Fire Trucks Market – Growth, Trends, COVID-19 Impact and Forecasts (2022-2029)

Fire Trucks Market has valued at US$ 5.54 Bn. in 2021. The global Fire Trucks Market size is estimated to grow at a CAGR of 3.6% over the forecast period.
Fire Trucks Market Overview:
The report explores the Fire Trucks segments (Type, Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Fire Trucks drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Fire Trucks contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report

2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2021 is a year of exception and analysis, especially with the impact of lockdown by region.
Fire Trucks Market Dynamics:
The growth of Fire Trucks  may be related to factors such as increased vehicle production in the Asia Pacific and North America, which has resulted in a considerable increase in demand for fire trucks. Also, increasing infrastructure operations will push the adoption of modern fire truck technology over traditional fire trucks, leading to an increase in global demand for these vehicles.

Field surveys are improving the quality and teamwork in the built environment, and the global fire trucks  sees an opportunity for fire vehicles with advanced digital technology tools for supporting performance-based design. Acceptance of new and advanced technologies is a major driver of the fire truck market's expansion.

A new trend in the fire truck market is the growing desire for multi-tasking units. The increasing number of fire dangers and the increased incidence of wildfire in forests in various parts of the world are boosting the market's growth. Over the forecast period, demand is expected to be aided by rising safety requirements around the world. The market's growth is hampered by a low replacement rate. Despite the fact that the vehicles are aging, the fire trucks are not being replaced in a timely manner. This might hamper the demand for fire trucks.

But, a few businesses, like Gimaex International and Albert Ziegler GmbH, buy trucks rather than wheels from well-known truck manufacturers like MAN and Scania, install the components and fire equipment, and then sell them to fire departments.

Over the forecast period, demand for fire vehicles is predicted to increase due to growing infrastructure in developing countries such as China, India, and South Korea, as well as increased knowledge about fire safety. Demand for fire equipment in businesses and airports, as well as increased government regulations aimed at maintaining fire safety compliance, are projected to drive market growth across the globe.
Fire Trucks Market Trends:
The growing acceptance of new and advanced technology, product innovation, and the use of advanced digital tools and modern electronics, the fire truck market is developing. This will help to improve the efficiency, quality, and capabilities of the fire truck. The market for fire vehicles is growing due to the increasing availability of municipal budgets from governments, which supports in the growth of fire and safety agencies. The financial state of the economies is gradually improving as well. It will have a favorable effect on market growth all over the world. However, a low rate of replacements may have a negative impact on the growth of the fire truck market.
Fire Trucks Market Segment Analysis:
Based on Type, the fire truck market is segmented into Tankers, Pumpers, Aerial Platforms, Rescue, and Others. The tanker segment is expected to grow at a CAGR of 2.9% in terms of value. Tanker demand has risen in recent years as a result of reasons such as population growth, increased building and construction activities, and governments enforcing strict fire safety regulations, and this trend is expected to continue in the next years.

Over the forecast period, increasing tanker production and sales will continue to provide demand for fire truck sales.
Fire Trucks Market Regional Insights:
The market for fire trucks is dominated by the North America region with 42% in 2021. This growth is attributed to increased public awareness of safety, consistent infrastructural growth, and rapid development in region. Increasing government investments in technologically advanced fire trucks are providing robust scope for the regional market growth. The rising incidence of deadly fire incidents in the region is prompting government agencies and fire departments to replace their fire vehicle fleets on a regular basis, influencing market figures significantly. To improve their effectiveness, municipal and state fire services are investing in contemporary fireman trucks with versatile equipment. For example, the Los Angeles Fire Department (LAFD) ordered a new hybrid-electric fire truck from Rosenbauer Group in February 2021. Remote vehicle diagnostics and Wi-Fi connected aerial drones are among the elements included into the truck, which aid in the monitoring of the environment.

The Asia Pacific region is expected to witness significant growth at a CAGR of 3% through the forecast period. The existence of low labor costs and high production capacity in Asia Pacific region contributes to the growth of the fire truck industry. The growth in the Asia Pacific is also affected by rising demand for fire trucks in airports and other businesses to maintain public safety, with government rules supporting this demand.

The objective of the report is to present a comprehensive analysis of the Fire Trucks  to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Fire Trucks  dynamic, and structure by analyzing the market segments and projecting the Fire Truck Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Fire Trucks make the report investor’s guide.
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Fire Trucks Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US$ 5.54 Bn.


Forecast Period 2022 to 2029 CAGR:
3.6%
Market Size in 2029:
US$ 7.35Bn.


 Segments Covered:
by Type
• Tankers
• Pumpers
• Aerial Platforms
• Rescue
• Others


by Application
• Residential & Commercial
• Military
• Enterprises & Airports
• Others



Fire Trucks Market By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Fire Trucks Market Key Players
• Rev Group, Inc.
• W.S. Darley & Co.
• KME
• Spartan Motors
• E- one
• Smeal Fire Apparatus
• ZoomLion
• Pierce Manufacturing, Inc.
• HME Incorporated
• Albert Ziegler GmbH
• Boise Mobile Equipment
• Bronto Skylift
• Morita Holdings Corporation
• Alexis Fire Equipment Co.
• Ziegler Firefighting
• Danko Emergency Equipment Co.
• Weihai Guangtai

Frequently Asked Questions:

1. Which region has the largest share in Global Fire Trucks Market?
Ans: Asia Pacific region held the highest share in 2021.

2. What is the growth rate of Global Fire Trucks Market?
Ans: The Global Fire Trucks Market is growing at a CAGR of 3.6% during forecasting period 2022-2029.

3. What is scope of the Global Fire Trucks market report?
Ans: Global Fire Trucks Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Fire Trucks market?
Ans: The important key players in the Global Fire Trucks Market are – Rev Group, Inc., W.S. Darley & Co., KME, Spartan Motors, E- one, Smeal Fire Apparatus, ZoomLion, Pierce Manufacturing, Inc., HME Incorporated, Albert Ziegler GmbH, Boise Mobile Equipment, Bronto Skylift, Morita Holdings Corporation, Alexis Fire Equipment Co., Ziegler Firefighting, Danko Emergency Equipment Co., and Weihai Guangtai

5. What is the study period of this market?
Ans: The Global Fire Trucks Market is studied from 2021 to 2029.