Fire Truck Market

Fire Truck Market worth $9.6 billion by 2030

According to a research report "Fire Truck Market by type (Pumper, Aerial, Tender, ARFF, & Hazmat), Application (Commercial & Residential, Military, Airport & Industrial), Propulsion (ICE & EV), Capacity (<500, 501-1000, 1001-2000, >2000 Gallons) and Region - Global Forecast to 2030" published by MarketsandMarkets, the global fire truck market is estimated to grow from USD 8.1 billion in 2024 to USD 9.6 billion by 2030, at a CAGR of 2.7%.

Browse 260 market data Tables and 57 Figures spread through 269 Pages and in-depth TOC on "Fire Truck Market by type (Pumper, Aerial, Tender, ARFF, & Hazmat), Application (Commercial & Residential, Military, Airport & Industrial), Propulsion (ICE & EV), Capacity (<500, 501-1000, 1001-2000, >2000 Gallons) and Region - Global Forecast to 2030"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/fire-truck-market-69483030.html

Rapid urbanization, infrastructural development, safety regulations for fire safety, technological improvements, and increase in government spending are projected to be the driving force for a fire truck market. There was a huge demand for the modernization and expansion of capacities in fire services with a rise in urbanization and new infrastructure projects. Meanwhile, the equipment must be replaced due to the obsolescence forced by the regulatory environment. Better pump, aerial ladders, telematics, among others, have grown to improve new fire trucks' operational quality and efficiency. In addition, the growing number of wildfires increases the demand for vehicles with special mechanisms. Growing investment from government and municipal sources continues to provide financial support for modernization and expansion in the fire truck fleets to meet the changing demands of fire services.

The engine pumper fire trucks are estimated to be the largest market during the forecast period.

The engine pumper truck finds its application more in commercial & residential and in military due to their complementary capabilities. The government funding for purchasing the customized and modern firefighting trucks have significantly contribute to this growth. For example, the US Department of Homeland Security's Assistance to Firefighters Grant (AFG) program allocates substantial funds annually to help fire departments acquire new equipment, including pumper fire trucks. In October 2020, over USD 355 million was awarded to fire departments across the US through the AFG program, which spoke to the government's commitment to improving fire response capabilities. At the same time, the National Fire and Rescue Administration in China has invested heavily in fleet firefighting. An estimated budget of USD 1.5 billion was disbursed in year 2021. This increase in investment is showcases that China is actively investing R&D to raise its capacity for emergency response and to further modernize its firefighting infrastructure. In addition, emerging nations like India have rolled out an aggressive city program for 100 smart cities involving an investment of over USD 30 billion, including huge spending on fire services modernization. The "National Fire Protection Association (NFPA)" which are based upon named NFPA 1901, states the requirements that shall be complied within their design, equipment, safety features, and performance abilities of a vehicle. These are the regulations that pumper fire trucks need to ensure appropriate performance for safety throughout the operation, as the disaster response is in emergency cases. Hence, such governmental efforts with technologies for ensuring fire safety are driving the rapid growth of the pumper fire truck market across the world.

Electric fire trucks are projected to be the fastest-growing market during the forecast period.

The global fire truck market, regulatory standards are one of the important factors defining product development and market dynamics. Different regions/countries head toward stringent emission regulations with a downward-pressing emission limit. For instance, Europe is moving to Euro VII from Euro VI from July 2025, whereas China has implemented 6b emission standard for light commercial vehicles from July 2023. Also, before 2030, country like China is going to implement China VII emission regulation, due to which, many fire departments globally are now moving towards electric fire trucks. For example, in January 2024, The Mesa Fire Department in Arizona (US) have purchased the E-ONE Vector electric fire truck which can pump 750 gallons per minute for 4 hours on single charge. Besides, Volvo Penta had introduced an electric driveline for Rosenbauer's "Revolutionary Technology" (RT) electric fire truck with two electric motors of up to 360 kW (490 HP) and 50,000 Nm of torque along with a backup diesel engine. In fact, these emission norms have been put in place in various regions and countries, thereby increasing the demand worldwide for electric fire trucks. Besides that, big manufacturers like Rosenbauer International AG also depend on this growth in industry electrification. According to their investor presentations, penetration of electric fire trucks may reach as high as 50% in 2030.

