"Flames to Futures: Projected Trends and Innovations in the Fire Truck Industry"

 The global fire trucks market is expected to expand at a CAGR of 3.7% in year 2023 to 2033. The overall market value is projected to reach US$ 8,549.6 million by 2033. The demand for fire trucks was around US$ 5,741.6 million in 2022.

Key Takeaways from the Fire Truck Market Study Report

  • The United States continues to be the leading market for fire trucks and is poised to advance at a CAGR of 2.7% through 2033.
  • Due to Germany's status as a global hub for automotive components, the demand for firefighting trucks is anticipated to surge at 5.5% CAGR through 2033.
  • China dominates the Asia fire truck market and is expected to progress at a lucrative 4.4% CAGR during the forecast period.
  • The India fire truck industry is thriving, with regional players expecting an annual growth rate of 4.3% from 2023 to 2033.
  • Increasing production and sales of tankers is expected to increase this segment's global revenue share from 29.9% in 2022.

“As natural disasters are getting more common, the establishment of rescue fire truck manufacturing facilities is expanding with federal support in several countries. Manufacturers and suppliers in the municipal fire department trucks are adopting new, creative strategies to get the most out of the intense competition,” ,” - says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

The rising need for dependable equipment on the vehicle and cutting-edge firefighting technology have substantially transformed the fire truck industry in the last few years. Increased fire and safety awareness to prevent fire-related fatalities has also surged the demand to establish fire truck stations in rural areas.

Request our market overview sample [FREE]:
https://www.futuremarketinsights.com/reports/sample/rep-gb-2732

Besides high-rise buildings and industrial complexes, bustling streets in metropolitan cities have necessitated specialized firefighting trucks and equipment. So, modern and advanced fire vehicles better suited to tackle all kinds of situations are garnering higher traction in the market.

Competitive Landscape for the Fire Truck Market

Considering there are so many well-established suppliers and manufacturers, the worldwide market is quite competitive for emergency response trucks. New industry participants are imitating leading players like Rosenbauer and Oshkosh, who have strengthened their worldwide positions via advanced product developments and strategic collaborations.

Key Players

  1. Rosenbauer International AG
  2. Oshkosh Corporation
  3. Magirus GmbH
  4. Spartan Motors
  5. Morita Group
  6. REV Group
  7. Naffco
  8. Ziegler Group
  9. Danko Emergency Equipment Co.
  10. Zoomlion

For more info: https://www.futuremarketinsights.com/reports/fire-trucks-market

Recent developments in the Fire Truck Industry 

  • The REV Fire Group unveiled Vector, its first-ever electric engine in North America, during FDIC 2022 in April of that year. The engine was developed in collaboration with Emergency One Group LTD, a preeminent fire and rescue apparatus producer in the United States. Likewise, SCANIA created a hybrid vehicle for industrial and maritime use in March 2023 that is ideal for all types of fire trucks.
  • Charlotte Fire Department added electric fire trucks for eco-friendly fire stations under its jurisdiction in December 2022. In preparation for its new all-electric firehouse opening in 2024, it has placed orders in bulk with the electric fire truck's supplier, Spartan Emergency Response.
  • Rosenbauer Incorporate and Volvo Company united in July 2021 to build a brand-new electric fire vehicle called Revolutionary Technology. They aim to develop the first electric fire truck equipped with proven and adaptable technology from Volvo Penta, Volvo, as well as its client Rosenbauer.

Comments

Post a Comment

Popular posts from this blog

Automotive Sensors Market Study: An Emerging Hint of Opportunity by 2033

  The   automotive sensor market  demand will continue rising through 2021 with worldwide demand projected to increase by  5.5%  year over year. As per Future Market Insights (FMI), automotive sensor revenues generation will increase at a ten-year compound annual growth rate (CAGR) of  7.2% , as the automotive production recovers after bucking skepticism about how the market would perform post pandemic. NXP Semiconductors N.V., TE Connectivity, Continental AG, Denso Corporation, Robert Bosch GmbH are identified as leading players in automotive sensor market. They will collectively account for nearly  30%  of global market share in 2021. Auto theft has emerged as a serious problem across the globe. According to a report by the National Insurance Crime Bureau, auto theft grew by 9.2% year-on-year in U.S. reaching 873,080 cases in 2020. To tackle this issue, automakers are installing modern anti-theft sensors in economic and budget cars. Th...
Read more

Automotive Head-up Display Market Report: Overview With Geographical Segmentation By Revenue With Forecast By 2033

  The global   automotive head-up display market   is expected to attain a valuation of US$ 1.3 billion in 2023 and is projected to reach US$ 6.4 billion by 2033, trailing a CAGR of 17.2% during the forecast period. New projection technologies are becoming available, such as electromechanical micro mirror-based devices. These innovations offer vivid displays with a broad colour spectrum. The affordability and innovation that these display technologies offer are what are driving the market growth for display systems. Key Takeaways The United States automotive head-up display industry is projected to expand with a CAGR of 16.8% from 2023 to 2033. The demand for automotive head-up displays in China is expected to capture a CAGR of 17.1% during the forecast period. By dimension, the 3D segment is projected to expand with a CAGR of 19.6% between 2023 and 2033. Germany is expected to secure a CAGR of 17% throughout the forecast period. Increasing sales of luxury and premium veh...
Read more

Automotive Lead Acid Battery Market Latest Advancements And Business Opportunities up to 2033

  According to the latest research by Future Market Insights (FMI), The global  Automotive Lead Acid Battery Market Size  estimates the market to expand at a steady CAGR of over 3.3% by year 2031-end. Flooded batteries, followed by enhanced flooded batteries are most sought-after lead acid batteries. Flooded batteries are expected to account for over half of sales registered in the market. The use of  lead batteries  for starting, lighting and ignition (SLI) application is increasing around the world. Easy availability of lead acid batteries and their economical pricing as compared to other battery types will continue enabling growth in the market over the coming decade. Despite advent of various advanced technologies, which threaten replacement, lead acid batteries sales will continue surging at a moderate pace. The rising production of passenger and commercial vehicles will continue supporting growth through the course of the forecast period. Also, the advent ...
Read more