The Europe Vacuum Truck Market would witness market growth of 5.8% CAGR during the forecast period (2023-2030).
The widespread use of these trucks can help businesses increase their customer base, and the growing demand for labor-efficient vacuum trucks is essentially helping the market grow. Vacuum tankers are also being created and manufactured per client specifications owing to expanding collaborations between rental fleet operators and sellers of construction equipment.
Despite the difficulties currently facing the business, a recovery is anticipated, and stakeholders have high hopes for fresh investment opportunities that will help the sector grow. The municipal corporations of different cities rely heavily on vacuum vehicles or vacuum tankers to efficiently manage the cleanup. These trucks are most frequently used for septic and sewer system upkeep.
Additionally, they can be utilized in commercial and public settings to suction water as well as debris during drilling or hydro-excavation tasks. Industrial vacuum loaders, usually referred to as vacuum tankers, are frequently used all over the world to remove waste from troublesome locations. To handle the most difficult dry or wet industrial liquids sludge or slurry cleaning applications, these trucks are created and constructed with consumer feedback.
Approximately 9.5 million tons of textiles are utilized in Europe each year, with an extra 5.6 million tons possibly being discarded. The average amount of textile waste disposed of together with other municipal solid waste is 4 million tons. Furthermore, the EU produces nearly 30 million tons of plastic waste across practically all its economic sectors. Per EU inhabitants in 2020, 4.8 tonnes of total garbage were produced. Large country disparities in terms of absolute waste production per person and trash generation patterns are overlooked by this average. Gross domestic product (GDP), the most used metric for measuring the size of the economy, is thought to be the primary factor causing the trend in trash amounts. As a result, there is a greater need for vacuum trucks, which is driving market expansion.
The Germany market dominated the Europe Vacuum Truck Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $190.4 Million by 2030. The UK market is exhibiting a CAGR of 5% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6.6% during (2023 - 2030).
Based on Product Type, the market is segmented into Dry & Liquid Suctioning, Liquid Suctioning, Industrial, Municipal, Excavation, General Cleaning and Others. Based on Application, the market is segmented into Industrial, Municipal, Excavation, General Cleaning and Others. Based on Fuel Type, the market is segmented into ICE and Electric. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Vacuum Truck Market is Projected to reach USD 2.4 Billion by 2030, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cappellotto Spa, Alamo Group Inc. (Rivard), Vac-Con, Inc. (Holden Industries, Inc.), Kanematsu Engineering Co., Ltd., Federal Signal Corporation, KOKS Group BV, GapVax, Inc., FULONGMA Group Co., Ltd. and Keith Huber Corporation.
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