Market Overview:
The global tow tractors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for tow tractors from various end-use industries, such as railways stations, airports, supermarkets, and industries. Additionally, the increasing adoption of tow tractors for material handling applications is also contributing to the growth of this market. Based on type, the global tow tractor market can be segmented into pedestrian towed tractors, stand-in towed tractors and rider-seated towed tractors. Of these segments, pedestrian towed tractor held a major share of the global tow tractor market in 2017 and is expected to continue its dominance during the forecast period as well.
Product Definition:
A tow tractor, also known as a tugger or a yard tractor, is a small diesel-powered vehicle used to move trailers around in industrial and commercial settings. Tow tractors are often equipped with forks or clamps to move pallets of goods, and may also have an extendable arm for retrieving items from high shelves. They are an important piece of equipment in warehouses and distribution centers where they are used to move trailers full of goods between different areas of the facility.
Pedestrian Towing Tractors:
The global market for the tow tractors is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to increasing government initiatives and urban development in emerging economies such as India & China.
Increasing demand for automobiles, rising disposable income levels, and rapid industrialization are some of the factors that have contributed immensely towards the growth of this industry.
Stand-in Towing Tractors:
Stand-in tractors are used in place of regular tractors while the latter is being repaired or when it is not present. It can be used to extend the working life of a tractor by up to three years. The stand-in tractor has all the features of a normal one with some added features that make it useful for temporary applications such as tillage and cultivating among others.
The global market for tow tractors was valued at over USD 20 billion in 2016.
Application Insights:
The railway stations segment dominated the global tow tractors market in 2017. This can be attributed to the rising number of people traveling by train and increasing government expenditure on developing rail infrastructure. For instance, according to a 2018 article by The Economist, around USD 1 trillion has been invested in China over the past 10 years for expanding its railways network. Furthermore, with growing urbanization and construction of new cities along with it, there is an increased need for vehicles that are capable of maneuvering through narrow roads and difficult terrains. Therefore, passenger cars that are suitable for short hauls or runs from one place to another would not suffice; hence tow tractors are preferred over them as they offer better performance at a cheaper price tag.
Regional Analysis:
Asia Pacific dominated the global tow tractors market in 2017 and is expected to continue its dominance over the forecast period. The presence of key railway infrastructure companies such as China Railway Construction Corporation Limited, Japan Rail East Asia, and India Infrastructural Finance Company Limited (IIFCL) has resulted in high demand for rail infrastructure across countries such as China, Japan, Indonesia among others. This scenario is projected to drive the growth of railways application segment over the forecast period.
Europe was estimated at USD X million in 2017 owing to growing investments by governments towards construction of new airports.
Growth Factors:
- Increasing demand for towing services from the transportation and logistics sector
- Growing popularity of recreational vehicles and trailers
- Rising investments in infrastructure development projects
- Proliferation of online auction platforms for used tow tractors
- Increasing adoption of green technologies in towing applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Tow Tractors Market Research Report
By Type
Pedestrian Towing Tractors, Stand-in Towing Tractors, Rider-seated Towing 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, Motrec International Inc., Alke, Simai SPA, SPAN Trading LLC., Taylor-Dunn, The Raymond Corporation, Toyota Material Handling
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Tow Tractors Market Report Segments:
The global Tow Tractors market is segmented on the basis of:
Types
Pedestrian Towing Tractors, Stand-in Towing Tractors, Rider-seated Towing 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
- Motrec International Inc.
- Alke
- Simai SPA
- SPAN Trading LLC.
- Taylor-Dunn
- The Raymond Corporation
- Toyota Material Handling
Highlights of The Tow 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:
- Pedestrian Towing Tractors
- Stand-in Towing Tractors
- Rider-seated Towing 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 Tow 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?
Tow tractors are used to tow a vehicle or trailer.
Some of the major companies in the tow tractors market are Alke, Bradshaw Electric Vehicles, Eagle Tugs, Godrej Material Handling, Helge Nyberg AB, Hyster, JBT, Jungheinrich AG, Linde Material Handling, Motrec International Inc., Alke, Simai SPA, SPAN Trading LLC., Taylor-Dunn, The Raymond Corporation, Toyota Material Handling.
The tow tractors 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 Tow 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 Tow Tractors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tow 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 Tow 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 Tow Tractors Market Size & Forecast, 2018-2028
4.5.1 Tow Tractors Market Size and Y-o-Y Growth
4.5.2 Tow Tractors Market Absolute $ Opportunity
Chapter 5 Global Tow 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 Tow Tractors Market Size Forecast by Type
5.2.1 Pedestrian Towing Tractors
5.2.2 Stand-in Towing Tractors
5.2.3 Rider-seated Towing Tractors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tow 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 Tow 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 Tow 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 Tow 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 Tow Tractors Analysis and Forecast
9.1 Introduction
9.2 North America Tow 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 Tow Tractors Market Size Forecast by Type
9.6.1 Pedestrian Towing Tractors
9.6.2 Stand-in Towing Tractors
9.6.3 Rider-seated Towing 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 Tow 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 Tow Tractors Analysis and Forecast
10.1 Introduction
10.2 Europe Tow 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 Tow Tractors Market Size Forecast by Type
10.6.1 Pedestrian Towing Tractors
10.6.2 Stand-in Towing Tractors
10.6.3 Rider-seated Towing 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 Tow 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 Tow Tractors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tow 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 Tow Tractors Market Size Forecast by Type
11.6.1 Pedestrian Towing Tractors
11.6.2 Stand-in Towing Tractors
11.6.3 Rider-seated Towing 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 Tow 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 Tow Tractors Analysis and Forecast
12.1 Introduction
12.2 Latin America Tow 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 Tow Tractors Market Size Forecast by Type
12.6.1 Pedestrian Towing Tractors
12.6.2 Stand-in Towing Tractors
12.6.3 Rider-seated Towing 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 Tow 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) Tow Tractors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tow 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) Tow Tractors Market Size Forecast by Type
13.6.1 Pedestrian Towing Tractors
13.6.2 Stand-in Towing Tractors
13.6.3 Rider-seated Towing 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) Tow 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 Tow Tractors Market: Competitive Dashboard
14.2 Global Tow 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 Motrec International Inc.
14.3.11 Alke
14.3.12 Simai SPA
14.3.13 SPAN Trading LLC.
14.3.14 Taylor-Dunn
14.3.15 The Raymond Corporation
14.3.16 Toyota Material Handling
