Report Overview

North America Vacuum Truck Market - Industry Trends & Forecast Report, 2028

North America Vacuum Truck Market size was estimated at USD 961.2 million in 2021. During the forecast period between 2022 and 2028, North America vacuum truck market size is projected to grow at a CAGR 9.7%, reaching a value of USD 1,827.3 million 2028. Major growth drivers for North America vacuum truck market include technology advancements in vacuum trucks, ease of operations, and growing environmental awareness. Due to rapid urbanization and industrialization, there is an emerging trend for vacuum trucks in towns and municipalities for various purposes, such as sewage cleaning, preventative maintenance, and industrial cleaning. In addition, vacuum trucks are employed by the petro-chemical industries for emergency clean-up, offshore activities and oil separation. Hence, these factors are also expected to boost the growth of North America vacuum truck market during the period in analysis.

North America Vacuum Truck Market

Growth Drivers

Increasing adoption of innovative technologies in vacuum trucks

Various innovative technologies are being adopted for vacuum trucks in the industrial sector. For instance, vacuum trucks are built to handle, tidy up a wide range of materials, and recycle and recover precious raw materials. The latest truck products are customized for durability, sustainability, and to withstand harsh conditions, which will fuel the growth of North America vacuum truck market. Growing urbanization in North American countries and increasing environmental awareness, such as waste management activities coupled with innovative vacuum truck features that make it convenient to operate while saving time, is expected to boost the growth of vacuum truck market in North America significantly.

Increasing environmental awareness

Waste from construction sites, factories, and other enterprises pollute various water bodies including ground water, potentially causing harm to aquatic and marine life. As a result, vacuum trucks are used to efficiently clean hazardous waste or oil spills to prevent contamination of the environment or entry into nearby waterways. The Environment Protection Agency (EPA) in the United States prefers to transport bio-solids using vacuum trucks due to their spill prevention and odor control capabilities. Strict environmental rules and legislation placed on enterprises to reduce harmful chemical exposure and other risks for a healthier environment are projected to drive North America vacuum truck market during the period in analysis.

Restraints

High operational costs

The vacuum truck is outfitted with various parts, such as pumps, filter systems, and suction hoses, all of which are expensive. This, in turn, raises the cost of vacuum trucks used in automobiles, as well as the expense of frequent maintenance required to keep the component in perfect functioning order. Furthermore, hydraulic filters used in vacuum trucks necessitate the timely emptying of fluid from the hydraulic tank and fluid reservoir, and rough use of these machines affects the shelf life of the equipment, resulting in expensive maintenance costs. All these factors may cause consumers to adopt conventional cleaning methods. This, in turn, could stifle the growth of North America vacuum market during the forecast period.

Impact of COVID -19 on North America Vacuum Truck Market

COVID-19 pandemic adversely affected truck market in North America. Due to the imposition of a strict lockdown and import-export ban on vital raw materials in 2020 and early 2021. Therefore, the supply of critical raw materials for truck components has decreased. Furthermore, due to the COVID-19 pandemic's disruption of supply chains and manufacturing schedules, automotive production, component suppliers, revenues and sales suffered setbacks, negatively impacting North America vacuum truck market resulting in decline of volume unit sales/ production and individual revenues in 2020 and 2021. However, consistent economic growth and growing supply chain interactions are the key contributors to the North America vacuum truck market in 2021. Likewise, active participation of the businesses such as waste management and cleaning demand fulfillment to enhance their business, which in turn created the product demand.

North America Vacuum Truck Market

Segmental Coverage

North America Vacuum Truck Market – By Product Type

Based on product type, North America vacuum truck market is bifurcated into Dry and Liquid Suctioning and Liquid Suctioning Only. The dry and liquid suctioning segment holds a higher share in North America vacuum truck market due to a surging demand for industrial application of excavation trucks and stringent regulations on waste management. Meanwhile, the liquid suctioning only segment could grow at a higher rate during the forecast period due to rising in oil and gas industry activities, such as tank cleaning and wastewater management project.

North America Vacuum Truck Market – By Application

Based on application, North America vacuum truck market is segmented into Industrial, Municipal, Excavation, and General Cleaning. The industrial segment dominates the market due to rapid urbanization, integrated waste management projects, and increased demand for sewage cleaning trucks are boosting the segmental growth. The municipal application segment is expected to grow at the highest rate as major manufacturers are emphasizing on customizing municipal trucks as well as an increasing need for cleaning municipal waste materials. The remaining sectors, such as excavation and general cleaning, are also expected to grow in value and volume in the coming years.

North America Vacuum Truck Market – By Fuel

Based on fuel type, North America vacuum truck market is bifurcated into Electric and Internal Combustion Engine (ICE). Currently, the ICE segment held a higher market share in the market by fuel. However, the electric vacuum truck segment is expected grow at a higher rate during the forecast period between 2022 and 2028 due to increasing popularity and adoption of electric vehicles (EVs).

North America Vacuum Truck Market – By Region

By country, North America vacuum truck market has the United States (the US) and Canada. The US is expected to dominate North America vacuum truck market due to increasing government initiatives, rapid industrialization growth, booming need for commercial vehicles, demand for high-end technology, and growing awareness for environment and safety. Canada, which is expected to be the second-largest contributor because of rapid urbanization growth, increasing freight exports, and improved living standards. Furthermore, strict cleaning laws in the US and Canada, as well as integrated projects and government support are crucial for the growth in North America vacuum truck market during the forecast period.

