The Vacuum Truck market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The Vacuum Truck market report includes the forecasts, Analysis and industry trends, market size, growth, key segments, CAGR and key drivers, share estimates and profiles of the leading industry Players.
A vacuum truck is a heavy duty truck that is used for transporting, suctioning, and disposing of toxic and non-toxic materials. Vacuum trucks are most commonly used by the municipalities to pump the liquid waste from septic tanks, catch basins and other such places. Mostly done task using a vacuum truck are sewer cleaning, street sweeping and much more. They are even used for transporting bio-solids as this heavy duty truck has odour control and spill proof carriers which curb the exposure of hazardous materials for a healthy atmosphere. Most of the waste generated from industries possesses health threats in the environment hence vacuum trucks are also used to clean and dispose industrial waste materials further reducing the environmental impacts.
The worldwide market for Vacuum Truck is expected to grow at a CAGR of roughly 3.9% over the next five years, will reach 1450 million US$ in 2023, from 1150 million US$ in 2017.
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Scope of the Report:
This report focuses on the Vacuum Truck in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The global vacuum truck industry mainly concentrates in North America and Europe in terms of market value. The global leading player in this market is Federal Signal, whose revenue is $ 1148.82 million in 2017, accounts for 13.03% of total revenue market.
The vacuum truck is mainly used in industrial, excavation and municipal field. The application market share of industrial and excavation is up to 64% in 2017 and it is forecasted that share will be maintain by 2023 with the increasing collaboration among rental fleet owners and vacuum truck manufacturers.
Currently, a major challenge affecting the market growth is the limitation of downstream market. As large demand of labor-efficient vehicles at home and abroad, many companies began to enter the field of labor-efficient vacuum truck industry.
The widely application of vacuum truck promote the growth of customer segments and the rising demand for labor-efficient vehicles is bringing a radical change to the vacuum truck market. With increased collaboration among construction equipment manufacturers and rental fleet owners, the products are being designed as per the customer need. The rental companies form a large customer segment for the vacuum truck market. Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area and the future will still have more new investment enter the field. In the next five years, the consumption volume will keep slow increasing, as well as the consumption value.
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Federal Signal, KandE, Vac-Con, KOKS, Sewer Equipment, GapVax, Cappellotto, Heli, Vacall Industries, Keith Huber, Rivard, Hi-Vac, Aerosun, Super Products, AFI…
Market by Product Type:
Liquid Suctioning Only, Liquid and Dry Suctioning, High Velocity…
Market by Application:
Industrial, Excavation, Municipal…
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Research Study provides in-depth analysis on this report:
- Marketing strategy analysis and development trends.
- Vacuum Truck Market effect factor analysis.
- Emerging niche segments and regional Vacuum Truck Markets.
- A complete framework analysis, including an assessment of the parent market.
- An empirical assessment of the trajectory of the Vacuum Truck Market.
- Major changes in Vacuum Truck Market dynamics.
- Historical, present, and prospective size of the market from the perspective of both value and volume.
- Report provides distinctive graphics and exemplified SWOT analysis of major Vacuum Truck Market segments.
The statistical analysis, the report depicts the global total market of Vacuum Truck Industry including capacity, production, production value, cost/profit, supply/demand import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
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