Market Size of Europe Fire Truck Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 34.26 Billion |
| Market Size (2029) | USD 38.50 Billion |
| CAGR (2024 - 2029) | 2.36 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Fire Truck Market Analysis
The Europe Fire Truck Market size is estimated at USD 34.26 billion in 2024, and is expected to reach USD 38.5 billion by 2029, growing at a CAGR of 2.36% during the forecast period (2024-2029).
The impact of the COVID-19 pandemic on the Europe Fire Truck Market is inevitable, as it affected almost every other industry in the market. Manufacturing units have been shut down due to the continuous lockdowns, with social distancing norms to follow and limited staff available to run production lines with all safety measures, owing to the slowdown of the electric vehicle market in the region.
Over the long term, The market is primarily driven by the factors such as strict government norms for pollution control, increasing awareness about the harmful effects of emissions from gasoline and diesel vehicles, and an increase in the adoption of electric vehicles.
Rising fire accidents and growing awareness of the hazardous effects of emissions are expected to drive the demand in the market. Moreover, evolving government fire safety regulations across all sectors to further enhance the growth of the market during the forecast period.
The evolution of electric trucks and growing interest in firefighting apparatuses and local assemblies across these countries are expected to create a positive outlook for the market.
Europe Fire Truck Industry Segmentation
A fire truck is a vehicle designed for firefighting operations. The main purpose of a fire truck includes transporting firefighters to an incident scene and providing water and other tools to extinguish the fire. The fire truck market report covers the latest trends, the COVID-19 impact, and the technological developments in the market.
The scope of the report covers segmentation based on type, application, and region.
By type, the market is segmented into types of rescue trucks, tanker, pumper, and multi-tasking trucks. By application type, the market is segmented into residential and commercial, enterprises and airports, and military. By geography, the market is segmented into Germany, the United Kingdom, France, Italy, Spain, and the rest of Europe. For each segment, the market sizing and forecast are based on value (USD billion).
| Type | |
| Rescue Trucks | |
| Tanker | |
| Pumper | |
| Multi-Tasking Trucks |
| Application | |
| Residential and Commercial | |
| Enterprises and Airports | |
| Military |
| Country | ||||||||
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Europe Fire Truck Market Size Summary
The Europe Fire Truck Market is poised for steady growth over the forecast period, driven by stringent government regulations on pollution control and a rising awareness of the environmental impact of traditional gasoline and diesel vehicles. The market is experiencing a shift towards electric vehicles, spurred by increasing fire incidents and evolving fire safety regulations across various sectors. This transition is further supported by infrastructural developments and a surge in construction activities, which have led to stricter fire safety codes. The demand for fire trucks is expected to rise in residential, commercial, and industrial applications, as governments enforce these regulations to mitigate risks associated with fire hazards.
The competitive landscape of the Europe Fire Truck Market is characterized by the presence of established manufacturers and suppliers who are actively engaging in strategic partnerships and product innovations to enhance their market position. Companies like Rosenbauer International AG, Magirus GmbH, and Volvo Penta are at the forefront, focusing on developing advanced firefighting apparatuses and electric drive trains. These innovations are aimed at meeting the growing demand for efficient and environmentally friendly fire trucks. The market's growth is further bolstered by the expansion of the aviation industry and the increasing number of commercial projects, which are expected to provide new opportunities for major players in the region.
Europe 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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1.2 Market Restraints
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1.3 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
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2.1 Type
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2.1.1 Rescue Trucks
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2.1.2 Tanker
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2.1.3 Pumper
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2.1.4 Multi-Tasking Trucks
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2.2 Application
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2.2.1 Residential and Commercial
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2.2.2 Enterprises and Airports
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2.2.3 Military
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2.3 Country
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2.3.1 Europe
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2.3.1.1 Germany
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2.3.1.2 United Kingdom
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2.3.1.3 France
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2.3.1.4 Russia
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2.3.1.5 Spain
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2.3.1.6 Rest of Europe
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Europe Fire Truck Market Size FAQs
How big is the Europe Fire Truck Market?
The Europe Fire Truck Market size is expected to reach USD 34.26 billion in 2024 and grow at a CAGR of 2.36% to reach USD 38.50 billion by 2029.
What is the current Europe Fire Truck Market size?
In 2024, the Europe Fire Truck Market size is expected to reach USD 34.26 billion.
