IMARC Group's latest report, titled "Fire Trucks Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," finds that the global fire trucks market size reached US$ 4.6 Billion in 2022. Fire trucks are large emergency vehicles fitted with water tanks, pumps, and high-pressure hoses. They are mainly used by firefighters to extinguish the fire, prevent it from spreading, and rescue humans, animals, natural resources, and properties. They also help deal with riots, natural disasters, and non-fire incidents. Besides this, they are utilized for rescue operations, water supply, and medical emergencies and to carry ventilation equipment, hydraulic rescue tools, ladders, self-contained breathing apparatus, and first aid kits. At present, fire trucks are gaining immense traction across the globe due to rising fire-related fatalities.
Global Fire Trucks Market Trends:
Rising incidences of wildfires owing to increasing concentrations of atmospheric greenhouse gases (GHGs) represent the primary factor driving the market growth. Moreover, governments of numerous countries are heavily investing in modern firefighter trucks with multifunctional equipment as they are relatively more efficient. In line with this, the implementation of stringent fire safety regulations in the residential, industrial, and commercial sectors is positively influencing market growth. Additionally, fire departments are focusing on regularly upgrading their fleet of fire trucks with the most recent models. Along with this, the rising construction activities across the globe have catalyzed market growth. Besides this, aircraft fires can spread quickly and burn more intensely due to the type of gasoline used on board. As a result, the rising reliance of airports on specialized aircraft rescue and firefighting (ARFF) trucks to handle emergencies involving airplanes is another major growth-inducing factor. Furthermore, the increasing utilization of fire trucks for medical emergencies and rescue missions is contributing to market growth. Apart from this, the shifting focus of rescue fire truck manufacturers toward upgrading their fire trucks as per government regulations due to the rising number of deaths from fires and natural disasters is propelling the market growth. Other factors, including continual technological advancements in firefighting apparatus, escalating safety and security concerns toward people, and increasing incidences of fire-related disasters, are also anticipated to create a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 6.3 Billion by 2028, expanding at a CAGR of 5% during 2023-2028.
- Based on the type, the market has been segmented into mini tank, rescue trucks, ini pumpers, and multi-tasking trucks.
- On the basis of the application, the market has been divided into residential and commercial, enterprises and airports, and military.
- Region-wise, the market has been segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being Albert Ziegler GmbH, Alexis Fire Equipment Company, BME Fire Trucks LLC, GIMAEX, HME Incorporated, Magirus GmbH (CNH Industrial N.V.), Morita Holdings Corporation, Oshkosh Corporation, Rosenbauer International AG, The Shyft Group Inc., W. S. Darley & Co., and Weihai Guangtai Airport Equipment Co. Ltd.
|Base Year of the Analysis
||Type, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Albert Ziegler GmbH, Alexis Fire Equipment Company, BME Fire Trucks LLC, GIMAEX, HME Incorporated, Magirus GmbH (CNH Industrial N.V.), Morita Holdings Corporation, Oshkosh Corporation, Rosenbauer International AG, The Shyft Group Inc., W. S. Darley & Co. and Weihai Guangtai Airport Equipment Co. Ltd
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