About Vacuum Truck
A vacuum truck is designed to suck liquids, sludges or slurries with the help of air pressure that is created due to vacuum. It basically consists of two parts that are a suction pump and a tank to carry collected material from a specific location to another location for disposal or re-use. It is used to transport sewage sludge, industrial liquids, or slurries from animal waste. It is also used for cleaning of contaminated soil. Depending on the material to be sucked, Vacuum Trucks can be categorized as Liquid Suctioning, both Liquid & Dry Suctioning and High Velocity. Vacuum trucks are also known as vacuum tanker, Sucker truck, Sewer Sucker, Hydro-vac, vac-trucks, honey truck, honey sucker and honey-wagon. These trucks have applications in many sectors that can be listed as Industrial, Excavation, Municipal and Others. In the petroleum industry, vacuum trucks are used for cleaning of storage tanks and spills. These trucks are also used in the cleaning of sanitary sewer pumping stations, airplane toilets, non-centralized sanitation systems, and portable toilets
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
To build global market share, key players are using techniques like mergers and acquisition. This trucks are also available on rent, even rental companies are gaining attraction in the market. In spite of competition, many players are investing in this market as the global recovery trend is clear Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Vacuum Truck market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Federal Signal (United States), K&E (Japan), Vac-Con (United States), KOKS (Netherlands), Sewer Equipment (United States), GapVax (United States), Cappellotto (Italy), Heli (China), Vacall Industries (United States) and Keith Huber (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Rivard (France), Hi-Vac (United States), Super Products (United States), AFI (Saudi Arabia) and Argosy Capital (United States).
Segmentation Overview
AMA Research has segmented the market of Global Vacuum Truck market by Type (Liquid Suctioning Only, Liquid and Dry Suctioning and High Velocity), Application (Industrial, Excavation, Municipal and Others) and Region.
On the basis of Type, Liquid Suctioning Only are dominating the market and held 55.39% of market share in the year 2023 where as Liquid and Dry Suctioning stood as second largest market share and accounted for 34.6%.
On the basis of application, Industrial segment is dominating the market in the year 2023 where as Excavation segment stood as second largest market .On the basis of geography, the market of Vacuum Truck has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Machine Category, the sub-segment i.e. Dual Engine Combination Machine will boost the Vacuum Truck market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Large demand for labor-efficient vehicles at home and abroad
Market Growth Drivers:
Growing demand for oil & gas industry and Increasing government attention towards a neat and clean environment
Challenges:
Limitation of downstream market
Restraints:
Mechanical transformations in the product
Opportunities:
Technological Advancement of the product
Market Leaders and their expansionary development strategies
On March 15, 2023, Argosy Private Equity acquired Vac2Go, LLC. The Company offers daily to multi-month rentals of the latest model trucks and equipment to industrial service contractors, environmental contractors, the construction, excavation, and utility industries, and to state and local municipal governments.
In April 2023, George Municipality in the Western Cape launched wastewater rehabilitation projects by using Werner Pumps units. The corporation found these rental units essential; the Impi Combi Unit has a hydraulically driven vacuum pump operating at 1700 m3/hr.
Key Target Audience
Vacuum Truck Industry Investors, Vacuum Truck Providers/Vendors, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Research Institutes, Original Equipment Manufacturer, Component Supplier, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.