Global Fire Trucks Market was valued US$5.05 Bn in 2017 and is estimated to reach US$9.01 Bn by 2026 at a CAGR of about 7.64%.
The report segments of fire truck market based on type, application, and region. On the basis of type, the market is classified into Tankers, Pumpers, Aerial Platforms, Rescue, and Other. Based on application, the fire truck market is segmented into Residential & Commercial, Enterprises & Airports, Military, and Other. Region wise into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Global fire trucks market finds opportunity for fire trucks with advanced digital technology tools for supporting performance-based design, and field surveys are developing the quality and teamwork in the built environment. New and advanced technology acceptance is the key driver for the fire trucks market growth.
Fire Trucks Market
Growing demand for multi-tasking trucks is a new trend in the fire trucks market. The growing number of fire hazards and the rise in incidence of wildfire in forests in various parts of the world is favouring the growth of the market. Growing standards with respect to safety across the globe is anticipated to aid the demand over the forecast period. Low rate of replacements is a factor hindering the market growth. Though the fleets are ageing, the fire trucks are not being replaced smoothly. This may hamper the growth of fire trucks market.
Global Fire trucks market is segmented into type, application, and region. Based on Application, The residential & commercial application accounted for the largest market share and is anticipated to grow over the forecast on account of growing global population, which led to the requirement for construction of residential and commercial buildings. Enterprises & airports segment is the over 20% of the total share in terms of volume. However, the application segment is anticipated to gain share over the estimated period owing to the growing number of airports and air passenger traffic.
In terms of region, Asia Pacific holds the largest share in the fire trucks market. The high production capacity of fire trucks in the region, notably China, is fuelling the growth of the Asia Pacific market. The Middle East and Africa fire trucks market is anticipated to witness a significant growth over the forecast period.
Key Players Profiled and Analysed in the Report
W. S. Darley & Co., Spartan Motors, Boise Mobile Equipment, Alexis Fire Equipment Co., ZoomLion, Bronto Skylift, Xuzhou Handler Special Vehicle Co. Ltd., Danko Emergency Equipment Co., Magirus GmbH, Rosenbauer International AG, and Oshkosh Corporation.
Scope of the Global Fire Trucks Market
Global Fire Trucks Market by Type
• Aerial Platforms
Global Fire Trucks Market by Application
• Residential & Commercial
• Enterprises & Airports
Global Fire Trucks Market by Geography
• North America
• Middle East & Africa
• Latin America