Market Size of Australia Fire Truck Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 158.40 Million |
Market Size (2029) | USD 220.30 Million |
CAGR (2024 - 2029) | 4.81 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Australia Fire Truck Market Analysis
The Australia Fire Truck Market size is estimated at USD 158.40 million in 2024, and is expected to reach USD 220.30 million by 2029, growing at a CAGR of 4.81% during the forecast period (2024-2029).
Over the long term, the devastating impact of climate change on Australia's Victorian area and the New South Wales region, which has led to multiple bushfires, is expected to impact the increasing deployment of advanced fire trucks to control the situation effectively. Municipalities and fire rescue service organizations are planning to expand their fire truck fleet size to combat any catastrophic incidents arising from the spread of fire.
- Between May 8, 2023, and May 6, 2024, around 166,559 VIIRS (visible infrared imaging radiometer suite) high-confidence fire alerts were reported in Australia. Furthermore, 14,005 VIIRS fires were reported between January 2024 and May 2024, considering high confidence alerts.
Bushfires are a regular occurrence in the county, massively impacting people's livelihoods and posing a severe threat to the environment. In recent years, they have also significantly impacted the country's economy. The 2019-2020 Australia Bushfire, commonly called the Black Summer, had one of the most devastating impacts on the environment and citizens.
- According to the World Wildlife Fund, in the 2019-2020 Australian Bushfire incident, around 12.6 million hectares of primary forests and woodlands were burnt due to the ongoing fire. Around 3 billion animals were heavily impacted by the bushfires.
The stringent government regulations for fire safety standards in business establishments, airports, residential complexes, etc., are expected to drive the fire truck market during the forecast period. Due to strict fire safety standards, airport authorities are likely to prefer deploying advanced fire trucks to avoid delays in combating catastrophic situations. Moreover, fire rescue teams are anticipated to actively focus on enhancing the safety standards of their fleet by incorporating technologies such as turnover protection systems in the truck cabins. Therefore, with increasing investment in upgrading the existing fleet and stringent government regulations implemented to enhance the efficiency of firefighting equipment, Australia is projected to witness a massive demand for fire trucks in the coming years.
Australia Fire Truck Industry Segmentation
A fire truck refers to specially designed trucks that act as firefighting equipment. The fire truck market consists of a wide range of companies involved in designing, manufacturing, and selling fire trucks to end-users.
The Australian fire truck market is segmented by type, application, and propulsion. By type, the market is segmented into rescue trucks, tankers, pumpers, multi-tasking trucks, aerial trucks, and others (airport crash trucks and others). By application, the market is segmented into local agencies and government authorities, residential and commercial, airport, military, and others (including industrial and others). By propulsion, the market is segmented into internal combustion engine (ICE) and electric. The report offers market size and forecasts in value (USD) and volume (units) for all the above segments.
By Type | |
Rescue Trucks | |
Tankers | |
Pumpers | |
Multi-Tasking Trucks | |
Aerial Trucks | |
Others (Airport Crash Trucks and Others) |
By Application | |
Local Agencies and Government Authorities | |
Residential and Commercial | |
Airport | |
Military | |
Others (Industrial and Others) |
By Propulsion | |
Internal Combustion Engine (ICE) | |
Electric |
Australia Fire Truck Market Size Summary
The Australian fire truck market is poised for significant growth over the forecast period, driven by the increasing frequency and intensity of bushfires, particularly in regions like Victoria and New South Wales. The devastating impact of climate change has necessitated the deployment of advanced fire trucks to effectively manage and control these incidents. Municipalities and fire rescue organizations are expanding their fleets to prepare for potential catastrophic events, which is expected to boost market demand. Stringent government regulations regarding fire safety standards in various sectors, including airports and residential complexes, are further propelling the market. These regulations encourage the adoption of modern fire trucks equipped with advanced safety technologies, such as turnover protection systems, to enhance firefighting efficiency and crew safety.
The market is also witnessing a growing interest in electric fire trucks, driven by environmental concerns and government initiatives aimed at reducing carbon emissions. Although the adoption of electric fire trucks is currently limited, efforts are underway to increase their presence, with manufacturers focusing on integrating advanced battery technologies and firefighting apparatus. The competitive landscape is characterized by a few dominant players, such as W.A. Fire Appliances and Varley Group, who are actively expanding their presence through partnerships and product innovations. Recent developments, such as the introduction of turnover protection systems and the launch of electric fire trucks, highlight the ongoing advancements in the market. As local agencies and authorities prioritize fleet upgrades and sustainability, the demand for fire trucks, particularly electric models, is expected to rise, offering growth opportunities for market participants.
Australia Fire Truck Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Strict Government Regulations to Adopt Fire Safety Standards
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1.2 Market Restraints
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1.2.1 High Purchase and Maintenance Costs
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in Value - USD and Volume - Units)
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2.1 By Type
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2.1.1 Rescue Trucks
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2.1.2 Tankers
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2.1.3 Pumpers
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2.1.4 Multi-Tasking Trucks
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2.1.5 Aerial Trucks
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2.1.6 Others (Airport Crash Trucks and Others)
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2.2 By Application
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2.2.1 Local Agencies and Government Authorities
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2.2.2 Residential and Commercial
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2.2.3 Airport
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2.2.4 Military
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2.2.5 Others (Industrial and Others)
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2.3 By Propulsion
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2.3.1 Internal Combustion Engine (ICE)
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2.3.2 Electric
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Australia Fire Truck Market Size FAQs
How big is the Australia Fire Truck Market?
The Australia Fire Truck Market size is expected to reach USD 158.40 million in 2024 and grow at a CAGR of 4.81% to reach USD 220.30 million by 2029.
What is the current Australia Fire Truck Market size?
In 2024, the Australia Fire Truck Market size is expected to reach USD 158.40 million.