PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284053
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284053
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
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 and KOKS.
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
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- 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
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- 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
- 10.3 Vacall Industries
- 10.4 Keith Huber
- 10.5 Vac-Con
- 10.6 Vactor Inc
- 10.7 Sewer Equipment
- 10.8 KOKS
List of Tables
- Table 1 Global Vacuum Truck Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Vacuum Truck Market Outlook, By Product (2020-2028) ($MN)
- Table 3 Global Vacuum Truck Market Outlook, By Liquid Suctioning (2020-2028) ($MN)
- Table 4 Global Vacuum Truck Market Outlook, By Dry and Liquid Suctioning (2020-2028) ($MN)
- Table 5 Global Vacuum Truck Market Outlook, By Fuel Type (2020-2028) ($MN)
- Table 6 Global Vacuum Truck Market Outlook, By ICE (2020-2028) ($MN)
- Table 7 Global Vacuum Truck Market Outlook, By Electric (2020-2028) ($MN)
- Table 8 Global Vacuum Truck Market Outlook, By Application (2020-2028) ($MN)
- Table 9 Global Vacuum Truck Market Outlook, By Muncipal (2020-2028) ($MN)
- Table 10 Global Vacuum Truck Market Outlook, By Industrial (2020-2028) ($MN)
- Table 11 Global Vacuum Truck Market Outlook, By General Cleaning (2020-2028) ($MN)
- Table 12 Global Vacuum Truck Market Outlook, By Excavation (2020-2028) ($MN)
- Table 13 Global Vacuum Truck Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 14 North America Vacuum Truck Market Outlook, By Country (2020-2028) ($MN)
- Table 15 North America Vacuum Truck Market Outlook, By Product (2020-2028) ($MN)
- Table 16 North America Vacuum Truck Market Outlook, By Liquid Suctioning (2020-2028) ($MN)
- Table 17 North America Vacuum Truck Market Outlook, By Dry and Liquid Suctioning (2020-2028) ($MN)
- Table 18 North America Vacuum Truck Market Outlook, By Fuel Type (2020-2028) ($MN)
- Table 19 North America Vacuum Truck Market Outlook, By ICE (2020-2028) ($MN)
- Table 20 North America Vacuum Truck Market Outlook, By Electric (2020-2028) ($MN)
- Table 21 North America Vacuum Truck Market Outlook, By Application (2020-2028) ($MN)
- Table 22 North America Vacuum Truck Market Outlook, By Muncipal (2020-2028) ($MN)
- Table 23 North America Vacuum Truck Market Outlook, By Industrial (2020-2028) ($MN)
- Table 24 North America Vacuum Truck Market Outlook, By General Cleaning (2020-2028) ($MN)
- Table 25 North America Vacuum Truck Market Outlook, By Excavation (2020-2028) ($MN)
- Table 26 North America Vacuum Truck Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 27 Europe Vacuum Truck Market Outlook, By Country (2020-2028) ($MN)
- Table 28 Europe Vacuum Truck Market Outlook, By Product (2020-2028) ($MN)
- Table 29 Europe Vacuum Truck Market Outlook, By Liquid Suctioning (2020-2028) ($MN)
- Table 30 Europe Vacuum Truck Market Outlook, By Dry and Liquid Suctioning (2020-2028) ($MN)
- Table 31 Europe Vacuum Truck Market Outlook, By Fuel Type (2020-2028) ($MN)
- Table 32 Europe Vacuum Truck Market Outlook, By ICE (2020-2028) ($MN)
- Table 33 Europe Vacuum Truck Market Outlook, By Electric (2020-2028) ($MN)
- Table 34 Europe Vacuum Truck Market Outlook, By Application (2020-2028) ($MN)
- Table 35 Europe Vacuum Truck Market Outlook, By Muncipal (2020-2028) ($MN)
- Table 36 Europe Vacuum Truck Market Outlook, By Industrial (2020-2028) ($MN)
- Table 37 Europe Vacuum Truck Market Outlook, By General Cleaning (2020-2028) ($MN)
