India Electric Tow Tugs Market Assessment, By Product Type [Pedestrian Controlled Tug, Stand-In Tug, Rider Seated Tug], By Capacity [Light Loaded, Medium Loaded, Heavy Loaded], By End-Use Industry [Airports & Railways, Warehouses, Supermarkets, Waste Facilities, Others], By Distribution Channel [Original Equipment Manufacturers (OEMs), Dealers and Distributors, Others], By Region, Opportunities, and Forecast, FY2017-FY2031F

India Electric Tow Tugs Market is anticipated to reach USD 0.62 billion in FY2031 at CAGR of 8.81% during the forecast period FY2024-FY2031 and was valued USD 0.34 billion in FY2023.

Home>Industry Reports>India Electric Tow Tugs Market Assessment, Opportunities, and Forecast, FY2017-FY2031F

India Electric Tow Tugs Market is anticipated to reach USD 0.62 billion in FY2031 at CAGR of 8.81% during the forecast period FY2024-FY2031 and was valued USD 0.34 billion in FY2023. The growing development of the industrial sector has led to the increased usage of tow tugs and companies are currently using technology and machines to replace human labour to reduce labour costs, boost efficiency, and reduce transit time. Warehouses have a substantial market share in India because to the growing adoption of tow tugs by retailers and small manufacturing companies. Increased worker safety awareness, shorter lead times, and more efficient operations drive the growth of the India tow tug market over the forecast period.

Tow tractors are basically deployed for manufacturing procedures and horizontal transport across long distances and typically utilised for moving pallets of other commodities as well as raw materials from warehouses. These vehicles are typically employed in tiny stocking areas, tight tunnels, steep hills, and uneven ground, resulting in cost-effective and convenient transportation. Furthermore, these tractors can increase the productivity of the worksite while also reducing delivery time and operating expenses. Tow tugs can also manage a wider range of loads, from light to large, more effectively and safely than forklifts.

The E-Commerce and Logistics Sectors are Expanding Rapidly

Due to a rise in the demand for package delivery services, the e-commerce and logistics sectors have experienced tremendous growth in recent years. To acquire a competitive edge over their competitors, companies are investing heavily in e-commerce and logistics for the taskforce's expansion.

Driverless Tow Tugs to Grow Prominently in the Material Handling Industry

In India electric tow tug market, autonomous guided vehicles (AGV) are gradually gaining popularity. Self-driving tow tugs enables autonomous material handling in both indoor and outdoor intralogistics processes as well as lean logistics. Autonomous tow tugs are used to boost the safety and flexibility while also reducing the operational costs, which is changing the outlook in the materials handling industry.

Impact of COVID-19 on India Electric Tow Tugs Market

Most tow tug producers are dealing with problems including supply chain disruption, a lack of labor, and factory closures because of the pandemic, which also has a negative impact on the tow tug production. Due to the government-declared lockdown in the nation, the pandemic has disrupted the demand and supply chain network for tow tugs in the commercial sector. The COVID-19   pandemic has severely impacted the travel ecosystem across the country, owing to the lockdowns, which has had a huge impact on the towing industry. The COVID-19 pandemic has caused a significant decrease in the movement of vehicles on the road, which had a significant negative impact on the India electric tow tug market.

Post COVID-19 the market is rising as the demand-supply chain is recovering in the logistics and transportation industry. As a result, electric tow tugs manufacturers are increasing their production in factories that causes significant growth in the India electric tow tugs market.

Impact of Russia-Ukraine War on India Electric Tow Tugs Market

Russia’s war in Ukraine has indirectly disrupted India’s recovery from the COVID-19 pandemic by disrupting trade of goods and raw materials for automobile industry. Similarly increased price of components and raw materials essential for electric tow tugs production went into a slight delay and also Indian imports of components for electric tow tugs got hampered due to the prolonged war.

India Electric Tow Tugs Market: Report Scope

India Electric Tow Tugs Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets & Data, providing in-depth analysis and assessment of the current situation of the electric tow tugs market in India, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecasts (2024-2031). Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year for Analysis

FY2023

Historical Period

FY2017-FY2022

Forecast Period

FY2024-FY2031

Projected Rate

CAGR of 8.81% from FY2024-FY2031

Revenue Forecast in FY2031

USD 0.62 Billion

Units

Revenue in USD and Volume in Units

Segments Covered

By Product Type

By Capacity

By End User Industry

By Distribution Channel

Regions Covered

East

West & Central

North

South

Key Companies Profiled

Toyota Material Handling India, Maini Materials Movement Pvt. Ltd., Ergo Handlers, Mahindra Stiller Auto Trucks Limited, Godrej Material Handling Pvt. Ltd., TIL Limited, MasterMover Ltd, Jungheinrich AG, KION Group, Mitsubishi Logisnext Co. Ltd., Nilkamal Material Handling Ltd., Tailift Material Handling Taiwan Co., Ltd., ACE Ltd., Guangxi LiuGong Machinery Co. Ltd., Hyster-Yale Materials Handling Inc.

