Press release
Fire Trucks Market Growing Steadily with Improving Technology
One of the major factors driving the growth of fire trucks market is the advanced in automotive technology. Fire trucks equipped with modern equipments and advanced electronics can perform critical tasks at a short period of time. Advancement in the technology of manufacturing fire trucks is bound to improve the quality and efficiency of such trucks. Increasing fire hazards, wildfire in forests and natural calamities are the major influential factors governing the growth and usage of fire trucks. Moreover, increasing development and rise in the fire department’s budget of various countries is the other major factor driving the growth of fire trucks market, globally. The only major inhibiting factor of the fire trucks market is the low rate of replacement of fire trucks. Ageing fleet of fire trucks are not being replaced after a specific period of time, due to which new and advanced fire trucks are not finding much use. This is not only going to affect the growth of the overall fire trucks market globally but also hamper the efficiency in fire operations conducted in times of emergency.
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The fire trucks market can be classified by type, by application and by geography. The type segment can be classified into mini pumpers, multi-tasking trucks, rescue and mini tanker. By application, the market can be segregated as residential, commercial, airport, military and others. By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
In the fire trucks market, Asia Pacific holds the largest market share in terms of revenue followed by North America, Europe, Latin America and, Middle East and Africa (MEA). In the Asia Pacific region, countries such as Japan, China, South Korea and India has been the major contributors to the fire trucks market. China’s high production capacity coupled with low labor cost and availability of raw materials make it the most significant fire trucks market in the world. The market in North America and Europe tends to be a bit saturated but the market is expected to remain stable during the forecast period. By the end of the forecast period, Middle East and Africa, and Latin America are expected to show significant growth, considering the increasing demand for fire trucks.
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The report also provides company market share analysis of the various industry participants. Acquisition is the main strategy being widely followed by leading market players. In case of an acquisition, the acquirer takes advantage of existing synergies. As a result, both companies are expected to emerge more profitable and stronger than before. Key players in the global fire trucks market have been profiled and their company overview, financial overview, business strategies and recent developments have been covered in the report. Major market participants profiled in this report include: Oshkosh Corporation, Rosenbauer International AG, Magirus GmbH, Weihai Guangtai, Danko Emergency Equipment Co., Spartan Motors, E One Inc., Xuzhou Handler Special Vehicle Co. Ltd., Bronto Skylift Oy, ZoomLion, Morita Group, Alexis Fire Equipment Co., Boise Mobil Equipment, Inc., W. S. Darley & Co., Albert Ziegler GmbH, Gimaex International and KME among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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