Registering a CAGR of 11.2% over the forecast period, the global vacuum truck market is anticipated to reach the market value of US$ 5382.8 million in the year 2027 from US$ 2303.7 million in the year 2021.
The global vacuum truck market size is predicted to hit USD 5382.8 million by 2027 and exhibit a CAGR of 11.2 % during the forecast period. The growing need for industrial cleaning applications is anticipated to fuel the market’s expansion. Additionally, increasing environmental awareness, rising urban population, and advancements in vacuum trucks are anticipated to foster growth of the market in the coming years.
Vacuum trucks are used in industrial units in several sectors. There are numerous applications for the operations of these trucks like catch basins, hydro-excavation, gutter sanitation line cleaning, storm drains, and containment pits. These trucks use a combination of vacuum high-pressure water and vacuum at various flow rates in order to clean pipes and basins. Generally, the material becomes damp or wet or even slurry sometimes. This type of damp or wet material can be carried with ease into the holding the body tank or debris with the help of these trucks.
Despite the greater frequency of vacuum trucks in the market, the downstream market is now a major stumbling block to industry expansion. As a result of the high demand for efficient cars and trucks both abroad and at home, a number of significant firms have entered the labor-efficient vacuum truck market. Furthermore, market expansion is projected to be hampered by limitations in the downstream market.
Top Key Players in the Vacuum Truck Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Vacuum Truck Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include Federal Signal, K&E, Vac-Con, KOKS, Sewer Equipment, GapVax, Cappellotto, Heli, Vacall Industries, Keith Huber, Rivard, Hi-Vac, Aerosun, Super Products, AFI, Amphitec, Disab, Chengli, Ledwell, Foton, Dongzheng, XZL, and others.
The vacuum Truck Market is segmented based on the type, applications, companies, and regions.
By Type, Vacuum Truck Market has been segmented into
By Application, Vacuum Truck Market has been segmented into
The North American market was worth USD 741.5 million. This region's supremacy is due to an increase in the number of rental fleet owners and applications in industrial regions. North America's dominance in the industry is due to this, as well as the prevalence of proper cleaning policies in the United States and Canada. Due to the increasing growth of numerous industries in the region, the market in Europe is predicted to rise at a significant CAGR. Due to the growing use of municipal and industrial slurry and sludge in the Asia Pacific, the market is expected to rise at a healthy rate. The market is predicted to grow as a result of these factors.
Vacuum Truck Market highlights the potential growth opportunities in upcoming years while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects in the global market. The Global Vacuum Truck Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR | CAGR of 11.20% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Federal Signal, K&E, Vac-Con, KOKS, Sewer Equipment, GapVax, Cappellotto, Heli, Vacall Industries, Keith Huber, Rivard, Hi-Vac, Aerosun, Super Products, AFI, Amphitec, Disab, Chengli, Ledwell, Foton, Dongzheng, XZL and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 134 |
Customization Available | Yes, the report can be customized as per your needs |
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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