Published Date: 2018-03-20
The global vacuum truck market was 13123 units and worth $1111.25 million in 2016 and is expected to reach 16185 units in 2022, growing at a CAGR of 3.56% from 2016 to 2022.
The global vacuum truck industry mainly concentrates in North America and Europe in terms of market value. The global leading player in this market is Federal Signal, whose revenue is $ 142.10 million in 2016, accounts for 12.79% of total revenue market.
The vacuum truck is mainly used in industrial, excavation and municipal field. The application market share of industrial and excavation is up to 63% in 2016and it is forecasted that share will be 64% in 2022 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.
The Global Vacuum Truck Market Professional Survey Report 2017 report released by QYResearch provides a basic overview of the Vacuum Truck industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in China, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Vacuum Truck industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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