Fire
trucks are trucks used for firefighting operations. Such trucks carry
a number of tools and equipments in addition with water for
firefighting operations such as first aid kits, hydraulic rescue
tools, self-contained breathing apparatus, ventilating equipments and
ladders. Moreover, it helps to transport firefighters to the spot of
incident, allowing them to provide emergency medical services by
conducting rescue operations. Advanced fire trucks are fitted with
audible and visual warning systems along with communication systems
such as two-way radios and mobile computer technology. Some of the
major application areas of fire trucks include residential,
commercial, airport and military.
One
of the major factors driving the growth of fire
trucks market is the advanced in automotive technology. Fire
trucks equipped with modern equipments and advanced electronics can
perform critical tasks at a short period of time. Advancement in the
technology of manufacturing fire trucks is bound to improve the
quality and efficiency of such trucks. Increasing fire hazards,
wildfire in forests and natural calamities are the major influential
factors governing the growth and usage of fire trucks. Moreover,
increasing development and rise in the fire department’s budget of
various countries is the other major factor driving the growth of
fire trucks market, globally. The only major inhibiting factor of the
fire trucks market is the low rate of replacement of fire trucks.
Ageing fleet of fire trucks are not being replaced after a specific
period of time, due to which new and advanced fire trucks are not
finding much use. This is not only going to affect the growth of the
overall fire trucks market globally but also hamper the efficiency in
fire operations conducted in times of emergency.
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The
fire trucks market can be classified by type, by application and by
geography. The type segment can be classified into mini pumpers,
multi-tasking trucks, rescue and mini tanker. By application, the
market can be segregated as residential, commercial, airport,
military and others. By geography, the market can be segmented into
North America, Europe, Asia Pacific, Middle East and Africa and Latin
America.
In
the fire trucks market, Asia Pacific holds the largest market share
in terms of revenue followed by North America, Europe, Latin America
and, Middle East and Africa (MEA). In the Asia Pacific region,
countries such as Japan, China, South Korea and India has been the
major contributors to the fire trucks market. China’s high
production capacity coupled with low labor cost and availability of
raw materials make it the most significant fire trucks market in the
world. The market in North America and Europe tends to be a bit
saturated but the market is expected to remain stable during the
forecast period. By the end of the forecast period, Middle East and
Africa, and Latin America are expected to show significant growth,
considering the increasing demand for fire trucks.
The
report also provides company market share analysis of the various
industry participants. Acquisition is the main strategy being widely
followed by leading market players. In case of an acquisition, the
acquirer takes advantage of existing synergies. As a result, both
companies are expected to emerge more profitable and stronger than
before. Key players in the global fire trucks market have been
profiled and their company overview, financial overview, business
strategies and recent developments have been covered in the report.
Major market participants profiled in this report include: Oshkosh
Corporation, Rosenbauer International AG, Magirus GmbH, Weihai
Guangtai, Danko Emergency Equipment Co., Spartan Motors, E One Inc.,
Xuzhou Handler Special Vehicle Co. Ltd., Bronto Skylift Oy, ZoomLion,
Morita Group, Alexis Fire Equipment Co., Boise Mobil Equipment, Inc.,
W. S. Darley & Co., Albert Ziegler GmbH, Gimaex International and
KME among others.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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