Market Synopsis, Fire truck is a vehicle equipped with firefighting apparatus such as pump, hoses, water tank, ground ladders, hand tools, self-contained breathing apparatuses, basic life support (BLS) equipment, especially designed for firefighting operations. Fire trucks are also known as fire engines in some territories. They are fitted with communication equipment that use mobile computer technology, visual and audible warnings, and two-way radios. These solutions help to enhance performance, capability, and safety of the fire truck., The major driving factors of this market are growing industrialization, rise in the number of commercial spaces in countries such as China, Germany, US, and Japan, increasing congestion and overcrowding, growing awareness regarding fire safety, and the rising government norms towards fire safety compliances. In addition, rising budgets for the development of fire and safety departments is also contributing to the growth of this market., The lack of standard protocols for the development of fire truck, low rate of replacements of fire trucks, and the high initial cost of the truck are considered as the key restraining factors of this market. However, the growing product innovations, coupled with technological advancements in fire truck across the globe, increasing demand for electric firefighting truck, and improving economy are providing considerable new opportunities to the growth of this market., The global fire truck market is projected to witness significant growth during the study period. Improving technology and growing demand for advanced firefighting trucks are driving the market. For instance, in May 2018, REV Group introduced a new AXIS smart truck technology designed specifically for fire services. This technology helped fire departments to monitor the health or condition of their apparatus continuously and remotely. In addition, the growing focus by consumers and OEMs on advanced fire safety devices is also driving the market., The one of the key factors considered for the growth of this market is the growing competition between fire truck service and solutions providers and increasing support from governments of different countries, which has compelled truck designers to design the systems as per the guidelines se

Market Synopsis

Fire truck is a vehicle equipped with firefighting apparatus such as pump, hoses, water tank, ground ladders, hand tools, self-contained breathing apparatuses, basic life support (BLS) equipment, especially designed for firefighting operations. Fire trucks are also known as fire engines in some territories. They are fitted with communication equipment that use mobile computer technology, visual and audible warnings, and two-way radios. These solutions help to enhance performance, capability, and safety of the fire truck.

The major driving factors of this market are growing industrialization, rise in the number of commercial spaces in countries such as China, Germany, US, and Japan, increasing congestion and overcrowding, growing awareness regarding fire safety, and the rising government norms towards fire safety compliances. In addition, rising budgets for the development of fire and safety departments is also contributing to the growth of this market.

The lack of standard protocols for the development of fire truck, low rate of replacements of fire trucks, and the high initial cost of the truck are considered as the key restraining factors of this market. However, the growing product innovations, coupled with technological advancements in fire truck across the globe, increasing demand for electric firefighting truck, and improving economy are providing considerable new opportunities to the growth of this market.

The global fire truck market is projected to witness significant growth during the study period. Improving technology and growing demand for advanced firefighting trucks are driving the market. For instance, in May 2018, REV Group introduced a new AXIS smart truck technology designed specifically for fire services. This technology helped fire departments to monitor the health or condition of their apparatus continuously and remotely. In addition, the growing focus by consumers and OEMs on advanced fire safety devices is also driving the market.

The one of the key factors considered for the growth of this market is the growing competition between fire truck service and solutions providers and increasing support from governments of different countries, which has compelled truck designers to design the systems as per the guidelines set by governing bodies and fire fighter associations across different regions.

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 aplication, the market has been segmented in to residential and non-residential.

Geographically, the global fire truck manufacturers market has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. The North America region is estimated to hold the largest market share during the forecast period owing to advanced technology, stable economy, and presence of major key manufacturers across the region. Furthermore, the rise in demand for safety features in vehicles and increasing investment by public and private players to develop the firefighting sector are contributing to the growth of the market in this region. Increasing population and growing awareness about the importance of fire-fighting apparatus are contributing for the growth of this market in Asia-Pacific region.

The prominent players in the global fire truck industry 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).

The report for global fire truck market of market research future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.