NEW DELHI, 2 NOVEMBER 2022 (GLOBE NEWSWIRE) — North American vacuum truck market thriving because it is increasingly emphasized On petrochemical industry activity, the surge in demand for vacuum trucks, and the rapid growth of urbanization and industrialization.
BlueWeave Consulting, a leading strategic consulting and market research firm, estimates in a recent study: North American vacuum truck market US$961.2 million size in 2021. During the forecast period from 2022 to 2028, BlueWeave forecasts the North American vacuum truck market. North American Vacuum Truck Market to Reach a Value of USD 1,827.3 Million by 2028, Growing at a Steady CAGR of 9.7% is driven by advanced vacuum truck technology, ease of operation, and growing environmental awareness. In addition, rapid urbanization and industrialization have created new demands in towns and municipalities for vacuum trucks with various functions such as sewage cleaning, preventive maintenance and industrial cleaning.
Petrochemical companies use vacuum trucks for emergency cleanup, offshore operations, and oil separation. However, components, vacuum truck sophistication, and regular maintenance come at a cost. As a result, consumers may adopt more traditional cleaning techniques. This is expected to hamper the growth of the North American vacuum truck market.
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North American vacuum truck market – Overview
Vacuum trucks consist of vacuum pumps, in-line filters and debris collector tanks and are designed to collect and transport waste, slurry and bulk sludge and liquid cleanup in municipal applications. Moreover, it is used in various industries such as construction, automotive and manufacturing. Vacuum trucks help clean and sanitize tidal pools, tanks and water infrastructure via a powerful hydraulic drilling and vacuum framework. Advanced materials such as carbon fiber and Kevlar are increasingly being used to manufacture vacuum vehicles. These materials are strong and lightweight, so vacuum trucks use less gas and are easier to operate. The use of sophisticated materials can protect the vacuum track from aging and extend the life of the vacuum track. Therefore, the North American vacuum truck market is projected to continue to rise in the coming years.
North American vacuum truck market – By Application
Based on application, the North American vacuum truck market is segmented into industrial, municipal, drilling, and general cleaning. The industrial segment dominates the North American vacuum truck market, owing to growth in industrialization and urbanization, in-line waste management projects, and increasing adoption of sewage cleaning trucks across the region. On the other hand, the municipal application segment is expected to grow at the fastest rate during the forecast period. This is as major manufacturers focus on customizing municipal trucks and the new requirements of washing municipal waste. In the coming years, remaining sectors such as drilling and general cleaning are also expected to increase in value and volume in the market.
See press release: https://www.blueweaveconsulting.com/press-release/north-america-vacuum-truck-market-size-to-surge-fast-usd-1-8-billion-by-2028
Impact of COVID-19 North American vacuum truck market
The COVID-19 pandemic has adversely affected our North American truck business. This is due to strict lockdowns and import/export bans on critical raw materials in 2020 and early 2021. As a result, the availability of critical raw materials for auto parts has decreased. Supply chain and manufacturing schedule disruptions from the COVID-19 pandemic have also set back vehicle production, component suppliers, revenues and sales, negatively impacting the North American vacuum truck market, leading to lower sales/production volumes. . However, consistent economic growth and increasing supply chain interactions will be the main drivers for the North American vacuum truck market post-COVID-19 pandemic.
competitive environment
Major players operating in the North American vacuum truck market include Federal Signal, Vac-Con, Kirkland & Ellis, GapVax, Cappellotto, Keith Huber, Sewer Equipment, Vacall Industries, KOKS, Fulongma group, Ledwell, Dongzheng, and Includes Vactor Inc. To maintain their market share, these companies adopt various strategies such as mergers and acquisitions, partnerships, joint ventures, licensing agreements, and new product development.
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A detailed analysis of the report provides information on the growth potential, future trends and statistics of the North American vacuum truck market. It also highlights the factors driving the forecast of the total market size. This report promises to provide recent technological developments and industry insights in the North American Vacuum Trucks market to help decision-makers make sound strategic decisions. In addition, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Recent development
- March 2021 – Under the VecJet portfolio, Vac-Con has introduced the next generation trailer-mounted sewage system. Consumers can choose from 375 or 750 gallon water capacity engines with gas or diesel as fuel options.
Reporting scope
| attribute | detail |
| Years of consideration | Historical Data – 2018-2021 |
| Base Year – 2021 | |
| Estimated Year – 2022 | |
| Forecast period – 2022–2028 | |
| facts covered | million USD revenue |
| Market range | USA, Canada |
| Product/service segmentation | Product type, application, fuel, country |
| main player | Federal Signal, Vac-Con, Kirkland & Ellis, GapVax, Cappellotto, Keith Huber, Sewer Equipment, Vacall Industries, KOKS, Fulongma group, Ledwell, Dongzheng, Vactor Inc. |
By product type
- dry and liquid suction
- liquid suction only
by application
- industrial
- Municipal
- Excavation
- general cleaning
By fuel type
by country
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