The latest research study by IMARC Group, “Fire Trucks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global fire trucks market report. The global fire trucks market reached a value of US$ 4.33 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.97 Billion by 2027, exhibiting a CAGR of 5.20% during 2022-2027.
Fire Trucks Industry Outlook:
Fire trucks are large emergency vehicles equipped with water tanks, pumps, and high-pressure hoses. They are used by firefighters to extinguish the fire, prevent it from spreading and save people, animals, natural resources, and other properties. They also help deal with non-fire crises, riots, and natural disasters. At present, fire trucks find extensive applications in medical emergencies, rescue operations, supplying water, and carrying equipment such as hydraulic rescue tools, ladders, ventilating equipment, self-contained breathing apparatus, and first aid kits.
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Market Trends:
The global fire trucks market is primarily driven by rising incidences of wildfires due to increasing concentrations of atmospheric greenhouse gases (GHGs). Moreover, extensive investments by governments of numerous countries in modern firefighter trucks with multifunctional equipment, as they are more efficient, are positively influencing the market growth. Additionally, the implementation of various stringent fire safety regulations in the residential, industrial, and commercial sectors is another major growth-inducing factor.
Besides this, fire departments are focusing on regularly upgrading their fleet of fire trucks with the most recent models. In addition, the rising construction activities across the globe are propelling the market growth. Other factors, including the surging adoption of fire trucks for medical emergencies, technological advancements in firefighting apparatus, escalating safety and security concerns toward people, and rising fire-related disasters, are also anticipated to create a positive market outlook.
| Fire Trucks Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 4.33 Billion |
| Market forecast in 2027 | US$ 5.97 Billion |
| Growth Rate | CAGR of 5.20% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Mini Tank
- Rescue Trucks
- Ini Pumpers
- Multi-tasking Trucks
Breakup by Application:
- Residential and Commercial
- Enterprises and Airports
- Military
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are 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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About IMARC Group:
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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