Global Vacuum Truck and Hydrovac Truck Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Vacuum Truck and Hydrovac Truck Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Vacuum Truck and Hydrovac Truck market finds that the global Vacuum Truck and Hydrovac Truck market reached a value of USD 1366.02 million in 2022. It’s expected that the market will achieve USD 1772.91 million by 2028, exhibiting a CAGR of 4.44% during the forecast period.

Influence of COVID-19 Outbreak on Vacuum Truck and Hydrovac Truck Industry Development

The downstream buyers of Vacuum Truck and Hydrovac Truck are mainly power companies, municipalities and industrial markets. Affected by COVID-19, most factories have delayed the start date, which limits the overall supply in the Vacuum Truck and Hydrovac Truck market, thereby reducing the industry’s ability to deal with the backlog and quickly recover from losses. The uncertainty of economic recovery in many countries and the possibility of another global crisis may affect Vacuum Truck and Hydrovac Truck business.
Affected by the new coronary artery pneumonia (COVID-19), most companies that sell Vacuum Truck and Hydrovac Truck have changed their working hours or services. As the epidemic worsens, global cross-border logistics services and flights have been affected to a certain extent, so transportation has become a major issue. In addition, government departments will also transfer public construction investment to the medical market. Therefore, the Vacuum Truck and Hydrovac Truck industry will be affected by COVID-19.

Vacuum Truck and Hydrovac Truck Drivers

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 Hydrovac 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.

The growing requirement for industrial Vacuum Truck and Hydrovac Truck that contain, recover, and carry slurries, liquids, solids, dry bulk powders, and thick mud from hard-to-reach areas will spur demand for these trucks in industries. The rising application of trucks in cleaning and sanitization will create lucrative business opportunities for the market. For instance, trucks are designed and customized to carry dry waste or wet industrial liquid sludge or slurry to treatment plants. The off-loading solutions offered by the trucks can ensure swift operation in cleaning applications.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Alamo Group is one of the major players operating in the Vacuum Truck and Hydrovac Truck market, holding a share of 13.28% in 2022.

Alamo Group is a global leader in the design and manufacture of high quality agricultural equipment for farms and ranches and infrastructure maintenance equipment for governmental and industrial markets. Alamo Group’s products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, leaf vacuums, snow removal equipment, excavators, vacuum trucks, forestry equipment, chippers, and other industrial equipment, agricultural implements and related after-market parts and services.

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.

Segmentation Overview:

Among different product types, Vacuum Truck segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Municipal segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Vacuum Truck and Hydrovac Truck market covered in Chapter 3:

Hi-Vac
Holden Industries
KOKS
Alamo Group
Aerosun
Sewer Equipment
Ledwell
Amphitec
Federal Signal
Cappellotto

In Chapter 4 and Chapter 14.2, on the basis of types, the Vacuum Truck and Hydrovac Truck market from 2018 to 2029 is primarily split into:

Vacuum Truck
Hydrovac Truck

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Vacuum Truck and Hydrovac Truck market from 2018 to 2029 covers:

Industrial
Excavation
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)