The global vacuum truck market size was valued at USD 1.16 billion in 2021. The market is projected to grow from USD 1.22 billion in 2022 to USD 1.93 billion by 2030, exhibiting a CAGR of 6.8% during the forecast period.

Vacuum Truck Market Overview:

The COVID-19 pandemic has had effects all over the world that have never been seen before. For example, demand for vacuum trucks is lower than expected in all regions compared to levels before the pandemic. Based on our research, the world market was 10.2% smaller in 2020 than it was in 2019.

Vacuum trucks, also called vacuum tankers, are often used by cities to clean up large amounts of liquid and sludge. They are most often used to maintain sewer and septic systems. They can also be used in industrial and municipal settings to clean up water and debris left over from hydro-excavation or drilling jobs. Vacuum tankers are used by cities and businesses to clean up the environment, maintain storage tanks, and get rid of waste. They can remove mud and expose utility lines to keep sewer systems from getting too full.

Market Dynamics:

Latest Trends:

The many ways these trucks can be used makes it easier for new consumer groups to grow, and the growing demand for labor-efficient trucks is changing the market in a fundamental way. Also, as construction equipment sellers and rental fleet owners work together more, the products are getting better and better at meeting customer needs. Even though there are problems now, the market is expected to get better. Stakeholders are optimistic about new investment opportunities, which will help grow the market.

Driving Factors:

Industrial vacuum tankers, which are also called vacuum loaders, are used all over the world to clean slurries, liquids, solids, and dry waste from hard to reach places. Based on what customers say, these trucks are made to handle the toughest dry or wet industrial liquids sludge or slurry cleaning applications. Also, many companies on the market are taking steps to grow their industrial vacuum truck businesses by using different methods.

For example, in North America, sales of Hydrovacs for use in construction have grown a lot. Also, these trucks use high-pressure water to break up the soil while a powerful vacuum system pulls the dirt into a tank. The market is also growing because these vehicles are becoming safer and developing countries are getting better. Also, there are many models, options, and ways to load and unload to make sure the best fit for cleaning applications. So, all of these factors add to the growth of the market for vacuum trucks.

The growth of the global market is affected by things like more people living in cities, more waste, and new features that save people time and energy and help them do what they want to do in an efficient and effective way. Also, rental companies work with manufacturers to make sure that the design of the product fits the exact needs of the customer, which helps the business make more money.

Also, improvements like customised vacuum trucks, the ability to turn 90 degrees, lightweight but heavy-duty parts for building and making vacuum trailers, and less reliance on other machines because they are stable, reliable, and safe are driving the demand for several end-use applications-based vacuum trucks in the global market. Also, the use of waste management practises in logistics, construction, agriculture, and other fields, as well as the government's efforts to raise awareness about waste management, are likely to make more people want these trucks.

Restraining Factors:

One of the biggest problems the market is facing right now is how slow the downstream market is. Since there was a lot of demand for fuel-efficient cars, trucks, and other vehicles both at home and abroad, a lot of big players started to get into the labor-efficient vacuum tanker market. Also, the growth of the market is likely to be slowed by limitations in the downstream market.

The growth of the global vacuum truck industry has also been slowed by a lack of production capacity after the initial lockdown in 2020, a shortage of semiconductors in 2021, and the high costs of servicing and making these trucks. The drop in demand and supply is likely to stop the market from growing.

Segmentation Analysis:

By Product Type Analysis:

The market is split into two groups based on the type of product: liquid and dry suctioning and liquid suctioning only.

The largest share of the market is held by liquid and dry suctioning. During the forecast period, the liquid suctioning only segment will have a high CAGR. This is because water management projects, water plants, and efforts to save water around the world are expected to grow. Also, the fact that more liquids are being sucked up in industrial, commercial, and oil industries will help their business grow a lot in the coming years.

The segment of liquid and dry suctioning will grow slowly and be widely used. In 2021, the segment for liquid and dry suctioning made up 57.3% of the market. The segment that only deals with liquid suctioning is growing quickly and has a low market share.

By Application Analysis:

Based on how they are used, the market is divided into industrial, excavation, municipal, general cleaning, and others.

Most of the market is expected to come from the industrial segment. There are many reasons for this dominance, such as the fast growth of the industrial sector in both developing and developed countries. Trucks are becoming more and more important. Also, the municipal segment is expected to have the second-largest market share because there is a growing need to clean up municipal waste. During the forecast period, the excavating and general cleaning segments are also expected to hold a large share of the market and grow at a high rate.

Regional Insights:

Europe was worth USD 0.47 billion in 2021, and it is expected to be worth USD 0.67 billion by 2029, which is an annual growth rate of 4.8%. Due to the fact that more vacuum trucks are being made each year in European countries, the region is likely to be the largest automotive hub in the world. This growth can be attributed to the rapid growth of cities, the rise in living standards, and the growing use of these trucks in industrial settings. During the forecast period, the growth of the market in the region is likely to be helped by strong government initiatives and ongoing water treatment projects.

North America is the second largest market, thanks to the growing number of people who own rental fleets and use them in industrial areas. The growth of a market is due to the fact that the U.S. and Canada have good cleaning policies.

The market in Asia-Pacific is expected to grow at a healthy rate because more industrial slurry and sludge removal jobs are being done all over the area. Because more cars are being made every year in Asian countries, this area is a hub for the auto industry. During the forecast period, the market in the region is expected to grow because more important government programs are being taken up and more electric and self-driving cars are being used.

Scope Analysis

Recent Development:

• March 2022 – Vac-Con, Inc. announced the acquisition of the assets of PEIRCE-EAGLE EQUIPMENT COMPANY. This acquisition will help the company expand its presence.
• March 2021 – Vac-Con has successfully launched the next generation of trailer-mounted sewer jetting units under its VecJet portfolio. Consumers can choose a 375 gallon or 750 gallon water capacity engine with gas and diesel as fuel options.
• April 2020 – Vactor introduced the IMPACT Combination Sewer Cleaner with a compact design for easy maneuverability in tight and confined spaces. It is an economical choice for small applications.

Market Segmentation

By Product Type:

• Liquid and Dry Suctioning
• Liquid Suctioning Only
• Others

By Application:

• Industrial
• Excavation
• Municipal
• General cleaning
• Other

By Companies:

• Federal Signal (U.S.)
• Vac-Con (U.S.)
• Keith Huber (U.S.)
• Sewer Equipment (U.S.)
• Vacall Industries (U.S.)
• KOKS (Netherland)
• Dongzheng (China)
• Vactor Inc (U.S.)
• Others