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IMARC Group, a leading market research company, has recently releases report titled, “Vacuum Truck Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global vacuum truck market trends, share, size and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the vacuum truck market?
How big is the vacuum truck market?
The global vacuum truck market size reached US$ 1.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.78% during 2023-2028.
What is vacuum truck?
What is vacuum truck?
Vacuum trucks are heavy-duty vehicles designed to collect, transport, and dispose of various types of waste, including liquid, sludge, and solid materials. They consist of a tank, vacuum system, and high-pressure pump to store the waste, create suction, and transport it to its destination. They are highly versatile, safe, and efficient, allowing users to complete work quickly and effectively. They can handle different materials and are used in several environments and conditions, including cleaning up spills, removing sludge from tanks and pits, and transporting waste to landfill sites. At present, key players are integrating advanced filtration systems, such as high-efficiency particulate air (HEPA) filters, into vacuum trucks to improve the air quality inside the truck and minimize the risk of operator exposure to hazardous materials.
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What are the growth prospects and trends in the vacuum truck industry?
What are the growth prospects and trends in the vacuum truck industry?
The global vacuum truck market is primarily driven by the increasing construction activities in the residential, commercial, and industrial sectors. Moreover, the rising demand for industrial cleaning, including cleaning tanks, vessels, and pipelines, is positively influencing the market growth. Additionally, the increasing number of wastewater treatment plants and the rising consumer awareness about the harmful effects of pollutants have catalyzed market growth. Furthermore, several favorable initiatives by numerous governmental and non-governmental organizations (NGOs) to promote waste management plans and eliminate illegal waste disposal and reuse are contributing to market growth. Other factors, including the introduction of autonomous and electric vacuum trucks equipped with advanced pump technology, rapid urbanization, and technological advancements, are also anticipated to drive the market further.
What is included in market segmentation?
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights:
Dry and Liquid Suctioning
Liquid Suctioning
Fuel Type Insights:
Electric
ICE
Application Insights:
Industrial
Excavation
Municipal
General Cleaning
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
Who are the key players operating in the industry?
Who are the key players operating in the industry?
The report covers the major market players including:
Cappellotto S.p.A.
DISAB Vacuum Technology AB
Fulongma Group Co. Ltd.
GapVax, Kanematsu Engineering Co. Ltd.
Keith Huber Corporation
Koks Group B.V.
Sewer Equipment Co. of America
Vac-Con Inc. (Holden Industries Inc.)
Vactor Inc. (Federal Signal Corporation), etc.
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