Fire Trucks Market Size, Share, Trends, Growth 2030

Fire Trucks Market Industry Perspective

The global fire trucks market size was evaluated at $11.1 Billion in 2022 and is slated to hit $31.2 Billion by the end of 2030 with a CAGR of nearly 6.7% between 2023 and 2030.

The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

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Fire Trucks Market: Overview

Fire trucks are vehicles designed for firefighting operations and are referred to as fire engines. They are also used during medical exigencies and rescue operations such as fire safety. These vehicles are useful to transport the firefighters to the affected location, carry water for extinguishing fire, and transport instruments including ladders, ventilating equipment, hydraulic rescue tools, self-contained breathing apparatus, and first aid kits. These fire trucks are equipped to combat myriad kinds of contingencies and assist in saving the lives of the people. Reportedly, the product manufacturers are increasing their fire truck product line for addressing the growing challenges of firefighting and rescue operations.

Key Insights

• As per the analysis shared by our research analyst, the global fire trucks market is projected to expand annually at the annual growth rate of around 6.7% over the forecast timespan (2023-2030)
• In terms of revenue, the global fire trucks market was evaluated at nearly $11.1 billion in 2022 and is expected to reach $31.2 billion by 2030
• The global market is anticipated to record massive growth over the forecast period owing to rising safety concerns and the introduction of new disaster management policies
• Based on product type, the rescue fire trucks segment to account for the major share of the global market over the forecast timeline
• In terms of application, the residential & commercial segment is predicted to account for a major share of the global market during the analysis timeframe.
• Region-wise, the Asia-Pacific fire trucks market is projected to contribute majorly towards the global market share over the assessment period.

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Fire Trucks Market: Growth Factors

Increasing product penetration in residential & commercial spaces to bolster the global market growth over 2023-2030

Growing safety concerns and a prominent increase in fire-related accidents will prompt the expansion of the global fire trucks market. Rising safety concerns and the introduction of new disaster management policies will push the expansion of the global market. A prominent increase in residential & commercial construction activities will bolster the demand for fire trucks in the ensuing years. Rise in the allocation of funds by key industry players for producing advanced fire truck fleets will spur global market trends. Increase in new product development and a rise in production capacity of firms for manufacturing more fleet trucks to fulfill the escalating product demand will augment the size of the global market. Citing an instance, in the first half of 2022, Norvenich, a town in Germany, received a large number of fire truck fleets from Rosenbauer Group.

Moreover, a large number of key industry players have launched electric fire vehicles aimed at reducing noise and hazardous fuel emissions. This will further contribute to the growth of the fire trucks market across the globe. Moreover, electric fire vehicles or electric fire trucks offer a technologically advanced platform to the personnel carrying out firefighting operations so that they can perform rescue operations in a proficient manner. For instance, Rosenbauer Group demonstrated a range of fire trucks equipped with electric aerial ladders.

Fire Trucks Market: Hindrances

Demand for high fund allocation & need for consistent product maintenance to halt the global industry surge

Need for huge capital & initial costs incurred during fire truck production will inhibit the expansion of the global fire trucks industry. Apart from this, the installation of fire safety equipment in buildings and the use of IoT technology will further put brakes on the global industry surge in the upcoming years.  High maintenance costs can prove to be a major impediment to the growth of the fire trucks industry.

Fire Trucks Market: Opportunities

Rise in government investments for manufacturing fire trucks fleet to create new growth opportunities for the global market

Increase in budget allocation by various governments for producing fire & safety equipment along with huge investments in research activities pertaining to developing of advanced fire safety equipment will open new vistas of growth for the global fire trucks market. Use of new technologies, digital tools, and modern electronic devices in fire trucks will help the fire trucks market explore new facets of growth in the years to come.

Fire Trucks Market: Challenges

Problems faced by intercoolers in engines leading to heating issues in engines to be a major challenge for the global industry

Heating issues in engines and issues pertaining to intercoolers in engines of these fire trucks have posed a huge challenge to the expansion of the global fire trucks industry in recent years. Aging fleets and the need for replacing them with new ones as well as a shortage of fire trucks in both emerging & developed economies can prove to be the greatest challenge in the expansion of the global fire trucks industry.

Fire Trucks Market: Segmentation

The global fire trucks market is sectored product type, application, and region.

