Fire Truck Market To 2026 New inventions & Cost Profit Structure | W.S. Darley & Co., Rosenbauer International AG, Oshkosh Corporation, Ziegler Firefighting, Magirus GmbH, Gimaex GmbH, Morita Holdings, E-one, HME Incorporated and Smeal Fire Apparatus

A fire truck is a vehicle designed to carry firefighters to the site of accident with a limited supply of water that will be utilized to extinguish fire, some tools, equipment, and hoses that will be required by the firefighters. The tools and equipment carried by the truck will widely differ depending on the size of department and the type of location they will be handling.

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Fire trucks are more often employed in firefighting operations in urban and suburban regions. There has been a significant increase in commercial and residential infrastructure, especially in the urban and suburban areas, pertaining to increasing population shift in the urban regions.

Modern firefighting trunks carry equipment for wide range of firefighting and rescue operations, which include ladder, self-contained breathing apparatus, flood lights, fire hose, fire extinguishers, thermal imaging cameras, ventilating equipment, first aid kit, and hydraulic tools. All these equipment provide efficient assistance to fight in fire situations and rescue lives trapped inside the affected building. For instance, according to National Fire Association, in 2016, there were 475,500 structure fires reported in the U.S., in which 2,950 civilian died. Hence, rise in urbanization will require increased number of firefighting units in order to deal with fire situations in densely populated cities. This in turn will create growth opportunities for fire truck manufacturers.

North America was the largest market for fire trucks in 2017. Increasing fire incidence in North America is one of the major driving factors leading to high demand for fire trucks. For instance, according to National Fire Association, in 2016, there were 1,342,000 fires reported in the U.S. in which 3,390 civilian died, 14,650 civilian were injured, and US$ 10.6 billion valued property was damaged. Moreover, high percentage of population living in urban areas have also accelerated the market growth in North America.

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Some of the key players operating in the fire truck market are 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, and Smeal Fire Apparatus.

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This release was published on openPR.