Vacuum Truck Market Overview
According to a Comprehensive Report by
MRFR/Market Research Future (MRFR), Vacuum Truck Market Information by Product Type,
Application, Fuel Type, and Region - Forecast till 2032" " The vacuum truck market will be expanding from USD 1.9 Billion
in 2023 to USD 3.4 Billion by 2032, at a rate of 7.50% between 2023 and 2032.
The municipal corporations of various
cities to effectively manage large-scale liquid and sludge clean up, mainly use
vacuum trucks or vacuum tankers. These trucks are most commonly used in the
maintenance of sewer and septic systems. They can also be used in industrial
and municipal settings to suction water and debris during hydro-excavation or
drilling jobs. From clearing mud to exposing utility lines to prevent sewer
system blockage, vacuum tankers meet the needs of cities and industries requiring
environmental cleanup, storage tank upkeep, and waste management.
In conjunction with a breakdown in value
and supply chain processes, the pandemic created a great deal of uncertainty
throughout the sector. Due to a dearth of fresh orders during the pandemic,
businesses were already experiencing severe cash flow problems. Consequently,
their profit margins were severely impacted by the supply chain crisis.
Market Competitive Landscape:
·
Kanematsu
Engineering Co Ltd
·
Federal
Signal Corporation
·
Rivard
·
FULONGMA
GROUP CO LTD
·
Keith
Huber Inc.
·
KOKS
Group bv
·
CAPPELLOTTO
S P A.
·
Vac-con
Inc.
·
GapVax
·
Gradall
Industries Inc.
Market Drivers:
Industrial facilities, including factories,
manufacturing plants, self-storage facilities, warehouses, and power plants,
require specialized cleaning tools and vehicles to maintain their interiors.
Plumbing systems, sewers, and industrial buildings of various sizes require
cleaning. Furthermore, clogged drains are a common problem in industrial
operations and can cause significant harm. A facility's pipes may erode as a
result of drain clogs, and major backups can result in breaks that require
expensive repairs. Heavy-duty industrial
drain cleaning equipment is also necessary for applications involving the use
of wet materials in vacuum equipment, including petrochemical operations,
emergency clean-up, technical chemical cleaning, industrial cleaning, offshore
operations, and oil separation.
Besides, numerous businesses in the market
have actively taken action to expand their industrial vacuum business by
implementing various techniques. For instance, in North America, sales of
Hydrovacs for use in construction have increased significantly. These trucks
also use high-pressure water to break up the soil, and a strong suction
system takes the debris into a debris tank. Additionally, the industry has
grown as a result of improved vehicle safety and rising development in
underdeveloped nations. Additionally, a variety of models select an offloading
method to guarantee the best fit for the cleaning application. Therefore, it is
projected that a rise in the demand for industrial cleaning applications will
fuel market expansion for vacuum trucks.
Due to their ability to minimize spills and
regulate odors, vacuum trucks are recommended by the US Environmental
Protection Agency (EPA) for the transportation of biosolids. For a healthy
environment, these characteristics reduce the exposure to the risks associated
with these compounds. Thus, the vacuum truck market is expanding rapidly
because of stringent government regulations and laws enforced on enterprises
for environmental awareness.
Market Restraints:
The vacuum truck includes a
number of sophisticated technological components, including pumps, a filter
system, an off-loading system, suction hoses, and numerous sensors and
transmitters. The cost of each of these sewage/vacuum truck subsystems is
significant, which ultimately raises the price of vacuum trucks used in cars. This
would hinder the growth of the worldwide vacuum truck market over the coming years.
Market Segmentation
Dry suctioning and liquid suctioning are
two product types included in the Vacuum Truck Market segmentation.
Industrial, excavation, municipal, general
cleaning, and other applications are included in the segmentation of the vacuum
truck market, in terms of application.
Electric and ICE fuel types are included in
the segmentation of the vacuum truck market. In 2022, the ICE category produced
the greatest revenue.
Regional Insights
In 2022, North America seized the top position (45.80%) in the
worldwide vacuum truck market. Given that the US and Canada are producing more
of these vehicles annually, the region will continue to dominate the worldwide
market. Rapid urbanization, a rise in the level of living, and an increase in
the use of large trucks in industrial settings are all factors contributing to
the increased demand for these vehicles.
Vacuum Truck Market Segmentation
Vacuum truck Product Type Outlook
- Dry Suctioning
- Liquid Suctioning
Vacuum truck Application Outlook
- Industrial
- Excavation
- Municipal
- General Cleaning
- Others
Vacuum truck Fuel Type Outlook
- Electric
- ICE
.png)
.png)
No comments:
Post a Comment