Press Release

Global Fire Truck Market is Expected to Reach US$ 5.4 Bn by 2023

Date : Aug 21, 2018

New report published by Global QYResearch which offers insights on the global Fire Truck market. The Fire Truck market has been experiencing steady growth graph since past years. In 2017 the global Fire Truck market was valued at US$ 4.4 Bn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 5.4 Bn growing at a value CAGR of 3.5% throughout the period of forecast.

Global Fire Truck Market by Type

Fire truck (also known in some territories as fire engine, or fire appliance) is the general term of the various types of fire fighting vehicles which equipped with a variety of fire equipment, firefighting apparatus, is a vehicle designed primarily for firefighting operations, also is the most basic mobile firefighting equipment. In addition, many fire departments often employ their vehicles for various other uses including emergency medical services and rescue purposes.

A typical modern fire truck will carry tools for a wide range of firefighting and rescue tasks, with common equipment including ladders, a self-contained breathing apparatus, ventilating equipment, first aid kits, and hydraulic rescue tools.

Many fire trucks are based on standard vehicle models, normally fitted with audible and visual warnings, as well as communication equipment such as a two-way radios and mobile computer technology.

There are three types of fire truck: Fire fighting vehicle, Elevating fire truck and Special fire truck.

Global Fire Truck Market: Market Driver and Restraint

Fire Truck is mainly used in Municipal fire, Industrial fire and (ARFF) Aircraft Rescue and Fire Fighting.

Municipal fire is the most common application for fire trucks, customers normally being local government or military departments. Compressed form fire trucks and aerial fire trucks are increasingly needed for high residential buildings. Large company may own their own fire truck force, which is mostly seen in Chemistry, harbor, Petroleum and mining industries. These ARFF trucks are usually high end products.

Global Fire Truck Market: Forecast by Region

North America, Europe, China and Japan are the regions that are included in this report. Europe is the dominant market in the global Fire Truck market in terms of value. North America is the second largest market. The China market is also expected to expand at a fast rate in terms of revenue over the forecast period due to the steadily increasing demand of Fire Truck.

Global Fire Truck Market: Key Players

Rosenbauer, Oshkosh, MORITA, Magirus, REV Group , Ziegler, Gimaex, Bronto Skylift, Zhongzhuo, CFE, Tianhe, YQ AULD LANG REAL and Jieda Fire-protection.

The Fire Truck industry is concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 70 % of the revenue market.

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