Fire Truck Market Report: Trends, Forecast and Competitive Analysis to 2030

Fire Truck Market Report: Trends, Forecast and Competitive Analysis to 2030

Fire Truck Trends and Forecast

The future of the global fire truck market looks promising with opportunities in the residential & commercial, airport, and military markets. The global fire truck market is expected to reach an estimated $7.8 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are increasing urbanization led to a growing concentration of people and property in densely populated areas, technological advancements in fire truck technology led to the development of more efficient and effective fire trucks, and rising industrialization.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Fire Truck by Segment

The study includes a forecast for the global fire truck by propulsion type, vehicle type, application, and region.

Fire Truck Market by Propulsion Type [Shipment Analysis by Value from 2018 to 2030]:

• Gasoline-Powered
• Diesel-Powered
• Electric-Powered

Fire Truck Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Pumpers
• Aerial Ladder Trucks
• Aerial Platform Trucks
• Rescue Trucks
• Others

Fire Truck Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Residential & Commercial
• Airport
• Military

Fire Truck Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Fire Truck Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fire truck companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fire truck companies profiled in this report include-

• Albert Ziegler
• Alexis Fire Equipment
• BME Fire Trucks
• GIMAEX
• HME
• Magirus
• Morita Holdings
• Oshkosh
• Rosenbauer
• The Shyft Group

Fire Truck Market Insights

Lucintel forecasts that pumper will remain the largest segment over the forecast period because it is extremely adaptable and capable of carrying out a variety of tasks, such as providing water and combating fires, as well as serving as rescue vehicles for emergency situations.

North America will remain the largest region over the forecast period due to higher demand coming from the market for residential and commercial applications,as well as, increasing need for sophisticated safety infrastructure in residences, business complexes, and organizations.

Features of the Global Fire Truck Market

Market Size Estimates: Fire truck market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Fire truck market size by propulsion type, vehicle type, application, and region in terms of value ($B).

Regional Analysis: Fire truck market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different propulsion type, vehicle type, application, and regions for the fire truck market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fire truck market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the fire truck market size?

Answer: The global fire truck market is expected to reach an estimated $7.8 billion by 2030.

Q2. What is the growth forecast for fire truck market?

Answer: The global fire truck market is expected to grow with a CAGR of 4.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the fire truck market?

Answer: The major drivers for this market are increasing urbanization led to a growing concentration of people and property in densely populated areas, technological advancements in fire truck technology led to the development of more efficient and effective fire trucks, and rising industrialization.

Q4. What are the major segments for fire truck market?

Answer: The future of the global fire truck market looks promising with opportunities in the residential & commercial, airport, and military markets.

Q5. Who are the key fire truck market companies?

Answer: Some of the key fire truck companies are as follows:

• Albert Ziegler
• Alexis Fire Equipment
• BME Fire Trucks
• GIMAEX
• HME
• Magirus
• Morita Holdings
• Oshkosh
• Rosenbauer
• The Shyft Group

Q6. Which fire truck market segment will be the largest in future?

Answer: Lucintel forecasts that pumper will remain the largest segment over the forecast period because it is extremely adaptable and capable of carrying out a variety of tasks, such as providing water and combating fires, as well as serving as rescue vehicles for emergency situations.

Q7. In fire truck market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to higher demand coming from the market for residential and commercial applications,as well as, increasing need for sophisticated safety infrastructure in residences, business complexes, and organizations.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the fire truck market by propulsion type (gasoline-powered, diesel-powered, and electric-powered), vehicle type (pumpers, aerial ladder trucks, aerial platform trucks, rescue trucks, and others), application (residential & commercial, airport, and military), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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