Fire Truck Market 2030: The Shift Towards Sustainable Solutions

The global fire truck market was valued at approximately USD 4,631.1 million in 2022 and is projected to experience growth at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. This expected expansion is largely driven by the increasing demand for advanced firefighting equipment and a growing emphasis on fire safety in developed countries. The notable rise in the demand for fire safety measures in these nations, along with the necessity for modern firefighting tools, is anticipated to significantly boost market growth. Furthermore, the ongoing enhancement of safety standards worldwide is expected to further drive the demand for advanced fire trucks in the coming years.

The COVID-19 pandemic had a negative impact on the global fire truck market, disrupting transit and international trade and creating supply chain challenges for manufacturers of firefighting vehicles. However, the industry began to regain momentum in the months that followed. Looking forward, the demand for firefighting vehicles is expected to rise considerably throughout the forecast period. The introduction of electric fire trucks and the increasing popularity of advanced firefighting equipment, combined with local manufacturing initiatives, are likely to have a positive influence on the fire truck market as it progresses.

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Type Segmentation Insights

In 2022, the pumper segment represented the largest revenue share of the market, accounting for 32.6%. The popularity and demand for pumper trucks are expected to increase during the projection period, thanks to their ability to pump water from various external sources, such as water tankers, wells, and overhead tanks, along with their lower cost compared to more advanced fire truck models. The fire truck market is categorized by type into several segments, including tankers, pumpers, aerial platforms, rescue units, and others.

Several factors have contributed to the rising demand for tankers in recent years, including population growth, an increase in building and construction activities, and the implementation of stringent fire safety regulations by governments. This trend is anticipated to continue in the years ahead.

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