The global fire truck market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. One of the key factors that are fueling the market includes the increasing demand for fire safety across the globe. The emergence of exclusive and new product innovation, electronics, and utilization of modern technology surface the mode for enhancing safety structure, which in turn is pushing the growth of the market. The adoption of new tech and swapping the aged fire truck is also contributing to the market. For instance, in April 2022, As per the finance director of the US, Ashley Puetz, the 10-year charter will put a figure of a projected $124,39 per year on the city, whereas Great Falls Fire Rescue was planning to utilize $494,335 from federal Community Development Block Grant (CDBG) funds for procuring an engine pumper truck from Spokane.
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The global fire truck market is segmented based on type and application. Based on the type, the market is segmented into rescue trucks, tankers, pumper, and multi-tasking trucks. Based on the application, the market is sub-segmented into residential and commercial, enterprises and airports, and the military. The above-mentioned segments can be customized as per the requirements. Based on application, the residential and commercial segment is anticipated to grow significantly in the market owing to the high number of fire incidents in the segment while based on type, the pumper segment is anticipated to grow significantly during the forecast period owing to the ability of pumper to pump water via external sources of water.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Fire Truck Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global fire truck market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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