Enjoy complimentary customisation on priority with our Enterprise License!
The vacuum truck market size is forecast to increase by USD 349.1 million, at a CAGR of 5.5% between 2023 and 2028. The market is witnessing significant growth due to the rising application of vacuum trucks in industrial cleaning processes. This trend is driven by the increasing demand for efficient and effective solutions for waste management and environmental protection in various industries, such as oil and gas, chemical, and construction. Another trend influencing the market is the advent of electric vacuum trucks, which offer several advantages over traditional diesel-powered models, including lower operating costs, reduced emissions, and improved maneuverability. However, the high operating cost of vacuum trucks remains a challenge for market growth, as these vehicles require significant investment in terms of purchase price, maintenance, and fuel consumption. Despite this, the market is expected to continue expanding due to the growing demand for advanced waste management solutions and the increasing adoption of electric vehicles in various industries.
The market is witnessing significant growth due to its increasing applications in industrial cleaning and municipal corporations. Vacuum tankers are increasingly being used for sewer systems, hydro-excavation for environmental cleanup, and waste management services. The integration of telematics, automation, and remote monitoring in vacuum trucks is making them labor-efficient and increasing production capacity. Urbanization and the need for efficient waste management have further boosted the demand for vacuum trucks in various industries. The market caters to both liquid and dry suctioning applications, making them versatile tools for industrial applications, excavation, and general cleaning. Hydro-excavating vacuum trucks are increasingly being used for wastewater management, providing innovative solutions to the challenges posed by complex sewer systems. Strategic collaborations between market players and technology providers are driving the development of advanced vacuum trucks, addressing the semiconductor shortage and enhancing the overall value proposition.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The industrial systems segment is estimated to witness significant growth during the forecast period. Vacuum trucks, specifically vacuum tankers, play a crucial role in municipal corporations' waste management services, particularly in sewer systems. These trucks employ hydro-excavation technology for environmental cleanup and excavation, enabling labor-efficient solutions for urbanization. Vacuum trucks are integral to wastewater management, offering both liquid and dry suctioning capabilities for industrial applications. The market is witnessing significant advancements, with innovations in telematics, automation, and remote monitoring. These technologies enhance production capacity and improve operational efficiency. Urbanization and the resulting infrastructure development necessitate the adoption of vacuum trucks for sewer services, septic services, and industrial waste management.
Get a glance at the market share of various regions Download the PDF Sample
The industrial segment was the largest and was valued at USD 372.80 million in 2018. The market is experiencing a semiconductor shortage, impacting the production of electric and internal combustion engine models. However, strategic collaborations and the pursuit of innovative solutions are driving progress in this sector. Suction systems, including liquid waste and solid waste suctioning, are essential components of vacuum trucks, catering to various industries. Federal Signal Corporation, among others, offers a comprehensive range of suction excavators and sewer cleaning trucks. These vehicles are integral to maintaining environmental sustainability and ensuring municipal applications function optimally. The future of the market lies in continued advancements in technology and collaboration between industry leaders to address the evolving needs of waste management and environmental sustainability.
For more insights on the market share of various regions Download PDF Sample now!
Europe is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Vacuum tankers play a crucial role in municipal corporations' waste management services, particularly in sewer systems. These trucks, also known as sewer cleaning trucks or hydro-excavating trucks, employ advanced technologies such as hydro-excavation for environmental cleanup and wastewater management. Vacuum tankers are integral to urbanization, providing labor-efficient solutions for industrial applications, including liquid & dry suctioning, excavation, and general cleaning. Telematics, automation, and remote monitoring enhance their productivity and efficiency. The market for vacuum tankers is witnessing strategic collaborations and the development of innovative solutions, focusing on environmental sustainability and municipal applications, such as sewer services and septic services. The industry faces challenges due to the semiconductor shortage and fuel type preferences, with electric and internal combustion engine options available.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising application of vacuum trucks in industrial cleaning is notably driving the market growth. The market is witnessing significant growth due to its extensive applications in various industries, including oil and gas, construction, and others. These trucks are increasingly being utilized for waste disposal, particularly in the handling of both hazardous and non-hazardous waste. Vacuum trucks offer an efficient and cost-effective solution for industrial cleaning, making them a popular choice for routine maintenance.
