Fire Truck Market Size By Product (Aerial Truck, Pumper, Tanker), By Application (Residential and Commercial, Airport, Military), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020-2026

Published Date: Oct 2020  |  Report ID: GMI4834  |  Authors: Preeti Wadhwani, Prasenjit Saha

Report Format: PDF   |   Pages: 160   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Fire Truck Market size exceeded USD 4.5 billion in 2019 and is projected to grow at a CAGR of over 5% between 2020 and 2026. The emerging market trend of integrating advanced technologies such as telematics and Artificial Intelligence (AI) in fire trucks is anticipated to drive the industry growth.
 

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 trucks can quickly respond to such accidents with advanced rescue equipment.
 

Fire Truck Market

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Stringent regulations coupled with increasing awareness related to the harmful effects of vehicular emissions have led to the introduction of electric fire trucks. Increasing R&D investments by manufacturers to commercialize electric versions of these trucks are providing market opportunities. Several market players are conducting prototype tests of electric fire trucks for their potential commercialization.
 

One of the major industry challenges impacting the fire truck market revenue is the high cost of these trucks. Fire trucks are manufactured with high-quality components and raw materials to offer high durability in harsh operating conditions. These trucks are also equipped with more tools such as ladders, hoses, self-contained breathing apparatus, hydraulic rescue equipment first aid kits, and ventilating equipment. These tools further add to the increasing cost of purchasing these trucks. The market demand is also restricted by a limited number of private sector companies operating in the fire rescue industry.
 

The market is witnessing slow growth in 2020 due to the rapid spread of the COVID-19 pandemic. Manufacturers are facing a decline in demand as government authorities are allocating additional funds for the treatment of patients and containing the spread of the virus. Moreover, the shortage of raw materials due to restrictions on international trades is adversely impacting the production capabilities of industry players. The market is expected to witness steady demand with a reduction in the global impact of the virus.
 

Fire Truck Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 4.5 Billion (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 5% 2026 Value Projection: 6.5 Billion (USD)
Pages: 160 Tables, Charts & Figures: 218
Geographies covered (14): U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, South Africa
Segments covered: Product, Application
Companies covered (13): Albert Ziegler GmbH, BAI Brescia Antincendi International SRL, Beijing Zhongzhuo Fire Fighring Equipment Co., Ltd., Gimaex GmbH, Magirus GmbH, Morita Holdings Corporation, Pierce Manufacturing, Inc., Rev Group, Inc, Rosenbauer International AG, Sichuan Chuanxiao Fire-Fighting Vehicle Co., Ltd., Spartan, Inc, W. S. Darley & Co., WAWRZASZEK ISS SP Z O O SPÓLKA KOMANDYTOWA
Growth Drivers:
  • Government investments for upgradation of fire truck fleets in North America
  • Growing demand for low emission fire trucks in Europe
  • Increasing investments in disaster management activities Asia Pacific
  • Rising awareness related to fire safety in Latin America
  • Stringent fire safety regulations in MEA
Pitfalls & Challenges:
  • High initial and maintenance cost of fire trucks

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Increasing demand for low-cost pumper trucks

The U.S. pumper fire trucks market valued at over USD 400 million in 2019. The ability of pumper trucks to pump water from external water sources, such as water tankers, overhead tanks, and wells, is improving their adoption. A high level of customization and wide variety of pumper trucks offered by several OEMs will further propel the market demand through 2026.
 

The low cost of pumper trucks compared to other advanced fire truck models is also fueling the demand. Manufacturers are improving their revenues by launching new models of pumper trucks in the market. For instance, in April 2019, Spartan Emergency Response introduced a new pumper truck model, the IPS-NXT at the Fire Department Instructors Conference (FDIC) in the U.S. The new truck is equipped with a highly maneuverable platform and a technologically advanced protection system that enhances the safety of firemen while combatting fire mishaps.
 

Growing demand for fire trucks in the residential & commercial sector to drive market revenue

Fire Truck Market Size

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The UK residential & commercial application segment captured around 50% market share in 2019. Increasing number of fire accidents in residential & commercial areas to propel the segment growth.
 

Rising investments in advanced firefighting equipment in North America

North America Fire Truck Market Share

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The North America fire truck market size crossed more than USD 900 million revenue in 2019. Increasing government investments in technologically advanced fire trucks are providing robust scope for the regional market growth. The growing number of fatal fire accidents in the region is encouraging government authorities and fire departments to regularly upgrade their fire truck fleet with the latest models, significantly influencing the market statistics.
 

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.
 

The truck is also equipped with a back-up diesel engine for emergency situations, in case the batteries run out of charge. Shifting focus of local fire departments toward improving their operating efficiency is driving market revenues.
 

A strong emphasis on partnership and business expansion strategies by fire truck industry players

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.
 

Key players operating in the fire truck market include Albert Ziegler GmbH, BAI Brescia Antincendi International SRL, Beijing Zhongzhuo Fire Fighting Equipment Co., Ltd., Gimaex GmbH, Magirus GmbH, Morita Holdings Corporation, Pierce Manufacturing, Inc., Rev Group, Inc., Rosenbauer International AG, Spartan, Inc., W. S. Darley & Co., and WAWRZASZEK ISS SP Z O O SPÓLKA KOMANDYTOWA.
 

This market research report on fire truck includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2020 to 2026 for the following segments:

Market, By Product

  • Aerial Truck
  • Pumper
  • Tanker
  • Others

Market, By Application:

  • Residential & Commercial
  • Airport
  • Military

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa

 

Frequently Asked Questions (FAQ) :

In 2019, the global fire truck market size was worth USD 4.5 billion, and it may record 5% CAGR through 2026, driven by the integration of AI & telematics in fire trucks.
The U.S. pumper fire trucks market size in 2019 was USD 400 million. The product demand will increase on account of the ability of pumper trucks to efficiently pump water from external water sources, such as overhead tanks and water tankers.
The UK residential & commercial application segment accounted for 50% market share in 2019. The growth can be credited to the rising number of fire accidents across residential & commercial areas.
The North America fire truck market size, in 2019, exceeded USD 900 million. The growth can be attributed to the rising investments by the governments in technologically advanced fire trucks.

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Premium Report Details

  • Published Date: Oct 2020
  • Pages: 160
  • Tables: 199
  • Charts / Figures: 19
  • Companies covered: 13
  • Countries covered: 14

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