Industry Insights
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the fire truck industry. The report analyzes and declares the historical and current trends analysis of the Fire truck industry and subsequently recommends the projected trends anticipated to be observed in the fire truck market during the upcoming years.
The fire truck market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire fire truck market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the fire truck industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the fire truck industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the fire truck market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the fire truck industry. The fire truck market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the fire truck sector. Key strategic developments in the fire truck market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the fire truck market are appropriately highlighted in the report.
Increasing global demand for safety is the main factor expected to drive the demand for fire trucks through the forecast span. The fire department constantly upgrades its fire trucks and firefighting equipment to maintain a constant pace with the technological developments and fire truck industry developments. Advances in infrastructure in developed countries have prompted administrative and regulatory bodies to introduce strict codes and standards to minimize infrastructural harm and unexpected losses, which is expected to be a driving factor for growing fire truck sales on the global marketplace.
With the technological advancements, producers and suppliers present in the fire truck industry value chain are introducing new innovation strategies to reap full benefits in the competitive universe. These manufacturers broaden their range of fire trucks to tackle the increasing challenges faced during firefighting and rescue events.
The fire truck market research report delivers an acute valuation and taxonomy of the fire truck industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the fire truck industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the fire truck industry is provided for the leading economies of the world.
The fire truck market is segmented based on type and application. On the basis of type segmentation, the market is classified into rescue trucks, tanker, pumper, and multi-tasking trucks. In terms of application segmentation, the market is bifurcated into residential & commercial, enterprises & airports, military, and others.
Some of the essential players operating in the fire truck market, but not restricted to include Oshkosh Corporation, Magirus GmbH (CNH Industrial Group), Gimaex GmbH, E-ONE, Spartan Motors, Inc., Zoomlion, Emergency One, Inc., Xuzhou Handler Special Vehicle Co. Ltd., W.S. Darley & Co., Albert Ziegler GmbH, Rosenbauer International AG, Morita Holdings Corporation, HME Incorporated, Bronto Skylift Oy, Weihai Guangtai, Alexis Fire Equipment Co., Danko Emergency Equipment, Co., and others.
The taxonomy of the fire truck industry by its scope and segmentation is as follows:
Global Fire Truck Market: By Type Segmentation Analysis (Customizable)
- Rescue Trucks
- Tanker
- Pumper
- Multi-Tasking Trucks
Global Fire Truck Market: By Application Segmentation Analysis (Customizable)
- Residential & Commercial
- Enterprises & Airports
- Military
- Others
Global Fire Truck Market: Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
KEY REPORT POINTERS & HIGHLIGHTS:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable Segments and Sub-segments of the Market
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
- Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
- Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
- Technological Roadmap, Patents Analysis, Potential Substitutes, and Technical Analysis
- The professionally substantiated market research report study is calculated, constructed, and assembled by implementing a Robust Research Methodology. The Triangular Process comprises a buoyant mix of Exhaustive Primary Research (focused interviews, questionnaires, and ad-hoc surveys) and Extended Secondary Research (paid external databases, proprietary in-house database, and publically-available validated sources), where it is finally triangulated and validated through in-house industry experts, industry leaders, and independent consultants through a tri-level quality check practice.
Table of Content
Key Insights from Primary Research
- As per our primary respondents, the global fire truck market is set to grow annually at a rate of around 6.3%
- It was established through primary research that the global fire truck market was valued at around USD 5.5 billion in 2019
- The increase in demand for fire safety among developed countries and the need for advanced firefighting equipment are expected to increase the growth of the market
- The “residential & commercial” category, on the basis of application segmentation, was the leading revenue generating category in 2019
- The “enterprises & airports” category, on the basis of application segmentation, accounted for over 25% of the total market share in terms of revenue in 2019
Key Recommendations from Analysts
- The global fire trucks market is witnessing substantial forward thrust from the constant advances made in manufacturing technologies
- The growing number of fire hazards and the rising incidence of wildfire in forests in various parts of the world is favoring the growth of the market
- However, the global replacement rate of the aging fleet of fire trucks is relatively low, which has dampened the demand to an extent
- 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.
- Developing interest in cutting-edge fire mechanical assemblies and apparatuses in developed nations such as France, UK, and the U.S, and other developing nations, is leading to growing adoption of fire trucks in North American and European countries
Market Share in 2019 – By Application
Industry Major Market Players
- Oshkosh Corporation
- Magirus GmbH (CNH Industrial Group)
- Gimaex GmbH
- E-ONE
- Spartan Motors Inc.
- Zoomlion
- Emergency One Inc.
- Xuzhou Handler Special Vehicle Co. Ltd.
- W.S. Darley & Co.
- Albert Ziegler GmbH
- Rosenbauer International AG
- Morita Holdings Corporation
- HME Incorporated
- Bronto Skylift Oy
- Weihai Guangtai
- Alexis Fire Equipment Co.
- Danko Emergency Equipment Co.
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