"Market Intelligence for High-Geared Performance"
The global vacuum truck market size was valued at USD 2,303.7 million in 2019 and is projected to reach USD 5,382.8 million by 2027, exhibiting a CAGR of 11.2% during the forecast period.
These trucks are used in industrial units in various sectors. There are different applications for the operation of these trucks in the market, such as gutter sanitation line cleaning, catch basins, storm drains, hydro–excavation, and containment pits. These trucks use a combination of vacuum high-pressure water and vacuum at various flow rates to clean basins and pipes. Normally the material becomes wet or damp and sometimes a slurry. This type of wet material can be carried easily into the holding debris or body tank with the help of these trucks.
COVID-19 Pandemic Impact on Market
The impact of the COVID-19 pandemic on certain automotive production segments is expected to be more noticeable owing to the slowdown in non-emergency procedures. Regarding the global vacuum truck demand, COVID-19 has damaged prospects across the board in 2020. Starting with less opportunities for the production of heavy-duty, medium-duty, and trailer is ultimately affecting the economic development. Elsewhere functional changes in the instant near-term, the longer-term expectations are unaffected presently, with expectations that the markets will improve to trend starting in 2022.”
Countries globally have shut down their production plants for public safety. Various countries have shut down all the showrooms due to they are not under emergency facilities. Thus, this COVID-19 has led to a significant impact on the number of consumers visits to showrooms across the globe.
Request a Free sample to learn more about this report.
Rapid Growth Amongst the Alliance of Construction Apparatus Vendors and Rental Fleet Holders
The broad application of these trucks promotes the growth of consumer segments and the increasing demand for labor-efficient trucks is bringing a fundamental change to the market. Moreover, with increased alliance among construction apparatus vendors and rental fleet holders, the products are being developed and designed as per the consumer need. Rental corporations form a huge consumer segment in the market. Despite the present problems, the market is expected to recover, stockholders are hopeful about new areas for investments, thus aiding the expansion of the market.
Rising Need for Industrial Cleaning Applications is Gaining the Traction
Industrial vacuum trucks are also called as vacuum loaders with a long history and worldwide industrial vacuum loader which contain, recover, and carry slurries, liquids, solids, dry bulk powders, and thick mud from reach to hard areas. The trucks are developed and designed from the ground up with input from consumers to tackle the most challenging dry or wet industrial liquids sludge or slurry, cleaning applications. Numerous models, choices, and off-loading solutions are accessible to ensure the finest fit for the cleaning applications. Thus, these parameters are contributing to the growth of the market during the forecast period.
Launch of Innovative and Advance Vacuum Trucks is Propelling Growth of the Market
These trucks are designed to bear, cleaning up a full field of materials, and recycling and recovering valuable raw materials. The key players are focusing on developing innovative and advance vacuum trucks which are easy to maintain and simple to operate, which can give consumer rugged performance wherever and whenever it will be needed. The new types of trucks continue to perform even in extreme conditions. The new types of trucks are reliable and durable, thus, there is rapid growth in the adoption of these trucks across the globe. For example, Air vacuum mover trucks with a cyclone separator are developed for heavy industrial use and are suitable for displacing (option), suctioning, transporting and discharging wet, dry and hazardous substances, for example various types of (roof) gravel, catalyst, fly ash, powders, and sludge.
Large Demand of Labor-Efficient Trucks to Limit Market Adoption
Despite, higher prevalence of vacuum trucks in the market, currently, a key challenge faced by the market growth is the restraint of the downstream market. As a large demand for efficient vehicles and trucks or vehicles abroad and home, various key players began to come in the field of labor-efficient vacuum truck sector. Moreover, limitation in the downstream market is also expected to hinder the growth of the market
To know how our report can help streamline your business, Speak to Analyst
Liquid and Dry Suctioning Segment to Grow at Faster Pace during 2020-2027
Based on product type, the market includes liquid suctioning only and liquid and dry suctioning. The liquid and dry suctioning segment held a dominant vacuum truck market share in 2019. The dominance is owing to liquid and dry suctioning truck works on the principle of pneumatic transportation. The liquid suctioning only segment is projected to register a substantial CAGR by 2027 due to the increasing application of liquid suctioning only in various cleaning sectors. These factors are anticipated to boost the growth trends of the market over the forecast period at a significant CAGR.
Industrial Segment Dominated the Market in 2019
Based on the application type, the market is segmented into industrial, excavation, municipal, general cleaning, and others. The industrial segment is anticipated to hold maximum share in terms of value and volume. As there is rapid growth in the industrial sector across the developing and developed countries, there is an increasing need for the trucks. Furthermore, the municipal segment is also expected to hold the second-largest share in the market as there is an increasing need for the cleaning municipal waste materials. Excavation and general cleaning segments are also projected to hold a significant share in terms of market value and volume during the forecast period at substantial CAGR.
North America Vacuum Truck Market Size, 2019 (USD Million)
To get more information on the regional analysis of this market, Request a Free sample
The market size in North America stood at USD 741.5 million in 2019. The dominance of this region is attributable to the increasing prevalence of rental fleet owners and applications in industrial areas. This, along with the presence of adequate cleaning policies in the U.S and Canada, is responsible for the dominance of North America in the market. The market in Europe is expected to grow at a noteworthy CAGR due to the rapid growth in various industries in the region. The market in Asia Pacific is anticipated to exhibit healthy growth rate due to the increasing municipal and industrial slurry and sludge. These factors are expected to contribute to the growth of the market.
Strong Portfolio hasPropelled KOKS, KeithHuber, and Vacall Industries to Lead the Global Market.
The market is consolidated owing to the strong product portfolio and noteworthy distribution network of major companies in developed and emerging countries. Currently, Federal Signal, Vac-Con, K&E, GapVax, KOKS, Keith Huber, Sewer Equipment, Cappellotto, Heli, Dongzheng, Vacall Industries, Rivard, Hi-Vac, Aerosun, Super Products, Disab, AFI, Amphitec, Ledwell, Chengli, Foton, and XZL.
The key players are focusing on developing technologically advanced vacuum truck, for instance, KOKS United States, has Specially produced this type of truck for working with contaminated and hazardous substances. These trucks are available in DOT 407/412, ASME, and/or ATEX standards and built in accordance with all applicable safety standards.
This market research report provides a detailed analysis of the global vacuum truck industry and focuses on key aspects such as leading companies, product types, and leading applications of the product.
An Infographic Representation of Vacuum Truck Market
To get information on various segments, share your queries with us
Besides this, the report offers insights into the market trends and highlights on the competitive landscape. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the advanced market over recent years.
Value (USD Million) and Volume (Units)
By Product Type
By Application Type
Fortune Business Insights says that the global vacuum truck market size was valued at USD 2,303.7 million in 2019 and is projected to reach USD 5,382.8 million by 2027.
In 2019, the North America market value stood at USD 741.5 million.
Growing at a CAGR of 11.2%, the market will exhibit steady growth in the forecast period (2020-2027).
The Industrial segment is expected to be the leading segment in this market during the forecast period.
Launch of innovative and advanced vacuum trucks is propelling the growth of the market
KOKS, Keith Huber, and Vacall Industries are major players of the global market.
North America dominated the market share in 2019.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry