The latest market report published by Constancy Researchers “Global Fire Truck Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities,Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Fire Truck Market: Overview
The global fire truck market was valued at over US$ XX Billion in 2020 and is estimated to grow at a CAGR of 5.1% during the forecast period. The global fire truck market is anticipated to witness substantial growth in the years to come due to the growing government investments for up gradation of fire trucks in developed economies along with rising safety awareness in emerging economies of Latin America and Asia Pacific. The growing demand for low emission fire trucks in European countries along with stringent fire safety regulations in the Middle East & Africa (MEA) are some other key factors for the growth of the global fire truck market during the forecast period. Moreover, the increased investments in disaster management activities is one of the key opportunities for the global fire truck market over the upcoming years. Besides, the high initial cost is one of key factors estimated to hamper the global fire truck market growth in the years to come.
Global Fire Truck Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global fire truck market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global fire truck market, the demand for fire truck has decreased due to haltin the manufacturing industry worldwide.
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Global Fire Truck Market: Report Highlights
- Based on the product, the pumpers category had a substantial share in 2020 antis estimated to witness significant growth during the forecast period.
- On the basis of application, in the fire truck market, the residential and commercial category had a major share and is estimated to witness substantial growth over the upcoming years due to the rising global population.
- Based on the regional analysis, Asia Pacific dominated the market in 2020 and is projected to grow at the substantial rate during the forecast period. This is majorly due to presence of key market players in the region along with rising demand for fire trucks in the emerging economies due to rising population.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global fire truck market.
- As per the research by Constancy Researchers Private Limited, the global fire truck market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Fire Truck Market
- Rosenberg International AG
- Oshkosh Corporation
- Magics GmbH
- Spartan Motors
- Morita Holdings Corporation
- REV Group
- Naffco
- Ziegler Group
- Danko Emergency Equipment, Co.
- Zoomlion Heavy Industry Science & Technology Co. Ltd
- Others
Global Fire Truck Market: Segmentation
Constancy Researchers Private Limited has segmented the global fire truck market on the basis of product, application, and regional analysis-
Global Fire Truck Market: By Product
- Pumpers
- Tankers
- Rescue Fire Trucks
- Aerial Platform
- Other Specialty Trucks
Global Fire Truck Market: By Application
- Residential & Commercial
- Enterprises & Airports
- Military
- Others
Global Fire Truck Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
