Fire Truck Market - Growth, Trends, and Forecast (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||925238|
|出版日期||內容資訊||英文 65 Pages
|消防車的全球市場:成長率，趨勢及預測 Fire Truck Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日期: 2020年02月01日||內容資訊: 英文 65 Pages||
The global fire truck market (henceforth referred to as the market studied) is anticipated to register a CAGR of about 6.7 % during the forecast period (2019 - 2024).
Residential & Commercial Application and Technological Advancement Are Driving the Fire Truck Market
The residential & commercial application holds the largest market share and is anticipated to domain the market over the forecast period because the global population is growing which in turn will increase the demand for construction of residential and commercial buildings.
As the world population is growing exponentially resulting spike in building & construction activities worldwide led to governments enforcing stringent fire safety regulations across sectors, including residential, commercial, airports, and industries. Which in turn, increasing the fire trucks consumption in residential & commercial applications.
The demand of fire trucks is a growing owing to acceptance of updated and advanced technology, product innovation, and use of latest digital tools and modern electronics which will help to increase the efficiency, capability, and quality of the fire truck. For instance, Rosenbauer Deutschland, a company of the Rosenbauer Group, and the Berlin Fire Department, plan to jointly develop a hybrid electric fire engine in the next two years. The project is called "eLHF" (german equivalent for "eRFF"/ electric rescue and firefighting vehicle) and budget amount of the project is approximately 1.8 million Euro. Hybrid electric fire engine based on "Concept Fire Truck" CFT to enter year-long trial at the start of 2021. The CFT technology is estimated to reach around 3,200 vehicles by 2030 globally.
Asia-Pacific Is Leading the Fire Truck Market
The fire truck market is dominated by Asia-Pacific due to the emerging countries like China, India and South Korea have witnessed a stable growth in the infrastructure coupled with raising awareness about safety. The rise in awareness about safety is expected to boost the demand for fire trucks over the forecast period.
The stringent government regulations regarding the market is also a positive factor for the growth of global fire truck market. The high production capacity in China coupled with lower labor charge contribute to the expansion of fire trucks market in the country. Additionally, technological advancements and growing applications in the manufacturing sector fuel the fire trucks market growth.
The North American fire truck market is witnessing growth primarily driven by the increased demand from the residential & commercial application segment. Furthermore, the growing requirement of advanced safety infrastructure in residential buildings, commercial complexes and is expected to augment the market demand.
The global fire truck market is highly competitive due to the presence of many established manufacturers and suppliers. Major players such as Rosenbauer International AG, Magirus GmbH, Spartan Motors, Inc., Albert Ziegler GmbH, and Emergency One, Inc have adopted product innovations and numerous strategic alliances for strengthening their global positions, which are being followed by emerging industry players. For instance,