New Delhi, November 02, 2022 (GLOBE NEWSWIRE) — North America Vacuum Truck Market thrives on increased emphasis on the activities of the petrochemical industry, the increasing demand for vacuum trucks, and the rapid growth of urbanization and industrialization.
BlueWeave Consulting, a leading strategic consulting and market research firm, assessed in its latest study North America Vacuum Truck Market size: 961.2 million USD in 2021. During the forecast period of 2022 to 2028, BlueWeave anticipates the North American vacuum truck market. size will grow at a steady CAGR of 9.7% to reach USD 1,827.3 million by 2028. North America Vacuum Truck Market it is driven by advanced vacuum truck technology, ease of operation and increased environmental awareness. Furthermore, due to rapid urbanization and industrialization, there is a demand for vacuum trucks in cities and communities for a variety of functions such as sewage treatment, preventive maintenance, and industrial cleaning.
Petrochemical companies use vacuum trucks for emergency cleanup, offshore work and oil separation. However, components, advanced vacuum truck technology, and regular maintenance are expensive. Therefore, this may lead consumers to use traditional cleaning techniques. This, in turn, is expected to hinder the growth of the North American vacuum truck market.
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North America Vacuum Truck Market – Overview
The vacuum truck includes a vacuum pump, built-in filter and debris collection tank designed to collect and transport waste, sludge and large-scale sludge and liquid cleaning in municipal applications. Additionally, they are used in various industries such as construction, automotive, and manufacturing. Vacuum trucks are useful for cleaning and sanitizing tidal ponds, tanks and municipal water infrastructure through powerful hydro extraction and vacuum frames. Advanced materials such as carbon fiber and Kevlar are increasingly used in the manufacture of vacuum machines. Because these materials are strong and lightweight, vacuum trucks use less gas and are easier to maneuver. Using solid materials can help extend the life of the vacuum truck by protecting it from breaking down over time. Therefore, the North American vacuum truck market is projected to continue to grow in the coming years.
North America Vacuum Truck Market – By application
On the basis of application, the North America vacuum truck market is segmented into Industrial, Municipal, Excavation, and General Cleaning. The industrial segment dominates the North America vacuum truck market due to increasing industrialization and urbanization, in-built waste management projects, and growing adoption of sewage treatment trucks across the region. On the other hand, the municipal application segment is expected to grow at the highest rate during the forecast period as key manufacturers focus on adapting municipal trucks as well as emerging requirements for municipal waste treatment. In the coming years, the remaining sectors in the market, such as excavation and general cleaning, are expected to increase in value and volume.
Please see the press release. https://www.blueweaveconsulting.com/press-release/north-america-vacuum-truck-market-size-to-surge-fast-usd-1-8-billion-by-2028
Impact of COVID-19 North America Vacuum Truck Market
The COVID-19 pandemic has had a detrimental effect on the North American trucking business. In 2020 and early 2021 due to the severe blocking and import-export ban of important raw materials. Consequently, the availability of critical raw materials for vehicle components decreased. Due to disruptions in supply chains and production schedules caused by the COVID-19 pandemic, vehicle manufacturing, component suppliers, revenues and sales were also affected, adversely affecting the North American vacuum truck market, resulting in lower unit sales/production volumes. and personal income in 2020 and 2021. However, consistent economic growth and expanding supply chain interactions will be key drivers of the North America vacuum truck market during the COVID-19 pandemic.
Key players operating in the North America vacuum truck market include Federal Signal, Vac-Con, Kirkland & Ellis, GapVax, Cappellotto, Keith Huber, Sewer Equipment, Vacall Industries, KOKS, Fulongma group, Ledwell, Dongzheng and Vactor Inc. their market share, these companies employ a variety of strategies, including mergers and acquisitions, partnerships, joint ventures, licensing agreements, and new product development.
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An in-depth analysis of the report provides information on the growth potential, upcoming trends, and statistics of the North America Vacuum Truck market.. It also highlights the factors driving the overall market size projections. The report promises to provide the latest technological trends and industry insights in the North America Vacuum Truck market to help decision makers make sound strategic decisions. Furthermore, the report also analyzes the market growth drivers, challenges, and competitive dynamics.
- in March 2021 – Under the VecJet portfolio, Vac-Con introduced the next generation of trailer-mounted sewage jet systems. Consumers can choose between a 375-gallon or 750-gallon water-capacity engine with either gas or diesel fuel.
Scope of the report
|Calculated years||Historical data – 2018-2021|
|Base year – 2021|
|Estimated year – 2022|
|Forecast period – 2022-2028|
|Facts covered||Revenue in million dollars|
|Market coverage||United States, Canada|
|Product/service segmentation||Product Type, Application, Fuel, Country|
|Main players:||Federal Signal, Vac-Con, Kirkland & Ellis, GapVax, Cappellotto, Keith Huber, Sewer Equipment, Vacall Industries, KOKS, Fulongma group, Ledwell, Dongzheng, Vactor Inc.|
By product type
- Dry and liquid absorption
- Liquid absorption only
- General cleaning
By fuel type
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