Competitive Landscape

Major players operating in 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. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In March 2021 - Under the VecJet portfolio, Vac-Con introduced the next generation of trailer-mounted sewer jet systems. Consumers can choose between a 375-gallon or 750-gallon water capacity engine with gas or diesel as fuel options.

Scope of the Report

By Product Type

• Dry and Liquid Suctioning

• Liquid Suctioning Only

By Application

• Industrial

• Municipal

• Excavation

• General Cleaning

By Fuel Type

• Electric

• ICE

By Country

• US

• Canada

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. North America Vacuum Truck Market Insights
   1. Fuel Type Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing adoption of innovative technologies in vacuum trucks
         2. Increasing environmental awareness
      2. Restraints
         1. High operational costs
      3. Opportunity
         1. Expanding commercial rental companies’ strategies and new coalitions provides the opportunities for market growth
      4. Challenges
         1. Lower demand for the sales of new vehicles reduced revenues due to covid-19 pandemic and continues to be a challenge
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. North America Vacuum Truck Market Overview
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product Type
         1. Dry and Liquid Suctioning
         2. Liquid Suctioning Only
      2. By Application
         1. Industrial
         2. Municipal
         3. Excavation
         4. General Cleaning
         5. Others
      3. By Fuel Type
         1. Electric
         2. ICE
      4. By Country
         1. US
            1. By Product Type
            2. By Application
            3. By Fuel Type
         2. Canada
            1. By Product Type
            2. By Application
            3. By Fuel Type
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. North America Vacuum Truck Company Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
6. Impact of Covid-19 on North America Vacuum Truck Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. Federal Signal
   2. Vac-Con
   3. Kirkland & Ellis
   4.  GapVax
   5.  Cappellotto
   6. Keith Huber
   7. Sewer Equipment
   8. Vacall Industries
   9. KOKS
   10. Fulongma group
   11. Ledwell
   12. Dongzheng
   13. Vactor Inc
   14. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Country
   5. Assumption & Limitation

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        North America Vacuum Truck Market Segmentation

Figure 2        North America Vacuum Truck Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        North America Vacuum Truck Size, By Value (USD Billion), 2018–2028

Figure 5        North America Vacuum Truck Share, By Product Type, By Value, 2018–2028

Figure 7        North America Vacuum Truck Share, By Application, By Value, 2018–2028

Figure 8        North America Vacuum Truck Share, By Fuel Type, By Value, 2018–2028

Figure 9        North America Vacuum Truck Share, By Country, By Value, 2018–2028

Figure 10       US Vacuum Truck Size, By Value (USD Billion), 2018–2028

Figure 11       US Vacuum Truck Share, By Product Type, By Value, 2018–2028

Figure 12       US Vacuum Truck Share, By Application, By Value, 2018–2028

Figure 13       US Vacuum Truck Share, By Fuel Type, By Value, 2018–2028

Figure 14       Canada Vacuum Truck Size, By Value (USD Billion), 2018–2028

Figure 15       Canada Vacuum Truck Share, By Product Type, By Value, 2018–2028

Figure 16       Canada Vacuum Truck Share, By Application, By Value, 2018–2028

Figure 17       Canada Vacuum Truck Share, By Fuel Type, By Value, 2018–2028

List of Tables

Table 1         North America Vacuum Truck Size, By Product Type, By Value, 2018–2028

Table 2         North America Vacuum Truck Size, By Application, By Value, 2018–2028

Table 3         North America Vacuum Truck Size, By Fuel Type, By Value, 2018–2028

Table 4         North America Vacuum Truck Size, By Country, By Value, 2018–2028

Table 5         US Vacuum Truck Size, By Product Type, By Value, 2018–2028

Table 6         US Vacuum Truck Size, By Application, By Value, 2018–2028

Table 7         US Vacuum Truck Size, By Fuel Type, By Value, 2018–2028

Table 8         Canada Vacuum Truck Size, By Product Type, By Value, 2018–2028

Table 9         Canada Vacuum Truck Size, By Application, By Value, 2018–2028

Table 10        Canada Vacuum Truck Size, By Fuel Type, By Value, 2018–2028

Table 11        Federal Signal Company Overview

Table 12        Federal Signal Financial Overview

Table 13        Vac-Con Company Overview

Table 14        Vac-Con Financial Overview

Table 15        Kirkland & Ellis Company Overview

Table 16        Kirkland & Ellis Financial Overview

Table 17        GapVax Company Overview

Table 18        GapVax Financial Overview

Table 19        Cappellotto Company Overview

Table 20        Cappellotto Financial Overview

Table 21        Keith Huber Company Overview

Table 22        Keith Huber Financial Overview

Table 23        Sewer Equipment Company Overview

Table 24        Sewer Equipment Financial Overview

Table 25        Vacall Industries Company Overview

Table 26        Vacall Industries Financial Overview

Table 27        KOKS Company Overview

Table 28        KOKS Financial Overview

Table 29        Fulongma group Company Overview

Table 30        Fulongma group Financial Overview

Table 31        Ledwell Company Overview

Table 32        Ledwell Financial Overview

Table 33        Dongzheng Company Overview

Table 34        Dongzheng Financial Overview

Table 35        Vactor Inc Company Overview

Table 36        Vactor Inc Financial Overview