Vacuum Truck Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™
Vacuum Truck Market size is expected to
reach USD 5,382.8 million by 2027, exhibiting a CAGR
of 11.2% during the forecast period. The heavy demand for
labor-efficient trucks is expected to foster healthy growth of the market
Fortune Business Insights, in a report,
titled “Vacuum Truck Market Size,
Share & COVID-19 Impact Analysis, By Product Type (Liquid Suctioning Only
and Liquid and Dry Suctioning), By Application Type (Industrial, Excavation,
Municipal, Sweeper Truck, and Others) and Regional Forecast,
2020-2027” the market size stood at USD 2,303.7 million in 2019.
The coronavirus occurrence has caused
severe loss and damage to industries across the globe. The governments of
several countries have instigated lockdown to thwart the spread of this deadly
virus. Such plans have caused disturbances in the production and supply chain.
But, with time and resolution, we will be able to combat this stern time and
get back to normality. Our well-revised reports will help companies to receive
in-depth information about the present scenario of every market so that you can
adopt the necessary strategies accordingly.
The report on the vacuum truck market
contains:
- All-encompassing study of vacuum trucks
- Enlightening information about the industry
- Strategies and key insights
- Coronavirus effect on the market
- Dominant regions in the industry
Market Driver:
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.
Regional Analysis:
Implementation of Strict Cleaning
Policies to Boost Market in North America
The market size in North America stood
at USD 741.5 million in 2019. The growth in the region is attributed to the
strict cleaning policies in the U.S and Canada. The growing popularity of
rental fleet owners and applications in industrial areas will spur
opportunities for the market in the region. Europe is expected to witness a substantial
growth rate during the forecast period owing to the massive automobile
production in the UK, Germany, and France. The market in Asia Pacific is
predicted to rise exponentially during the forecast period owing to the surge
in municipal and industrial slurry and sludge in countries such as India and
China. The rising urbanization and industrialization will influence the healthy
growth of the market in Asia Pacific.
Key Development:
June 30, 2020: KOKS, a major manufacturer of these 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
List of the Leading Companies Operating in the Vacuum Truck Market are:
- 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
Browse Summary of this Research Report
with Detailed Table of Content:
https://www.fortunebusinessinsights.com/vacuum-truck-market-103435
Table of Content
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Merger, Acquisitions, and Partnerships
- Distributor Analysis – For Major Players
- Growth and Penetration Analysis
- Porter’s Five Forces Analysis
- PEST Analysis
- Vendor Landscape
- Global Vacuum Truck Market Analysis, Insights and Forecast,
2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product Type
- Liquid Suctioning Only
- Liquid and Dry Suctioning
- Market Analysis, Insights and Forecast – By Application Type
- Industrial
- Excavation
- Municipal
- General Cleaning
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Rest of the World
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