Vacuum Truck Market by Application and Geography - Forecast and Analysis 2022-2026

The vacuum truck market share is expected to increase by USD 416.93 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.41%.

This vacuum truck market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the vacuum truck market segmentation by application (industrial, excavation, general cleaning, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The vacuum truck market report also offers information on several market vendors, including AFI Group, Alamo Group Inc., Amphitec b.v., Cappellotto S.p.A., Chengli Special Automobile Co. Ltd., DISAB Vacuum Technology AB, Federal Signal Corp., Fulongma Group Co. Ltd., Hi-Vac Corp., Hol Mac Corp., KANEMATSU ENGINEERING CO. LTD., KOKS Group BV, Ledwell, RIVARD S.A.S, Sewer Equipment Co. of America, The Toro Co., Tornado Global Hydrovacs Ltd., Transway Systems Inc., Vac Con Inc., and GapVax Inc. among others.

What will the Vacuum Truck Market Size be During the Forecast Period?

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Vacuum Truck Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends and challenges for the global vacuum truck market. During the COVID-19 pandemic, the demand for the vacuum truck market has been impacted significantly, but a holistic analysis of drivers will help in estimating exact demands and refining marketing strategies to gain a competitive advantage.

Key Vacuum Truck Market Driver

The rising use of vacuum trucks in industrial cleaning is one of the key factors driving the global vacuum truck market growth. Vacuum trucks are increasingly used in different industrial sectors, such as oil and gas, construction, and others. The global vacuum truck market is expanding as a result of the numerous applications of vacuum trucks in the industrial sector. Vacuum trucks are becoming more popular for routine maintenance because they are affordable alternatives for industrial cleaning. The use of vacuum trucks to increase safety in industrial applications is growing as a result of the introduction of numerous stringent government regulations to improve the safety of employees in industrial settings, which is considerably boosting the growth of the market in focus. Industrial facilities such as factories, manufacturing plants, self-storage facilities, warehouses, and power plants require specialized cleaning tools and trucks to maintain their interiors. Plumbing systems and drains, whether in small enterprises or large industrial complexes, need to be cleaned regularly. Furthermore, clogged drains are a common problem in industrial operations and can cause significant harm. Thus, the increasing need for industrial cleaning will spur the demand for vacuum trucks, which, in turn, will boost the growth of the global vacuum truck market during the forecast period.

Key Vacuum Truck Market Trend

The introduction of electric vacuum trucks will fuel the global vacuum truck market growth. The demand for electric vehicles (EVs) is on the rise across the world, owing to rising concerns over global warming and air pollution. The performance and efficiency of electric vehicles have been supported by advances in technology. In the first half of 2022, a combined 4,3 million new battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) were delivered, an increase of 62% over that during the corresponding period in 2021. In some European countries, such as Norway and the Netherlands, the sales of EVs surpassed that of petrol and diesel vehicles. Sales of electric vacuum trucks are predicted to increase globally during the forecast period as a result of developments in energy-efficient vehicle technology, the implementation of stringent emission standards, and the low operating costs of EVs. Leading producers of vacuum and suction trucks are enhancing the range of their all-electric vehicles. Thus, the increasing use of EVs in the coming years will stimulate the development of electric vacuum trucks, which is projected to offer potential growth opportunities for the global vacuum truck market during the forecast period.

Key Vacuum Truck Market Challenge

The high operating cost is the major challenge to the global vacuum truck market growth. Different high-end technology components, including pumps, filter systems, an off-loading system, suction hoses, and several sensors and transmitters, are integrated into vacuum trucks. The cost of each of these vacuum truck subsystems and components is quite high, which ultimately raises the price of vacuum trucks. Additionally, the regular maintenance required to keep these components in top functioning order is expensive. The fluid from the hydraulic tank and fluid reservoir must be promptly drained to use hydraulic filters with vacuum trucks. Therefore, the rough use of vacuum trucks reduces their lifespan and, as a result, increases maintenance costs. This might turn away customers and encourage them to use traditional or manual cleaning methods rather than vacuum trucks, which would hinder the growth of the global vacuum truck market during the forecast period.

