Global Vacuum Truck Market to Surpass USD 3,653.21 Million by 2031 | CAGR of 7.5%
Category : Automotive Services | Published Date : Nov 2024 | Type : Press Release
Vacuum Truck Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Vacuum Truck Market was valued at USD 2,044.20 Million in 2023 and is projected to reach USD 3,653.21 Million by 2031, growing at a CAGR of 7.5% from 2024 to 2031. Vacuum trucks, also known as vacuum tankers, are specialized vehicles equipped with pumps and storage tanks designed for the collection, transportation, and disposal of liquid waste, slurries, and hazardous materials. These vehicles create a vacuum to draw materials into their tanks, playing a critical role in waste management, environmental cleanup, and industrial maintenance.
The report comprises the Vacuum Truck Market Share, Size & Industry Analysis, By Product Type (Liquid Vacuum Trucks, Dry Vacuum Trucks, Combination Vacuum Trucks), By Application (Industrial, Municipal, Commercial, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024–2031.
The report contains detailed information on Vacuum Truck Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing focus on environmental protection and stringent waste management regulations are driving market growth, while high capital and maintenance costs remain a challenge.
Segmental Analysis :
By Product Type, the market is segmented into Liquid Vacuum Trucks, Dry Vacuum Trucks, and Combination Vacuum Trucks.
- Liquid Vacuum Trucks held the largest share of 61.28% in 2023, driven by their widespread application in the oil and gas, wastewater management, and industrial cleaning sectors.
- Combination Vacuum Trucks are anticipated to exhibit the fastest CAGR during the forecast period, owing to their versatility in handling both liquid and dry waste materials, making them suitable for diverse applications like sewer cleaning and hazardous material management.
By Application, the market is divided into Industrial, Municipal, Commercial, and Others.
- Municipal applications accounted for the largest revenue share in 2023, driven by the demand for sewage and wastewater management in urban areas.
- Industrial applications are expected to grow at the fastest CAGR, supported by the need for efficient waste handling in sectors like petrochemicals, power plants, and mining.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific is projected to grow at the highest CAGR, with China leading the demand driven by rapid industrialization, urbanization, and environmental regulations.
- North America remains a key market due to stringent environmental regulations and increasing investments in infrastructure projects, with the United States holding a dominant share.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 3,653.21 Million |
| CAGR (2024-2031) | 7.5% |
| By Product Type | Liquid Vacuum Trucks, Dry Vacuum Trucks, Combination Vacuum Trucks |
| By Application | Industrial, Municipal, Commercial, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape of the vacuum truck market features prominent industry players engaging in product innovations, strategic acquisitions, and partnerships to strengthen their market positions. The competitive analysis examines strengths, weaknesses, market share, and growth strategies.
List of prominent players in the Vacuum Truck Industry:
- Federal Signal Corporation (USA)
- Vac-Con, Inc. (USA)
- Cappellotto S.p.A. (Italy)
- Keith Huber Corporation (USA)
- Super Products LLC (USA)
- Sewer Equipment (USA)
- Guzzler Manufacturing, Inc. (USA)
- Ledwell & Sons (USA)
- KOKS Group (Netherlands)
- Foton Motor Group (China)
Recent Industry Developments :
- In September 2023, Vermeer announced a redesign of its VXT600 vacuum truck, enhancing its performance with a lightweight build, increased spoil tank capacity, and improved maneuverability for utility contractors.
- In March 2024, Blue Planet acquired Vac-Tech Engineering, integrating its fleet of vacuum trucks for enhanced hazardous waste removal, supporting sustainable waste management solutions.
