Fire Truck Market to See Booming Growth Worldwide at a CAGR of 5% by 2032

A Fire Truck is a vehicle that is specifically constructed and equipped to respond to emergencies such as fires, hazardous material events, medical emergencies, and extrication scenarios. They are an essential component of fire departments and emergency response services, helping to protect lives and property during fire and disaster conditions. Fire trucks are designed to carry essential firefighting supplies such as ladders, hoses, water pumps, and other equipment essential for fire extinguishing. 

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/A06276

The rise in the awareness of environmental sustainability and the need to reduce carbon emissions have driven the demand for electric and hybrid fire trucks in Europe. Moreover, there is a surge in the development of the electric vehicle market in the firefighting sector. For instance, in October 2020, Rosenbauer, a manufacturer of fire-service vehicles and Volvo, a Swedish multinational manufacturer of luxury vehicles partnered to develop an innovative electric fire truck that offers zero-emission firefighting capabilities. The electric fire truck aims to address sustainability concerns and reduce environmental impact by eliminating tailpipe emissions associated with traditional diesel-powered fire trucks. Such developments highlight the potential for electrification in specialized vehicle segments and promote the adoption of sustainable solutions in the fire truck industry.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

MORITA HOLDINGS CORPORATION, NAFFCO, Albert Ziegler GmbH, REV Group, Oshkosh Corporation, Magirus, Alexis Fire Equipment Company, Scania, Zoomlion Heavy Industry Science &Technology Co., Ltd., Rosenbauer International AG

According to the National Fire Protection Association (NFPA), a pumper fire truck is defined as a fire apparatus that includes a permanently installed fire pump with a capacity of at least 750 gallons per minute (3000 liters per minute). It is equipped with a water tank, hose body, and storage compartments for firefighting equipment. The primary purpose of a pumper fire truck is to combat structural fires and associated emergencies. The NFPA also specifies that pumper fire trucks must have a minimum of 40 cubic feet of enclosed weather-resistant compartmentation, which adheres to NFPA requirements. Pumper fire trucks exhibit versatility and are capable of being utilized in a range of firefighting situations, encompassing structural fires, vehicle fires, and brush fires.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A06276

Based on the application, the residential and commercial segment held the highest market share in 2022, accounting for nearly half of the global fire truck market revenue, and is estimated to maintain its leadership status throughout the forecast period as there is a surge in the manufacturers provide a wide range of residential fire trucks such as tanker firetrucks, and others to meet the specific needs of firefighting operations. However, the military segment is projected to manifest the highest CAGR of 8.0% from 2023 to 2032, owing to a rise in the number of contracts between the manufacturers and the defense sector to design, build and supply firefighting vehicles to meet these specific military requirements.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the fire truck market revenue, and is likely to dominate the market during the forecast period, as the manufacturers in the region aim to create partnerships and other strategies for the development of new and innovative fire truck solutions. However, the LAMEA region is expected to witness the fastest CAGR of 7.3% from 2023 to 2032, owing to a rise in the demand for customized fire trucks that cater to the specific requirements of the oil & gas, and military sector.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐭𝐡𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/3c2dd49303be2e7837b4c9e8090f733d

The report provides a detailed analysis of these key players of the global fire truck market. These players have adopted various strategies such as product development, expansion, agreement, contract, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

• By type, the tanker segment is anticipated to exhibit significant growth in the near future.
• By application, the military segment is anticipated to exhibit significant growth in the near future.
• By propulsion type, the electric segment is anticipated to exhibit significant growth in the near future.
• By region, LAMEA is anticipated to register the highest CAGR during the forecast period.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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