This vacuum truck market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global vacuum truck market as a part of the global construction machinery and heavy trucks market within the global capital goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the vacuum truck market during the forecast period.

Who are the Major Vacuum Truck Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• AFI Group
• Alamo Group Inc.
• Amphitec b.v.
• Cappellotto S.p.A.
• Chengli Special Automobile Co. Ltd.
• DISAB Vacuum Technology AB
• Federal Signal Corp.
• Fulongma Group Co. Ltd.
• Hi-Vac Corp.
• Hol Mac Corp.
• KANEMATSU ENGINEERING CO. LTD.
• KOKS Group BV
• Ledwell
• RIVARD S.A.S
• Sewer Equipment Co. of America
• The Toro Co.
• Tornado Global Hydrovacs Ltd.
• Transway Systems Inc.
• Vac Con Inc.
• GapVax Inc.

 

This statistical study of the vacuum truck market encompasses successful business strategies deployed by the key vendors. The vacuum truck market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• alamo-group.com - The company offers vacuum trucks that have just one engine, which reduces fuel consumption and emissions, noise and maintenance, with a superior filtration design that effectively cleans the air.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vacuum truck market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Vacuum Truck Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the vacuum truck market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

The value chain of the global capital goods market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for the Vacuum Truck Market?

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34% of the market’s growth will originate from Europe during the forecast period. Germany and the UK are the key markets for the vacuum truck market in Europe. Market growth in this region will be slower than the growth of the market in other regions.

The rising use of vacuum trucks in industrial cleaning will facilitate the vacuum truck market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The vacuum truck market in Europe was negatively impacted by the outbreak of COVID-19 in 2020. Industrial activities in the region were adversely affected in 2020. In the first half of 2020, the revenues from commercial vehicle sales, component suppliers, and the overall supply chain were disrupted completely, which hampered the growth of the vacuum truck market, which, in turn, negatively impacted the demand for vacuum trucks in Europe. However, in 2021, owing to the mass vaccination drives and various initiatives undertaken by the government, the lockdown restrictions were relaxed, and operations returned to normal. Thus, as the threat of the pandemic recedes, the recovery of industrial sectors such as oil and gas picked up pace in 2021. Furthermore, increasing demand for waste management in the industrial, agriculture, and logistics sector and the company's strategies to grow its business will boost the growth of the vacuum truck market in this region during the forecast period.

What are the Revenue-generating Application Segments in the Vacuum Truck Market?

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The vacuum truck market share growth in the industrial segment will be significant during the forecast period. The industrial segment was the largest segment of the global vacuum truck market and will continue to remain the largest segment during the forecast period owing to an increase in the need for a sound waste management strategy to manage the waste generated by industries. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the vacuum truck market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Vacuum Truck Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.41%
Market growth 2022-2026	$416.93 million
Market structure	Fragmented
YoY growth (%)	5.84
Regional analysis	North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution	Europe at 34%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	AFI Group, Alamo Group Inc., Amphitec b.v., Cappellotto S.p.A., Chengli Special Automobile Co. Ltd., DISAB Vacuum Technology AB, Federal Signal Corp., Fulongma Group Co. Ltd., Hi-Vac Corp., Hol Mac Corp., KANEMATSU ENGINEERING CO. LTD., KOKS Group BV, Ledwell, RIVARD S.A.S, Sewer Equipment Co. of America, The Toro Co., Tornado Global Hydrovacs Ltd., Transway Systems Inc., Vac Con Inc., and GapVax Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Vacuum Truck Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive vacuum truck market growth during the next five years
• Precise estimation of the vacuum truck market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the vacuum truck industry across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of vacuum truck market vendors

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