Vacuum Truck Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™
VacuumTruck Market will exhibit a CAGR of 11.2% during the forecast period, and USD5,382.8 million by 2027, and the Market value as per 2019 was USD 2,303.7million.
FortuneBusiness Insights™ in a new report, titled, “Vacuum Truck MarketSize, Share & Industry Analysis, By Product Type (LiquidSuctioning Only and Liquid and Dry Suctioning), By Application Type(Industrial, Excavation, Municipal, Sweeper Truck, and Others), By End User(Hospitals, Clinics, Homecare Settings, and Others), and Regional Forecast,2020-2027.”
Vacuum Truck Market Drivers and Restraint:
Necessity for Vacuum Trucks in Industrial Applications to AugmentGrowth
Thegrowing requirement for industrial vacuum trucks or vacuum loaders that contain,recover, and carry slurries, liquids, solids, dry bulk powders, and thick mudfrom hard-to-reach areas will spur demand for these trucks in industries. Therising application of trucks in cleaning and sanitization will create lucrativebusiness opportunities for the market. For instance, trucks are designed andcustomized to carry dry waste or wet industrial liquid sludge or slurry totreatment plants. The off-loading solutions offered by the trucks can ensureswift operation in cleaning applications.
Break on Production to Impede Business Development in COVID
Theautomotive sector is witnessing enormous loss due to the restriction imposed bythe government during the pandemic. The decline in demand and supply isexpected to limit the expansion of the vacuum truck market. The halt onproduction plants in various countries can further restrict the growth of themarket. Similarly, due to lockdown, the showrooms are shut leading to lowfootfalls, thus aggravating the situation of the market during the COVID-19pandemic.
List of Key Players Covered in the Vacuum Truck Market Report:
- Federal Signal (Illinois, United States)
- Vac-Con (United States)
- Keith Huber (United States)
- Sewer Equipment (Illinois, United States)
- Vacall Industries (United States)
- KOKS (Netherlands)
- Dongzheng (China)
- Other Players
To gain more insights into the market with a detailed table ofcontent and figures, Click Here: https://www.fortunebusinessinsights.com/vacuum-truck-market-103435
Some of the key industry developments in the VacuumTruck Market Include:
June 30, 2020: KOKS, a major manufacturer ofvacuum trucks and heavy industrial cleaning equipment unveiled a range ofhigh-pressure units. The wide-ranging hot water units can operate a pressure of15 to 1,000 bar
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