- Table 38 Europe Vacuum Truck Market Outlook, By Excavation (2020-2028) ($MN)
- Table 39 Europe Vacuum Truck Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 40 Asia Pacific Vacuum Truck Market Outlook, By Country (2020-2028) ($MN)
- Table 41 Asia Pacific Vacuum Truck Market Outlook, By Product (2020-2028) ($MN)
- Table 42 Asia Pacific Vacuum Truck Market Outlook, By Liquid Suctioning (2020-2028) ($MN)
- Table 43 Asia Pacific Vacuum Truck Market Outlook, By Dry and Liquid Suctioning (2020-2028) ($MN)
- Table 44 Asia Pacific Vacuum Truck Market Outlook, By Fuel Type (2020-2028) ($MN)
- Table 45 Asia Pacific Vacuum Truck Market Outlook, By ICE (2020-2028) ($MN)
- Table 46 Asia Pacific Vacuum Truck Market Outlook, By Electric (2020-2028) ($MN)
- Table 47 Asia Pacific Vacuum Truck Market Outlook, By Application (2020-2028) ($MN)
- Table 48 Asia Pacific Vacuum Truck Market Outlook, By Muncipal (2020-2028) ($MN)
- Table 49 Asia Pacific Vacuum Truck Market Outlook, By Industrial (2020-2028) ($MN)
- Table 50 Asia Pacific Vacuum Truck Market Outlook, By General Cleaning (2020-2028) ($MN)
- Table 51 Asia Pacific Vacuum Truck Market Outlook, By Excavation (2020-2028) ($MN)
- Table 52 Asia Pacific Vacuum Truck Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 53 South America Vacuum Truck Market Outlook, By Country (2020-2028) ($MN)
- Table 54 South America Vacuum Truck Market Outlook, By Product (2020-2028) ($MN)
- Table 55 South America Vacuum Truck Market Outlook, By Liquid Suctioning (2020-2028) ($MN)
- Table 56 South America Vacuum Truck Market Outlook, By Dry and Liquid Suctioning (2020-2028) ($MN)
- Table 57 South America Vacuum Truck Market Outlook, By Fuel Type (2020-2028) ($MN)
- Table 58 South America Vacuum Truck Market Outlook, By ICE (2020-2028) ($MN)
- Table 59 South America Vacuum Truck Market Outlook, By Electric (2020-2028) ($MN)
- Table 60 South America Vacuum Truck Market Outlook, By Application (2020-2028) ($MN)
- Table 61 South America Vacuum Truck Market Outlook, By Muncipal (2020-2028) ($MN)
- Table 62 South America Vacuum Truck Market Outlook, By Industrial (2020-2028) ($MN)
- Table 63 South America Vacuum Truck Market Outlook, By General Cleaning (2020-2028) ($MN)
- Table 64 South America Vacuum Truck Market Outlook, By Excavation (2020-2028) ($MN)
- Table 65 South America Vacuum Truck Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 66 Middle East & Africa Vacuum Truck Market Outlook, By Country (2020-2028) ($MN)
- Table 67 Middle East & Africa Vacuum Truck Market Outlook, By Product (2020-2028) ($MN)
- Table 68 Middle East & Africa Vacuum Truck Market Outlook, By Liquid Suctioning (2020-2028) ($MN)
- Table 69 Middle East & Africa Vacuum Truck Market Outlook, By Dry and Liquid Suctioning (2020-2028) ($MN)
- Table 70 Middle East & Africa Vacuum Truck Market Outlook, By Fuel Type (2020-2028) ($MN)
- Table 71 Middle East & Africa Vacuum Truck Market Outlook, By ICE (2020-2028) ($MN)
- Table 72 Middle East & Africa Vacuum Truck Market Outlook, By Electric (2020-2028) ($MN)
- Table 73 Middle East & Africa Vacuum Truck Market Outlook, By Application (2020-2028) ($MN)
- Table 74 Middle East & Africa Vacuum Truck Market Outlook, By Muncipal (2020-2028) ($MN)
- Table 75 Middle East & Africa Vacuum Truck Market Outlook, By Industrial (2020-2028) ($MN)
- Table 76 Middle East & Africa Vacuum Truck Market Outlook, By General Cleaning (2020-2028) ($MN)
- Table 77 Middle East & Africa Vacuum Truck Market Outlook, By Excavation (2020-2028) ($MN)
- Table 78 Middle East & Africa Vacuum Truck Market Outlook, By Other Applications (2020-2028) ($MN)
