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Fire Trucks Market to Reflect a Holistic Expansion During 2017-2027

05-27-2018 11:15 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Fire Trucks Market to Reflect a Holistic Expansion During

Fire Truck or Fire Engine is a vehicle primarily designed for firefighting operations. Many fire and safety companies employ these vehicles for various other applications such as rescue purposes and emergency medical purposes. Fire Engines transport firefighters to the sites, providing water and other necessary equipment to fight the fire. Generally, a fire truck carry equipment such as hydraulic rescue tools, ladders, ventilating equipment, a self-contained breathing apparatus and first aid kits. Growing demand for multi-tasking trucks is a new trend in the global fire trucks market.

Global fire trucks market is expanding widely owing to the modern day fire and safety issues arising from new design infrastructures, rapid development of huge and complex buildings, and larger residencies in lesser spaces especially in developing countries. Global fire trucks market finds opportunity for fire trucks with advanced digital technology tools for supporting performance-based design, and field surveys are improving

In the global fire trucks market, new and advanced technology acceptance is the key driver for the market growth. Use of modern electronics and advanced digital tools will enhance the quality, efficiency and capability of the fire truck. Development in the fire and safety departments and municipal budgets of governments are also projected to fuel the global fire trucks market growth. Moreover, economic growth in developing countries is estimated to create new opportunities for global fire trucks market. In the global fire trucks market, low rate of replacements is a factor hampering the market growth. Though the fleets are ageing, the fire trucks are not being replaced easily. This may hinder the growth of fire trucks market.

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Global Fire Trucks Market Segmentation The global fire trucks market is segmented on the basis of types as follows: Rescue, Mini Tanker and all other Pumpers (mini pumpers, multi-tasking trucks). On the basis of application, fire trucks are segmented as follows: Conventional, rescue, wild land, airport application and others Over the past few years, the developing countries such as China, India and South Korea have witnessed a stable growth in the infrastructure coupled with rising awareness about safety. This is expected to boost the demand for fire trucks over the forecast period.

Fire Trucks are a necessity in airports and other enterprises to ensure public safety. The strengthening of governmental regulations regarding the matter is also a positive factor for the growth of global fire trucks market. The high production capacity in China coupled with lower labour charge contribute to the expansion of fire trucks market in the country. Moreover, the technological advancements and growing application in the manufacturing sector fuel the fire trucks market growth. In North America, stringent regulations and large number of fire stations are the key growth factors driving the market.

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The Middle East and Africa fire trucks market is expected to witness a significant growth over the forecast period owing to the product innovation coupled with technological advancements in the region.Global Fire Trucks Market Participants: W.S. Darley & Co., Oshkosh Corporation, Ziegler Firefighting, Magirus GmbH (CNH Industrial Group), Rosenbauer International AG, Gimaex GmbH, Morita Holdings Corporation, E-one, HME Incorporated, Smeal Fire Apparatus

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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Website: www.futuremarketinsights.com

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