Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Fire Fighting Vehicle Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Fire Fighting Vehicle Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Fire
Fighting Vehicle Market is offered.
Market
Insights:
In accordance with the report, the Fire Fighting Vehicle
Market is projected to expand at a CAGR of X.X% over the period
of forecast. The global Fire Fighting
Vehicle Market was valued at USD XX.X Mn in 2019 and is expected to reach USD
XX.X Mn in 2031, growing with a significant CAGR rate during the forecast
period. The growing number of fire occurrences and
mishaps globally, as well as the emerging industry trend of integrating modern
technologies such as telematics and artificial intelligence in Fire Fighting
Vehicle, are some of the primary drivers driving the fire truck market growth
during the projection period. The
increasing number of fire incidents and mishaps across the globe are fueling
the market demand. According to the U.S. Fire Administration (USFA), in 2019,
the country witnessed over 1.3 million fire accidents in 2018. Fire Fighting
Vehicle can quickly respond to such accidents with advanced rescue equipment. The
global market for Fire Fighting Vehicle has seen continual advancement in the
firefighting technologies, especially with regard to communication equipment
and warning system. These advancements are all focused on improving the
reliability, safety, and efficiency of firefighting operations. Recent advances
in the mobility technologies have built on their functionality as well as
versatility. There is growing popularity of special-purpose vehicles,
especially in developing and developed economies. In order to reduce
infrastructural damage and loss, regulatory agencies in growing countries have
implemented tough codes and standards, which is predicted to boost industrial
growth. Furthermore, modern electronics are anticipated to improve efficiency,
quality, and capability due to the acceptance of new and advanced technology,
product innovation, and the usage of advanced digital tools. Municipal and
state fire departments are investing in modern firefighter trucks with
multifunctional equipment to increase their efficiency. For instance, in
February 2020, the Los Angeles Fire Department (LAFD) purchased a new hybrid-electric
fire truck from Rosenbauer Group. The truck is integrated with features such as
remote vehicle diagnostics and Wi-Fi connected aerial drones that assist in
monitoring the accident site. Market leaders are emphasizing on forming
strategic partnerships with other industry players to increase their
competencies and revenues. For instance, in August 2019, Volvo Penta partnered
with Rosenbauer to provide an electric drive train for its fire trucks. The
companies aim to leverage this partnership to develop new models of electric
trucks. Companies are also focusing on expanding their presence to meet their
production demands. The study presents attractive insights into the
attractiveness of various regional markets and the trends driving their growth.
On the regional front, North America and Europe are expected to rise at a
moderate pace, attributed to their saturated nature. On the other hand,
developing regions such as Asia Pacific are expected to emerge at a rapid pace
and will contribute substantial revenues to the global market. The high
production capacity of fire trucks in the region, notably China, is fueling the
growth of the Asia Pacific market. Through the forecast period, market players
are expected to witness lucrative opportunities in various economies of the
Middle East and Africa attributed to the notably rising demand from
firefighting departments.
Research
Methodology:
To compile
the detailed study of the global Fire Fighting
Vehicle Market, a robust research methodology has been adopted
that aids in determining the key insights and also evaluates the growth
prospects of the Fire Fighting Vehicle Market.
Comprehensive and iterative research methodology focused on minimizing deviance
in order to provide the most accurate estimates and forecast possible. The
company utilizes a combination of bottom-up and top-down approaches for
segmenting and estimating quantitative aspects of the market. Our research
methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of
sources including trade databases; government published documents, investor
presentations, company annual reports, Industrial papers, and paid databases. To
carry out secondary research, the analysts have collected the information
through company annual reports, journals, company press releases, and paid
databases that were referred to gain and identify better opportunities in the Fire Fighting Vehicle Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Due to ongoing lockdowns
and shutdowns of production units around the world, the COVID-19 epidemic
hampered the expansion of the fire fighting vehicle market. The government was
busy taking measures to limit the spread of the illness, therefore demand for
trucks fell in early 2020. The market, on the other hand, is predicted to
increase steadily during the projection period as economies recover from the
epidemic. The analysts have also focused on the key measures that the companies
are opting to withstand the harsh scenario.
Segment
Covered:
Fire Fighting Vehicle Market report has been segmented By Type, By Application also
includes the market size and forecast for all these segments. Compounded annual
growth rates for all segments have also been provided for 2019 to 2031. This
report is a compilation of first-hand information, qualitative and quantitative
assessment by industry analysts, inputs from industry experts and industry
participants across the value chain.
Key Segments:
Fire Fighting Vehicle Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
Fire Fighting
Vehicle Market, By Vehicle Type, 2022-2031 (USD Million)
·
Tank Pumpers
o Light
Tank Pumpers (<7,49t)
o Medium
Tank Pumpers (7,50t-18t)
o Heavy
Tank Pumpers (>18t)
·
Rescue Vehicle
·
Special Mission Vehicle
·
Aerials
o Turntable
Ladder
o Tower
Ladder
o Hydraulic
Platform
o Tiller
Truck
·
Robots
·
Others
Fire Fighting
Vehicle Market, By Drive Lines, 2022-2031 (USD Million)
·
Petrol /
Diesel
·
Gas (LNG/CNG)
·
Electric
·
Others
Fire Fighting
Vehicle Market, By End use Industry, 2022-2031 (USD Million)
·
Municipal
·
Industrial
·
Airports
·
Military
Report
Highlights:
The prime objective of the Fire Fighting
Vehicle Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Fire Fighting
Vehicle Market, By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Fire
Fighting Vehicle Market:
·
Bronto
·
Danko Emergency Equipment Co.
·
Desautel
·
Empl
·
E-One
·
Gimaex
·
Iturri
·
Lentner
·
Magirus GmbH
·
Morita Group
·
Naffco
·
Oshkosh Corporation
·
REV Group
·
Rosenbauer International AG
·
Schlingmann
·
Spartan Motors
·
Volkan
·
Ziegler Group
·
Zoomlion
·
Others
Fire
Fighting Vehicle Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
· Recent
advancements and technological trends in the industry