Vacuum Truck Market
Vacuum Truck Market Forecasts to 2028 - Global Analysis By Product (Liquid Suctioning and Dry and Liquid Suctioning), Fuel Type (ICE and Electric), Application and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $1.30 BN |
|
Projected Year Value (2028) |
US $2.59 BN |
|
CAGR (2022 - 2028) |
12.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Vacuum Truck Market is accounted for $1.30 billion in 2022 and is expected to reach $2.59 billion by 2028 growing at a CAGR of 12.2% during the forecast period. Cities frequently utilise vacuum trucks, also referred to as vacuum tankers, to manage extensive liquid and sludge clean-up, most frequently in the maintenance of septic and sewer systems. They can also be used to suction water and debris left over from hydro-excavation or drilling projects in industrial and municipal environments. Vacuum tankers provide the environmental cleanup, storage tank maintenance, and waste management required by cities and industry, from removing dirt to exposing utility lines to prevent sewer system overloads.
According to the American Trucking Association (ATA), approximately 71% of the freight tonnage carried in the United States is transported by trucks.
Market Dynamics:
Driver:
Increasing need for industrial cleaning applications
Industrial vacuum tankers, usually referred to as vacuum loaders, are frequently used throughout the world to remove slurries, liquid, solid, and dry waste from challenging terrain. Furthermore, the strong vacuum system on these trucks takes the debris into the debris tank while breaking up the dirt with high-pressure water. The market is expanding as a result of the increased safety of such cars as well as the rising development in developing nations.
Restraint:
Huge demand for labour-efficient trucks
Numerous important businesses started entering the labor-efficient vacuum tanker market as a result of the high demand for efficient trucks and vehicles both domestically and overseas. Additionally, it is anticipated that restrictions in the downstream industry may impede market expansion. The market has also been hindered by limited production capacity following the first shutdown and the expensive cost of producing and servicing such trucks.
Opportunity:
Rise in environmental awareness
The expansion of the market is being impacted by factors such as the rise in urban population, better waste management practises, and innovation in features that save time and energy while executing tasks efficiently and effectively. Additionally, it is anticipated that the adoption of waste management procedures, along with government initiatives to raise public awareness of environmental waste management, will increase demand for these vehicles.
Threat:
High operating cost
The vacuum truck includes a number of sophisticated technological components. The cost of each of these sewage subsystems is significant, which ultimately raises the price of vacuum trucks used in cars. Because of the equipment's short lifespan and high maintenance costs, these machines are used roughly. This could turn consumers away from using manual cleaning methods, which would hinder the growth of the market.
Covid-19 Impact
The Vacuum Truck market is anticipated to go through a brief period of slow revenue growth. Production activities across numerous industries have been affected by supply-chain disruptions brought on by this outbreak. However, different market participants in the global vacuum truck market are currently putting more of an emphasis on the creation of profitable mergers, acquisitions or joint venture operations as a way to expand their respective clienteles. Key companies may expect a significant increase in business opportunities as a result of this aspect and the strong industrialization prospects in the growing economies.
The liquid suctioning segment is expected to be the largest during the forecast period
The liquid suctioning segment is estimated to have a lucrative growth, due to anticipated growth in water management projects, water treatment facilities, and global water conservation measures. Moreover, rapid urbanisation and industrialisation have led to a surge in waste generation, necessitating efficient waste management and sanitation services. Additionally, growing liquid-based suctioning in the commercial, industrial, and oil sectors will contribute to a major increase in their revenue.
The industrial segment is expected to have the highest CAGR during the forecast period
The industrial segment is anticipated to witness the fastest CAGR growths during the forecast period, due to trucks are becoming more and more necessary. There are numerous factors contributing to this domination, including the rapid expansion of the industrial sector in both industrialised and emerging nations. More and more people realise how vital trucks are. Small businesses or large industrial facilities, plumbing systems, and drains need cleaning.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to rental fleet owners in the area is becoming more and more well-known. The increased emphasis on cleanliness in nations, which is driving up demand for vacuum trucks for industrial cleaning, is another factor contributing to the market expansion. Additionally, the industry's expansion is being supported by the rising number of innovative vacuum truck launches.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the quick industrialization. The region's expanding need for hoover trucks for industrial cleaning is also boosting market expansion. The need for hoover trucks for extensive liquid and smudge cleaning is rising as a result of municipal companies spending more money on sewer repair, which is considerably boosting the industry's growth and the market as a whole.
Key players in the market
Some of the key players profiled in the Vacuum Truck Market include Dongzheng, Federal Signal, Vacall Industries, Keith Huber, Vac-Con, Vactor Inc, Sewer Equipment, KOKS. GapVax, Gradall Industries Inc, Cappellotto SPA and Fulongma Group Co Ltd.
