Fire Truck Market Technological Advancement and Growth Analysis with Forecast To 2027
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.
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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.
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 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.
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
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. Fire truck market estimates and forecast, 2016 - 2026
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