Fire Truck Market Set to Reach USD 8.4 Billion By 2026
According to the report, The global fire truck market in 2019 was approximately USD 5.5 billion. The market is expected to grow at a CAGR of 6.3% and is anticipated to reach around USD 8.4 billion by 2026.
Fire trucks are also called as fire engines or fire apparatus and are used for the firefighting operations throughout the world. Fire departments and emergency medical services also use these fore trucks for rescue operations throughout the globe. Some of the essential tools carried by the fire trucks are ventilating equipment, ladders, breathing apparatus, rescue tools, and first aid kits.
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The fire truck market research report delivers an acute valuation and taxonomy of the fire truck industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the fire truck industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the fire truck industry is provided for the leading economies of the world.
The fire truck market is segmented based on type and application. On the basis of type segmentation, the market is classified into rescue trucks, tanker, pumper, and multi-tasking trucks. In terms of application segmentation, the market is bifurcated into residential & commercial, enterprises & airports, military, and others.
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Some of the essential players operating in the fire truck market, but not restricted to include Oshkosh Corporation, Magirus GmbH (CNH Industrial Group), Gimaex GmbH, E-ONE, Spartan Motors, Inc., Zoomlion, Emergency One, Inc., Xuzhou Handler Special Vehicle Co. Ltd., W.S. Darley & Co., Albert Ziegler GmbH, Rosenbauer International AG, Morita Holdings Corporation, HME Incorporated, Bronto Skylift Oy, Weihai Guangtai, Alexis Fire Equipment Co., Danko Emergency Equipment, Co., and others.
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