Fire Truck Market - Segmentation by Type, Application, and by Geography - Growth, Trends, and Forecast (2019 - 2024)

Fire Truck Market - Segmentation by Type, Application, and by Geography - Growth, Trends, and Forecast (2019 - 2024)

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The global fire truck market is expected to witness high growth rate over the forecast period. Fire Truck also known as Fire Engines are designed for firefighting operations. Many fire and safety companies keep these trucks for different applications like rescue purposes and emergency medical purposes. Fire Engines transport firefighters to the sites, providing water and other essential equipment to fight the fire. Increasing infrastructure in the emerging countries which includes India, China, South Korea coupled with increasing awareness regarding fire safety is expected to fuel the demand for fire trucks over the forecast period. The demand in airports and corporates for fire apparatus and rise in governmental regulations towards ensuring fire safety compliance is anticipated to be a contributing factor for market growth across the world. 

Factors which are expected to affect the Demand of Fire Trucks 

The demand of fire trucks is a growing owing to acceptance of updated and advanced technology, product innovation, and use of latest digital tools and modern electronics which will help to increase the efficiency, capability, and quality of the fire truck. The government is rising the municipal budgets which aids in the development of the fire and safety departments are also fuelling the growth of the fire trucks market. The major factor which is hampering the growth of the market is the low rate of replacements. Though the fleets are aging, the fire trucks are not being replaced easily. This may restrict the growth of fire trucks market. 

Geographical Analysis of Fire Truck Market

Over the last decade, the emerging countries like China, India and South Korea have witnessed a stable growth in the infrastructure coupled with raising awareness about safety. The rise in awareness about safety is expected to boost the demand for fire trucks over the forecast period. The stringent governmental regulations regarding the market is also a positive factor for the growth of global fire trucks market. The high production capacity in China coupled with lower labour charge contribute to the expansion of fire trucks market in the country. Additionally, the technological advancements and growing application in the manufacturing sector fuel the fire trucks market growth. In North America, stringent regulations and a large number of fire stations are the major growth factors driving the market. The Middle East & Africa, fire trucks market, is anticipated to witness significant growth over the forecast period owing to the product innovation coupled with technological advancements in the region.

Key Developments in the Market

  • May 2018: REV Group has launched new AXIS Smart Truck Technology, a secure revolutionary system that is engineered specifically for the fire service. This intelligent truck platform is for all E-ONE, Ferrara, and KME branded vehicles.
  • March 2018: The City of Benton Harbor is getting USD 8 million from the state of Michigan’s Financially Distressed Cities, Villages and Townships Grant Program along with this money they are also getting new fire truck and a water meter replacement program.

Major Players: Rosenbauer International AG, Magirus GmbH, Spartan Motors, Inc., Albert Ziegler GmbH, Emergency One, Inc. amongst others.

Reasons to Purchase this Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The vehicle type that is expected to dominate the market
  • The countries that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in Excel)

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1. INTRODUCTION

1.1 Scope of the Market

1.2 Executive Summary

2. RESEARCH METHODOLOGY

2.1 Study Deliverables

2.2 Study Assumptions

2.3 Research Methodology

3. MARKET OVERVIEW

3.1 Current Market Scenario

3.2 Technology Trends

3.3 Industry Attractiveness – Porter’s Five Forces Analysis

3.3.1 Bargaining Power of Suppliers

3.3.2 Bargaining Power of Buyers

3.3.3 Threat of New Entrants

3.3.4 Threat of Substitute Products and Services

3.3.5 Competitive Rivalry Within the Industry

4. MARKET DYNAMICS

4.1 Divers

4.1.1 Advancements in the Technologies

4.1.2 Other Drivers

4.2 Restraints

4.2.1 Low Replacement of Aging fleet

4.2.2 Other Restraints

4.3 Opportunities

4.3.1 Growing Number of Fire Hazards

4.3.2 Other Opportunities

5. MARKET SEGMENTATION AND ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST)

5.1 By Type

5.1.1 Rescue

5.1.2 Mini Tanker

5.1.3 Other Pumpers

5.1.3.1  Mini Pumpers

5.1.3.2 Multi- Tasking Trucks

5.2 By Application

5.2.1 Conventional

5.2.2 Wild land

5.2.3 Airport

5.2.4 Others

6. REGIONAL MARKET ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST)

6.1 North America

6.1.1 United States

6.1.2 Canada

6.1.3 Mexico

6.1.4 Rest of North America

6.2 Europe

6.2.1 Germany

6.2.2 United Kingdom

6.2.3 France

6.2.4 Italy

6.2.5 Russia

6.2.6 Rest of Europe

6.3 Asia-Pacific

6.3.1 China

6.3.2 India

6.3.3 Japan

6.3.5 South Korea

6.3.6 Australia

6.3.7 Rest of Asia-Pacific

6.4 South America

6.4.1 Brazil

6.4.2 Argentina

6.4.3 Rest of South America

6.5 Middle East and Africa

6.5.1 Saudi Arabia

6.5.2 UAE

6.5.3 South Africa

6.5.5 Rest of Middle East and Africa

7. COMPETITIVE LANDSCAPE

7.1 Introduction

7.2 Market Share Analysis

8. COMPANY PROFILES (OVERVIEW, FINANCIALS**, PRODUCTS & SERVICES, SWOT ANALYSIS, AND RECENT DEVELOPMENTS)

8.1 W.S. Darley & Co..

8.2 Oshkosh Corporation

8.3 Ziegler Firefighting

8.4 Magirus GmbH (CNH Industrial Group)

8.5 Rosenbauer International AG

8.6 Gimaex GmbH

8.7 Morita Holdings Corporation

8.8 E-one

8.9 HME Incorporated

8.10 Smeal Fire Apparatus

*List No Exhaustive

9. FUTURE OF THE MARKET

10. DISCLAIMER

** Subject to Availability on Public Domain

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