Fire Truck Market Report

Improvement in fire safety standards and high demand for latest firefighting equipment could be among key drivers of the global fire truck market. Besides developed countries, emerging economies have shown strong interest in fully-equipped, advanced fire trucks. Governments are observed to provide incentives and increase funding for fire and safety departments. This could encourage more growth in the global market. Manufacturers are foretold to concentrate on technological development and product innovation to cement a position of strength in the global market. They could also enter into strategic partnerships with other companies or government bodies to position themselves for cashing in on lucrative market opportunities. The nature of the competitive landscape could be concentrated with top five players accounting for a sizable market share.

Analysts at QYR Consulting anticipate the global fire truck market to attain a value of US$xx Mn by the end of 2025, registering a CAGR of xx% during the forecast period 2019-2025. In 2018, the global market value was US$xx Mn. The report offers exhaustive analysis of market dynamics, segments, regions, market players, and more.

Market Dynamics

Rising awareness regarding fire protection and safety is expected to positively influence the growth of the global fire truck market. With increasing infrastructure expansion and development, the need for safety of people and surroundings is deepened even more. Fire accidents are common in the industrial and residential sectors. All of these factors are anticipated to push the demand for fire truck in the coming years. High use of fire truck in firefighting and applicable quick response and rescue operations is prophesied to significantly contribute to the global market growth. Implementation of strict government regulations related to fire safety compliance could be another factor working in the favor of the global market.

Market Segments

On the basis of product type, the global fire truck market is segmented into special fire truck, elevating fire truck, and firefighting vehicle. By application, the global market is segmented into aircraft rescue and firefighting, industrial fire, and municipal fire.

By Region

Key Players

The global fire truck market marks the presence of leading players such as Rosenbauer, Jieda Fire Protection, Oshkosh, YQ AULD LANG REAL, MORITA, Tianhe, Magirus, REV Group, CFE, Ziegler, Zhongzhuo, Gimaex, and Bronto Skylift.

The automotive industry has undergone myriad changes over the past century. It has stirred a revolution, setting in motion trends that have completely transformed the transportation industry. Digitalization has drastically helped business models evolve by leaps and bounds. Major developments in the emerging economies have provided the automotive and transportation industry is a massive boost in recent years.

Increasing investments in automobile manufacturing, especially in the developing countries, strengthening trade and business opportunities, and growing e-commerce has all made its contribution towards shaping the automotive and transportation industry. Our reports take a detailed look at the various factors driving this industry and assess the lucrative opportunities for the players in the near future. The reports discuss the future of artificial intelligence, Internet of Things, vehicle-to-vehicle communication, and autonomous vehicles with utmost objectivity. The next-generation technological advancements and changing outlooks of the players have been studied with unbiased scrutiny for a clear picture of the trajectory of the industry.