Market Overview
The Global Fire Truck Market is expected to reach a value of USD 5.1 billion in 2023, and it is further anticipated to reach a market value of USD 8.5 billion by 2032 at a CAGR of 5.8%. The market has seen a significant increase in the recent past and is predicted to grow significantly during the forecasted period as well.
A fire truck is a big vehicle designed to transport firefighters & firefighting gear to address fires & emergencies. These trucks are outfitted to allow essential assistance in firefighting & rescue missions, carrying a number of equipment including Hurst tools, ground ladders, specialized saws, rescue ropes & harnesses, and cutting torches. Additionally, they are contained with a comprehensive set of advanced life support (ALS) equipment to provide
medical aid when needed.
Further, the growing in demand for fire trucks can be credited to several factors, including the development of new infrastructure increasing number of fire incidents in residential & commercial areas as well as in natural sanctuaries & wildlife zones.
Market Dynamic
The drive for infrastructural development in emerging nations has allowed regulatory authorities to include more strong codes & regulations focused at reducing structural damage & losses. This is anticipated to significantly contribute to the growth of the industry. In the broad run, the implementation of strong fire safety standards, the replacement of outdated fire truck fleets by municipal administrations to improve firefighting capabilities, and growing research & development investments by key industry participants are driving demand in the automotive & transportation sector, resulting in a significant increase in fire truck sales.
However, the growth of the global fire truck market is likely to be slightly restrained during the forecast period due to a high initial manufacturing expenses & capital prerequisites for trucks.
Research Scope and Analysis
By Type
The fire truck market is categorized into several types, including tankers, pumpers, aerial platforms, rescue vehicles, & others. In 2023, the pumper segment takes the lead in generating the highest revenue within the market. Pumper trucks are gaining major traction & are anticipated to maintain their popularity in the forecasted future. This is owing to their unmatchable capability to take out water from external sources such as tankers, wells, & elevated tanks.
Moreover, their affordable cost in comparison to more advanced fire truck models adds to their appeal. As many factors, like population growth, growth in construction endeavors, & stringent fire safety regulations established by governments, have all contributed to the growing demand for tankers. This trend is anticipated to persist throughout the forecasted period.
By Application
The largest share of the global fire truck market in 2023 comes from its use in residential & commercial settings, & this trend is predicted to continue steadily in the coming future as well, as the demand for fire trucks in this sector is driven by the growing global population, leading to more construction of homes & businesses. As the world's population grows, there's an increase in the need for buildings, & this, in turn, is fueling the demand for fire safety measures. Governments across the globe are executing strict regulations to enhance fire safety in areas like homes, offices, airports, & industries, which has directly led to a significant growth in the use of fire trucks for residential & commercial purposes on a global scale.
Moreover, the market demand within the enterprise & airports segment is also set to grow due to the increasing adoption of Aircraft Rescue Fire Fighting (ARFF) vehicles for enhancing airport safety & efficient rescue operations. The presence of ARFF vehicles is projected to significantly grow this market segment, mainly due to the fast expansion of airports & the increase in volume of air travelers across the globe. Further, the North American & European markets are anticipated to see substantial growth due to the increase in the need for advanced firefighting equipment, mainly in well-developed countries such as the UK, France, & the U.S. Meanwhile, in China, the market is anticipated to flourish due to a steady growth in construction activities & affordable pricing.
The Global Fire Truck Market Report is segmented on the basis of the following:
By Type
- Pumpers
- Rescue
- Tankers
- Aerial Platform
- Others
By Application
- Military
- Residential & Commercial
- Enterprises & Airports
- Others
Regional Analysis
Asia Pacific region has secured a significant market share, contributing
about 30.0% of the total revenue in the Global Fire Truck Market, and during the forecast period, the market is anticipated to experience growth, driven by the existence of economic manufacturers in China & the growing demand for fire trucks in emerging economies like China, South Korea, & India, mainly for residential & commercial purposes. As India is experiencing major urbanization, it has noticed a major growth in fire truck demand, particularly in sectors such as oil refineries, steel plants, industries, & thermal power generation, where specialized industrial-grade fire trucks, including foam trucks, are in high demand.
Further, China, a prominent player both in production & consumption, gains from its large production capabilities due to cost-efficient manufacturing. It also serves as an industrial center for global manufacturers. The growing use of fire trucks in many applications like businesses, airports, & commercial spaces is expected to grow the market due to these factors over the forecasted period.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The Fire Truck market experiences strong competition, owing to the participation of many key global players in the market alongside local players holding on undergoing supply contracts with municipal fire departments. These stakeholders often collaborate through joint ventures, mergers, acquisitions, & new product introductions, focusing on improving their brand range and fortifying their market standings.
For instance, in April 2023, E-ONE unveiled the Defender Type III Urban-Interface Pumper, particularly engineered to grow in challenging situations. The design highlights a regular low battery cell placement, significantly improving operational stability.
Some of the prominent players in the Global Fire Truck Market are:
- Magirus GmbH
- E-ONE
- Oshkosh Corp
- Spartan Motors Inc
- Zoomlion
- Weihai Guangtai
- W. S. Darley & Co
- HME Incorporated
- Gimaex GmbH
- Morita Holdings Corp
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Fire Truck Market
The COVID-19 pandemic & subsequent recession largely impacted the global fire truck market. With lockdowns & economic challenges, various municipalities & fire departments faced budget limitations, causing delays or cancellations in fire truck procurement. Supply chain disturbances also affected the manufacturing & delivery, causing longer lead times.
However, the increasing importance of emergency response highlights the importance of well-equipped fire departments, likely to drive the demand as economies recover. Adaptation to new regulations & guidelines, like remote work & virtual demonstrations, emerged as manufacturers sustained the crisis. Further, the market's future will depend on government spending, firefighting needs, & several other similar factors.
Report Details
| Report Characteristics |
| Market Size (2023) |
USD USD 5.1 Bn |
| Forecast Value (2032) |
USD 8.5 Bn |
| CAGR (2023-2032) |
5.8% |
| Historical Data |
2018 – 2023 |
| Forecast Data |
2024 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Type (Pumpers, Rescue, Tankers, Aerial Platform and Others), By Application (Military, Residential & Commercial, Enterprises & Airports and Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Magirus GmbH, E-ONE, Oshkosh Corp, Spartan Motors Inc, Zoomlion, Weihai Guangtai, W. S. Darley & Co, HME Incorporated, Gimaex GmbH, Morita Holdings Corp,and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Fire Truck Market is estimated to reach USD 5.1 billion in 2023, which is further expected to reach USD 8.5 billion by 2032.
Asia Pacific dominates the Global Fire Truck Market with a share of 30.0% in 2023.
Some of the major key players in the Global Fire Truck Market are Oshkosh Corp, E-ONE, Zoomlion, and
many others.
The market is growing at a CAGR of 5.8 percent over the forecasted period.