Fire Truck Market Trends, Size, New Opportunities and Forecast 2030

◆Fire Truck Market Set to Reach USD 8.05 Billion by 2030

The global fire truck market is projected to grow from USD 6.20 billion in 2023 to USD 8.05 billion by 2030, reflecting a compound annual growth rate (CAGR) of 3.8% during the forecast period.

Competitive Landscape and Regional Demand

The market features prominent players such as Rosenbauer International AG, Oshkosh Corporation, Magirus GmbH, Weihai Guangtai, and Danko Emergency Equipment. The Asia Pacific region, particularly China, is anticipated to witness significant demand due to rapid urbanization and industrialization.

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◆Country-Specific Insights

Fire Truck Growth in Vietnam

Vietnam is experiencing increased urban development and industrial expansion, leading to a heightened focus on fire safety infrastructure. The government's investment in modernizing emergency response capabilities is expected to drive the demand for advanced fire trucks.

Fire Truck Trends in Thailand

Thailand's emphasis on enhancing public safety measures has resulted in the procurement of modern firefighting vehicles. The collaboration between local authorities and international manufacturers aims to equip fire departments with state-of-the-art technology.

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Fire Truck Opportunities in Japan

Japan's fire truck market is projected to grow at an annual rate of 3.2% from 2023 to 2033. The country's stringent safety regulations and focus on disaster preparedness contribute to the demand for technologically advanced firefighting vehicles.

Fire Truck Consolidation in South Korea

South Korea is witnessing consolidation in its fire truck industry, with companies merging to enhance production capabilities and technological expertise. This trend aims to meet the growing domestic demand and expand export potential.

Fire Truck Updation in Singapore

Singapore's commitment to maintaining a robust civil defense system has led to continuous updates in its fleet of fire trucks. The integration of smart technologies and eco-friendly solutions is a priority to enhance operational efficiency.

Fire Truck Expansion in the United States

The United States remains a leading market for fire trucks, with a projected advancement at a CAGR of 2.7% through 2033. The focus on replacing aging fleets and incorporating advanced safety features drives the market growth.

Fire Truck Development in China

China dominates the Asia fire truck market and is expected to progress at a lucrative 4.4% CAGR during the forecast period. The country's rapid urbanization and industrial growth necessitate the expansion of firefighting capabilities.

Fire Truck Manufacturing in Europe

Germany emerged as a dominant player in Europe's fire truck market, accounting for nearly one-third of the market share for manufacturing and supply in 2022. Over the next decade, the demand for industrial firefighting trucks manufactured in Germany is projected to grow at a CAGR of 5.5%.

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◆ Fire Truck Market Segmentation

by Equipment Type

Rescue Trucks
Tanker
Pumper
Multi-tasking Trucks

by Application

Residential & Commercial
Enterprises & Airports
Military

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◆ Fire Truck Market Key Players

North America:

1. Pierce Manufacturing
2. Rosenbauer America
3. E-ONE,
4. Ferrara Fire Apparatus
5. Spartan Motors,
6. KME Fire Apparatus
7. Sutphen Corporation
8. Crimson Fire
9. US Fire Pump
10.Smeal Fire Apparatus

Europe:

1. Rosenbauer International AG
2. Magirus GmbH
3. Morita Holdings Corporation
4. Volvo Group
5. Gimaex International
6. Metz Aerials GmbH
7. Albert Ziegler GmbH
8. Bronto Skylift,
9. Wiss Firefighting Equipment Company.

Asia-Pacific:

1. Dongfeng Motor Corporation
2. Xuzhou Handler Special Vehicle Company Ltd.
3. Oshkosh Corporation
4. Isuzu Motors Ltd
5. Mitsubishi Fuso Truck and Bus Corporation
6. E-one China
7. Hino Motors Ltd
8. Tata Motors Limited
9. Mahindra & Mahindra Limited

Key Recent Developments

Rosenbauer International AG: In 2023, Rosenbauer reported revenues of €1.065 billion, reinforcing its position as one of the leading global manufacturers of firefighting equipment.

Pierce Manufacturing: In September 2021, Pierce Manufacturing, a subsidiary of Oshkosh Corporation, acquired an ownership interest in Boise Mobile Equipment (BME), enhancing its portfolio in the fire apparatus sector.

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