Fire Truck Market 2020-2026; Growth Forecast & Industry Share Report

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Fire Truck Market 2026 Regional Trend, Revenue
Growth Forecast
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Key Insights Fire Truck Market

• The global fire truck market is projected to
  foresee immense growth over the coming years due
  to the rising demand for a more rapid response to
  fire-related accidents across residential,
  commercial, military, and airport locations. The
  tremendous loss of property and life caused by
  fire accidents annually is further expected to
  augment the overall industry size.
• Given the growing instances and scale of
  wildfires across the globe, a sophisticated and
  robust firefighting infrastructure is quickly
  becoming the need of the hour. In January of
  2020, AccuWeather Inc. estimated, that the total
  economic loss and damage caused by the 2019-2020
  Australia wildfires would reach the 110 billion
  mark. Over the coming years, wildfires are
  projected to become more damaging and frequent,
  which would greatly contribute towards the
  industry growth.

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Continued

• in terms of product, the tanker fire truck
  segment is projected to observe significant
  growth over the coming years. This is attributed
  to the ability of these tankers to store and
  transport large volumes of water.
• Growing use of such tanker fire trucks to
  transport water in large quantities to regions
  that have a scarcity of fire hydrants and
  external water resources is positively impelling
  their demand in the market.

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Major Companies Fire Truck Market

• International AG
• Spartan Inc.
• Rev Group Inc.
• Morita Holdings Corporation
• Pierce Manufacturing Inc

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Regional Fire Truck Market

• On the regional front, the increasing adoption of
  fire trucks across commercial spaces and airports
  is projected to drive Asia Pacific fire truck
  market trends. Airport authorities across
  economies like China, Japan, and India are
  investing heavily towards the adoption of new
  fire trucks to decrease response time required
  during fire accidents. Taking April 2018 for
  instance, the Airport Authority of India made a
  new investment in Rosenbauer Panther 6x6 truck
  with an aim to increase Bangalore airports fire
  safety.
• Apart from the Asia Pacific, the Latin America
  fire truck industry is also projected to observe
  significant expansion over the coming years. The
  growth projection is ascribed to the emergence of
  new players and increasing competition in the
  regional market. These new industry players are
  increasingly launching new product modules in
  order to gain a competitive edge over other
  enterprises and consolidate their foothold in the
  industry.

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