In 2022, the size of the global market for fire trucks was estimated to be $11.1 billion, and it is expected to reach $31.2 billion by the end of 2030, with a CAGR of roughly 6.7% between 2023 and 2030.
Fire Trucks Market: Overview
The vehicles that are specifically constructed for use in firefighting are known as fire engines and are referred to as fire trucks. In the event of a medical emergency and during rescue operations such as fire safety, they are also utilized. These trucks are helpful for transporting firemen to the scene of the incident, carrying water for use in extinguishing the fire and transporting a variety of instruments, such as ladders, ventilation equipment, hydraulic rescue tools, self-contained breathing apparatus, and first aid kits. These fire vehicles are outfitted to respond to a wide variety of emergencies and to assist in the process of rescuing people’s lives when they occur. It has been reported that product makers are expanding their fire truck product range in order to solve the mounting issues that come with conducting rescue and firefighting operations.
Fire Trucks Market: Growth Factors
Increasing product penetration in residential and commercial spaces to support the expansion of the global market between 2023 and 2030
The global market for fire trucks is expected to expand as a result of rising safety concerns as well as a notable rise in the number of incidents that are caused by fire. The expansion of the global market will be pushed forward by rising concerns about safety as well as the implementation of new policies for disaster management. In the years to come, there will be an increase in the need for fire trucks due to the significant rise in the number of commercial and residential construction projects. An increase in the proportion of cash allocated by key industry players towards the production of innovative fire truck fleets will drive trends in the global market. The size of the global market is expected to expand as a result of an increase in the number of new products that are developed as well as an increase in the production capacity of firms in order to produce more fleet trucks to meet the rising demand for these products. As an illustration, during the first half of the year 2022, Rosenbauer Group shipped a significant number of fire vehicle fleets to the town of Norwich, which is located in Germany.
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Fire Trucks Market: Segmentation
The global market for fire trucks may be broken down into three categories: product type, application, and area.
In terms of the many types of products that they manufacture, the aerial platforms, pumpers, tankers, rescue fire trucks, and other specialty truck segments make up the various sub-industries that make up the global fire trucks market. It would appear that the segment for rescue fire trucks, which was responsible for a significant portion of the market in 2022, is going to be the one to dominate the segmental surge during the predicted timespan. It’s possible that the segmented increase is due to the fact that rescue operations now use fire trucks that are outfitted with ground ladders, Hurst tools, rescue ropes, specialized saws, and harnesses.
Fire Trucks Market: Regional Insights
The market for fire trucks in Asia and the Pacific is expected to undergo significant growth between 2023 and 2030.
It is anticipated that the Asia-Pacific region will continue to maintain its regional market dominance over the subsequent years. In 2022, the Asia-Pacific region was responsible for about 40 percent of the total market share for fire trucks. It’s possible that the existence of low-cost product manufacturers in nations like China will be a driving force behind the expansion of the regional market in the years to come. In addition to this, the expanding use of products in both residential and commercial settings in countries such as India, China, and South Korea will multiply the size of the regional market. In addition to this, China is the world’s leader in the production of fire vehicles and the consumption of fire trucks. Its manufacture and delivery of fire trucks are affected by the low costs of production and raw materials, as well as by the robust and cost-efficient operations of its supply chain.
Fire Trucks Market: Competitive Space
The global fire trucks market profiles key players such as:
Precision Fire Apparatus
Steele Fire Apparatus
Danko Emergency Equipment Co.
Albert Ziegler GmbH
Rosenbauer International AG
BME Fire Trucks
Xuzhou Handler Special Vehicle Co. Ltd.
Keystone Fire Apparatus Inc.
Seagrave Fire Apparatus Inc.
Bronto Skylift Oy
Ferrara Fire Apparatus
Alexis Fire Equipment Co
W.S Darley & Co.
The global fire trucks market is segmented as follows:
By Product Type
Rescue Fire Trucks
Other Specialty Trucks
Enterprise & Airports
Residential & Commercial
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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