Advancement due to the trailer terminal tractor ![]() The factors that drives this Increased cargo handling coupled with economic growth across the globe, upcoming infrastructure development plans, and growth of the global economy are key factors that drive the growth of the market. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.Įquipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.įurther, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. ![]() This has hampered the growth of trailer terminal tractor market significantly from last few months, as is likely to continue during 2020.ĬOVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. Covid -19 impact on industry -ĬOVID-19 pandemic has shut-down the production of various products in trailer terminal tractor industry, mainly owing to the prolonged lockdown in major global countries. Infrastructure development, adoption of trailer terminal tractor in warehouse management, and increasing use of trailer terminal tractor in the metal industry are expected to offer significant opportunities to the trailer terminal tractor market during the forecast period. Furthermore, development of the electric terminal tractor is a major factor that is likely to increase the trailer terminal tractor market during the forecast period. Terminal tractors work effectively and efficiently, possess fast turnaround time, low operating cost, high reliability, and offer unique comfort and easily accessible service points. The trailer terminal tractor is designed specifically to be used at ports, container terminals, distribution and logistics centers, and industrial sites.
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