Key Developments:
In March 2022, Vac-Con, Inc. announced the acquisition of assets of PEIRCE-EAGLE EQUIPMENT COMPANY. The acquisition is likely to assist the company in expanding its footprints.
In March 2021, Vac-Con has successfully launched their next generation of trailer-mounted sewer jet units under their VecJet portfolio. Consumers can select 375 gallon or 750-gallon water capacity engine with Gas and diesel as fuel options.
In April 2020, Vactor introduced IMPACT combination sewer cleaner with a compact design for easy manoeuvrability in tight, confined spaces. It is an economical choice for small-scale applications.
Products Covered:
• Liquid Suctioning
• Dry and Liquid Suctioning
Fuel Types Covered:
• ICE
• Electric
Applications Covered:
• Municipal
• Industrial
• General Cleaning
• Excavation
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Vacuum Truck Market, By Product
5.1 Introduction
5.2 Liquid Suctioning
5.3 Dry and Liquid Suctioning
6 Global Vacuum Truck Market, By Fuel Type
6.1 Introduction
6.2 ICE
6.3 Electric
7 Global Vacuum Truck Market, By Application
7.1 Introduction
7.2 Muncipal
7.3 Industrial
7.4 General Cleaning
7.5 Excavation
7.6 Other Applications
8 Global Vacuum Truck Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Dongzheng
10.2 Federal Signal Corporation
10.3 Vacall Industries
10.4 Keith Huber Inc
10.5 Vac-Con
10.6 Vactor Inc
10.7 Sewer Equipment
10.8 KOKS
10.9 GapVax
10.10 Gradall Industries Inc
10.11 Cappellotto SPA
10.12 Fulongma Group Co Ltd
List of Tables
1 Global Vacuum Truck Market Outlook, By Region (2020-2028) ($MN)
2 Global Vacuum Truck Market Outlook, By Product (2020-2028) ($MN)
3 Global Vacuum Truck Market Outlook, By Liquid Suctioning (2020-2028) ($MN)
4 Global Vacuum Truck Market Outlook, By Dry and Liquid Suctioning (2020-2028) ($MN)
5 Global Vacuum Truck Market Outlook, By Fuel Type (2020-2028) ($MN)
6 Global Vacuum Truck Market Outlook, By ICE (2020-2028) ($MN)
7 Global Vacuum Truck Market Outlook, By Electric (2020-2028) ($MN)
8 Global Vacuum Truck Market Outlook, By Application (2020-2028) ($MN)
9 Global Vacuum Truck Market Outlook, By Muncipal (2020-2028) ($MN)
10 Global Vacuum Truck Market Outlook, By Industrial (2020-2028) ($MN)
11 Global Vacuum Truck Market Outlook, By General Cleaning (2020-2028) ($MN)
12 Global Vacuum Truck Market Outlook, By Excavation (2020-2028) ($MN)
13 Global Vacuum Truck Market Outlook, By Other Applications (2020-2028) ($MN)
14 North America Vacuum Truck Market Outlook, By Country (2020-2028) ($MN)
15 North America Vacuum Truck Market Outlook, By Product (2020-2028) ($MN)
16 North America Vacuum Truck Market Outlook, By Liquid Suctioning (2020-2028) ($MN)
17 North America Vacuum Truck Market Outlook, By Dry and Liquid Suctioning (2020-2028) ($MN)
18 North America Vacuum Truck Market Outlook, By Fuel Type (2020-2028) ($MN)
19 North America Vacuum Truck Market Outlook, By ICE (2020-2028) ($MN)
20 North America Vacuum Truck Market Outlook, By Electric (2020-2028) ($MN)
21 North America Vacuum Truck Market Outlook, By Application (2020-2028) ($MN)
22 North America Vacuum Truck Market Outlook, By Muncipal (2020-2028) ($MN)
23 North America Vacuum Truck Market Outlook, By Industrial (2020-2028) ($MN)
24 North America Vacuum Truck Market Outlook, By General Cleaning (2020-2028) ($MN)
25 North America Vacuum Truck Market Outlook, By Excavation (2020-2028) ($MN)
26 North America Vacuum Truck Market Outlook, By Other Applications (2020-2028) ($MN)
27 Europe Vacuum Truck Market Outlook, By Country (2020-2028) ($MN)
28 Europe Vacuum Truck Market Outlook, By Product (2020-2028) ($MN)
29 Europe Vacuum Truck Market Outlook, By Liquid Suctioning (2020-2028) ($MN)
30 Europe Vacuum Truck Market Outlook, By Dry and Liquid Suctioning (2020-2028) ($MN)
31 Europe Vacuum Truck Market Outlook, By Fuel Type (2020-2028) ($MN)
