Press release
Fire Truck Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Fire Truck Market Trends
The fire truck market is forecasted to grow from $7.3 billion in 2024 to $7.65 billion in 2025, at a CAGR of 4.9%. The growth is supported by urbanization and infrastructure growth, stringent fire safety regulations, industrialization and manufacturing growth, population density, high-rise buildings, and natural disaster preparedness.
The fire truck market is expected to experience strong growth, reaching $9.36 billion by 2029 at a CAGR of 5.2%. Growth drivers include smart city initiatives, environmental concerns, and upgrades in emergency response infrastructure. Key trends include alternative propulsion systems, telematics for fleet management, autonomous capabilities, and UAV integration.
What Factors Are Propelling the Expansion of the Fire Truck Market?
The rising number of fire hazards and emergencies is expected to fuel the fire truck market. The frequency of fire-related emergencies is increasing, driving the demand for fire trucks equipped with firefighting tools. In 2022, the National Interagency Coordination Center reported a 12.4% increase in wildfire incidents in Washington and Texas. Additionally, the National Fire Protection Association highlighted an 8.5% rise in fire-related deaths in the US in 2021. These trends are propelling the growth of the fire truck market.
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Which Businesses Are at the Forefront of Fire Truck Market Development?
Major companies operating in the fire truck market report are Volvo Group, Tata Motors Limited, Isuzu Motors Ltd., Scania AB, Dongfeng Motor Corporation, Hino Motors Ltd., Oshkosh Corporation, Zoomlion Heavy Industry Science &Technology Co. Ltd., Naffco Group, REV Group, Rosenbauer International AG, Pierce Manufacturing Inc., Morita Holdings Corporation, W.S. Darley & Co., E-One Inc., Albert Ziegler GmbH, HME Incorporated, Magirus GmbH, Ferrara Fire Apparatus Inc., Bronto Skylift Oy Ab, Spartan Motors Inc., Sutphen Corporation, KME Corp., Gimaex GmbH, Alexis Fire Equipment Company, Crimson Fire Protection Inc., Angloco Limited, Acres Emergency Vehicles, Metz Aerials GmbH, Smeal Fire Appratus
What Are the Latest Innovations in the Fire Truck Market?
In the fire truck market, companies are focusing on developing hybrid systems to ensure reliable service. Hybrid vehicles combine an internal combustion engine (ICE) with an electric motor, where the ICE powers high-speed driving and the electric motor is used for low-speed operations. For example, in June 2022, Scania AB, a Sweden-based commercial vehicle manufacturer, introduced a hybrid solution for airport fire trucks (ARFF). This system, featuring a 16-liter, 770hp combustion engine and 380hp electric motor, enables faster response times and eco-friendly operations. The vehicle can operate in hybrid or zero-emission modes, accelerating from 0 to 80 km/h quickly to reach emergencies faster.
How Is the Fire Truck Market Segmented?
The fire truck market covered in this report is segmented -
1) By Product: Aerial Ladder Trucks, Aerial Platform Trucks, Other Products
2) By Propulsion Type: Internal Combustion Engine (ICE), Electric
3) By Application: Residential And Commercial, Airports And Enterprises, Military, Other Applications
Subsegments:
1) By Aerial Ladder Trucks: Straight Ladder Trucks, Telescopic Ladder Trucks
2) By Aerial Platform Trucks: Articulating Aerial Platform Trucks, Non-Articulating Aerial Platform Trucks
3) By Other Products: Pumper Trucks, Rescue Trucks, Water Tanker Trucks, Brush Trucks
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Where Is the Fire Truck Market Growth Most Prominent?
Europe was the largest region in the fire truck market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fire truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Fire Truck Global Market Report?
- Market Size Analysis: Analyze the Fire Truck Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fire Truck Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fire Truck Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fire Truck Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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