Global Fire Fighting Vehicle Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fire Fighting Vehicle Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Fire Fighting Vehicle equipped with a variety of fire equipment, firefighting apparatus, is a vehicle designed primarily for firefighting operations, also is the most basic mobile firefighting equipment.

A fire fighting vehicle is a vehicle designed for firefighting and other rescue operations. The primary function of a fire fighting vehicles includes transportation of firefighters to an incident scene to extinguish the fire with water or some chemical composition. Moreover, some fire fighting vehicles have specialized functions, such as wildfire suppression and aircraft rescue and firefighting, and may also carry equipment for technical rescue, such as a water & foam tank and a fire pump as per the requirements. In addition, many fire departments often employ their vehicles for various other uses including emergency medical services and rescue purposes.

Market Overview:

The latest research study on the global Fire Fighting Vehicle market finds that the global Fire Fighting Vehicle market reached a value of USD 4789.11 million in 2022. It’s expected that the market will achieve USD 6183.15 million by 2028, exhibiting a CAGR of 4.35% during the forecast period.

Assessment of the Overall Impact of COVID-19 on the Industry

In the specific environment based on the outbreak of COVID-19, the global economy has been significantly affected, resulting in challenges and opportunities for the development status of various industries. The report is based on the impact of COVID-19 and conducts research on the fire fighting vehicle industry from different perspectives such as macroeconomics, industrial chains, and regions.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease (COVID-19) are already starting to be felt, and will significantly affect the fire fighting vehicle market in 2020. COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. During the epidemic, the resumption of work, operations, revenue targets, and industry development of the fire fighting vehicle industry were all challenge.

The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the fire fighting vehicle market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

First of all, marketing channel sales will be affected differently, the COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some fire fighting vehicle enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

In addition, upstream and downstream interactions will lead to disruption of business. The epidemic will have a short-term impact on fire fighting vehicle industry, but it is relatively limited. The transportation of raw materials and products is restricted, resulting in an increase in product inventory and a decrease in equipment operating rate. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in fire fighting vehicle industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.

Moreover, the COVID-19 virus outbreak has affected the normal operation of the industry. The impact of COVID-19 on the fire fighting vehicle industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises. Although various industries around the world are gradually resuming work, production and demand will not pick up rapidly and substantially, and will require a certain recovery period.

Region Overview:

From 2022-2027, United States is estimated to witness robust growth prospects.

Company Overview:

Magirus is one of the major players operating in the Fire Fighting Vehicle market, holding a share of 25.09% in 2020.

Magirus AG designs and manufactures heavy commercial vehicles. The Company provides trucks, busses, fire-fighting vehicles, automatic turntable ladders and related services, spare parts, and components. Iveco- Magirus operates worldwide.

With more than 150 years of manufacturing experience, Rosenbauer is a global leader in firefighting technology and resources. Rosenbauer is the world's largest manufacturer of fire equipment with eleven manufacturing locations worldwide. Rosenbauer develops the latest technology and build the toughest vehicles.

Segmentation Overview:

As for product types, the Conventional Fire Fighting Vehicle segment held the largest market share in 2021.

Application Overview:

By application, the Municipal segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Fire Fighting Vehicle market covered in Chapter 3:

Oshkosh
Tianhe
REV Group
Gimaex
Ziegler
Rosenbauer
MORITA
JIEDA
Zhongzhuo
Magirus
Yongqiang Auld Lang Real

In Chapter 4 and Chapter 14.2, on the basis of types, the Fire Fighting Vehicle market from 2018 to 2029 is primarily split into:

Conventional Fire Fighting Vehicle
Elevating Fire Fighting Vehicle
Special Fire Fighting Vehicle

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fire Fighting Vehicle market from 2018 to 2029 covers:

Municipal
Industrial
ARFF

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)