Vacuum Truck Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Vacuum Truck Market
The Vacuum Truck market size was valued at USD 1.86 billion in 2023, and the market is now projected to grow from USD 1.97 billion in 2024 to USD 3.48 billion by 2032, exhibiting a CAGR of 7.4% during the forecast period of 2024-2032.
The global Vacuum Truck Market growth has been upset by the COVID-19 pandemic which led to an overall fall in demand and production delays because of lockdowns and uncertain economic conditions. With the improvement in the economy taking place and ongoing demands for sanitation, it is anticipated that this industry will experience slow recovery facilitated by new calls for waste disposal services.
Vacuum loaders, otherwise known as industrial vacuum tankers, are globally applied in purging alcoholic liquids, slurries and dry waste ranging from hard-to-reach areas. The cleaner was redesigned using the feedback from customers for the purpose of solving such kind of tasks. Diverse tactics and techniques have been adopted by firms to grow their industrial vacuum truck market share.
There is a considerable increase in the global vacuum truck market. The increase is fueled by the rapidly growing partnerships among construction equipment manufacturers who are coming together for the first time. They are forming these partnerships with the objective of boosting market expansion and improving performance and efficacy of vacuum trucks in different sectors ranging from construction to municipality services; oil and gas exploration as well as environmental cleanup operations.
Comprehensive Vacuum Truck Market
The Vacuum Truck market is growing at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Product Type Analysis, by Application Analysis. The Product Type Analysis includes liquid & dry suctioning and liquid suctioning only. The Application Analysis includes industrial, excavation, municipal, general cleaning, and others.
The Europe region lead the Vacuum Truck market by benefitting a market size of USD 0.75 billion in 2023 due to the rising demand for these vehicles is attributed to the rapid increase in urbanization, improvement in the standard of living, and increasing adoption of these trucks in industrial applications.
The top players in the market play a crucial role in the Automotives industry assuring industrial prospectus growth and setting market standards. These players include, Vac-con Vacuum Trucks (U.S.), Federal Signal Corporation (U.S.), Sewer Equipment Co (U.S.), Keith Huber Corporation (U.S.), KOKS (Netherlands), Alamo Group Inc (U.S.), Dongzheng Special Purpose Vehicle Co. Ltd (China), GapVax Inc. (U.S.), CAPPELLOTTO S.P.A. (Italy), FULONGMA GROUP Co., Ltd (China) these market players provide a competitive landscape.
In April 2023, 10 new suction excavators purchased by Hercules Site Services have been added to its fleet of vacuum trucks in addition to the initial twenty units making a total of thirty units. These vehicles, among them the premium ESE 8 model, have been obtained from German manufacturer RSP Gmbh and also includes two triple fan excavators.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.4% from 2024-2032
Unit Value (USD Billion)
Segmentation By Product Type
Liquid and Dry Suctioning
Liquid Suctioning Only
By Application
Industrial
Excavation
Municipal
General cleaning
Others
By Geography
North America (By Product Type and By Application)
- U.S. (By Product Type)
- Canada (By Product Type)
- Mexico (By Product Type)
Europe (By Product Type and By Application)
- U.K. (By Product Type)
- Germany (By Product Type)
- France (By Product Type)
- Rest of Europe (By Product Type)
Asia Pacific (By Product Type and By Application)
- China (By Product Type)
- India (By Product Type)
- Japan (By Product Type)
- South Korea (By Product Type)
- Rest of Asia Pacific (By Product Type)
Rest of World(By Product Type and By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Key Industry Developments - Merger, Acquisitions, and Partnerships
- 4.2. Distribution Analysis
- 4.3. Growth and Penetration Analysis
- 4.4. Porter’s Five Forces Analysis
- 4.5. PEST Analysis
- 4.6. Technological Developments
- 5. Global Vacuum Truck Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Liquid Suctioning Only
- 5.2.2. Liquid & Dry Suctioning
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Industrial
- 5.3.2. Excavation
- 5.3.3. Municipal
- 5.3.4. General Cleaning