Customization Scope

15% free report customization with purchase. Alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs.

Delivery Format

PDF and Excel through email (subject to the license purchased)

 

In this report, India Electric Tow Tugs Market has been segmented into following categories:

1.       India Electric Tow Tugs Market, By Product Type

1.1.    Pedestrian Controlled Tug

1.2.    Stand-In Tug

1.3.    Rider Seated Tug

2.       India Electric Tow Tugs Market, By Capacity

2.1.    Light Loaded

2.2.    Medium Loaded

2.3.    Heavy Loaded

3.       India Electric Tow Tugs Market, By End-Use Industry

3.1.    Airports & Railways

3.2.    Warehouses

3.3.    Supermarkets

3.4.    Waste Facilities

3.5.    Others

4.       India Electric Tow Tugs Market, By Distribution Channel

4.1.    Original Equipment Manufacturers (OEMs)

4.2.    Dealers and Distributors

4.3.    Others

5.       India Electric Tow Tugs Market, By Region

5.1.    East

5.2.    West & Central

5.3.    North

5.4.    South

Key Player Landscape and Outlook

Strategic long-term alliances and contracts are expected to play a vital role in maximising the revenue share of the commercial companies. Additionally, because of the rising demand, players are emerging from established market. Toyota Material Handling India, Maini Materials Movement Pvt. Ltd., Ergo Handlers, Mahindra Stiller Auto Trucks Limited, Godrej Material Handling Pvt. Ltd., TIL Limited, MasterMover Ltd, Jungheinrich AG, KION Group, Mitsubishi Logisnext Co. Ltd., Nilkamal Material Handling Ltd., Tailift Material Handling Taiwan Co., Ltd., ACE Ltd., Guangxi LiuGong Machinery Co. Ltd., Hyster-Yale Materials Handling Inc. are some of the key players dominating the India electric tow tug market .

Key Players Operating in India Electric Tow Tugs Market

·         Toyota Material Handling India

·         Maini Materials Movement Pvt. Ltd.

·         Ergo Handlers

·         Mahindra Stiller Auto Trucks Limited

·         Godrej Material Handling Pvt. Ltd.

·         TIL Limited

·         MasterMover Ltd

·         Jungheinrich AG

·         KION Group

·         Mitsubishi Logisnext Co. Ltd.

·         Nilkamal Material Handling Ltd.

·         Tailift Material Handling Taiwan Co., Ltd.

·         ACE Ltd.

·         Guangxi LiuGong Machinery Co. Ltd.

·         Hyster-Yale Materials Handling Inc.

