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Global Special Fire Truck Market Expected to Witness a Sustainable Growth over 2023
Special Fire Truck is a special type of fire engine. Mainly include ARFF, forest fire engines, dangerous goods fire engines, smoke car and other models.
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Global Special Fire Truck Market: Forecast by Type / Application / Region
Global special fire truck market was performing well in the last five years, especially in emerging economies. Latin America, Africa, Middle East and Russia have increased their purchase significantly along with the premier commodity price. In Asia, urbanization process has pushed the safety concerns and special fire truck demand was at a high level. Demand for the developed countries, such as United States, Europe and Japan, are fairly stable of replacement requirements.
China is a fast growing market, driving by quick urbanization process and tall residential building demands and increasing airports. Right now, China market is quite segmented, with many local manufacturers competing at low-technology level and import high-end products. The high-end products segment is expected to grow faster than common pumper or tanker trucks.
Although sales of Fire Truck brought a lot of opportunities, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the Fire Truck field hastily.
Over the next five years, LPI(LP Information) projects that Special Fire Truck will register a 5.3% CAGR in terms of revenue, reach US$ 1040 million by 2023, from US$ 800 million in 2017.
Global Special Fire Truck Market: Key Players
Rosenbauer
Oshkosh
Morita Holdings
Magirus
E-ONE
KME
Gimaex
Ziegler Firefighting
Ferrara Fire Apparatus
CFE
Beijing Zhongzhuo
Tianhe
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Related Information:
United States Special Fire Truck Market Research Report 2018
Europe Special Fire Truck Market Research Report 2018
North America Special Fire Truck Market Research Report 2018
Asia-Pacific Special Fire Truck Market Research Report 2018
China Special Fire Truck Market Research Report 2018
EMEA Special Fire Truck Market Research Report 2018
Global Special Fire Truck Market Research Report 2018
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