Fire Trucks Market expected to augment the growth by 2030

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A substantial increase in demand for fire safety among developed countries and the need for advanced firefighting equipment are factors expected to augment the market growth

Fire Trucks Industry Overview

 

The global fire truck market size was valued at USD 4,631.1 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. The necessity for advanced firefighting equipment and the rising demand for fire safety in developed nations are anticipated to boost the market expansion forfire trucks. A substantial increase in demand for fire safety among developed countries and the need for advanced firefighting equipment are factors expected to augment the market growth. Furthermore, improving standards concerning safety across the globe are expected to aid the demand for advanced fire trucks in the coming years.

 

The noticeable increase in demand for fire trucks can be attributed to factors such as new infrastructure development and an increase in fire incidents in residential and commercial spaces, as well as sanctuaries and wildlife areas. For instance, in 2021, the U.S. witnessed around 8,619 wildfires that destroyed 2.6 million acres of land as well as close to 3,629 structures, while it also involved extensive loss of human life.

 

Gather more insights about the market drivers, restrains and growth of the Fire Trucks Market

 

Detailed Segmentation:

 

Application Insights

 

The residential commercial application segment accounted for the largest share in the global market for fire trucks and is expected to expand at a steady CAGR of 6.0% over the forecast period. The market growth in this segment is anticipated to augment on account of the rising global population, which in turn is expected to increase the demand for the construction of residential and commercial buildings.

 

The growing population and the resultant spike in building construction activities worldwide have led to governments enforcing stringent fire safety regulations across several critical sectors, including residential, commercial, airports, and industries. This factor has resulted in a significant increase in the global consumption of fire trucks in residential commercial applications.

 

The growing utilization of Aircraft Rescue Fire Fighting (ARFF) vehicles for airport safety and rescue operations is expected to drive the market demand in the enterprises airports segment. This segment accounted for 24.1% of the total market share in terms of revenue in 2022. The presence of ARFF is anticipated to increase this segment’s market share, owing to the rapidly growing number of airports and air passenger traffic globally.

 

The continuously rising demand for advanced firefighting apparatus in developed countries such as the UK, France, and the U.S. is expected to augment the growth of the market in North America and Europe. On the other hand, the steadily increasing building construction activities, coupled with low prices, are expected to drive market growth in China over the forecast period.

 

Type Insight

 

In 2022, the pumper segment accounted for the largest revenue share of 32.6% of the market. The popularity and product demand of pumper trucks will increase over the projection period due to their ability to pump water from outside sources such as water tankers, wells, and overhead tanks, as well as their lower cost when compared to other high-tech fire truck models. Based on type, the market for fire trucks is bifurcated into tankers, pumpers, aerial platforms, rescue, and others.

 

Several factors, including population growth, an increase in building and construction activities, and governments implementing stringent fire safety rules, have contributed to an increase in the demand for tankers in recent years. This trend is anticipated to continue further in the years to come.

 

Regional Insights

 

The global fire trucks industry is led by the Asia Pacific, with the region accounting for 29.1% of the revenue share in 2022, and is expected to continue its dominance throughout the forecast period. The presence of key low-cost manufacturers in China, coupled with the rising demand from residential commercial applications in emerging economies such as China, South Korea, and India, majorly drive the fire truck market growth in the region.

 

China is one of the largest markets, both in terms of production as well as consumption. The high production capacity and supply are driven by the considerably low costs of production. In addition, the country is an industrial hub for several global manufacturers. Increased utilization of fire trucks is anticipated in applications such as commercial spaces, enterprises, and airports, owing to the aforementioned factors.

 

The North American market contributed to around 25.1% of the revenue share in 2022. The North American production value witnessed a significant increase that is primarily driven by the increased demand from the residential commercial application segment. Furthermore, the growing requirement for advanced safety infrastructure in residential buildings, commercial complexes, and enterprises is expected to augment themarket demand for fire trucks.

 

Browse through Grand View Research's Category HVAC Construction Industry Research Reports.

 

 

 

Key Fire Trucks Companies:

 

The global market is very competitive due to the presence of many established manufacturers and suppliers. Some of the prominent players in the global fire truck market include:

 

  • Rosenbauer International AG
  • Oshkosh Corporation
  • Magirus GmbH
  • Weihai Guangtai
  • Danko Emergency Equipment Co.
  • E-One Inc.
  • Spartan Motors
  • Xuzhou Handler Special Vehicle Co. Ltd.
  • Zoomlion
  • Bronto Skylift Oy Ab

 

 

Fire Truck Market Segmentation

 

Grand View Research has segmented the global fire truck market based on application, type, and region:

 

Fire Truck Application Outlook (Revenue, USD Million, 2018 - 2030)

 

  • Residential Commercial
  • Enterprise Airports
  • Military
  • Others

 

Fire Truck Type Outlook (Revenue, USD Million, 2018 - 2030)

 

  • Tankers
  • Pumpers
  • Aerial Platform
  • Rescue
  • Others

 

Fire Truck Regional Outlook (Revenue, USD Million, 2018 - 2030)

 

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East Africa (MEA)
    • UAE
    • Saudi Arabia
    • South Africa

 

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Recent Development

  • In April 2023, E-ONEintroduced the new Defender Type III Urba n-Interface Pumper, built to stand strong for the most challenging situations. The design features low battery cell placement for better stability while operating. 
  • In June 2022, Scania introduced a new hybrid solution for airport fire trucks. The new system allows more sustainable operations in and around airports and meets the strict aviation industry requirements.  
  • In June 2022, Oshkosh Corporation acquired Maxi-Métal Inc. to expand sales and distribution capabilities of fire apparatus and utility vehicles within Canadian market.
  • In June 2021, Oshkosh Corporation introduced two new electric trucks to serve the airport fire emergency market with new Volterra technology. 

 

 

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