In terms of product type, the global fire trucks industry is divided into aerial platforms, pumpers, tankers, rescue fire trucks, and other specialty trucks segments. Apparently, the rescue fire trucks segment, which accounted for a major market share in 2022, is set to dominate the segmental surge during the forecast timespan. The segmental surge can be owing to equipping of fire trucks with ground ladders, Hurst tools, rescue ropes, specialized saws, and harnesses in rescue operations.

Based on the application, the fire trucks industry is bifurcated into military, wild land, enterprise & airports, and residential & commercial segments. Furthermore, the residential & commercial segment, which accounted for the highest share of the global industry in 2022, is set to register the highest CAGR of more than 6.8% during the forecast period. The growth of the segment over the analysis timeline can be due to a rise in the population across the globe and an increase in residential & commercial constructions globally. Strict implementation of laws related to fire safety in residential & commercial sectors will expand the demand for fire trucks in these sectors.

Recent Breakthroughs:

• In August 2021, EV Fire Group launched an all-electric E-one vector fire truck. The new product is likely to increase the cost-savings and efficacy of fire extinguishing & rescue operations. The move will make notable contributions towards the growth of the global fire trucks market in the next decade.
• In June 2021, Oshkosh Corporation, a key U.S.-based firm that manufactures specialty trucks, defense vehicles, and airport fire equipment, unleashed Volterra™ platform of electric automotive with the launching of two new fire trucks in fire & emergency segment under Oshkosh Airport and Pierce Manufacturing Product brands. Earlier, Pierce Manufacturing had launched Pierce® Volterra pumper, a zero-emission pumper. Moreover, it first electric fire truck to be in service in North America as it is in service with Fire Department of Wisconsin in Madison city in the U.S. Such initiative will enlarge the scope of the demand and growth of the fire trucks market in North America.
• In the first half of 2022, Brihannamumbai Municipal Corporation in India drafted plans for procuring nearly 36 firefighting vehicles that comprised 22 quick response firefighting trucks that can perform multi-purpose operations & 14 firefighting rescue trucks for Mumba Fire Brigade. The strategic initiative is likely to scale up the growth of the fire trucks market in India and across the Asia-Pacific region.

Fire Trucks Market Report Scope:

Fire Trucks Market: Regional Insights 

Fire trucks market in the Asia-Pacific to experience an enormous expansion over 2023- 2030

The Asia-Pacific region, which contributed nearly 40% of the overall fire trucks market share in 2022, is set to retain its regional market domination over the ensuing years. The growth of the regional market in upcoming years can be due to the presence of low-cost product manufacturers in countries such as China. In addition to this, escalating product penetration across the residential and commercial sectors in countries such as India, China, and South Korea will proliferate the regional market size. In addition to this, China is the largest producer and consumer of fire trucks globally. Its fire truck production & supply is impacted by low production and raw material costs and strong & cost-efficient supply chain activities.

Furthermore, the North American fire trucks industry is projected to witness a mammoth growth over the forecasting timespan. The regional market expansion from 2023 to 2030 can be due to the burgeoning demand for products in residential & commercial spaces in the sub-continent. Apart from this, demand for new fire safety equipment in countries such as the U.S. will further augment the regional industry demand.

The growth of the Middle East and Africa and European markets are predicted to be influenced by high product penetration in military and defense sectors. Apart from this, an increase in cases of short circuits leading to fire outbreaks in these regions will further contribute to the regional market growth in the coming years.  

Fire Trucks Market: Competitive Space

The global fire trucks market profiles key players such as:

• Precision Fire Apparatus
• Pierce Manufacturing
• Oshkosh Corporation
• KME
• ZoomLion
• Steele Fire Apparatus
• Danko Emergency Equipment Co.
• Albert Ziegler GmbH
• E-One Inc.
• Rosenbauer International AG
• Spartan Motors
• Morita Group
• BME Fire Trucks
• Xuzhou Handler Special Vehicle Co. Ltd.
• Keystone Fire Apparatus Inc.
• Seagrave Fire Apparatus Inc.
• Angloco Limited
• Bronto Skylift Oy
• Ferrara Fire Apparatus
• Alexis Fire Equipment Co
• W.S Darley & Co.
• Gimaex International.

The global fire trucks market is segmented as follows:

By Product Type

• Pumpers
• Rescue Fire Trucks
• Aerial Platforms
• Tankers
• Other Specialty Trucks

By Application

• Military
• Enterprise & Airports
• Wild Land
• Residential & Commercial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa