The size of fire truck market was registered at USD 4.5 billion in the year 2019 and is anticipated to cross USD 6.5 billion by 2026. Between the period 2020-2026, the market is expected to register a CAGR of 5%.

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.

Get sample copy of this research report @    https://www.decresearch.com/request-sample/detail/4834

The number of fire accidents and mishaps in commercial, industrial and residential sectors is on a rise, which could propel the global demand for advanced firefighting trucks and equipment. Driven by growing demand, fire truck manufacturers are investing in R&D to develop new variants of fire trucks. For example, in 2018, leading fire truck maker, Morita Holdings Corporation announced the exhibition of advanced fire trucks, fire extinguishers and fire extinguishing equipment created with cutting-edge technology that will be useful in different types of disasters.

The tanker fire truck segment is likely to witness significant demand owing to the ability of tanker trucks to retain large volumes of water. Tanker fire trucks are mostly preferred due to their ability to carry large amounts of water to locations which have a scarcity of external water sources and fire hydrants. As to these features, several rural counties are replacing their aged fire trucks with newer tanker models. In 2020, The County of Vermilion River added a new water tanker to the Vermilion Fire Department fleet. The tanker fire truck has a large water storage capacity of 3,000-gallon and includes a front-mounted turret, which can be controlled via a joystick.

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 airport’s fire safety.

Apart from the Asia Pacific, the Latin America fire truck market 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. 

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.

Get This Report Customized To Your Requirements @  https://www.decresearch.com/roc/4834

Some Point from Table of Contents:

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

Browse complete Table of Contents (ToC) of this research report @

https://www.decresearch.com/toc/detail/fire-truck-market