32 Europe Vacuum Truck Market Outlook, By ICE (2020-2028) ($MN)
33 Europe Vacuum Truck Market Outlook, By Electric (2020-2028) ($MN)
34 Europe Vacuum Truck Market Outlook, By Application (2020-2028) ($MN)
35 Europe Vacuum Truck Market Outlook, By Muncipal (2020-2028) ($MN)
36 Europe Vacuum Truck Market Outlook, By Industrial (2020-2028) ($MN)
37 Europe Vacuum Truck Market Outlook, By General Cleaning (2020-2028) ($MN)
38 Europe Vacuum Truck Market Outlook, By Excavation (2020-2028) ($MN)
39 Europe Vacuum Truck Market Outlook, By Other Applications (2020-2028) ($MN)
40 Asia Pacific Vacuum Truck Market Outlook, By Country (2020-2028) ($MN)
41 Asia Pacific Vacuum Truck Market Outlook, By Product (2020-2028) ($MN)
42 Asia Pacific Vacuum Truck Market Outlook, By Liquid Suctioning (2020-2028) ($MN)
43 Asia Pacific Vacuum Truck Market Outlook, By Dry and Liquid Suctioning (2020-2028) ($MN)
44 Asia Pacific Vacuum Truck Market Outlook, By Fuel Type (2020-2028) ($MN)
45 Asia Pacific Vacuum Truck Market Outlook, By ICE (2020-2028) ($MN)
46 Asia Pacific Vacuum Truck Market Outlook, By Electric (2020-2028) ($MN)
47 Asia Pacific Vacuum Truck Market Outlook, By Application (2020-2028) ($MN)
48 Asia Pacific Vacuum Truck Market Outlook, By Muncipal (2020-2028) ($MN)
49 Asia Pacific Vacuum Truck Market Outlook, By Industrial (2020-2028) ($MN)
50 Asia Pacific Vacuum Truck Market Outlook, By General Cleaning (2020-2028) ($MN)
51 Asia Pacific Vacuum Truck Market Outlook, By Excavation (2020-2028) ($MN)
52 Asia Pacific Vacuum Truck Market Outlook, By Other Applications (2020-2028) ($MN)
53 South America Vacuum Truck Market Outlook, By Country (2020-2028) ($MN)
54 South America Vacuum Truck Market Outlook, By Product (2020-2028) ($MN)
55 South America Vacuum Truck Market Outlook, By Liquid Suctioning (2020-2028) ($MN)
56 South America Vacuum Truck Market Outlook, By Dry and Liquid Suctioning (2020-2028) ($MN)
57 South America Vacuum Truck Market Outlook, By Fuel Type (2020-2028) ($MN)
58 South America Vacuum Truck Market Outlook, By ICE (2020-2028) ($MN)
59 South America Vacuum Truck Market Outlook, By Electric (2020-2028) ($MN)
60 South America Vacuum Truck Market Outlook, By Application (2020-2028) ($MN)
61 South America Vacuum Truck Market Outlook, By Muncipal (2020-2028) ($MN)
62 South America Vacuum Truck Market Outlook, By Industrial (2020-2028) ($MN)
63 South America Vacuum Truck Market Outlook, By General Cleaning (2020-2028) ($MN)
64 South America Vacuum Truck Market Outlook, By Excavation (2020-2028) ($MN)
65 South America Vacuum Truck Market Outlook, By Other Applications (2020-2028) ($MN)
66 Middle East & Africa Vacuum Truck Market Outlook, By Country (2020-2028) ($MN)
67 Middle East & Africa Vacuum Truck Market Outlook, By Product (2020-2028) ($MN)
68 Middle East & Africa Vacuum Truck Market Outlook, By Liquid Suctioning (2020-2028) ($MN)
69 Middle East & Africa Vacuum Truck Market Outlook, By Dry and Liquid Suctioning (2020-2028) ($MN)
70 Middle East & Africa Vacuum Truck Market Outlook, By Fuel Type (2020-2028) ($MN)
71 Middle East & Africa Vacuum Truck Market Outlook, By ICE (2020-2028) ($MN)
72 Middle East & Africa Vacuum Truck Market Outlook, By Electric (2020-2028) ($MN)
73 Middle East & Africa Vacuum Truck Market Outlook, By Application (2020-2028) ($MN)
74 Middle East & Africa Vacuum Truck Market Outlook, By Muncipal (2020-2028) ($MN)
75 Middle East & Africa Vacuum Truck Market Outlook, By Industrial (2020-2028) ($MN)
76 Middle East & Africa Vacuum Truck Market Outlook, By General Cleaning (2020-2028) ($MN)
77 Middle East & Africa Vacuum Truck Market Outlook, By Excavation (2020-2028) ($MN)
78 Middle East & Africa Vacuum Truck Market Outlook, By Other Applications (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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