Vacuum Truck Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™
Vacuum
Truck Market will exhibit a CAGR of 11.2% during the forecast period, and USD
5,382.8 million by 2027, and the Market value as per 2019 was USD 2,303.7
million.
Fortune
Business Insights™ in a new report, titled, “Vacuum Truck Market
Size, Share & Industry Analysis, By Product Type (Liquid
Suctioning Only and Liquid and Dry Suctioning), By Application Type
(Industrial, Excavation, Municipal, Sweeper Truck, and Others), By End User
(Hospitals, Clinics, Homecare Settings, and Others), and Regional Forecast,
2020-2027.”
Vacuum Truck Market Drivers and Restraint:
Necessity for Vacuum Trucks in Industrial Applications to Augment
Growth
The
growing requirement for industrial vacuum trucks or vacuum loaders 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.
Break on Production to Impede Business Development in COVID
The
automotive sector is witnessing enormous loss due to the restriction imposed by
the government during the pandemic. The decline in demand and supply is
expected to limit the expansion of the vacuum truck market. The halt on
production plants in various countries can further restrict the growth of the
market. Similarly, due to lockdown, the showrooms are shut leading to low
footfalls, thus aggravating the situation of the market during the COVID-19
pandemic.
List of Key Players Covered in the Vacuum Truck Market Report:
- Federal Signal
(Illinois, United States)
- Vac-Con (United
States)
- Keith Huber
(United States)
- Sewer Equipment
(Illinois, United States)
- Vacall
Industries (United States)
- KOKS (Netherlands)
- Dongzheng
(China)
- Other Players
To gain more insights into the market with a detailed table of
content and figures, Click Here: https://www.fortunebusinessinsights.com/vacuum-truck-market-103435
Some of the key industry developments in the Vacuum
Truck Market Include:
June 30, 2020: KOKS, a major manufacturer of
vacuum trucks and heavy industrial cleaning equipment unveiled a range of
high-pressure units. The wide-ranging hot water units can operate a pressure of
15 to 1,000 bar
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