Market Insight-Global Vacuum Truck Market Overview 2022
Global Vacuum Truck Market Size was estimated at USD 1494.76 million in 2021 and is projected to reach USD 1967.88 million by 2028, exhibiting a CAGR of 3.88% during the forecast period– Bossonresearch.com
A vacuum truck or vacuum tanker is a tank truck that has a pump and a tank. The pump is designed to pneumatically suck liquids, sludges, slurries, or the like from a location (often underground) into the tank of the truck. The objective is to enable transport of the liquid material via road to another location. Vacuum trucks transport the collected material to a treatment or disposal site, for example a sewage treatment plant.
The upsurge in urban populace, escalation in waste administration and novelty in aspects to preserve human time as well as energy, coupled with concluding the anticipated task in an effective and operative method are impacting the global vacuum truck market growth.
According to Bosson Research, The global market for Vacuum Truck is projected to rapid growth between 2022 and 2027. In 2021, the size of the market was estimated at almost 1494.76 million U.S. dollars, and is projected to reach USD 1967.88 million by 2028, exhibiting a CAGR of 3.88% during the forecast period.
Figure Global Vacuum Truck Market Size
Source: Bossonresearch.com, 2022
Surging Need for Industrial Cleaning Application to Support Market Growth
Industrial vacuum tankers alternatively known as vacuum loaders are basically utilized for cleaning sludge, liquefied as well as sold & dry leftovers from the hard zones across the globe. These trucks are manufactures and structured from the feedback gained from customers in order to resolve the most challenging concerns of cleaning dry or wet industrial liquid sludge or slurry.
Furthermore, numerous corporations functioning in the vacuum truck business are taking dynamic measures in order to augment their industrial vacuum truck occupation with an implementation of innumerable tactics.
Additionally, the implementation of waste administration processes in logistics & transpiration, building & construction, farming & agriculture as well as other fields pooled with the active measures taken by the government towards ecological waste administration consciousness are estimated to reinforce the demand for these trucks and fuel the vacuum truck market growth.
Ease in Operations and Rise in Environmental Awareness to Propel Market Development
The increase in urban population, rise in waste management and innovation in the features to save human time & energy, and completing the desired task in an efficient and effective manner are affecting the growth of the global market. Moreover, the rental companies are collaborating with the manufacturers by helping them fulfill the exact requirement regarding the product's design as per the customer's preference, which ultimately results in raising the revenue to the business. Moreover, advancements such as customized vacuum truck, 90-degree rotational ability, lightweight but heavy-duty components for the construction & manufacturing of vacuum trailers, and less dependence on other machines owing to stability, reliable & safe withstand are propelling the demands of several end-use applications based vacuum truck in the global market. Further, the implementation of waste management practices in logistics, construction, agriculture, and other sectors coupled with the governments' active steps towards environment waste management awareness is expected to strengthen the demand for these trucks.
Global Vacuum Truck Market: Competitive Landscape
The market is consolidated owing to the strong product portfolio and noteworthy distribution network of major companies in developed & developing countries. Currently, Federal Signal, Vac-Con, K&E, GapVax, KOKS, Keith Huber, Sewer Equipment, Cappellotto, Heli, Dongzheng, Vacall industries, Rivard, Hi-Vac, Aerosun, Super Products. The key players are focusing on developing technologically advanced vehicles. For instance, KOKS U.S. has recently produced vacuum truck for working with contaminated and hazardous substances. These trucks are available in DOT 407/ 412, ASME, and/or ATEX standards and built according to all safety standards.
Key players in the Vacuum Truck Market include:
l Federal Signal
l K&E
l Vac-Con
l KOKS
l Sewer Equipment
l GapVax
l Cappellotto
l Heli
l Vacall Industries
l Keith Huber
l Rivard
l Hi-Vac
l Aerosun
l Super Products
l Amphitec
l Disab
l Chengli
l Ledwell
l Foton
l Dongzheng
l XZL
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