Global Hydrovac Trucks (Hydro Excavation) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hydrovac Trucks (Hydro Excavation) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hydrovac Trucks are devices that use high-pressure water to cut and liquefy soil. It uses pressurized water and an industrial-strength vacuum to simultaneously dig and evacuate soil. The process uses high-pressure water to liquefy the soil, creating a slurry-like mixture that is moved by a powerful vacuum into a debris tank. Hydrovac Trucks are primarily used for hydraulic excavation, sewer sanitary line cleaning, collection basin and storm drain cleaning and containment pit maintenance.

Market Overview:


The latest research study on the global Hydrovac Trucks (Hydro Excavation) market finds that the global Hydrovac Trucks (Hydro Excavation) market reached a value of USD 490.5 million in 2022. It’s expected that the market will achieve USD 641.32 million by 2028, exhibiting a CAGR of 4.57% during the forecast period.

Increase in investment in infrastructure projects

Due to rapid urbanization, the aging of some urban systems, and population growth, the demand for roads, public facilities, buildings and related infrastructure continues to increase, and the North American construction industry is growing steadily. In addition, the government pays great attention to the development of transportation infrastructure. For example, the US Congress passed a $305 billion bill to improve the quality of road networks and transportation systems. Combined with existing underground utilities that have become severely crowded in urban areas. In many areas, it is almost impossible to use traditional excavation methods, and traditional methods may severely damage public facilities. In 2017, North America submitted 316,422 damage reports. Underground damage caused by backhoes and trenchers accounted for the highest proportion of reported damage. Therefore, Hydrovac Trucks (Hydro Excavation) are currently being used in the market instead of traditional methods to reduce damage. It is expected that the increase in government investment in infrastructure projects will effectively promote the growth of construction projects, which in turn may stimulate demand for Hydrovac Trucks (Hydro Excavation).

Region Overview:


From 2022-2027, China is estimated to witness robust growth prospects.

Company Overview:


Federal Signal Corporation builds and delivers equipment of unmatched quality that moves material, cleans infrastructure, and protects the communities where we work and live. Founded in 1901, Federal Signal is a leading global designer, manufacturer and supplier of products and total solutions that serve municipal, governmental, industrial and commercial customers.Two brands of Federal Signal Corporation (Westech Vac Systems and Guzzler) both produce hydro vac trucks (Hydro Excavation).

Segmentation Overview:


Among different product types, 1000 gallons - 1500 gallons segment is anticipated to contribute the largest market share in 2027.

Application Overview:


By application, the Industrial segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Hydrovac Trucks (Hydro Excavation) market covered in Chapter 3:

GapVax
Alamo Group, Inc.
Hi-Vac
Vac-Con
Federal Signal
Supervac
Sewer Equipment
Tornado Hydrovacs
Ditch Witch

In Chapter 4 and Chapter 14.2, on the basis of types, the Hydrovac Trucks (Hydro Excavation) market from 2018 to 2029 is primarily split into:

Less than 1000 gallons
1000 gallons - 1500 gallons
More than 1500 gallons

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hydrovac Trucks (Hydro Excavation) market from 2018 to 2029 covers:

Industrial
Municipal
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)