Global Fire Trucks Market 2019-2023 | Development of Electric Fire Trucks to Boost Market Growth | Technavio

LONDON--(BUSINESS WIRE)--Nov 7, 2019--

The global fire trucks market size is expected to post a CAGR of about 4% during 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global fire trucks market 2019-2023. (Graphic: Business Wire)

The growing adoption of new-generation fire trucks is one of the key factors expected to trigger the fire trucks market growth during the forecast period. Fire truck manufacturers and firefighting service providers prefer new-generation, small-sized trucks that can maneuver easily through narrow roads. Modern fire trucks are also equipped with medical and emergency equipment. In addition, key manufacturers are also creating purpose-built fire truck designs such as the aerial fire trucks and pumper fire trucks, suitable for urban areas. New-generation fire trucks are equipped with advanced safety equipment and firefighting technologies, which will fuel market growth during the forecast period.

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As per Technavio, the development of electric fire trucks will have a positive impact on market growth over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Fire Trucks Market: Development of Electric Fire Trucks

The growing impact of global warming on climate change is compelling governments across the globe to take corrective actions by reducing emissions. Countries across the globe are implementing stringent regulations on emissions from industries and vehicles. This has led to original equipment manufacturers on the development of zero or low-emission vehicles including the electric vehicles (EVs). Government bodies are promoting the development of EVs by offering attractive subsidies and implementing supportive policies to establish EV infrastructure. These developments will support the electrification of fire trucks during the forecast period.

“Factors such as the automation in field of firefighting, investment in smart cities, and the availability of fire truck leasing services are expected to boost market growth during the forecast period,says a senior analyst at Technavio.

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Fire Trucks Market: Segmentation Analysis

This market research report segments the fire trucks market by Type (Pumper/tanker, Aerial vehicle, and Others) and Geography (North America, Europe, APAC, MEA, and South America).

North America led the market in 2018, followed by Europe, APAC, MEA, and South America respectively. Governments are investing in the purchase of new firefighting equipment to enhance the safety of residents, leading to the growth of the market.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

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CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200



SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/07/2019 05:30 AM/DISC: 11/07/2019 05:31 AM

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