A fire truck is a kind of vehicle that is basically designed for various firefighting operations. Firefighting trucks play a crucial role in road accidents, fire rescue operations and airport crash accidents. Continuous development in technology, such as improving the safety, reliability, and efficiency of firefighting vehicles has been one of the most important driving factor responsible for the growth of this market. Demand for fire trucks is expected to rise significantly during the forecast period.
MARKET SCOPE
The "Global Fire Truck Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the fire truck market with detailed market segmentation by type, end-user, and geography. The report provides key statistics on the market status of the leading fire truck market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on type, the global fire truck market is segmented into tankers, pumpers, aerial platforms, rescue and others.
? On the basis of end-user, the market is segmented into residential and commercial, military, airports and others.
MARKET DYNAMICS
Drivers:
? Increasing awareness regarding safety and security.
? Rising urbanization and increasing disposable income to boost market growth of fire trucks market.
? Growing demand for multi-tasking trucks which can serve various emergency needs.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The fire truck market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the fire truck market in these regions.
IMPACT OF COVID-19 ON FIRE TRUCK MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. This pandemic led to economic crisis for many governments all over the world. So, the expenditure was more inclined towards health infrastructure and medical facilities. Owing to this, the growth of the fire truck market is hit to a considerable extent.
MARKET PLAYERS
The report covers key developments in the fire truck market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from fire truck market are anticipated to lucrative growth opportunities in the future with the rising demand for fire trucks in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fire truck market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Albert Ziegler GmbH
? BOISE MOBILE EQUIPMENT INC.
? Danko Emergency Equipment, Co.
? GIMAEX
? MORITA HOLDINGS CORPORATION
? Oshkosh Corporation
? REV Group
? Rosenbauer International AG
? Spartan Motors, Inc.
? Zoomlion Heavy Industry Science and Technology Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.