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    Fire Truck Market Report | Covid-19 Impact Analysis

    Fire Truck Market Report | Covid-19 Impact Analysis
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    Fire Truck Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026
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    Impact of COVID-19 on Fire Truck Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Fire Truck Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Fire Truck Market Insights

    Fire Truck Market is likely to witness an impressive CAGR of 5.5% during the forecast period. The emerging market trend of integrating advanced technologies such as telematics and artificial intelligence in fire trucks and growing number of fire incidents and mishaps globally are some of the major factors driving the fire truck market growth during the forecast period.

    Fire Truck Market – Snapshot

    Growth

    5.5% for the next five years

    Major Product Type

    Pumper

    Dominant Application Type

    Residential & Commercial

    Region with the highest demand

    North America

    Key Players

    Albert Ziegler GmbH, BAI Brescia Antincendi International SRL, Gimaex GmbH, Magirus GmbH, Morita Holdings Corporation, Rev Group, Inc., Rosenbauer International AG, Sichuan Chuanxiao Fire Trucks Manufacturing Co., Ltd., Spartan, Inc., and W. S. Darley & Co.

     

    Market Share Analysis

    Fire-Truck-Market-Dominant-Segments

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    Fire Truck Market Share: By Product Type

    Based on the product type, the market is segmented as aerial truck, pumper, tanker, and others. The pumper segment accounted for the major share of the market in 2020. Pumper trucks are able to pump water from external water sources, such as water tankers, wells, and overhead tanks, and are also of low cost as compared to other advanced fire truck models, fueling their adoption and product demand during the forecast period.

    Fire Truck Market Share: By Application Type

    Based on the application type, the market is segmented as residential & commercial, airport, and military. The residential & commercial application type is expected to hold the major share of the market during the forecast period owing to the growing incidence of fire accidents, thus increasing demand for fire trucks in the residential & commercial areas, accelerating the market growth.

    Fire Truck Market Share: By Region

    In terms of regions, North America is estimated to account for the major share of the market during the forecast period owing to increase in government investments in fire trucks with enhanced technologies and growing number of fatal fire accidents in the region. Factors such as growing awareness of upgrading fire truck fleet with the latest models having multifunctional equipment to increase their efficiency and shifting inclination of local fire departments towards enhancing their operating efficiency are further expected to accelerate the regional market growth over the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.  

    Fire-Truck-Market-By-Region

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    Some of the key players in the fire truck market are-

    • Albert Ziegler GmbH
    • BAI Brescia Antincendi International SRL
    • Gimaex GmbH
    • Magirus GmbH
    • Morita Holdings Corporation
    • Rev Group, Inc.
    • Rosenbauer International AG
    • Sichuan Chuanxiao Fire Trucks Manufacturing Co., Ltd.
    • Spartan, Inc.
    • W. S. Darley & Co.

     

    Market Scope & Segmentation

    Fire truck is basically an automotive vehicle which carries firefighting equipment. It has a hydraulic system that operates a large, heavy-duty ladder mounted on top of the truck body, space for portable ladders to be stored and also has compartments to hold other tools if needed.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Fire Truck Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The fire truck market is segmented into the following categories. 

    Fire Truck Market Size, Share, & Forecast, by Product Type:

    • Aerial Truck (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pumper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Tanker (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Fire Truck Market Size, Share, & Forecast, by Application Type:

    • Residential & Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Airport (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Fire Truck Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Fire-Truck-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The fire truck market is expected to witness an impressive growth of 5.5% CAGR in the foreseeable future.

    Albert Ziegler GmbH, BAI Brescia Antincendi International SRL, Gimaex GmbH, Magirus GmbH, Morita Holdings Corporation, Rev Group, Inc., Rosenbauer International AG, Sichuan Chuanxiao Fire Trucks Manufacturing Co., Ltd., Spartan, Inc., and W. S. Darley & Co are among the key players in the Fire Truck Market.

    North America is expected to account for the major share of the fire truck market during the next five years.

    The residential & commercial application is expected to hold the major share of the fire truck market in the coming years.

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