Fire Truck Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[192+ Pages Report] According to the report published by Facts Factors, the global fire truck market size was worth around USD 5.5 billion in 2019 and is predicted to grow to around USD 8.4 billion by 2026 with a compound annual growth rate (CAGR) of roughly 6.3% between 2020 and 2026. The report analyzes the global fire truck market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the fire truck market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the fire truck industry. The report analyzes and declares the historical and current trends analysis of the Fire truck industry and subsequently recommends the projected trends anticipated to be observed in the fire truck market during the upcoming years.

The fire truck market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire fire truck market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• As per our primary respondents, the global fire truck market is set to grow annually at a rate of around 6.3%
• It was established through primary research that the global fire truck market was valued at around USD 5.5 billion in 2019
• The increase in demand for fire safety among developed countries and the need for advanced firefighting equipment are expected to increase the growth of the market
• The “residential & commercial” category, on the basis of application segmentation, was the leading revenue-generating category in 2019
• The “enterprises & airports” category, on the basis of application segmentation, accounted for over 25% of the total market share in terms of revenue in 2019

Key Recommendations from Analysts

• The global fire trucks market is witnessing substantial forward thrust from the constant advances made in manufacturing technologies
• The growing number of fire hazards and the rising incidence of wildfire in forests in various parts of the world is favoring the growth of the market
• However, the global replacement rate of the aging fleet of fire trucks is relatively low, which has dampened the demand to an extent
• China is one of the largest markets, both in terms of production as well as consumption. The high production capacity and supply are driven by the considerably low costs of production.
• Developing interest in cutting-edge fire mechanical assemblies and apparatuses in developed nations such as France, UK, and the U.S, and other developing nations, is leading to the growing adoption of fire trucks in North American and European countries

Market Share in 2019 – By Application

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the fire truck industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the fire truck industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the fire truck market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the fire truck industry. The fire truck market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the fire truck sector. Key strategic developments in the fire truck market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the fire truck market are appropriately highlighted in the report.

Increasing global demand for safety is the main factor expected to drive the demand for fire trucks through the forecast span. The fire department constantly upgrades its fire trucks and firefighting equipment to maintain a constant pace with the technological developments and fire truck industry developments. Advances in infrastructure in developed countries have prompted administrative and regulatory bodies to introduce strict codes and standards to minimize infrastructural harm and unexpected losses, which is expected to be a driving factor for growing fire truck sales on the global marketplace.

With the technological advancements, producers and suppliers present in the fire truck industry value chain are introducing new innovation strategies to reap full benefits in the competitive universe. These manufacturers broaden their range of fire trucks to tackle the increasing challenges faced during firefighting and rescue events.

The fire truck market research report delivers an acute valuation and taxonomy of the fire truck industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the fire truck industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the fire truck industry is provided for the leading economies of the world.

The fire truck market is segmented based on type and application. On the basis of type segmentation, the market is classified into rescue trucks, tanker, pumper, and multi-tasking trucks. In terms of application segmentation, the market is bifurcated into residential & commercial, enterprises & airports, military, and others.

Some of the essential players operating in the fire truck market, but not restricted to include

•  Oshkosh Corporation
•  Magirus GmbH (CNH Industrial Group)
•  Gimaex GmbH
•  E-ONE
•  Spartan Motors Inc.
•  Zoomlion
•  Emergency One Inc.
•  Xuzhou Handler Special Vehicle Co. Ltd.
•  W.S. Darley & Co.
•  Albert Ziegler GmbH
•  Rosenbauer International AG
•  Morita Holdings Corporation
•  HME Incorporated
•  Bronto Skylift Oy
•  Weihai Guangtai
•  Alexis Fire Equipment Co.
•  Danko Emergency Equipment Co.

The taxonomy of the fire truck industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Rescue Trucks
• Tanker
• Pumper
• Multi-Tasking Trucks

By Application Segmentation Analysis

• Residential & Commercial
• Enterprises & Airports
• Military
• Others

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa