Global Fire Truck Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2024-2032)

Global Fire Truck Market Outlook

The global fire truck market is expected to grow at a CAGR of 5% in the forecast period of 2024-2032.

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Increasing Demand for Pumper Trucks to Augment the Fire Truck Industry Growth

Based on type, the pumper truck segment accounts for a significant share in the fire truck industry. Pumper truck’s ability to pump water from external water sources, including water tankers, overhead reservoirs, and wells is boosting their popularity. Over the forecast period, the industry is expected to be aided by a high degree of customisation and a wide range of pumper trucks provided by multiple OEMs. Pumper trucks are less expensive than other specialised fire truck types, which is further accelerating their demand. The manufacturers are increasing their profits by introducing new pumper truck models in the market. Spartan Emergency Response, for example, debuted the IPS-NXT, a new pumper truck platform, at the Fire Department Instructors Conference (FDIC) in the United States in April 2019. The new vehicle has a highly manoeuvrable chassis and a technologically sophisticated security device that helps firefighters stay safe when fighting fires.

North America Region to Provide Enhanced Growth Opportunities to the Fire Truck Industry

Region-wise, North America is expected to witness a robust growth over the forecast period owing to a high number of fire accidents in countries like Canada and the United States. The increasing government spending on technologically sophisticated fire engines provides the robust potential for regional industry expansion. The rising number of fire-related fatalities in the area is prompting government agencies and fire service departments to update their fire truck fleets on a regular basis, impacting industry figures significantly.

To improve their effectiveness, municipal and state fire services are investing in new firefighter vehicles with multifunctional equipment. For example, the Los Angeles Fire Department (LAFD) bought a new hybrid-electric fire truck from Rosenbauer Group in February 2020.The truck is integrated with features such as remote vehicle diagnostics and Wi-Fi connected aerial drones that help to track the crash scene.

The truck is also fitted with a back-up diesel engine for emergency cases where the batteries run out of charge. Thus, The shifting attention of municipal fire districts on improving their operational performance is boosting the industry growth in North America.

Fire Truck: Market Segmentation

Fire trucks are specialist vehicles that are equipped with a variety of devices and assemblies for rescue and firefighting operations, including fire extinguishers, long hoses that can attach to fire hydrants, and ladders, among other things. Fire trucks perform a variety of essential duties, including providing water and transporting supplies.

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By type, the market is divided into:

• Rescue Trucks  
• Tanker 
• Pumper 
• Multi-Tasking Trucks
• Others

The market is divided based on application into:

• Residential and Commercial
• Enterprises and Airport
• Military
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Growing Safety Concerns and the Stringent Regulations to Bolster the Growth of the Fire Truck Industry

The increasing awareness regarding fire safety and prevention is the major factor driving the growth of the fire truck industry. The increasing focus of fire department on upgrading its fire engines and mechanical assemblies to keep up with the technologies and technical advances in the fire truck industry is further contributing to the industry growth. Constant changes are then made as per the rules and standards imposed by affiliations, such as the National Fire Protection Association (NFPA) in the U.S. and other government agencies.

Infrastructural advances both in developed and developing countries have led administrative and regulatory bodies to introduce strict codes and regulations to mitigate infrastructural damage and sudden deaths. Thus, the stringent regulations imposed by the government agencies to prevent and deal with fire fatalities are expected to significantly increase the sales of fire trucks in the forecast period.

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Key Industry Players in the Global Fire Truck Market

The report gives a detailed analysis of the following key players in the global fire truck market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Oshkosh Corporation
• Albert Ziegler GmbH
• W.S. Darley & Co
• Rosenbauer International AG
• Gimaex
• The Desautel Group
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Fire Truck Market Report Snapshots

Fire Truck Market Size

Fire Truck Market Growth

Fire Truck Companies