Across American fire departments, the use of electric and hybrid fire equipment is growing in popularity. EV fire trucks are used by the fire department in places like Mesa, Madison, Los Angeles, and Portland. One of the newest features of EV fire trucks is fuel cells as a range extender, which augments the electric motor if the battery runs low. This eliminates the need of fire truck to run more on battery power and keep the vehicle running continuously. Electric fire trucks are more expensive initially than traditional diesel trucks. An equivalent diesel fire truck can cost a lot less than the Rosenbauer RT electric fire truck, for instance. For fire departments, this larger initial outlay may be a hurdle.

Rosenbauer International AG (CFT (Concept Fire Truck)), RT (Revolutionary Technology), ALPAS (Advanced Low-Profile Aerial System), and hybrid variants), Magirus GmbH (Magirus AirCore and Team Cab Electric), IVECO Magirus (Dragon X8 and SuperDragon X6 Electric), E-ONE, a division of the REV Group (Cyclone II Electric and Typhoon II Electric), Volvo Group (FL, FE Electric Fire Truck), and Scania AB (Citywide and P-Series Electric Fire Truck) are major manufacturers of EV fire trucks.

As a result, these producers set the standard for innovation in electric and hybrid fire engines, meeting operational and environmental requirements in urban firefighting both nationally and internationally.

Asia Pacific region is the second largest region in the fire truck market.

This area has the second largest demand for fire vehicles since there is a corresponding boost industrialization and urbanization in the Asia-Pacific region particularly in China, India and Japan. Also, as a result of growth in the sizes of cities and industries in areas classified as megacities as well as expansions in industrial sectors, this growth has given rise to the demand for sophisticated equipment used in fighting fires. The authorities of these countries have allocated large amounts of funds for the purchase of additional and more advanced fire trucks and for investments in public safety facilities that include fire departments. Contemporary fire tender or fire trucks are being used today more and more when new constructions are being made and implemented with rules about construction and fire safety measures to make sure that structures meet international requirements.

Due to the rise of numbers of the urban city, China occupies the largest market in the Asia Pacific region mainly growing residential, commercial, and industrial sectors. As a result of these factors, the need for fire trucks has risen to adequately address the protection from fire hazards. Additionally, the National Bureau of Statistics report states that as of 2023, 64.7% of China's population lived in urban areas. Additionally, the nation's urban population increased from the previous year to 914 million by the end of 2022. This growth in urban areas has increased the demand for advanced fire trucks and fire stations in China. Based on the rate of traveling in the country, china has developed 6 airports as gathered from traveling in the country. In the January 2023 of the Civil Aviation Administration of China report China says that it has completed construction on 6 airports. It had new freight airports, and 29 new general-purpose airports were constructed on the Chinese mainland, bringing the respective totals to 254 freight airports and 399 general-purpose airports by the end of the year. In addition, China had 4,165 freight planes registered at the end of 2022, which has raised by 111 over the year before. As a result of increasing investments in development of airports and the aviation industry, has increased the need of fire trucks. China also has some major local key manufacturers of fire truck manufacturers, including Shenyang Jietong Fire Truck Co., Ltd., Hubei Dong Runze Special Vehicle Equipment Co., Ltd., Shanghai Jindun Special Vehicle Equipment Co., Ltd., Beijing Zhongzhuo, XCMG Fire Equipment, Zoomlion, and Chongqing Dima Industry. Because of their cutting-edge technologies and inventive product offerings, these manufacturers are at the forefront of the industry. China is therefore in need of fire engines because of these circumstances.

Moreover, due to the growing biomedical and logistics sectors, Singapore is the fastest-growing market for fire trucks. Adding more, Singapore is concentrated with global critical players like GlaxoSmithKline (UK), Novartis (Switzerland), and Roche (Switzerland), which require stringent fire safety apparatus and fire stations near their manufacturing and research facilities. Moreover, Singapore is known for their logistics and trade hub, and has some major players named as DHL (Germany), UPS (US), and PSA International (Singapore), necessitates robust fire protection measures across its extensive port facilities and air cargo terminals. Considering the regulations made by the Singapore government, they have mandated the Smart Nation initiative for fire trucks from April 2022, which has made compulsory telematics devices that provide real-time monitoring systems, GPS navigation, and automated firefighting systems. Hence, these factors drive the market for fire trucks in the Asia Pacific region.

Key Players

Major manufacturers in the fire trucks market include Rosenbauer International AG (Austria), Oshkosh Corporation (US), Morita Holdings Corporation (Japan), REV Group (US), and IVECO Group NV (Italy).

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Fire Truck Market Size,  Share & Growth Report
Report Code
AT 9097
PR Published ON
7/25/2024
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