Press release
Fire Truck Market Expected to Reach at High Pace by 2023 | Know COVID-19 Analysis | Top Companies- ALBERT ZIEGLER GmbH, Rosenbauer International AG, Spartan Motors
Fire Truck Market
COVID-19 Analysis
The novel coronavirus has disrupted almost every industry across the globe, including the automotive sector. The short term impact has led to shutting down of various manufacturing units due to the lockdown imposed by governments across countries. Production units are observing lack of labor owing to social distancing practice induced by the pandemic. SARS-CoV-2 has also resulted in showrooms being shut down, besides a drop in vehicle sales. The automotive industry is grappling with the aftereffects of the COVID-19 outbreak, issues such financial crisis combined with the weakening of the supply chain networks around the world.
Key Boosters and Main Barriers
The increasing need for fire safety in developed economies along with the mounting demand for superior quality firefighting apparatus can benefit the fire truck market in the long run. The increasing strictness of standards related to safety can also boost the worldwide demand for fire trucks. Governments are progressively deploying fire trucks for rescue operations and medical emergency services. Further, product advancements and technological innovations in the fire apparatus field and the consequent reduction in the fatality rate during fires also induce significant business growth across the globe.
Leading Companies
The leading companies in the fire truck industry are ALBERT ZIEGLER GmbH (Germany), Rosenbauer International AG (Austria), Spartan Motors (USA), KME Corp. (USA), MORITA Holdings Corporation (Japan), W. S. Darley & Co. (USA), Zoomlion Heavy Industry Science & Technology Co., Ltd., (China), Alexis Fire Equipment Company (USA), Magirus GmbH (Germany), Oshkosh Corporation (Japan), and more.
Market Segmentation
Fire Truck Industry has been considered for type as well as application.
Segmentation by types
• Pumper
• Tanker
• Multi-tasking truck
• Rescue truck
Segmentation by Application
• Non-residential
• Residential
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Regional Insight
The Fire Truck Market Analysis by MRFR covers the key regions of Europe, APAC/Asia Pacific, North America, and RoW/Rest of the World.
It is quite likely that the North American market can gain the leading position in the global market during the evaluation timeline, as a result of the high deployment of advanced technologies, strong financial conditions, and the existence of a massive number of renowned manufacturers across the U.S as well as Canada.
The population boom along with the mounting awareness regarding the significance of the fire-fighting apparatus can be major growth boosters in the APAC market. China is among the top ranking markets in the region, both in terms of consumption and production. The country is also a crucial hub for a number of manufacturers that are known globally. The increasing uptake of fire trucks in enterprises, airports and commercial applications is anticipated to result in a highly lucrative industry outlook.
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Fire Truck Market Segmentation
8. Fire Truck Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
12. Financial Data
13. Product Landscape
More…
If you have any requirements, let know and we will customize the report according to your need.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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