Fire Trucks Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Fire Trucks Market
The fire trucks market size was valued at USD 11.05 billion in 2023, and the market is now projected to grow from USD 11.42 billion in 2024 to USD 16.04 billion by 2032, exhibiting a CAGR of 4.3% during the forecast period of 2024-2032.
During the COVID-19 pandemic, the market experienced a slight decline due to disrupted global supply chains, causing delays in delivering critical components for fire vehicles, such as engines, pumps, and hoses. Consequently, this led to setbacks in the manufacturing and delivery of these trucks, impacting fire departments' ability to replace aging vehicles and maintain their fleets.
Airports are directed by severe safety regulations and standards, which comprise mandates for emergency response skills. To obey with these guidelines and confirm a safe operating environment for travelers, squad, and airport personnel, it is vital to have ample firefighting equipment, comprising specific airport fire trucks. These vehicles, known as Aircraft Rescue and Fire Fighting (ARFF) vehicles which are specifically designed for airport operations. ARFF vehicles are vital for responding to aircraft emergencies such as fires, crashes, and fuel leaks. As aircraft movements upsurge, so does the risk of accidents, which in turn increases the demand for ARFF vehicles. This keen awareness of public and infrastructure safety at airports is projected to motivate the fire trucks market growth.
The demand for electric fire trucks is growing as more fire departments target to lesser their carbon footprint and augment sustainability. With growing concerns about climate change and toxic waste, there is a worldwide push to decrease carbon emissions. Electric fire trucks provide a cleaner substitute to traditional diesel-powered vehicles by creating zero tailpipe emissions. Governments worldwide are executing severer vehicle discharges regulations to drop greenhouse gas emissions and progress air quality.
Comprehensive Analysis of Fire Trucks Market
The market can be segmented in various ways depending on the focus of study such as by type and by application. Based on the application, the market is segmented into residential and commercial, airports and enterprises, military, and others. By type, the market is segmented into aerials, pumpers, tankers, rescue, and others.
Asia Pacific region is leading the fire trucks market share due to the increasing demand for emergency services, comprising firefighting, which has augmented the need for these types of trucks in the region.
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and growing market share by merger, partnerships and others. These players include
REV GROUP (U.S.), Oshkosh Corporation (U.S.), MORITA HOLDINGS CORPORATION (Japan), Rosenbauer International AG. (Austria), Alexis Fire Equipment Company (U.S.), ANGLOCO LIMITED (U.K.), Scania (Sweden), Magirus gmbh (Germany), Zoomlion Heavy Industry Science & Technology Co., Ltd. (China), GIMAEX Fire Trucks (France), Acres Emergency Vehicles (Canada) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In June 2023, The ACT Emergency Services Agency (ESA) has improved its Fire and Rescue fleet with the addition of a cutting-edge plug-in hybrid electric heavy-duty fire truck. This state-of-the-art vehicle mainly functions on a fully electric drive system, setting a new standard for ecological emergency response vehicles.
Segmentation Table
TRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 4.3% from 2024 to 2032
Unit Value (USD Billion) and Volume (Units)
Segmentation By Product Type
Aerials
Pumpers
Tankers
Rescue
Others
By Application
Residential and Commercial
Airports and Enterprises
Military
Others
By Geography
North America (By Product Type, By Application)
- U.S. (By Product Type, By Application)
- Canada (By Product Type, By Application)
- Mexico (By Product Type, By Application)
Europe (By Product Type, By Application)
- U.K. (By Product Type, By Application)
- Germany (By Product Type, By Application)
- France (By Product Type, By Application)
- Italy (By Product Type, By Application)
- Rest of Europe (By Product Type, By Application)
Asia Pacific (By Product Type, By Application)
- China (By Product Type, By Application)
- India (By Product Type, By Application)
- Japan (By Product Type, By Application)
- South Korea (By Product Type, By Application)
- Rest of Asia Pacific (By Product Type, By Application)
Rest of World (By Product Type, By Application)
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