Fire Truck Market Forecast Analysis by 2026

By Ronak Bora

Latin America fire truck market is 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. 
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.
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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.
Speaking of market players, recently, the fire truck market has been witnessing increasing instances of partnerships and collaborations wherein companies are teaming up with other firms to offer enhanced services. Under such collaborations companies are also focusing on launching new fire truck models that incorporate additional features. This emerging trend is expected to be a notable factor that would influence product adoption decisions in the market, thereby shaping the overall industry outlook.
Taking July 2020 for instance, Volvo Penta, a renowned engine developer, reportedly teamed up with Rosenbauer International, a leading fire service vehicle manufacturer, to develop an electric driveline for the company’s pioneering fire trucks. The driveline enables an innovative solution that has reduced noise levels and zero exhaust emissions. The truck, named “Revolutionary Technology (RT)” features the best ergonomics, safety, functionality, high loading volumes, small dimensions, and unique agility.
The competitive landscape of the fire truck market is inclusive of players such as W. S. Darley & Co., Rosenbauer International AG, Spartan, Inc., Rev Group, Inc., Morita Holdings Corporation, Pierce Manufacturing, Inc. (Oshkosh), Gimaex GmbH, and BAI Brescia Antincendi International SRL among others.
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Partial Chapter of the Table of Content
Chapter 4. Fire Truck Market Competitive Landscape, 2019
4.1.    Introduction
4.2.    Company market share analysis, 2019
4.3.    Key player analysis
Chapter 5. Fire Truck Market, By Product (Revenue & Shipment)
5.1.    Key trends by product
5.2.    Aerial truck
5.2.1. Market estimates and forecast, 2016 – 2026
5.3.    Pumper
5.3.1. Market estimates and forecast, 2016 – 2026
5.4.    Tanker
5.4.1. Market estimates and forecast, 2016 – 2026
5.5.    Others
5.5.1. Market estimates and forecast, 2016 – 2026
Chapter 6. Fire Truck Market, By Application (Revenue & Shipment)
6.1.    Key trends by application
6.2.    Residential & commercial
6.2.1. Market estimates and forecast, 2016 - 2026
6.3.    Airport
6.3.1. Market estimates and forecast, 2016 – 2026
6.4.    Military
6.4.1. Market estimates and forecast, 2016 - 2026
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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