Press release
Fire Truck Market is Forecasted to Reach US$ 5.87 Billion in 2028, Says Stratview Research
The global fire truck market is projected to witness a growth rate of 5.2% annually from 2023 to 2028 with an anticipated size of US$ 5.87 billion by 2028, according to an analysis by Stratview Research.Stratview Research, a global market research firm has launched a report on the global fire truck market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/1385/fire-truck-market.html#form
Report Highlights:
Market Size in 2028: US$ 5.87 billion
Growth (CAGR): 5.2% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Fire Truck Market:
The global fire truck market is segmented based on product type, application type, and region.
Based on product type - The fire truck market is segmented into aerial trucks, pumper, tankers, and others. The pumper segment accounted for the major share of the market. Pumper trucks can pump water from external water sources, such as water tankers, wells, and overhead tanks, and are also of low cost as compared to other advanced fire truck models, fueling their adoption and product demand during the forecast period.
Based on application type - The market is segmented as residential & commercial, airport, and military. The residential & commercial application type is expected to hold the major share of the market during the forecast period owing to the growing incidence of fire accidents, thus increasing demand for fire trucks in the residential & commercial areas, accelerating the market growth.
To know the most attractive segments, click here:
https://stratviewresearch.com/1385/fire-truck-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is estimated to account for the major share of the market during the forecast period. This growth outlook is majorly attributed to the following-
• An increase in government investments in fire trucks with enhanced technologies and a growing number of fatal fire accidents in the region.
• Factors such as growing awareness of upgrading fire truck fleets with the latest models having multifunctional equipment to increase their efficiency and shifting inclination of local fire departments towards enhancing their operating efficiency are further expected to accelerate the regional market growth over the forecast period.
• Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Fire Truck Market Drivers:
Some of the key drivers listed in the report are given below.
• Integrating advanced technologies such as telematics and artificial intelligence in fire trucks.
• Integration of advanced equipment like thermal imaging cameras and compressed air foam systems enhances fire truck capabilities
• The growing number of fire incidents and mishaps
Top Companies in the Fire Truck Market:
Stratview Research has identified the following companies as the top market players.
• Albert Ziegler GmbH
• BAI Brescia Antincendi International SRL
• Gimaex GmbH
• Magirus GmbH
• Morita Holdings Corporation
• Rev Group, Inc.
• Rosenbauer International AG
• Sichuan Chuanxiao Fire Trucks Manufacturing Co., Ltd.
• Spartan, Inc.
• W. S. Darley & Co
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Fire Truck Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
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Website: www.stratviewresearch.com
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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