
- 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 Stand-in Towing Tractors 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.
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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?
Stand-in Towing tractors are used to tow a vehicle while the regular tractor is being repaired or replaced.
Some of the key players operating in the stand-in towing tractors market are Alke, Bradshaw Electric Vehicles, Eagle Tugs, Godrej Material Handling, Helge Nyberg AB, Hyster, JBT, Jungheinrich AG, Linde Material Handling, Toyota Material Handling, Alke, Taylor-Dunn.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Stand-in Towing Tractors 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 Stand-in Towing Tractors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stand-in Towing Tractors 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 Stand-in Towing Tractors 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 Stand-in Towing Tractors Market Size & Forecast, 2018-2028
4.5.1 Stand-in Towing Tractors Market Size and Y-o-Y Growth
4.5.2 Stand-in Towing Tractors Market Absolute $ Opportunity
Chapter 5 Global Stand-in Towing Tractors 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 Stand-in Towing Tractors Market Size Forecast by Type
5.2.1 Light-duty Tow Tractors
5.2.2 Medium-duty Tow Tractors
5.2.3 Heavy-duty Tow Tractors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Stand-in Towing Tractors 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 Stand-in Towing Tractors Market Size Forecast by Applications
6.2.1 Railway Stations
6.2.2 Airports
6.2.3 Supermarkets
6.2.4 Industries
6.2.5 Warehouses
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stand-in Towing Tractors 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 Stand-in Towing Tractors 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 Stand-in Towing Tractors Analysis and Forecast
9.1 Introduction
9.2 North America Stand-in Towing Tractors 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 Stand-in Towing Tractors Market Size Forecast by Type
9.6.1 Light-duty Tow Tractors
9.6.2 Medium-duty Tow Tractors
9.6.3 Heavy-duty Tow Tractors
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 Stand-in Towing Tractors Market Size Forecast by Applications
9.10.1 Railway Stations
9.10.2 Airports
9.10.3 Supermarkets
9.10.4 Industries
9.10.5 Warehouses
9.10.6 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 Stand-in Towing Tractors Analysis and Forecast
10.1 Introduction
10.2 Europe Stand-in Towing Tractors 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 Stand-in Towing Tractors Market Size Forecast by Type
10.6.1 Light-duty Tow Tractors
10.6.2 Medium-duty Tow Tractors
10.6.3 Heavy-duty Tow Tractors
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 Stand-in Towing Tractors Market Size Forecast by Applications
10.10.1 Railway Stations
10.10.2 Airports
10.10.3 Supermarkets
10.10.4 Industries
10.10.5 Warehouses
10.10.6 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 Stand-in Towing Tractors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Stand-in Towing Tractors 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 Stand-in Towing Tractors Market Size Forecast by Type
11.6.1 Light-duty Tow Tractors
11.6.2 Medium-duty Tow Tractors
11.6.3 Heavy-duty Tow Tractors
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 Stand-in Towing Tractors Market Size Forecast by Applications
11.10.1 Railway Stations
11.10.2 Airports
11.10.3 Supermarkets
11.10.4 Industries
11.10.5 Warehouses
11.10.6 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 Stand-in Towing Tractors Analysis and Forecast
12.1 Introduction
12.2 Latin America Stand-in Towing Tractors 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 Stand-in Towing Tractors Market Size Forecast by Type
12.6.1 Light-duty Tow Tractors
12.6.2 Medium-duty Tow Tractors
12.6.3 Heavy-duty Tow Tractors
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 Stand-in Towing Tractors Market Size Forecast by Applications
12.10.1 Railway Stations
12.10.2 Airports
12.10.3 Supermarkets
12.10.4 Industries
12.10.5 Warehouses
12.10.6 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) Stand-in Towing Tractors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Stand-in Towing Tractors 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) Stand-in Towing Tractors Market Size Forecast by Type
13.6.1 Light-duty Tow Tractors
13.6.2 Medium-duty Tow Tractors
13.6.3 Heavy-duty Tow Tractors
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) Stand-in Towing Tractors Market Size Forecast by Applications
13.10.1 Railway Stations
13.10.2 Airports
13.10.3 Supermarkets
13.10.4 Industries
13.10.5 Warehouses
13.10.6 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 Stand-in Towing Tractors Market: Competitive Dashboard
14.2 Global Stand-in Towing Tractors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alke
14.3.2 Bradshaw Electric Vehicles
14.3.3 Eagle Tugs
14.3.4 Godrej Material Handling
14.3.5 Helge Nyberg AB
14.3.6 Hyster
14.3.7 JBT
14.3.8 Jungheinrich AG
14.3.9 Linde Material Handling
14.3.10 Toyota Material Handling
14.3.11 Alke
14.3.12 Taylor-Dunn
