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 |
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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.
