Global Special Fire Truck Market Overview:
Fire Trucks are vehicles designed for firefighting operations. Fire trucks market has high growth prospects due to the increasing availability of municipality budgets from governments. This growth can be attributed to factors such as rising awareness about safety coupled with the stable growth in the infrastructure and also the rapid developments witnessed in countries such as China, South Korea, and India. Factors such as increasing demand for Cutting edge fire mechanical coupled with rising consumer spending on fire equipments & safety apparatus at airport terminal will provide a positive scope for the product penetration during the forecasted timeframe. Some of the key players profiled in the study are Rosenbauer (Austria), Oshkosh (United States), Morita Holdings (Japan), Magirus (Germany), E-ONE (United States) and KME (Germany).
On the basis of geography, the market of Special Fire Truck has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
- Rising Demands From Residential and Commercial Purposes
- Growing Urbanisation and Changing Lifestyles.
- Increasing Demand at Asia-Pacific Regions.
- Danger and Damage Associated with Fire Truck.
- Low rate of Replacements
- Increasing Consumption of Fire Trucks at Commercial, Enterprises, and Airports.
- Growing Demand of Advanced Digital Tools and Modern Electronics.
- Aging of Fleets hampers the growth of the market.
Major Market Developments:
In March 2019, LIFELINE Rescue launched new high-performance specialty devices for the fire-fighting industry and other commercial &residential applications. This innovative product offers offshore and utility application. It is also beneficial for a new business portfolio and raise market penetration.
Special Fire Truck Manufacturers, Special Fire Truck Traders, End-Use Market Participants of Different Segments of Special Fire Truck, Government and Research Organizations, R&D Institutions and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Special Fire Truck market on the basis of product [ARFF, Forest Fire Engines, Dangerous Goods Fire Engines, Smoke Car and Others] , application [City Fire Fighting, Industrial Fire Fighting, Fire Fighting in the Wild, Airport Fire Fighting and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Special Fire Truck market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Special Fire Truck industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Gimaex (France), Ziegler Firefighting (Germany), Beijing Zhongzhuo (China) and Tianhe (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Special Fire Truck market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.