The global tow tractor market size was valued at USD 1.96 billion in 2022 and is expected to reach USD 2.88 billion by 2028, growing at a CAGR of 6.59% during the forecast period.

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The expansion of the e-commerce business is boosting the requirement for logistics services and is contributing to the growth of the tow tractor market. Moreover, tow tractors are increasingly gaining momentum in the manufacturing industry for several purposes. And retailers are investing a significant amount in tow tractors to enhance the logistics activities and make their work a little easier as these tractors are easy to handle and require less maintenance.

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Key Vendors

• Jungheinrich AG
• Alke
• Toyota Material Handling

Other Prominent Vendors

• Bradshaw
• Eagle Tugs
• Helge Nyberg AB
• Hyster-Yale Group, Inc.,
• Godrej Material Handling
• Linde Material Handling
• Motrec International Inc.
• John Bean Technologies
• STILL
• Kalmar Motors
• VOLK
• Spijkstaal International B.V.

Segmentation by Product Type

• Manual
• Self-Driven

Segmentation by Sub-product Type

• Rider-seated
• Stand-in
• Pedestrian

Segmentation by Load Capacity

• Light Duty
• Medium Duty
• Heavy Duty

Segmentation by Fuel Type

• Electric
• Diesel
• Gas
• Propane

Segmentation by Application

• Intralogistics & Warehousing
• Industrial
• Aerospace
• Food & Beverages
• Others

Segmentation by Sales Channel

• Direct Sales
• Indirect Sales

Segmentation by Geography

• APAC
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• North America
  • US
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE