Fire Truck Market Overview:
Fire truck is a vehicle equipped with firefighting apparatus such as pump, hoses, water tank, ground ladders, hand tools, self-contained breathing apparatuses, basic life support (BLS) equipment, specially designed for firefighting operations. Fire trucks are also known as fire engines in some territories. They are fitted with communication equipment that use mobile computer technology, visual and audible warnings, and two-way radios. These solutions help to enhance performance, capability, and safety of the fire truck. Fire Truck Market Size To Expand at a Notable CAGR Of 4.5% During 2019 – 2023.
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The prominent players in the global fire truck market include Rosenbauer International AG (Austria), Zoomlion Heavy Industry Science & Technology Co., Ltd., (China), Oshkosh Corporation (Japan), MORITA Holdings Corporation (Japan), W. S. Darley & Co. (USA), Alexis Fire Equipment Company (USA), ALBERT ZIEGLER GmbH (Germany), KME Corp. (USA), Spartan Motors (USA), and Magirus GmbH (Germany).
The major driving factors of this market are growing industrialization, rise in the number of commercial spaces in countries such as China, Germany, US, and Japan, increasing congestion and overcrowding, growing awareness regarding fire safety, and the rising government norms towards fire safety compliances. In addition, rising budgets for the development of fire and safety departments is also contributing to the growth of this market.
The lack of standard protocols for the development of fire truck, low rate of replacements of fire trucks, and the high initial cost of the truck are considered as the key restraining factors of this market. However, the growing product innovations, coupled with technological advancements in fire truck across the globe, increasing demand for electric firefighting truck, and improving economy are providing considerable new opportunities to the growth of this market.
The global fire truck market is segmented on the basis of type, application, and region.
On the basis of type, the market has been segmented in to rescue truck, tanker, pumper, and multi-tasking truck.
On the basis of aplication, the market has been segmented in to residential and non-residential.
Geographically, the global fire truck market has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. The North America region is estimated to hold the largest market share during the forecast period owing to advanced technology, stable economy, and presence of major key manufacturers across the region.
Furthermore, the rise in demand for safety features in vehicles and increasing investment by public and private players to develop the firefighting sector are contributing to the growth of the market in this region. Increasing population and growing awareness about the importance of fire-fighting apparatus are contributing for the growth of this market in Asia-Pacific region.
Table of Contents
1. Executive Summary
2. Scope of The Report
2.1. Market Definition
2.2. Scope of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat of New Entrants
3.1.2. Bargaining Power of Buyers
3.1.3. Threat of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power of Buyers
3.2. Value Chain/Supply Chain Analysis
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