Vacuum Truck Market Size And Forecast Report 2024-2032

Global Vacuum Truck Market

The global vacuum truck market is projected to reach a value of US$ 3.11 billion by 2032, up from US$ 1.76 billion in 2023, with a CAGR of 6.53% between 2024 and 2032, according to Renub Research. These trucks, designed to vacuum and transport various materials, play a key role in industries such as municipal solid waste management, construction, and sewer maintenance.

Key Features of Vacuum Trucks

Vacuum trucks consist of a large tank attached to a vacuum hose, which sucks materials into the tank for transport. Many trucks are also equipped with a pressurized water hose, which can break apart rigid substances and clear roadways, making these vehicles versatile in both urban sanitation and industrial use.

Types of Vacuum Trucks:

  • Dry and Liquid Suctioning: Used for various materials.
  • Liquid Suctioning: Specifically designed for liquid waste removal.

Vacuum trucks are critical in managing the world’s growing solid waste. The UNEP projects an increase in global municipal solid waste from 2.3 billion tonnes in 2023 to 3.8 billion tonnes by 2050. This surge in waste, driven by urbanization, industrialization, and population growth, underlines the importance of vacuum trucks in maintaining sanitation.

Request a free sample copy of the report

Growth Drivers

  1. Increase in Waste Generation
  • The rise in global industrialization and population growth has significantly contributed to the surge in solid and liquid waste. Vacuum trucks are key in managing waste efficiently by cleaning production lines, clearing road debris, and managing municipal solid waste.
Technological Innovations
  • Manufacturers are constantly innovating to improve vacuum truck efficiency. In February 2023, Vac-Con released the Titan three-yard combination sewer cleaning truck, designed for enhanced functionality in sewer maintenance.
Industrial and Infrastructure Growth in Asia-Pacific
  • Asia-Pacific is expected to hold a significant share of the vacuum truck market, driven by rapid industrialization and infrastructure development in countries like India and China. India, for example, generates substantial municipal solid waste, estimated at around 150,000 tonnes per day in 2023.

Recent Developments in the Vacuum Truck Industry

  • September 2023: Vermeer redesigned its vacuum excavator to increase load capacity and improve component reliability, enhancing performance for road use.
  • March 2023: Handex acquired a Dragon DOT 130 BBL Vacuum Tank Trailer, capable of removing hazardous and non-hazardous waste.
  • April 2023: Hercules expanded its vacuum truck fleet to include 30 vehicles, including advanced excavators.

Regional Insights: Asia-Pacific

The Asia-Pacific region is a key player in the vacuum truck market, driven by the region's industrial expansion and infrastructure projects. India’s industrial production index showed growth of 5.2% in May 2023, further accelerating demand for vacuum trucks in waste management and industrial applications.

Major Companies in the Vacuum Truck Market

Key companies include:

  • Fulongma Group Co. Ltd.
  • Kanematsu Engineering Co. Ltd.
  • Cappellotto S.p.A.
  • DISAB Vacuum Technology AB
  • GapVax
  • Keith Huber Corporation
  • Koks Group B.V.
  • Sewer Equipment Co. of America

Browse related reports:

About Renub Research

Renub Research is a leading market research company with over 15 years of experience, specializing in research, surveys, and consulting. Our reports and insights help businesses make informed decisions in strategy, operations, and technology.

Contact Us:
Phone: +1-478-202-3244 | +91-120-421-9822 (IND)
Email: info@renub.com
Website: Renub Research
LinkedIn: Renub Research LinkedIn

 

Posted in Default Category on October 15 2024 at 12:47 PM

Comments (0)

No login