Global Fire Truck Market to Reach USD 13,304.45 Million by 2031 | CAGR of 5.4%
Category : Automotive | Published Date : Nov 2024 | Type : Press Release
Fire Truck Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Fire Truck Market size was valued at USD 8,750.30 million in 2023 and is projected to grow at a CAGR of 5.4%, reaching USD 13,304.45 million by 2031. Fire trucks are specialized vehicles designed for firefighting and emergency response, equipped with essential tools such as water pumps, hoses, ladders, and storage compartments. Modern fire trucks integrate advanced technologies, including thermal imaging cameras, foam suppression systems, and high-pressure water pumps, to enhance operational efficiency.
The report comprises the Fire Truck Market Share, Size & Industry Analysis, based on Type (Aerial Fire Trucks, Pumper Fire Trucks, Rescue Fire Trucks, Tanker Fire Trucks, Wildland Fire Trucks, Others), Application (Municipal, Industrial, Commercial, Airport Vehicle Security, Military), Capacity (Up to 500 Gallons, 500-1000 Gallons, Above 1000 Gallons), End-User (Government & Municipal Bodies, Industrial Facilities, Airports), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on Fire Truck Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing investments in advanced firefighting technologies and growing urbanization are driving market growth, while high maintenance costs of modern fire trucks pose challenges.
Segmental Analysis :
Based on type, the market is segmented into Aerial Fire Trucks, Pumper Fire Trucks, Rescue Fire Trucks, Tanker Fire Trucks, Wildland Fire Trucks, and Others.
- The aerial fire trucks segment accounted for the largest revenue share of 28.30% in 2023, driven by their capability to handle high-rise fires and complex urban firefighting scenarios.
- The tanker fire trucks segment is projected to grow at the fastest rate, supported by their capacity to transport large volumes of water to remote areas with inadequate water supply.
Based on application, the market is segmented into Municipal, Industrial, Commercial, Airport Vehicle Security, and Military.
- The municipal segment held the largest share in 2023, attributed to the rising investments in upgrading municipal firefighting fleets and disaster preparedness initiatives.
- The airport vehicle security segment is anticipated to register the fastest CAGR, driven by increasing air traffic and stringent international safety standards requiring advanced firefighting solutions.
Based on capacity, the market is categorized into Up to 500 Gallons, 500-1000 Gallons, and Above 1000 Gallons.
- The 500-1000 gallons segment dominated the market in 2023, supported by its versatility in addressing urban and suburban firefighting needs.
- The above 1000 gallons segment is expected to grow significantly, fueled by its critical role in managing large-scale industrial fires and wildfires.
Based on end-user, the market is segmented into Government & Municipal Bodies, Industrial Facilities, and Airports.
- The government & municipal bodies segment dominated the market in 2023, driven by extensive government investments in modernizing firefighting fleets.
- The airports segment is projected to grow rapidly, supported by the adoption of advanced firefighting vehicles equipped with specialized technologies for aviation safety.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- Asia-Pacific: Held the largest market share in 2023, with China accounting for 41.2% of the revenue, driven by rapid urbanization, infrastructure development, and stringent fire safety regulations.
- North America: Expected to grow steadily, supported by the replacement of aging fleets and advancements in firefighting technologies.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 13,304.45 Million |
| CAGR (2024-2031) | 5.4% |
| Type | Aerial Fire Trucks, Pumper Fire Trucks, Rescue Fire Trucks, Tanker Fire Trucks, Wildland Fire Trucks, Others |
| Application | Municipal, Industrial, Commercial, Airport Vehicle Security, Military |
| Capacity | Up to 500 Gallons, 500-1000 Gallons, Above 1000 Gallons |
| End-User | Government & Municipal Bodies, Industrial Facilities, Airports |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Fire Truck Industry:
- Rosenbauer International AG (Austria)
- Pierce Manufacturing Inc. (USA)
- E-ONE (USA)
- KME Fire Apparatus (USA)
- Ferrara Fire Apparatus (USA)
- Sutphen Corporation (USA)
- GIMAEX (France)
- Bristol Fire Engineering (United Arab Emirates)
- Romprim (Romania)
- Fire & Safety Services, Ltd. (USA)
Recent Industry Developments :
- March 2023: The St. Paul Fire Department procured an electric fire truck from Rosenbauer America to enhance sustainability and operational efficiency.
- November 2023: SRP partnered with Gilbert Fire & Rescue Department to launch Arizona's first electric fire truck, manufactured by Pierce Manufacturing.
- January 2024: Volvo Trucks introduced its first fully electric truck for urban firefighting, emphasizing reduced emissions and improved safety.