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Rest of the World
- 6. North America Vacuum Truck Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast – By Product Type
- 6.1.1. Liquid Suctioning Only
- 6.1.2. Liquid & Dry Suctioning
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Industrial
- 6.2.2. Excavation
- 6.2.3. Municipal
- 6.2.4. General Cleaning
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast – By Country
- 6.3.1. United States
- 6.3.1.1. By Product Type
- 6.3.2. Canada
- 6.3.2.1. By Product Type
- 6.3.3. Mexico
- 6.3.3.1. By Product Type
- 7. Europe Vacuum Truck Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast – By Product Type
- 7.1.1. Liquid Suctioning Only
- 7.1.2. Liquid & Dry Suctioning
- 7.2. Market Analysis, Insights and Forecast – By Application
- 7.2.1. Industrial
- 7.2.2. Excavation
- 7.2.3. Municipal
- 7.2.4. General Cleaning
- 7.2.5. Others
- 7.3. Market Analysis, Insights and Forecast – By Country
- 7.3.1. United Kingdom
- 7.3.1.1. By Product Type
- 7.3.2. Germany
- 7.3.2.1. By Product Type
- 7.3.3. France
- 7.3.3.1. By Product Type
- 7.3.4. Rest of Europe
- 7.3.4.1. By Product Type
- 8. Asia Pacific Vacuum Truck Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast – By Product Type
- 8.1.1. Liquid Suctioning Only
- 8.1.2. Liquid & Dry Suctioning
- 8.2. Market Analysis, Insights and Forecast – By Application
- 8.2.1. Industrial
- 8.2.2. Excavation
- 8.2.3. Municipal
- 8.2.4. General Cleaning
- 8.2.5. Others
- 8.3. Market Analysis, Insights and Forecast – By Country
- 8.3.1. China
- 8.3.1.1. By Product Type
- 8.3.2. India
- 8.3.2.1. By Product Type
- 8.3.3. Japan
- 8.3.3.1. By Product Type
- 8.3.4. South Korea
- 8.3.4.1. By Product Type
- 8.3.5. Rest of Asia Pacific
- 8.3.5.1. By Product Type
- 9. Rest of the World Vacuum Truck Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis – By Product Type
- 9.1.1. Liquid Suctioning Only
- 9.1.2. Liquid & Dry Suctioning
- 9.2. Market Analysis – By Application
- 9.2.1. Industrial
- 9.2.2. Excavation
- 9.2.3. Municipal
- 9.2.4. General Cleaning
- 9.2.5. Others
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Ranking Analysis (2023)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles
- 10.5.1. Federal Signal Corporation (U.S.)
- 10.5.1.1. Overview
- 10.5.1.2. Products & services
- 10.5.1.3. SWOT analysis
- 10.5.1.4. Recent developments
- 10.5.1.5. strategies
- 10.5.1.6. financials (based on availability)
- 10.5.2. Vac-con Vacuum Trucks (U.S.)
- 10.5.2.1. Overview
- 10.5.2.2. Products & services
- 10.5.2.3. SWOT analysis
- 10.5.2.4. Recent developments
- 10.5.2.5. strategies
- 10.5.2.6. financials (based on availability)
- 10.5.3. Keith Huber Corporation (U.S.)
- 10.5.3.1. Overview
- 10.5.3.2. Products & services
- 10.5.3.3. SWOT analysis
- 10.5.3.4. Recent developments
- 10.5.3.5. strategies
- 10.5.3.6. financials (based on availability)
- 10.5.4. Sewer Equipment Co (U.S.)
- 10.5.4.1. Overview
- 10.5.4.2. Products & services
- 10.5.4.3. SWOT analysis
- 10.5.4.4. Recent developments
- 10.5.4.5. strategies
- 10.5.4.6. financials (based on availability)
- 10.5.5. Alamo Group Inc (U.S.)
- 10.5.5.1. Overview
- 10.5.5.2. Products & services
- 10.5.5.3. SWOT analysis
- 10.5.5.4. Recent developments
- 10.5.5.5. strategies
- 10.5.5.6. financials (based on availability)
- 10.5.6. KOKS (Netherlands)
- 10.5.6.1. Overview
- 10.5.6.2. Products & services
- 10.5.6.3. SWOT analysis
- 10.5.6.4. Recent developments
- 10.5.6.5. strategies
- 10.5.6.6. financials (based on availability)
- 10.5.7. GapVax Inc. (U.S.)
- 10.5.7.1. Overview
- 10.5.7.2. Products & services
- 10.5.7.3. SWOT analysis
- 10.5.7.4. Recent developments
- 10.5.7.5. strategies
- 10.5.7.6. financials (based on availability)
- 10.5.8. Dongzheng Special Purpose Vehicle Co. Ltd (China)
- 10.5.8.1. Overview
- 10.5.8.2. Products & services
- 10.5.8.3. SWOT analysis
- 10.5.8.4. Recent developments
- 10.5.8.5. strategies
- 10.5.8.6. financials (based on availability)
- 10.5.9. CAPPELLOTTO S.P.A. (Italy)
- 10.5.9.1. Overview
- 10.5.9.2. Products & services
- 10.5.9.3. SWOT analysis
- 10.5.9.4. Recent developments
- 10.5.9.5. strategies
- 10.5.9.6. financials (based on availability)
- 10.5.10. FULONGMA GROUP Co., Ltd (China)
- 10.5.10.1. Overview
- 10.5.10.2. Products & services
- 10.5.10.3. SWOT analysis
- 10.5.10.4. Recent developments
- 10.5.10.5. strategies
- 10.5.10.6. financials (based on availability)
- 11. List of The Service Providers
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