Vacuum Truck Market Reach US$ 1450 Million by 2023 With 3.9% CAGR in Terms of Revenue
PUNE, India, October 5, 2018 /PRNewswire/ --
ReportsnReports adds 2018-2023 Global Vacuum Truck Market Consumption Report in its online database. 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 vacuum truck market is Federal Signal, whose revenue is $ 1148.82 million in 2017, accounts for 13.03% of total revenue market.
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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.
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.
Over the next five years, projects that Vacuum Truck will register a 3.9% CAGR in terms of revenue, reach US$ 1450 million by 2023, from US$ 1150 million in 2017.
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This report presents a comprehensive overview, market shares, and growth opportunities of Vacuum Truck market by product type, application, key manufacturers and key regions.
To calculate the market size, considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Liquid Suctioning Only
- Liquid and Dry Suctioning
- High Velocity
Segmentation by application:
- Industrial
- Excavation
- Municipal
- Others
This report also splits the market by region: Americas, APAC, Europe, Middle East & Africa
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:
- Federal Signal
- K&E
- 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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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Research objectives
- To study and analyze the global Vacuum Truck consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Vacuum Truck market by identifying its various subsegments.
- Focuses on the key global Vacuum Truck 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 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 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.
Table of Contents:
1 Scope of the Report
2 Executive Summary
3 Global Vacuum Truck by Players
4 Vacuum Truck by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Vacuum Truck Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion
List of Tables and Figures.
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