Vacuum Truck Market : The Growing Demand for Vacuum Trucks in Waste Management Forecast, 2021-2031

According to a new report published by Allied Market Research, titled, "Vacuum Truck Market," The vacuum truck market was valued at $1.5 billion in 2021, and is estimated to reach $2.7 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.

The Europe region dominates the market in terms of revenue, followed by North America, Asia-Pacific, and LAMEA. In Asia-Pacific, China dominated the vacuum truck market in 2021, whereas India is expected to grow at a significant rate during the forecast period. Vacuum trucks are necessary in industrial and municipal settings for suction of water and debris left from hydro-excavation or drilling jobs. It is often involved in street cleaning operations to clean up garbage from curbs, ditches, and other places.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/17131

It can easily collect dirt, small rocks & stones, asphalt pieces, and leaves through its vacuum pipe and store it in the tank. In rescue efforts and environmental calamities, vacuum trucks can be quite valuable. Vacuum trucks are critical for prevention of contamination of the environment or local waterways by efficiently clearing and storing hazardous waste or oil spills. Vacuum trucks are used to aid emergency personnel with rescue efforts in the past.

The prominent key factors that drive the growth of the vacuum truck system market are rise in need for industrial cleaning, growth in environmental awareness, and demand for waste management. The market economy is responsible for the growth of the vacuum truck market. Countries such as China, India, Brazil, and South Africa are growing economies. Thus, the manufacturing sector has witnessed prominent growth in these countries, which is expected to provide lucrative opportunities for the expansion of the vacuum truck industry.

Competition among key industry players to deploy top quality vacuum trucks and expand a company's portfolio drives the market growth. Government waste management initiatives across all sectors of the economy have led to widespread adoption of vacuum trucks across multiple industries and communities, strengthening the vacuum truck market.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/vacuum-truck-market/purchase-options

The Vacuum Truck market is segmented on the basis of product type, application, fuel type, and region. By product type, the market is segregated into dry & liquid suctioning and liquid suctioning. The liquid suctioning segment serves as the top investment pocket for investors to capitalize in the near future and is anticipated to be the most lucrative segment in the global market, owing to rise in water management projects and water plants across the globe.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

The COVID-19 impact on the vacuum truck market is unpredictable, and is expected to remain in force for a few years.

The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of essential raw material items for most of 2020, and few months in 2021. This led to sudden decline in availability of important raw materials for vehicle components.

As a result of interrupted supply chains and production schedules caused by the COVID-19 pandemic, automotive production and sales suffered severely, which, in turn, negatively impacted the market for vacuum truck in 2020.

To prevent the spread of the COVID-19 virus, governments across the globe implemented strict lockdowns and made social distancing mandatory.

Consequently, several organizations began work from home programs as precautionary measure. This led to a sudden decline in global demand for automobiles, which has affected the vacuum truck market

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/17131

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :

By product type, the liquid suctioning segment is expected to register a significant growth during the forecast period.

By application, the industrial segment is projected to lead the global vacuum truck market

By fuel type, the battery electric segment is projected to lead the global vacuum truck market

Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

CAPPELLOTTO S.P.A,
Federal Signal Corporation,
FULONGMA GROUP Co., Ltd,
GapVax,
Gradall Industries, Inc.,
Kanematsu Engineering Co., Ltd.,
Keith Huber Inc.,
KOKS Group bv.,
Rivard

𝐁𝐫𝐨𝐰𝐬𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/vacuum-truck-market-A16757

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Connected Truck Market : https://www.alliedmarketresearch.com/connected-truck-market-A09614

Forklift Truck Market : https://www.alliedmarketresearch.com/forklift-truck-market

Hydrogen Fuel Cell Truck Market : https://www.alliedmarketresearch.com/hydrogen-fuel-cell-truck-market-A74607

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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