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Electric Tow Tractors Dominate with 60% Market Share
The global tow tractors market reached USD 3,401.2 million in 2022 and is projected to grow to USD 5,100.2 million by 2030, registering a CAGR of 5.2% during the forecast period (2023–2030). This growth is fueled by the rising adoption of automation in warehouses, expanding e-commerce logistics, and increased use of electric-powered tow tractors in industrial environments. Tow tractors,...
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