Fire Trucks Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

The fire trucks market share is expected to increase by USD 1.21 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.18%.

This fire trucks market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers fire trucks market segmentation by type (tanker, aerial vehicle, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The fire trucks market report also offers information on several market vendors, including Alexis Fire Equipment Co., Angloco Ltd., Chase Enterprise(Siam) Co. Ltd., China International Marine Containers (Group) Ltd., Custom Fire Apparatus Inc., Daimler AG, Danko Emergency Equipment, ITURRI SA, Magirus GmbH, Marion Body Works Inc., MAXIMETAL, Morita Holdings Corp., NAFFCO FZCO, Oshkosh Corp., Rosenbauer International AG, Scania AB, Spartan Fire LLC, Sutphen Corp., Toyne Inc., and TRIEL-HT Group among others.

What will the Fire Trucks Market Size be During the Forecast Period?

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Fire Trucks Market: Key Drivers, Trends, and Challenges

The increasing demand for low-cost pumper trucks is notably driving the fire trucks market growth, although factors such as rising stringency in government regulations for trucks may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fire trucks industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Fire Trucks Market Driver

One of the key factors driving growth in the fire trucks market is the increasing demand for low-cost pumper trucks. Pumper trucks ability to pump water from external sources such as water tankers, overhead tanks, and wells is increasing their popularity. Several OEMs high degree of customization and features, a large range of pumper trucks will drive market demand through 2026. For instance, most of the companies are shifting to electric fire trucks with advanced features. For example, In June 2020, the CFT becomes the RT (Revolutionary Technology), a new vehicle series that brings the advantages and functionalities of the CFT into series production. The series development will be completed in 2021 with practical tests at the first customers Berliner Feuerwehr, Brandweer Amsterdam Amstelland, and Dubai Civil Defense. Pumper trucks are significantly less expensive than other sophisticated fire vehicle types, which will boost their demand during the forecast period.

Key Fire Trucks Market Trend

The growing demand for fire trucks in the residential and commercial sectors is another factor supporting the fire trucks market share growth. With the rising population and increasing building and construction activities, governments have implemented severe fire safety standards in a variety of sectors, including residential, commercial, airports, and industries. The aforementioned causes have increased the use of fire vehicles in both residential and commercial applications. Infrastructure development in growing nations has prompted regulatory agencies to impose severe rules and standards to reduce infrastructural damage and loss, which is predicted to boost industrial growth. Furthermore, rising building and construction activities in emerging economies such as India, China, and South Korea are likely to open up new potential for market participants during the forecast period. The increasing incidence of deadly fire incidents in the region drives government authorities and fire departments to routinely replace their fire truck fleet with the most recent models, which has a substantial impact on market figures.

Key Fire Trucks Market Challenge

The rising stringency in government regulations for trucks will be a major challenge for the fire trucks market during the forecast period. The governments of various countries are increasingly updating their emission regulations to reduce air pollution levels caused by vehicles. Vehicles emit harmful exhaust gases, such as hydrocarbons, carbon monoxide, nitrous oxide, and carbon dioxide. The higher the number of on-road vehicles, the greater the emission levels. Hence, governing bodies regularly revise existing emission standards to lower the approved levels of harmful gases in vehicles launched. This will affect the used trucks market adversely as older trucks will be following outdated emission standards; re-registering them would cost owners significant amounts of tax, which is creating a huge decline in the sales of trucks globally.

This fire trucks market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global fire truck market as a part of the global automotive market under the global automobiles and components industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fire trucks market during the forecast period.

Who are the Major Fire Trucks Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Alexis Fire Equipment Co.
• Angloco Ltd.
• Chase Enterprise(Siam) Co. Ltd.
• China International Marine Containers (Group) Ltd.
• Custom Fire Apparatus Inc.
• Daimler AG
• Danko Emergency Equipment
• ITURRI SA
• Magirus GmbH
• Marion Body Works Inc.
• MAXIMETAL
• Morita Holdings Corp.
• NAFFCO FZCO
• Oshkosh Corp.
• Rosenbauer International AG
• Scania AB
• Spartan Fire LLC
• Sutphen Corp.
• Toyne Inc.
• TRIEL-HT Group

 

This statistical study of the fire trucks market encompasses successful business strategies deployed by the key vendors. The fire trucks market is fragmented and the vendors are deploying growth strategies such as focusing on acquiring other small brands to increase their market presence to compete in the market.

Product Insights and News

• alexisfire.com - The company offers fire trucks that includes model, aerial, ambulance, chemical unit, command vehicle, mini units, pumper, pumper, tanker, under the brand name of Alexis Fire Equipment Co.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The fire trucks market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Fire Trucks Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the fire trucks market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Fire Trucks Market?

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60% of the market's growth will originate from APAC during the forecast period. China, South Korea, and Japan are the key markets for fire trucks market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

A rapid increase in government spending on technologically superior trucks will facilitate the fire trucks market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic hindered the growth of the market in the region mainly due to the imposition of lockdowns, which led to the shutdown of all industrial operations in many North American countries, such as the US, Canada, and Mexico. However, with the lifting of restrictions on industrial operations, automobile companies are resuming their operations with strict adherence to safety guidelines to bring business activities back to normalcy, which is likely to increase the demand for fire trucks during the forecast period.

What are the Revenue-generating Type Segments in the Fire Trucks Market?

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The fire trucks market share growth by the tanker segment will be significant during the forecast period. As pumpers carry a bulk amount of water, they play a vital role in fire prevention. Therefore, fire departments prefer pumpers in their firefighting vehicle fleet. Thus, municipalities and pumper operators prefer to adopt advanced and optimum-performance vehicles. The increasing fire incidents have encouraged local governing bodies to add a large number of pumpers to their fleet.

This report provides an accurate prediction of the contribution of all the segments to the growth of the fire trucks market size and actionable market insights on post COVID-19 impact on each segment.

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Fire Trucks Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.18%
Market growth 2022-2026	$ 1.21 billion
Market structure	Fragmented
YoY growth (%)	3.25
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	APAC at 60%
Key consumer countries	US, China, Japan, South Korea, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Alexis Fire Equipment Co., Angloco Ltd., Chase Enterprise(Siam) Co. Ltd., China International Marine Containers (Group) Ltd., Custom Fire Apparatus Inc., Daimler AG, Danko Emergency Equipment, ITURRI SA, Magirus GmbH, Marion Body Works Inc., MAXIMETAL, Morita Holdings Corp., NAFFCO FZCO, Oshkosh Corp., Rosenbauer International AG, Scania AB, Spartan Fire LLC, Sutphen Corp., Toyne Inc., and TRIEL-HT Group
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Fire Trucks Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive fire trucks market growth during the next five years
• Precise estimation of the fire trucks market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the fire trucks industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of fire trucks market vendors

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