What Fueled The Previous Growth In The Fire Truck Market?
The fire truck market has seen considerable growth due to a variety of factors.
• The market size for fire trucks has seen stable growth in the previous years. The market size projection expects an increase from $7.3 billion in 2024 to $7.65 billion in 2025, with a compound annual growth rate (CAGR) of 4.9%.
Several factors contributed to this historic rise including urbanisation and infrastructure growth, rigorous fire safety norms, Expansion in industrialisation and manufacturing sector, increasing population density and high-rise buildings, as well as readiness for natural disasters.
How Does the Forecast Look for the Fire Truck Market?
The fire truck market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the fire truck market is projected to experience substantial growth, eventually reaching a valuation of $9.36 billion in 2029, with a compound annual growth rate (CAGR) of 5.2%.
This anticipated growth during the forecast period can be credited to several factors such as smart city initiatives, environmental issues, risks associated with wildfires, advancements in emergency response systems, and cycles of modernization and renewal. The forecast period will also see key market trends such as the incorporation of alternative propulsion systems, sophisticated telematics for fleet management, a focus on remote control and autonomous features, the integration of unmanned aerial vehicles (UAVs), and customization to cater to both urban and rural settings.
What Are The Leading Drivers Of Growth In The Fire Truck Market?
The fire truck market is projected to surge due to the escalating number of fires and emergencies. Instances of fire hazards, which are conditions or incidents that possess the potential to initiate or increase the possibility of a fire, are on the rise. Fire emergencies, situations that can lead to loss of life or property or cause serious injury, are also multiplying. Firefighters employ various firefighting tools, such as hoses and nozzles, available on fire trucks to extinguish these fires by dousing them with water or other fire extinguishing agents. An example of this ongoing trend is that the National Interagency Coordination Center recorded a 12.4% spike in wildfires reported by Washington and Texas, rising from 44,263 in 2021 to 49,753 in 2022. Similarly, the National Fire Protection Association reported that the number of fire emergencies in the US rose by 8.5% to 1,353,500, with civilian death rates rising from 3,500 in 2020 to 3,800 in 2021. This continues to accelerate the fire truck market's growth. The role of infrastructure development in the expansion of the fire truck market shouldn't be underestimated. Such development consists of numerous undertakings like the construction of residential, commercial, public facilities, and industrial structures in addition to transportation systems and utility networks. Often concentrated in urban and built-up regions, infrastructure development, coupled with growing city sizes and population counts, invites an increased fire hazard. This necessitates the availability of fire trucks and quick-response emergency services to safeguard people and property. As per a July 2024 report from the Office for National Statistics, investment into infrastructure in2023 was £13.8 billion ($17.25 billion) at constant prices, a 3.9% upswing compared to 2022. Consequently, the surge in infrastructure development can be seen as a considerable impetus for the fire truck market's acceleration.
How Are The Segments Defined Within The Global Fire Truck Market?
The fire truck market covered in this report is segmented –
1) By Product: Aerial Ladder Trucks, Aerial Platform Trucks, Other Products
2) By Propulsion Type: Internal Combustion Engine (ICE), Electric
3) By Application: Residential And Commercial, Airports And Enterprises, Military, Other Applications
Subsegments:
1) By Aerial Ladder Trucks: Straight Ladder Trucks, Telescopic Ladder Trucks
2) By Aerial Platform Trucks: Articulating Aerial Platform Trucks, Non-Articulating Aerial Platform Trucks
3) By Other Products: Pumper Trucks, Rescue Trucks, Water Tanker Trucks, Brush Trucks
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Which Emerging Market Trends Are Altering The Fire Truck Industry?
Key players in the fire truck market prioritize product innovation, especially in creating hybrid systems, to enhance customer service dependability. The hybrid vehicle model merges an internal combustion engine (ICE) with an electric engine and battery. The ICE powers high-speed driving, while the electric engine is used for slow speeds and acceleration. To illustrate, Scania AB, a commercial vehicle manufacturer based in Sweden, introduced a hybrid solution for airport fire trucks (ARFF) in June 2022. The unique capabilities of this system include faster response times and greener operations, bringing about changes in the airport emergency vehicle market. Its composition includes a 16-liter, 770hp maximum combustion engine and a 380hp E-machine. The hybrid or zero-emission mode runs with a turn-key Scania solution, which comprises the battery, E-machine, combustion engine, and all corresponding parts. The vehicle can generate 1150 horsepower when the E-machine and combustion engine operate in unison. Its acceleration from 0 to 80 km/h is record-breaking, enabling it to arrive at the accident site much quicker than an average car.
Who Are the Key Players In The Fire Truck Market?
Major companies operating in the fire truck market report are:
• Volvo Group
• Tata Motors Limited
• Isuzu Motors Ltd.
• Scania AB
• Dongfeng Motor Corporation
• Hino Motors Ltd.
• Oshkosh Corporation
• Zoomlion Heavy Industry Science &Technology Co. Ltd.
• Naffco Group
• REV Group
• Rosenbauer International AG
• Pierce Manufacturing Inc.
• Morita Holdings Corporation
• W.S. Darley & Co.
• E-One Inc.
• Albert Ziegler GmbH
• HME Incorporated
• Magirus GmbH
• Ferrara Fire Apparatus Inc.
• Bronto Skylift Oy Ab
• Spartan Motors Inc.
• Sutphen Corporation
• KME Corp.
• Gimaex GmbH
• Alexis Fire Equipment Company
• Crimson Fire Protection Inc.
• Angloco Limited
• Acres Emergency Vehicles
• Metz Aerials GmbH
• Smeal Fire Appratus
What Is The Most Dominant Region In The Fire Truck Market?
Europe was the largest region in the fire truck market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fire truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
