DUBLIN, Dec 1, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Vocational Truck/Body Industry in North America: Vacuum Bodies. Size, Trends, Growth, Outlook & Competitive Structure Underlying the Manufacture and Market for Vacuum Truck Bodies in North America" report to their offering.
This report covers six key types of bodies: hydro excavators, industrial vacuum loaders, portable restroom service units, combination sewer cleaners, coded vacuum tanks, and non-coded vacuum tanks/septic tanks. Septic/non-coded vacuum trucks make up the largest category in the vacuum truck body segment, and portable toilet service units comprise the second largest category. Taken together, the non-coded units make up almost half of vacuum truck/body production. The non-coded units are simple products in terms of design, technology and the manufacturing process. Manufacture of these units is regionalized and the segment has numerous small manufacturers serving local markets. These players cater to local end-use customers either directly or through dealers. The ten leading fabricators manufactured more than 50% of units in the total vacuum truck/body segment, with the leading player accounting for 15% of the market in units manufactured. Four of the top ten manufacturers exclusively fabricate the more sophisticated vacuum products: sewer cleaners, hydro excavators and vacuum loaders. Increased oil and gas drilling activity since 2010 resulted in a surge in demand for vacuum trucks, both coded and non-coded, as well as hydro excavators and to some extent, vacuum loaders. However, demand for these vacuum truck bodies has been subdued since mid-2014 due to the downturn in fracking activities, and is currently restricted primarily to replacements. The decline in oil/gas drilling applications has been offset to some extent by the improvement in construction activities and the general economy, resulting in healthy demand for sewer cleaners, septic tanks and portable restroom service units.