Automated Tow Tractor companies

  • Report ID: 3063
  • Published Date: Oct 01, 2025
  • Report Format: PDF, PPT

Key Automated Tow Tractor Market Players:

    The automated tow truck market is poised to exhibit rapid growth during the forecast timeline. Key players in the market are actively integrating long-term policies and initiatives to maintain a competitive advantage in the market. A notable strategic move was made by Tesla in 2023 through the expansion of their automated vehicle fleet, which included a focus on electric tow tractors for logistics centers. Here is a list of key players operating in the automated tow tractor market.

    Company Name

    Headquarters

    Estimated Revenue Share (%)

    Tesla, Inc.

    USA

    22%

    Hyster-Yale Materials Handling

    USA

    13%

    JBT Corporation

    USA

    12%

    Kion Group AG

    Germany

    9%

    Linde Material Handling

    Germany

    9%

    Raymond Corporation

    USA

    XX

    Mitsubishi Logisnext

    Japan

    XX

    CVS Ferrari

    Italy

    XX

    Baoli Forklifts

    China

    XX

    Hangcha Group

    China

    XX

    Daimler AG

    Germany

    XX

    XPO Logistics

    USA

    XX

    Hyundai Heavy Industries

    South Korea

    XX

    Komatsu Ltd.

    Japan

    XX

    Toyota Industries

    Japan

    XX

    Doosan Industrial Vehicle

    South Korea

    XX

    HANGCHA

    China

    XX

    Below are the areas covered for each company that is a key player in the market:

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

The automated tow tractor is poised to expand at a CAGR of 14.93% during the forecast period from 2026 to 2035. By the end of 2026, the market was valued at USD 8.83 billion.

The automated tow tractor market registered a valuation worth USD 7.70 billion and is expected to expand at a CAGR of 14.93% during the forecast period from 2026 to 2035 and account for a valuation of USD 30.95 billion in 2035.

The major players in the market are Tesla, Inc., JBT Corporation, Hyster-Yale Materials Handling, Kion Group AG, Linde Material Handling, Raymond Corporation, Mitsubishi Logisnext, CVS Ferrari, XPO Logistics, and others are dominating the market.

The electric segment of the automated tow tractor market is expected to account for a major revenue share of 47.5% by the end of 2035. The segment’s growth is owed to the rising adoption of automated EV mobility solutions across the world.

North America automated tow tractor market is poised to hold a leading revenue share of 43.2% by the end of 2035. Due to the region’s well-established e-commerce and logistics industries, the demand for automated tow tractors has remained consistent.
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