Global Fire Truck Market
Global Fire Truck Market is expected to witness a significant growth during the forecast period
Market Research Future published a Half Cooked Research Report Global Fire Truck Market that contains the information from 2018 to 2023. The Global Fire Truck Market is expected to progress with the CAGR of ~4.5% from 2018 to 2023.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Fire Truck Market Information from 2018 to 2023″
Fire Truck Market Overview
Fire trucks are specially designed with numerous equipment and assemblies used during firefighting tasks and rescue. Fire trucks perform important tasks like spraying of water during a fire, transportation of equipment and firerfighters. The increasing funding for the Assistance to Firefighters Grant (AFG) program has helped in enhancing fire departments’ ability to purchase new vehicles with safety equipment, globally.
The growing adoption of advanced solutions such as communication software and radar sensors and cameras in fire trucks is expected to further boost the growth of this market. Growing training centers for firefighters worldwide and improving economies of developing countries such as India, Brazil, Nigeria, and Argentina are providing a great opportunity for the expansion of this market.
Increased investments in new product development will enable strategic mergers and acquisitions of small startup companies in this market, which will further enhance the global market during the forecast period. However, the major restraints for the global fire truck market is high maintenance cost due to growing complexity in the design and low replacement of vehicle.
The global Fire Truck Market is estimated to witness ~4.5% CAGR during the period from 2019 to 2023.\
Fire Truck Market Segmentation:
The global fire truck market is segmented on the basis of type, application, and region. On the basis of type, the market has been segmented in to rescue truck, tanker, pumper, and multi-tasking truck. On the basis of application, the market has been segmented into residential and non-residential.
On the basis of type, the rescue truck segment is projected witness a moderate growth during the forecast period. This growth is attributed to growing natural calamities and forest fire incidences.
On the basis of application, the non-residential segment is expected to dominate the market over the study period. This is due to the growing population and increasing construction activities worldwide. Furthermore, the growing use of Airport Rescue Fire Fighting (ARFF) vehicles for air terminal security is driving the fire truck market.
The fire truck market is still in its growing phase in regard to activities related to the design, development, and manufacturing of such vehicles. However, growing industrialization, increasing infrastructure complexities in emerging countries includes China, India, and South Korea, and rising awareness about fire safety are set to drive the growth of this segment.
Key Players:
The prominent players in the global fire truck market include Rosenbauer International AG (Austria), Zoomlion Heavy Industry Science & Technology Co., Ltd., (China), Oshkosh Corporation (Japan), MORITA Holdings Corporation (Japan), W. S. Darley & Co. (USA), Alexis Fire Equipment Company (USA), ALBERT ZIEGLER GmbH (Germany), KME Corp. (USA), Spartan Motors (USA), and Magirus GmbH (Germany).
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Report Overview:
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global fire truck market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis.
