Global Fire Truck Market to Blaze Past $9.90 Billion by 2032, Fueled by Urban Expansion and Emergency Response Tech

Allied Market Research published a report, titled, "Fire Truck Market by Type (Aerial, Pumper, Rescue, Tanker, and Others), Application (Residential & Commercial, Industry & Airport, Military, and Others), and Propulsion Type (ICE, and Electric): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global fire truck industry generated $6.2 billion in 2022 and is anticipated to generate $9.9 billion by 2032, witnessing a CAGR of 5.0% from 2023 to 2032.

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The rise in the awareness of environmental sustainability and the need to reduce carbon emissions have driven the demand for electric and hybrid fire trucks in Europe. Moreover, there is a surge in the development of the electric vehicle market in the firefighting sector. For instance, in October 2020, Rosenbauer, a manufacturer of fire-service vehicles and Volvo, a Swedish multinational manufacturer of luxury vehicles partnered to develop an innovative electric fire truck that offers zero-emission firefighting capabilities. The electric fire truck aims to address sustainability concerns and reduce environmental impact by eliminating tailpipe emissions associated with traditional diesel-powered fire trucks. Such developments highlight the potential for electrification in specialized vehicle segments and promote the adoption of sustainable solutions in the fire truck industry.

The oil and gas industry in the Middle East region demands specialized fire trucks capable of effectively managing fires and emergencies in oil refineries, offshore platforms, and other associated facilities. As the oil and gas sector continues to grow, there is a rise in the demand for customized fire trucks that cater to the specific requirements of this industry. Moreover, the military sector in Africa requires specialized fire trucks that are specifically designed to meet the unique firefighting requirements of military installations and aircraft emergencies. In addition, various manufacturers expand their product portfolio and cater to the growing demand for reliable and technologically advanced fire trucks.

The pumper segment to maintain its leadership status throughout the forecast period.

Based on type, the pumper segment held the highest market share in 2022, accounting for more than two-fifths of the global fire truck market revenue, and is estimated to maintain its leadership status throughout the forecast period, as fire departments adopt electric pumper trucks to focus on sustainability and reducing their carbon footprint. However, the tanker segment is projected to manifest the highest CAGR of 7.6% from 2023 to 2032, owing to the rise in the demand for tanker fire trucks to support firefighting efforts by providing a substantial amount of water to extinguish the flames or support other firefighting apparatus.

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According to the National Fire Protection Association (NFPA), a pumper fire truck is defined as a fire apparatus that includes a permanently installed fire pump with a capacity of at least 750 gallons per minute (3000 liters per minute). It is equipped with a water tank, hose body, and storage compartments for firefighting equipment. The primary purpose of a pumper fire truck is to combat structural fires and associated emergencies. The NFPA also specifies that pumper fire trucks must have a minimum of 40 cubic feet of enclosed weather-resistant compartmentation, which adheres to NFPA requirements. Pumper fire trucks exhibit versatility and are capable of being utilized in a range of firefighting situations, encompassing structural fires, vehicle fires, and brush fires.

The residential and commercial segment to maintain its leadership status throughout the forecast period.

Based on the application, the residential and commercial segment held the highest market share in 2022, accounting for nearly half of the global fire truck market revenue, and is estimated to maintain its leadership status throughout the forecast period as there is a surge in the manufacturers provide a wide range of residential fire trucks such as tanker firetrucks, and others to meet the specific needs of firefighting operations. However, the military segment is projected to manifest the highest CAGR of 8.0% from 2023 to 2032, owing to a rise in the number of contracts between the manufacturers and the defense sector to design, build and supply firefighting vehicles to meet these specific military requirements.

For instance, in January 2019, Bristol, a manufacturer in the firefighting industry unveiled a UAE-made fire truck, a portable pump unit, and an innovative fire suppression system by Bristol at the Intersec exhibition. Such developments contribute to the growth of the fire truck market by expanding product offerings, showcasing technological advancements. Furthermore, there is a rise in innovation and incorporation of advanced features in the fire trucks in the region. For instance, in June 2020, the Abu Dhabi Civil Defense announced the launch of the first fire truck in Abu Dhabi fitted with oxygen tanks. The fire truck is equipped with oxygen tanks, which provide a crucial resource for firefighters when dealing with situations involving toxic gases, smoke-filled environments, or confined spaces. Therefore, the introduction of such specialized fire trucks creates opportunities for the growth and advancement of the fire truck market.

Asia-Pacific to maintain its dominance by 2032

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the fire truck market revenue, and is likely to dominate the market during the forecast period, as the manufacturers in the region aim to create partnerships and other strategies for the development of new and innovative fire truck solutions. However, the LAMEA region is expected to witness the fastest CAGR of 7.3% from 2023 to 2032, owing to a rise in the demand for customized fire trucks that cater to the specific requirements of the oil & gas, and military sector.

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Leading Market Players: -

Oshkosh Corporation
MORITA HOLDINGS CORPORATION
Rosenbauer International AG
Alexis Fire Equipment Company
Scania
Zoomlion Heavy Industry Science & Technology Co., Ltd.
NAFFCO
REV Group
Magirus
Albert Ziegler GmbH HL Mando Corp.

The report provides a detailed analysis of these key players of the global fire truck market. These players have adopted various strategies such as product development, expansion, agreement, contract, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.

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