In the world economic growth, the Fire Truck industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Fire Truck market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Fire Truck market size will be further expanded, we expect that by 2024, The market size of the Fire Truck will reach XXX million $.
A fire truck or fire engine is a vehicle designed for firefighting operations. The primary function of fire trucks is to transport firefighters to an accident scene to extinguish the fire, either with water or some chemical composition. Moreover, fire trucks are deployed for medical and emergency services or rescue operations. Although fire trucks and fire engines are interchangeable terms, some fire departments prefer to separate them and consider them as specific types of vehicles. The global fire truck market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global fire truck market is expected to witness significant growth during the forecast period, owing to rising demand for enhanced safety.
Market Drivers
Rising incidences of fire breakouts are expected to drive growth of the global fire truck market during the forecast period. Fire breakouts are major concerns among developed countries. According to the U.S. Fire Administration (USFA), in 2018, around 1,318,500 incidents of fire accidents were reported, which caused deaths of 3,655 individuals. According to the same source, those fire breakouts accounted for a loss of US$ 25.6 billion, up by 90.6% from 2009. Thus, these factors are expected to drive growth of the market during the forecast period. Furthermore, increasing demand for enhanced fire safety and need for advanced firefighting equipment is expected to propel the global fire truck market growth over the forecast period.
Market Restraint
High initial investment and operational costs are expected to hinder the global fire trucks market growth during the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global fire truck market during the forecast period. This is owing to increasing demand for advanced safety firefighting apparatus in the region. Furthermore, Asia Pacific is expected to register a lucrative growth rate over the forecast period, owing to presence of low-cost equipment manufacturers in the region.
Competitive Section
Key players operating in the global fire trucks market are REV Group, YQ AULD LANG REAL, Gimaex, Rosenbauer, Oshkosh, MORITA, Tianhe, Magirus, CFE, Jieda Fire-protection, Zhongzhuo, Ziegler, and Bronto Skylift.
Key players in the market are focused on contracts and agreements, in order to gain a competitive advantage in the market. For instance, in February 2020, Rosenbauer Group received the agreement from the Los Angeles Fire Department (LAFD) for its Concept Fire Truck (CFT). The electric fire trucks will be delivered by the end of 2020.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
Rosenbauer
Oshkosh
MORITA
Magirus
REV Group
Ziegler
Gimaex
Bronto Skylift
Zhongzhuo
CFE
Tianhe
YQ AULD LANG REAL
Jieda Fire-protection
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Fire fighting vehicle
Elevating fire truck
Special fire truck
Industry Segmentation
Municipal fire
Industrial fire
ARFF
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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