The
global fire trucks market is projected to reach USD 7.41
billion by 2024, according to a new report by Grand View Research, Inc. Growing
demand for fire trucks owing to rising penetration in application segments,
including residential & commercial, enterprises & airports, and
military, is expected to drive market growth over the forecast period.
Growing
infrastructure in the developing countries including India, China, South Korea
coupled with increasing awareness regarding fire safety is expected to drive
the demand for fire trucks over the next eight years. The demand in enterprises
and airports for fire apparatus and increasing governmental regulations towards
ensuring fire safety compliance is expected to be a contributing factor for
market growth across the globe.
 |
| China Fire Trucks market, by application, 2011 - 2024 (Units) |
The
market consists of raw material suppliers, manufacturers, distribution
channels, and end user applications. The companies including Alexis Fire
Equipment Co. and Xuzhou Handler Special Vehicle Co. Ltd. procure raw materials
such as chassis and metal sheets required for manufacturing of fire trucks from
the local suppliers, as it saves transportation costs. However, few companies
including Gimaex International and Albert Ziegler GmbH purchase trucks instead
of chassis from established truck manufacturers such as MAN and Scania, install
the components and fire equipment, and sell them to the fire departments.
Browse full
research report on Fire Trucks Market: www.grandviewresearch.com/industry-analysis/fire-trucks-market
Further
key findings from the report suggest:
- Residential & commercial application
accounted for over 40% of the overall fire trucks market. Growing global
population and resultant surge in building & construction activities
have led the government to enforce stringent fire safety regulations
across all sectors. This resulted in a significant increase in demand for
fire trucks and is expected to drive market growth significantly over the
forecast period.
- China demand for fire truck was valued at over
USD 650 million in 2015. High production capacity coupled with inexpensive
labor are expected to be the driving forces for rising demand and supply
for fire trucks in the country.In addition, growing application in
manufacturing sector and residential sector is expected to aid market
growth in China.
- North America accounted for a large share of
the market, and is expected to witness significant growth, growing at over
6% over the forecast period. Large number of fire stations and stringent
regulations regarding fire safety are expected to be the key factors for
market growth in the region.
- The market in Europe, Middle East & Africa
(EMEA) is expected to grow at a CAGR of over 5%. Product innovation,
coupled with technological advancements in the industry, is expected to be
the drivers of the EMEA market. However, high import prices are expected
to restrain fire trucks market growth in Middle East & Africa.
- Key players in the industry include Rosenbauer
International AG, Oshkosh Corporation and Magirus GmbH. Auxiliary Power
Unit is an idle-reduction technology designed by Rosenbauer International
AG, specifically for use on fire apparatus; this is expected to save
operating costs of endusers by a huge margin.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the fire trucks market on the basis of
application and region:
Fire Trucks
Application Outlook (Volume, Units; Revenue, USD Million, 2011 - 2024)
- Residential
& Commercial
- Enterprises
& Airports
- Military
- Others
Fire Trucks
Regional Outlook (Volume, Units; Revenue, USD Million, 2011 - 2024)
- China
- North
America
- Europe,
Middle East & Africa (EMEA)
- Asia
Pacific
- Rest of
the World
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-fire-trucks-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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