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Global Vacuum Truck Market: By Product Type: Liquid Suctioning Only, Liquid and Dry Suctioning; By Application: Industrial, Excavation, Municipal, General Cleaning, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Vacuum Truck Market Outlook
The global vacuum truck market attained a value of nearly USD 1,290.0 million in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 8.2% to reach about USD 2,123.3 million by 2027.
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North America Accounts for a Significant Share of the Vacuum Truck Industry
North America holds a considerable share of the vacuum truck industry due to the growing popularity of rental fleet owners in the region. The market growth can also be attributed to the rising focus on cleanliness in countries like the United States and Canada, which, in turn, is surging the demand for vacuum trucks for industrial cleaning. As the leading companies are expanding their presence in the region, the market for vacuum truck is growing robustly. Moreover, the increasing launch of innovative vacuum trucks is bolstering the industry growth.
Meanwhile, the Asia Pacific region is providing lucrative growth opportunities to the overall vacuum truck industry owing to rapid industrialisation. The growing demand for vacuum trucks in industrial cleaning in the region is also fuelling the market growth. With the increasing budget spending on sewer maintenance by municipal corporations, the demand for vacuum trucks for large-scale liquid and smudge cleaning is increasing, which is driving the industry growth, thus significantly contributing to the overall market growth.
Vacuum Truck: Market Segmentation
A vacuum truck, variously known as a vacuum tanker, is a tank truck that is typically used to handle large-scale sludge and liquid clean-up in municipal applications. It consists of a tank for storing liquids, lances and hoses for access to confined areas, and a pump for vacuuming. Vacuum trucks also find their applications in various industries like construction, automotive, and manufacturing, among others.
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The major product types of vacuum trucks are:
- Liquid Suctioning Only
- Liquid and Dry suctioning
- Others
The market can be broadly categorised on the basis of its applications into:
- Industrial
- Excavation
- Municipal
- Others
The EMR report looks into the regional markets of vacuum truck like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Vacuum Trucks in Industrial Applications to Aid the Market Growth
The extensive applications of vacuum trucks in the industrial sector are driving the growth of the market. As vacuum trucks are cost-effective solutions for industrial cleaning, they are increasingly preferred for routine maintenance, hence invigorating the industry growth. With the introduction of various stringent government initiatives to enhance the safety of workers in industrial settings, the use of vacuum trucks to improve the safety of industrial applications is surging, which is significantly contributing to the growth of the market. Furthermore, the flourishing construction sector in both developed and developing countries is leading to a surge in demand for vacuum trucks with high hauling capacity to boost cost-effectiveness. The growing use of innovative vacuum trucks offering ease-of-usage and time-effectiveness in time-intensive construction projects is propelling the industry growth.
The increasing collaborations among construction equipment manufacturers and rental fleet owners are surging the accessibility to vacuum trucks, thus fuelling the growth of the market. With the increasing awareness regarding hygiene and cleanliness, the demand for trucks in cleaning and sanitisation applications in the municipal sector is growing, which is expected to bolster the market growth. In addition, the development of advanced vacuum trucks with enhanced ergonomic designs to boost comfortability and productivity in cleaning applications is predicted to strengthen the growth of the market in the forecast period.
Key Industry Players in the Global Vacuum Truck Market
The report presents a detailed analysis of the following key players in the global vacuum truck market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Federal Signal Corporation
- Vac-Con, Inc
- Huber Corporation
- Sewer Equipment
- Gradall Industries LLC
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Application, Region |
| Breakup by Product Type | Liquid Suctioning Only, Liquid and Dry Suctioning. Others |
| Breakup by Application | Industrial, Excavation, Municipal, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Federal Signal Corporation, Vac-Con, Inc, Huber Corporation, Sewer Equipment, Gradall Industries LLC, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Vacuum Truck Market Analysis
8.1 Key Industry Highlights
8.2 Global Vacuum Truck Historical Market (2017-2021)
8.3 Global Vacuum Truck Market Forecast (2022-2027)
8.4 Global Vacuum Truck Market by Product Type
8.4.1 Liquid Suctioning Only
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Liquid and Dry Suctioning
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Others
8.5 Global Vacuum Truck Market by Application
8.5.1 Industrial
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Excavation
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Municipal
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Others
8.6 Global Vacuum Truck Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Federal Signal Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Vac-Con, Inc
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Huber Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Sewer Equipment
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Gradall Industries LLC
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Vacuum Truck Market: Key Industry Highlights, 2017 and 2027
2. Global Vacuum Truck Historical Market: Breakup by Product Type (USD Million), 2017-2021
3. Global Vacuum Truck Market Forecast: Breakup by Product Type (USD Million), 2022-2027
4. Global Vacuum Truck Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global Vacuum Truck Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global Vacuum Truck Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global Vacuum Truck Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Vacuum Truck Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Vacuum Truck Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Vacuum Truck Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Vacuum Truck Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Vacuum Truck Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Vacuum Truck Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Vacuum Truck Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Vacuum Truck Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Vacuum Truck Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Vacuum Truck Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Global Vacuum Truck Market Structure
Key Questions Answered in the Report
In 2021, the global vacuum truck market attained a value of nearly USD 1,290.0 million.
The market is estimated to grow at a CAGR of 8.9% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 2,123.3 million by 2027.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the development of advanced vacuum trucks and the rising application of vacuum trucks in the industrial cleaning and construction sector.
The rising investments towards the launch of innovative and efficient vacuum trucks is expected to be a key trend guiding the growth of the industry.
Liquid suctioning only, liquid and dry suctioning, and others are the major product types available in the market.
Industrial, excavation, and municipal, among others, are the different applications of vacuum trucks.
The major players in the industry are Federal Signal Corporation, Vac-Con, Inc, Huber Corporation, Sewer Equipment, and Gradall Industries LLC, among others.
Analyst Review
The global vacuum truck market attained a value of about USD 1,290.0 million in 2021, driven by the increasing inclination towards industrial cleaning and site-maintenance. Aided by the progressive product innovation aimed towards providing high-quality vacuum trucks to the consumers, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 8.9%. The market is projected to reach nearly USD 2,123.3 million by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the market is divided into liquid suctioning only, liquid and dry suctioning, and others. On the basis of application, the market is divided into industrial, excavation, and municipal, among others. The major regional markets for vacuum truck are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Federal Signal Corporation, Vac-Con, Inc, Huber Corporation, Sewer Equipment, and Gradall Industries LLC, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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