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Table of Contents

1.       Product Overview

2.       Research Methodology

3.       Impact of Covid-19 on India Electric Tow Tugs Market

4.       Impact of Russia Ukraine War on India Electric Tow Tugs Market

5.       Executive Summary

6.       Voice of Customer

7.       India Electric Tow Tugs Market Outlook, FY2017-FY2031F

7.1.    Market Size & Forecast

7.1.1.By Value

7.1.2.By Volume

7.2.    Market Share & Forecast

7.2.1.By Product Type

7.2.1.1.              Pedestrian Controlled Tug

7.2.1.2.              Stand-In Tug

7.2.1.3.              Rider Seated Tug

7.2.2.By Capacity

7.2.2.1.              Light Loaded

7.2.2.2.              Medium Loaded

7.2.2.3.              Heavy Loaded

7.2.3.By End-User Industry

7.2.3.1.              Airports & Railways

7.2.3.2.              Warehouses

7.2.3.3.              Supermarkets

7.2.3.4.              Waste Facilities

7.2.3.5.              Others

7.2.4.By Distribution Channel

7.2.4.1.              Original Equipment Manufacturers (OEMs)

7.2.4.2.              Dealers and Distributors

7.2.4.3.              Others

7.2.5.By Region

7.2.5.1.              East

7.2.5.2.              West & Central

7.2.5.3.              North

7.2.5.4.              South

7.2.6.By Company Market Share (%), FY2023

8.       India Electric Tow Tug Market Mapping, FY2023

8.1.    By Product Type

8.2.    By Capacity

8.3.    By End-User Industry

8.4.    By Distribution Channel

8.5.    By Region

9.       Market Dynamics

9.1.    Trends and Developments

9.2.    Growth Drivers

9.3.    Growth Inhibitors

10.   Macro Environment and Industry Structure

10.1.                     Demand and Supply Analysis

10.2.                     Import Export Analysis

10.3.                     Value Chain Analysis

10.4.                     Porter’s Five Force Industry Analysis

10.4.1.    Threat of New Entrants

10.4.2.    Threat of Substitutes

10.4.3.    Competitive Rivalry

10.4.4.    Bargaining Power of Suppliers

10.4.5.    Bargaining Power of Consumer

10.5.                     PESTEL Analysis

10.5.1.    Political Factors

10.5.2.    Economic Overview

10.5.3.    Social Implications

10.5.4.    Environmental Impact

10.5.5.    Legal Factors & Regulatory Bodies

11.   Pricing Analysis

12.   Case Studies

13.   Competitive Landscape

13.1.                     SWOT Analysis of Key Five Market Leaders

13.2.                     Market Competition Matrix of Key Five Market Leaders

13.3.                     Market Revenue Analysis of Key Five Market Leaders (in %, 2023)

13.4.                     Mergers and Acquisitions/ Joint Ventures (If Applicable)

14.   Competition Outlook

14.1.                     Toyota Material Handling India

14.1.1.    Company Details

14.1.2.    Products & Services

14.1.3.    Financials (As reported)

14.1.4.    Key Market Focus & Geographical Presence

14.1.5.    Recent Developments

14.1.6.    Key Management Personnel

14.2.                     Maini Materials Movement Pvt. Ltd.

14.3.                     Ergo Handlers

14.4.                     Mahindra Stiller Auto Trucks Limited

14.5.                     Godrej Material Handling Pvt. Ltd.

14.6.                     TIL Limited

14.7.                     MasterMover Ltd

14.8.                     Jungheinrich AG

14.9.                     KION Group

14.10.                  Mitsubishi Logisnext Co. Ltd.

14.11.                  Nilkamal Material Handling Ltd.

14.12.                  Tailift Material Handling Taiwan Co., Ltd.

14.13.                  ACE Ltd.

14.14.                  Guangxi LiuGong Machinery Co. Ltd.

14.15.                  Hyster-Yale Materials Handling Inc.

15.   Strategic Recommendations

16.   About Us & Disclaimer

List of Figure_India Electric Tow-Tug Market

Figure 1. India Electric Tow-Tug Market, By Value, In USD Million, FY2016 - 2030F

Figure 2. India Electric Tow-Tug Market, By Volume, In Thousand Units, FY2016 - 2030F

Figure 3. India Electric Tow-Tug Market Share, By Product Type, In USD Million, FY2016 - 2030F

Figure 4. India Electric Tow-Tug Market Share, By Product Type, In Thousand Units, FY2016 - 2030F

Figure 5. India Electric Tow-Tug Market Share, By Capacity Type, In USD Million, FY2016 - 2030F

Figure 6. India Electric Tow-Tug Market Share, By Capacity Type, In Thousand Units, FY2016 - 2030F

Figure 7. India Electric Tow-Tug Market Share, By End User Industry, In USD Million, FY2016 - 2030F

Figure 8. India Electric Tow-Tug Market Share, By End User Industry, In Thousand Units, FY2016 - 2030F

Figure 9. India Electric Tow-Tug Market Share, By Distribution Channel, In USD Million, FY2016 - 2030F

Figure 10. India Electric Tow-Tug Market Share, By Distribution Channel, In Thousand Units, FY2016 - 2030F

Figure 11. India Electric Tow-Tug Market Share, By Region, In USD Million, FY2016 - 2030F

Figure 12. India Electric Tow-Tug Market Share, By Region, In Thousand Units, FY2016 - 2030F

Figure 13. By Product Type Map-Market Size (USD Million) & Growth Rate (%), FY2022

Figure 14. By Capacity Type Map-Market Size (USD Million) & Growth Rate (%), FY2022

Figure 15. By End User Industry Type Map-Market Size (USD Million) & Growth Rate (%), FY2022

Figure 16. By Distribution Channel Map-Market Size (USD Million) & Growth Rate (%), FY2022

Figure 17. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2022

List of Table_India Electric Tow-Tug Market

Table 1. Pricing Analysis of Products from Key Players

Table 2. Competition Matrix of Top 5 Market Leaders

Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)

Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

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