Press release
Fire Truck Market Trends, Size, New Opportunities and Forecast 2030
Fire Truck Market
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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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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