Global Vacuum Truck Market Value expected to reach 1450 million US$ by 2024 with growing CAGR of 3.9%

New Research Report on “Global Vacuum Truck Market Growth 2019-2024” added by www.MarketResearchNest.com in its database

Competitive analysis includes detailed information of manufacturer’s business models, strategies, revenue growth and all the data required that would benefit the person conducting the market research. For new investors and business initiatives market research is a must as it gives them a direction and a plan of action to move forward keeping in mind their competitors.

A vacuum truck, also known as vacuum loader or vacuum tanker, is a tank truck with a heavy duty vacuum designed to pneumatically load solids, liquids, sludge or slurry through suction lines typically 2-4" in diameter with 3" being the norm and then transport the load to an appropriate place for disposal or re-use.
The global vacuum truck industry mainly concentrates in North America and Europe in terms of market value. The global leading player in this market is Federal Signal, whose revenue is $ 1148.82 million in 2017, accounts for 13.03% of total revenue market.
The vacuum truck is mainly used in industrial, excavation and municipal field. The application market share of industrial and excavation is up to 64% in 2017 and it is forecasted that share will be maintain by 2023 with the increasing collaboration among rental fleet owners and vacuum truck manufacturers.
Currently, a major challenge affecting the market growth is the limitation of downstream market. As large demand of labor-efficient vehicles at home and abroad, many companies began to enter the field of labor-efficient vacuum truck industry.

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The widely application of vacuum truck promote the growth of customer segments and the rising demand for labor-efficient vehicles is bringing a radical change to the vacuum truck market. With increased collaboration among construction equipment manufacturers and rental fleet owners, the products are being designed as per the customer need. The rental companies form a large customer segment for the vacuum truck market. Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area and the future will still have more new investment enter the field. In the next five years, the consumption volume will keep slow increasing, as well as the consumption value.

According to this study, over the next five years the Vacuum Truck market will register a 3.9% CAGR in terms of revenue, the global market size will reach US$ 1450 million by 2024, from US$ 1150 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Vacuum Truck business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Vacuum Truck market by product type, application, key manufacturers and key regions and countries

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Liquid Suctioning Only
Liquid and Dry Suctioning
High Velocity
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Industrial
Excavation
Municipal
Others

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Toyo Tire
Federal Signal
KandE
Vac-Con
KOKS
Sewer Equipment
GapVax
Cappellotto
Heli
Vacall Industries
Keith Huber
Rivard
Hi-Vac
Aerosun
Super Products
AFI
Amphitec
Disab
Chengli
Ledwell
Foton
Dongzheng
XZL

Research objectives:
• To study and analyze the global Vacuum Truck Rental (value and volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2024.
• To understand the structure of Vacuum Truck Rental market by identifying its various subsegments.
• Focuses on the key global Vacuum Truck Rental manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Vacuum Truck Rental with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the consumption of Vacuum Truck Rental submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

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