Vacuum Truck Market Share Growing Rapidly with Recent Trends, Development, Revenue, Demand and Forecast to 2026 |Fortune Business Insights
Posted on Jan 22 2021 8:23 AM
"Key Companies Covered are Federal Signal, Vac-Con, Keith Huber, Sewer Equipment, Vacall Industries, KOKS, Dongzheng, and more players profiled."
The global ''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, states 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.
COVID-19 Impact Analysis:
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.
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Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
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
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
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.
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.
Quick Buy – Vacuum Truck Market Research Report:
Vacuum Truck market report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
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- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Key Questions Answered:
Why Choose Fortune Business Insights?
What are the key demands and trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
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
Browse Summary of this Research Report with Detailed Table of Content:
Table of Content
- 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
- General Cleaning
- Market Analysis, Insights and Forecast – By Region
- North America
- Asia pacific
- Rest of the World
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