The global fire truck market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. One of the key factors that are fueling the market is the active participation of market players in the market which has increased the competitiveness in the market. This has resulted in the rising adoption of various strategic initiatives such as new launches, agreements, acquisitions, partnerships, and innovations that are contributing to the growth of the market. Some of the recent instances that occurred include-
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Based on application, the residential and commercial segment is anticipated to grow significantly in the market during the forecast owing to the high number of fire incidents in the segment which also includes forest and municipal bodies fire fighting applications. For instance, in 2020, as per the National Fire Protection Association of the US, a fire department takes action against a fire every 23 seconds on average. A household fire death occurred every 3 hours and 24 minutes, a household fire had been reported every 89 seconds, and a home fire injury occurred every 46 minutes. Similar situations have been observed across the globe. In several residential and commercial reported fire events across the globe, the fire event destroys the property and lives of the people. For instance, in May 2021, the Indian government inspected numerous fire cases situated in Delhi and observed that most fire events arrived owing to illegal housing factories in the city, and lack of safety gear in commercial establishments continued as a vital factor, which derived fire cases in Delhi.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Fire Truck Market Report Segment
By Type
- Rescue Trucks
- Tanker
- Pumper
- Multi-Tasking Trucks
By Application
- Residential and Commercial
- Enterprises and Airports
- Military
Global Fire Truck Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global fire truck market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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