According to a new report, published by KBV research, The Global Fire Truck Market size is expected to reach $6.9 billion by 2030, rising at a market growth of 5.5% CAGR during the forecast period.
The Pumpers segment is leading the Global Fire Truck Market by Type in 2022 thereby, achieving a market value of $2.2 billion by 2030. A pumper fire truck is one that can function as both a pumper and a rescue truck. Rescue pumpers can be a fire department's basic response vehicle because of their capability to operate effectively in emergencies and structural fires. Due to the capacity to pump water from external sources like water tankers, wells, and overhead tanks, as well as the fact that they are less expensive than other advanced fire truck models, pumper trucks will become increasingly popular, increasing product demand.
The Military segment has shown the growth rate of 6.8% during (2023 - 2030). The demand for flexible, multifunctional transportation solutions is likely to increase, as is the public's attention to military equipment. The focus of military trucks is on providing technology with higher levels of comfort, durability, and efficiency with the least possible environmental impact. The market for automatic transmissions is expanding as a result of the advantages of fast speed, increased fuel efficiency, and decreased risk of engine failure under heavy loads. Military trucks provide all-terrain, high-speed transportation of personnel, cargo, and other supplies for military use.
The Asia Pacific market dominated the Global Fire Truck Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.6 billion by 2030. The Europe market is experiencing a CAGR of 5.1% during (2023 - 2030). Additionally, The North America market would showcase a CAGR of 4.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/fire-truck-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Rosenbauer International AG, Oshkosh Corporation, Magirus GmbH (Iveco Group NV), Weihai Guangtai Airport Equipment Co., Ltd., Danko Emergency Equipment, E-ONE (REV Group, Inc.), The Shyft Group, Inc., Xuzhou Handler Special Vehicle Co Ltd, Morita Holdings Corporation and Zoomlion Heavy Industry Science & Technology Co., Ltd.
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