North America Vacuum Truck Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Liquid and Dry Suctioning, and Liquid Suctioning Only), By Application (Industrial, Excavation, Municipal, General Cleaning, and Others), and North America Vacuum Truck Market Insights, Industry Trend, Forecasts to 2033.

Industry: Automotive & Transportation

RELEASE DATE Sep 2024
REPORT ID SI6445
PAGES 211
REPORT FORMAT PathSoft

North America Vacuum Truck Market Insights Forecasts to 2033

  • The North America Vacuum Truck Market Size was valued at USD 752.5 Million in 2023.
  • The Market Size is Growing at a CAGR of 8.9% from 2023 to 2033
  • The North America Vacuum Truck Market Size is Expected to Reach USD 1765.5 Million by 2033

 

North America Vacuum Truck Market

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The North America Vacuum Truck Market Size is Anticipated to Reach USD 1765.5 Million by 2033, Growing at a CAGR of 8.9% from 2023 to 2033.

 

Market Overview

Vacuum vehicles, also called vacuum tankers are commonly used for handling large-scale sludge and liquid cleanup. This is typically done when servicing septic and sewer systems. They can also be used in industrial and public settings to collect water and waste materials left over from drilling or hydro-excavation operations. Vacuum trucks meet the needs of towns and industries that require storage tank maintenance, environmental cleanup, and waste management by removing muck from utility lines and preventing sewer system overloads. There are already types available that are specifically intended for use in sewage treatment plants. The North America region's growing need for efficient and safe waste handling is driving up demand for vacuum trucks, which will propel the North America vaccum truck market forward.

 

Report Coverage

This research report categorizes the market for the North America vacuum truck market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America vacuum truck market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America vacuum truck market.

 

North America Vacuum Truck Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 752.5 Million
Forecast Period:2023 - 2033
Forecast Period CAGR 2023 - 2033 :8.9%
2033 Value Projection:USD 1765.5 Million
Historical Data for:2019 - 2022
No. of Pages:211
Tables, Charts & Figures:110
Segments covered:By Product Type, By Application
Companies covered:: Federal Signal, Vac-Con, Keith Huber, Cappellotto Spa, Alamo Group Inc., Kanematsu Engineering Co., Ltd., Sewer Equipment, Vacall Industries, Vactor Inc, Others, and
Pitfalls & Challenges:COVID-19 Empact, Challenges, Future, Growth, and Analysis

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Driving Factors

Vacuum trucks are intended to carry, and clean up a large amount of material, and recycle and recover valuable raw materials. The key players are focusing on developing innovative and advanced trucks that are simple to maintain and operate, providing customers with rugged performance wherever and whenever they need it. New types of trucks are also designed to operate in extreme conditions. Also, the new generation of vacuum trucks is more sustainable, dependable, and durable, which will boost the rapid growth of these trucks' adoption in markets. All of this innovation and export activity to meet each region's needs will have an impact on the North American vacuum truck market growth.

 

Restraining Factors

The high costs associated with high-end technology are major barriers to North America vacuum market growth.

 

Market Segmentation

The North America vacuum truck market share is classified into product type and application

  • The liquid and dry suctioning segment is expected to hold the largest market share through the forecast period.

The North America vacuum truck market is segmented by product type into liquid and dry suctioning and liquid suctioning only. Among these, the liquid and dry suctioning segment is expected to hold the largest market share through the forecast period. The increase in oil and gas septic tank cleaning projects under wastewater management project/initiation, as well as the growing demand for industrial applications of excavation trucks in developing countries and the increasing government emphasis on waste management, are expected to drive up demand for liquid and dry suctioning trucks.

 

  • The industrial segment is expected to dominate the North America vacuum truck market during the forecast period.            

Based on the application, the North America vacuum truck market is divided into industrial, excavation, municipal, general cleaning, and others. Among these, the industrial segment is expected to dominate the North America vacuum truck market during the forecast period. Rising urbanization, integrated waste management projects, and a growing demand for sewer-cleaning trucks in key countries are all driving segmental growth.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America vacuum truck market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Federal Signal
  • Vac-Con
  • Keith Huber
  • Cappellotto Spa
  • Alamo Group Inc.
  • Kanematsu Engineering Co., Ltd.
  • Sewer Equipment
  • Vacall Industries
  • Vactor Inc
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In January 2021, Vac-con Truck and Manufacturing, Inc. named Westvac Industrial Ltd. as the exclusive dealer for Vac-Con products in Western Canada. Westvac offers sales, service, and support to Vac-Con customers in this area.

 

Market Segment

This study forecasts revenue at France, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the North America vacuum truck market based on the below-mentioned segments:

 

North America Vacuum Truck Market, By Product Type

  • Liquid and Dry Suctioning
  • Liquid Suctioning Only

 

North America Vacuum Truck Market, By Application

  • Industrial
  • Excavation
  • Municipal
  • General Cleaning
  • Others

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