Global Fire Truck Market Is Driven By Growing Safety Concerns And Stringent Government Regulationsdate_range
Fire truck is a vehicle commonly used for firefighting operations. The key purpose of a fire truck is providing water to extinguish the fire and some other tools such as ventilating equipment, ladders, self-contained breathing apparatus, first aid kits, and hydraulic rescue tools to extinguish the fire. Also, modern fire trucks are installed with communication equipment such as visual and audible warnings, thermal imaging cameras, and two-way radio.
The market of fire trucks is globally segregated into types, application, and region. On the basis of its types, the market is categorized into the fire fighting vehicle, special fire truck, and elevating fire truck. Furthermore, among the application segments, fire trucks are classified into the industrial fire, municipal fire, and others. Among regions, the market is divided into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa.
The global fire trucks market is a growing tremendously, owing to increasing acceptance of advanced technology, use of advanced digital tools, along with product innovation, which is likely to enhance the quality, efficiency, and capability of the fire truck. Moreover, heavy investments from governments for development in fire and safety department as well as ensuring fire safety compliance are some factors fuelling growth of the fire trucks market. Furthermore, industrialization and economic growth is also improving gradually. It is creating a positive impact on growth of the the market across the globe. In addition, a growing number of fire hazards and the rising incidence of fire in forests are some factors favoring growth of the target market. Whereas, the low rate of replacements of the aging fleet may hamper growth of the target market.
The latest trend observed in the target market is manufacturers are focusing on innovations regard to communication equipment and warning system. Moreover, the growing application of Aircraft Rescue Fire Fighting (ARFF) vehicles for rescue operations and airport safety is expected to drive demand for fire apparatus and safety equipment.
$ 4,888.2 Mn
- By Type
- By Region
- By Application
$ 9,911.9 Mn
Increasing fire incidences in North America is the major driving factor for the increasing demand for fire trucks. As per document published by the National Fire Protection Association (NFPA), around 475,500 structure fires in the US, in which 2,950 civilians died in 2016. In addition, the high production capacity of fire trucks, stringent regulations regarding fire safety, the presence of a large number of fire stations are some factors creating demand for fire trucks.
High production and usage capacity along with easy availability and cheap labor are driving forces for rising demand and supply of fire trucks in the Asia Pacific. New product introductions coupled with technological advancements in the industry, giving a new way for growth of the target market in the region.
Major players profiled in the report include Magirus, Rosenbauer, E-ONE, MORITA, Ziegler, Gimaex, KME, Darley, Oshkosh, Bronto Skylift, Zhongzhuo, YQ AULD LANG REAL, CFE, Tianhe, Jieda Fire-protection, and Ferrara Fire