Tow Tractor Market – Global Industry Analysis and Forecast (2021-2027), by Product Type, Load Capacity, Power Source, Application and Region

Tow Tractor Market was valued $1.4Bn in 2020 and is expected to reach $1.85Bn by 2027, at a CAGR of 4.1% during the forecast period.

Tow Tractor Market Introduction

Tow tractors are warehouse machines that handle various materials. They are usually used for transporting raw materials in warehouses and pallets of other goods. Other than using tow tractors for work in warehouses, they can also be used in locations such as airports for moving cargo and baggage as well as to pull out the aircraft when it is preparing to depart. Tow tractors are ideal for applications such as manufacturing processes as well as horizontal transport over distances. Global Tow Tractor MarketTo know about the Research Methodology :- Request Free Sample Report

Tow Tractor Market Dynamics

The increasing automation of storage facilities and warehouses is increasing at a significant rate in emerging countries. Also, the increasing labor costs in developing countries expected to create demand for tow tractors in the market. The rising use of tow tractors to reduce the labor and to save the time of transportation is augmenting the growth of the tow tractors market. Furthermore, tow tractors increase productivity, reduce operational cost, and are also able to handle goods more secure and efficient manner, thus, rising demand for the tow tractor among the end-user which fuels the growth of the market. Compared to forklifts, tow tractors can handle various loads from light to heavy loads more safely and efficiently. Installing tractors in distribution centers or warehouses can enhance the efficiency and productivity, improve the safety of products and reduce the number of labor and time required for goods transportation.

Tow Tractor Market Segment Analysis

Rider-seated towing tractors hold the major share in the global market owing to the wide utilization of these tractors in factories and big industries for transporting goods and cargos, within the factory premises. The rider-seated towing tractors are more comfortable as compared to others and are more powerful as they have the ability to transfer heavy-duty cargo in one trip. They provide comfort to the driver and are highly convenient for transportation. Stand-in towing tractor segment also held a significant share in the global market as they are widely used in warehouses, supermarkets, and other small places to transport. The rapid expansion of the industrial sector is boosting the market growth for tow tractors. Global-Tow-Tractor-Market

Global Tow Tractor Market Regional Insights

The market in North America is expected to dominate the market during the forecast period owing to the growing awareness regarding workers safety, lowering the lead time, efficient operations, among other factors. Europe is expected to account for a prominent share in the global tow tractors market owing to high labor costs and stringent government regulations for material handling by European Union. Furthermore, the growing industrial and commercial sectors in the Asia Pacific region are expected to create demand for new warehouses, distribution centers, etc. This is expected to drive the tow tractors market in the region over the forecast period.

Global Tow Tractor Market Report Scope: Inquire before buying

Global Tow Tractor Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 1.4Bn.
Forecast Period 2021 to 2027 CAGR: 4.1% Market Size in 2027: US $ 1.85Bn.
Segments Covered: by Product • Pedestrian Towing Tractors • Stand-in Towing Tractors • Rider-seated Towing Tractors
by Load Capacity • Light-duty Tow Tractors • Medium-duty Tow Tractors • Heavy-duty Tow Tractors
by Power Source • Electric • Fuel
by Application • Railway Stations • Airports • Supermarkets • Industries • Warehouses • Others

Global Tow Tractor Market, by Region

• North America • Europe • South America • MEA • Asia Pacific

Global Tow Tractor Market Key Players

• Alke • Bradshaw Electric Vehicles • Eagle Tugs • Godrej Material Handling • Helge Nyberg AB • Hyster • JBT • Jungheinrich AG • Linde Material Handling • Motrec International Inc. • Polaris Inc. • Polaris Industries, Inc. • Simai SPA • SPAN Trading LLC. • Taylor-Dunn • The Raymond Corporation • Toyota Material Handling
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Tow Tractor Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Tow Tractor Market 3.4. Geographical Snapshot of the Tow Tractor Market, By Manufacturer share 4. Global Tow Tractor Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Tow Tractor Market 5. Supply Side and Demand Side Indicators 6. Global Tow Tractor Market Analysis and Forecast, 2020-2027 6.1. Global Tow Tractor Market Size & Y-o-Y Growth Analysis. 7. Global Tow Tractor Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 7.1.1. Pedestrian Towing Tractors 7.1.2. Stand-in Towing Tractors 7.1.3. Rider-seated Towing Tractors 7.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 7.2.1. Light-duty Tow Tractors 7.2.2. Medium-duty Tow Tractors 7.2.3. Heavy-duty Tow Tractors 7.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 7.3.1. Electric 7.3.2. Fuel 7.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 7.4.1. Railway Stations 7.4.2. Airports 7.4.3. Supermarkets 7.4.4. Industries 7.4.5. Warehouses 7.4.6. Others 8. Global Tow Tractor Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Tow Tractor Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 9.1.1. Pedestrian Towing Tractors 9.1.2. Stand-in Towing Tractors 9.1.3. Rider-seated Towing Tractors 9.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 9.2.1. Light-duty Tow Tractors 9.2.2. Medium-duty Tow Tractors 9.2.3. Heavy-duty Tow Tractors 9.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 9.3.1. Electric 9.3.2. Fuel 9.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 9.4.1. Railway Stations 9.4.2. Airports 9.4.3. Supermarkets 9.4.4. Industries 9.4.5. Warehouses 9.4.6. Others 10. North America Tow Tractor Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Tow Tractor Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 11.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 11.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 12. Canada Tow Tractor Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 12.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 12.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 13. Mexico Tow Tractor Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 13.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 13.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 14. Europe Tow Tractor Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 14.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 14.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 15. Europe Tow Tractor Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Tow Tractor Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 16.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 16.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 17. France Tow Tractor Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 17.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 17.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 18. Germany Tow Tractor Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 18.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 18.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 19. Italy Tow Tractor Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 19.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 19.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 20. Spain Tow Tractor Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 20.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 20.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 21. Sweden Tow Tractor Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 21.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 21.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 22. CIS Countries Tow Tractor Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 22.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 22.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 23. Rest of Europe Tow Tractor Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 23.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 23.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 24. Asia Pacific Tow Tractor Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 24.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 24.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 25. Asia Pacific Tow Tractor Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Tow Tractor Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 26.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 26.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 27. India Tow Tractor Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 27.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 27.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 28. Japan Tow Tractor Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 28.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 28.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 29. South Korea Tow Tractor Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 29.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 29.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 30. Australia Tow Tractor Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 30.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 30.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 31. ASEAN Tow Tractor Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 31.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 31.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 32. Rest of Asia Pacific Tow Tractor Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 32.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 32.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 33. Middle East Africa Tow Tractor Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 33.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 33.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 34. Middle East Africa Tow Tractor Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Tow Tractor Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 35.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 35.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 36. GCC Countries Tow Tractor Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 36.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 36.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 37. Egypt Tow Tractor Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 37.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 37.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 38. Nigeria Tow Tractor Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 38.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 38.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 39. Rest of ME&A Tow Tractor Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 39.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 39.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 40. South America Tow Tractor Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 40.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 40.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 41. South America Tow Tractor Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Tow Tractor Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 42.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 42.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 43. Argentina Tow Tractor Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 43.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 43.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 44. Rest of South America Tow Tractor Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By Load Capacity, 2020-2027 44.3. Market Size (Value) Estimates & Forecast By Power Source, 2020-2027 44.4. Market Size (Value) Estimates & Forecast By Application, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Tow Tractor Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Alke 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Bradshaw Electric Vehicles 45.3.3. Eagle Tugs 45.3.4. Godrej Material Handling 45.3.5. Helge Nyberg AB 45.3.6. Hyster 45.3.7. JBT 45.3.8. Jungheinrich AG 45.3.9. Linde Material Handling 45.3.10. Motrec International Inc. 45.3.11. Polaris Inc. 45.3.12. Polaris Industries, Inc. 45.3.13. Simai SPA 45.3.14. SPAN Trading LLC. 45.3.15. Taylor-Dunn 45.3.16. The Raymond Corporation 45.3.17. Toyota Material Handling 45.3.18. Other Key Players 46. Primary Key Insights

About This Report

Report ID 97476
Category Engineering Equipment
Published Date April 2021
Updated Date Feb 2022
Contact Us