Fact.MR has released the vacuum excavator market analysis which reveals that global demand will have year-on-year (YoY) growth of 8.5% in 2021, to reach a market valuation of US$ 725 Mn . Hydro vacuum excavators are estimated to showcase positive growth of 9% and reach a market valuation of around US$ 400 Mn in 2021, whereas air vacuum excavators are estimated to experience volume sales of 3,010 units in 2021.

Use of vacuum excavators for construction across the residential & commercial sectors, infrastructure construction, and application of vacuum excavators for roadwork are likely to augment demand over the medium- to long-term period. Also, swelling mining industry across the globe is expected to steer overall sales over the coming years.

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Among applications, the mining industry is projected to remain the dominant segment, accounting for nearly 40% of the total sales in 2021. Driven by the increasing mining activities to address the surging demand for metals, coal, and other minerals, the segment is estimated to grow at a CAGR of 6.2% through 2031.

“The focus on innovation is expected to remain high in the market. Some of the leading players are expected to offer innovative designs to cater to industry-specific requirements. Besides this, focus on expanding rental services will augment in the coming years,” says a Fact.MR analyst.

Key Takeaways from the Vacuum Excavator Market Study

• The market in the U.S. is forecast to grow at a CAGR of 6.1%, accounting for more than 80% of the sales in North America by the end of 2031.
• China is anticipated to emerge as a highly remunerative market in Asia Pacific, contributing a revenue share of around US$ 270 million through 2031.
• Construction application segment is projected to account for 37% of the sales, expand at a CAGR of 6.2% over the assessment period.
• Based on size, the heavy vacuum excavators are estimated to project the fastest growth, surging at 2X during the forecast period 2021-2031.
• In terms of capacity, the sales of 500-1500 CFM excavators are anticipated to rise at a CAGR of 6%, totaling a valuation of US$ 900 million by 2031.

Key Drivers

• Demand for rental vacuum excavators for new project start-ups and commercial pipe cleaning as a result of financial constraints among small and medium enterprises (SMEs).
• Increasing use of vacuum excavators for cleaning and collecting waste material for recycling and recovery applications is boosting application in the utility & municipal segment.

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Key Companies Profiled:

• Vermeer Vactor Manufacturing
• Vacall
• Ox Equipment
• Ditch Witch
• Ring-O-Matic
• Hitech Industrial Services
• Badger Daylighting
• SEWER EQUIPMENT
• Vac-Con

Main Segments Covered :

• By Type
  • Hydro Vacuum Excavators
  • Air Vacuum Excavators
• By Material Sucked
  • Liquid Suctioning Only
  • Dry Suctioning Only
  • Liquid and Dry Suctioning
• By Mounting
  • Trailer-mounted Vacuum Excavators
  • Truck-mounted Vacuum Excavators
• By Size
  • Mini/Compact Vacuum Excavators
  • Standard/ Full Size Vacuum Excavators
  • Heavy Vacuum Excavators

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Questionnaire answered in the report include:

• How the industry has grown?
• What is the present and future outlook on the basis of region?
• What are the challenges and opportunities?
• Why the consumption in region?
• In which year segment is expected to overtake segment?

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