Moreover, the increasing focus on public health and sanitation has led to stringent government regulations, necessitating the use of specialized cleaning tools and trucks in industrial settings to ensure employee safety. Industrial facilities such as factories, manufacturing plants, self-storage facilities, warehouses, and power plants rely on vacuum trucks to maintain their interiors and adhere to regulatory requirements. Thus, such factors are driving the growth of the market during the forecast period.
Advent of electric vacuum truck is the key trend in the market. The market is expected to experience significant growth during the forecast period, driven by advancements in energy-efficient vehicle technology and an increasing focus on waste disposal, public health, and sanitation. The handling of both hazardous and non-hazardous waste is becoming increasingly important, leading to the adoption of electric vacuum trucks. In the first half of 2022, the sales of battery electric and plug-in hybrid electric vehicles have increased by 62% compared to the same period in 2021, reflecting the growing preference for electric vehicles due to their low operating costs and environmental benefits.
European countries, such as Norway and the Netherlands, have already seen a shift towards electric vehicles, with their sales surpassing those of petrol and diesel vehicles. This trend is expected to extend to the market, as stricter emission rules and the need for sustainable waste management solutions continue to drive demand. Thus, such trends will shape the growth of the market during the forecast period.
High operating cost of vacuum trucks is the major challenge that affects the growth of the market. Vacuum trucks play a crucial role in waste disposal, particularly in the handling of both hazardous and non-hazardous waste. These advanced vehicles integrate sophisticated technology, such as pumps, filter systems, off-loading systems, suction hoses, and sensors and transmitters, to ensure effective and efficient waste collection and transportation. However, the high cost of these subsystems significantly increases the price of vacuum trucks. Furthermore, the frequent maintenance needed to keep these components functioning optimally adds to the expense.
The hydraulic tank and fluid reservoir in vacuum trucks require regular draining to utilize hydraulic filters, which contributes to the rough use of these vehicles and reduces their lifespan. Consequently, the increased maintenance costs may deter customers and lead them to opt for traditional or manual cleaning methods, thereby hindering the growth of the market during the forecast period. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alamo Group Inc. - The company offers vacuum trucks under its brand Nitehawk Sweepers, The ODB and Schwarze Industries.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing demand from municipal corporations for sewer system maintenance and environmental cleanup services. Vacuum tankers, also known as sewer cleaning trucks or hydro-vac trucks, play a crucial role in the waste management industry for tasks such as liquid & dry suctioning, hydro-excavation, and general cleaning. These trucks are integral to sewer services, septic services, and industrial waste management, including cleaning industrial tanks and suction systems. Urbanization and the resulting infrastructure development are driving the demand for labor-efficient trucks equipped with telematics, automation, and remote monitoring capabilities.
Moreover, innovative solutions, such as electric fuel types, are gaining popularity to address environmental sustainability concerns. The market is also witnessing strategic collaborations and the integration of advanced technologies like semiconductor components, which may be affected by the ongoing semiconductor shortage. Industrial applications, including excavation and wastewater management, further expand the market scope. Fuel types, such as electric and internal combustion engines, influence the production capacity and operational efficiency of vacuum trucks. Companies in the market offer a range of vacuum trucks, including vacuum tankers, suction excavators, and Federal Signal Corporation's vacuum trucks, catering to diverse industries and applications.
Market Scope |
|
Report Coverage |
Details |
Page number |
137 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.5% |
Market growth 2024-2028 |
USD 349.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.3 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 37% |
Key countries |
US, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AFI Group, Alamo Group Inc., Amphitec b.v., Cappellotto S.p.A., Chengli Special Automobile Co. Ltd., DISAB Vacuum Technology AB, Federal Signal Corp., Fulungma Group Co. Ltd., GapVax Inc., Hi Vac Corp., Hol Mac Corp., Kanematsu Engineering Co. Ltd., KOKS Group BV, Ledwell, RIVARD S.A.S, Sewer Equipment Co. of America, The Toro Co., Tornado Global Hydrovacs Ltd., Transway Systems Inc., and Vac Con Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.