The future of the global vacuum truck market looks promising with opportunities in the industrial, excavation, muncipal, and general cleaning markets. The global vacuum truck market is expected to reach an estimated $3 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are rise in environmental consciousness, growing need for industrial cleaning applications, and boom in the demand for waste management.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the vacuum truck market by
product type (dry & liquid suctioning and liquid suctioning), fuel type
(electric and ice), application (industrial, excavation, muncipal, general
cleaning, and others), and region (North America, Europe, Asia Pacific, and the
Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business risks
in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, dry and
liquid suctioning and liquid suctioning are the major segments of vacuum truck
market by product type. Lucintel forecasts that dry and liquid suctioning will
remain the larger segment over the forecast period because it is especially
crucial for sectors of the economy that generate a lot of waste or are subject
to tight laws governing the collection and disposal of waste.
Within this market,
industrial will remain the largest segment over the forecast period because
they produce large volumes of trash, industries like mining, oil and gas, and
chemical processing need to find effective ways to remove and dispose of their
waste.
Europe will remain the
largest region over the forecast period due to presence of established
manufacturers and high market penetration, increasing construction activities,
launch of new product variants, as well as, integration of advanced
technologies.
Rivard, FULONGMA, Keith
Huber, vac-con, KOKS, Kanematsu Engineering, and CAPPELLOTTO are the major
suppliers in the vacuum truck market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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