Fire Truck Market Covid-19 Impact Analysis, Business Growth & Forecast to 2026
The fire trucks market is anticipated to witness tremendous growth in the coming owing to increasing accidents and natural disasters, surging investments in fire safety vehicles for military applications, and rising demand for fire safety across commercial and residential areas.
The fire trucks market is anticipated to witness tremendous growth in the coming owing to increasing accidents and natural disasters, surging investments in fire safety vehicles for military applications, and rising demand for fire safety across commercial and residential areas. Fire trucks or fire engines are vehicles specifically designed for being used in firefighting operations, essentially carrying firefighters and their equipment. These trucks also pump large volumes of water mainly to extinguish the flames.
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Fire trucks normally carry around 1900 liters of water and generally draw higher supplies from hydrants near the area. Apart from this, they also carry portable extinguishers to put out small fires. Fire trucks are also known as auxiliary vehicles as they are equipped with extremely large ladders that extend from the truck. Main components of fire truck include specific equipment for ventilation or forcible entry, and search & rescue tasks, hydraulically operated ladder, and complete complement of ground ladders of numerous types and lengths.
Given the increasing demand new fire trucks models with new and improved features are increasingly being launched by industry players. Citing an instance, in September 2020, Volvo Penta, world leading supplier of engines and complete power solutions for industrial and marine applications, reportedly developed a new electric driveline for Rosenbauer, a renowned fire service vehicle manufacturer.
The new electric driveline is for Rosenbauer's newly launched fire truck namely, "Revolutionary Technology". The new RTs would be delivered to fire departments in Dubai, Amsterdam, and Berlin for real-life customer testing. The novel vehicle architecture along with other new and improved features would substantially transform the fire service industry as a whole.
The fire truck market is divided into different segments in terms of product, application, and regional landscape.
With respect to product, the fire truck market is classified into tanker, pumper, aerial truck, and others. The others segment comprises of rescue vehicles and quint. Among these, rescue vehicles are expected to witness a steady demand due to increasing accidents and natural disasters across the globe.
Most of the fire departments have dedicated rescue trucks specifically designed for tackling automobile accidents. These vehicles further carry a punch for breaking windscreens, high-temperature gas torches which can cut individuals out of crashed cars and hydraulic jacks & airbags for lifting up overturned vehicles. Additionally, one novel tool is a steering-wheel cover which is used to stop a car's airbag from inflating or injuring firefighters as they work.
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In terms of application, the overall fire truck market is categorized into military, airport, and residential & commercial. Among these, the product demand for military application segment is likely to increase over the coming years. Fire truck demand is increasing due to surging investments in fire safety vehicles for military applications.
From a regional frame of reference, Latin America fire truck market is likely to witness substantial growth owing to the increasing demand for fire safety in residential and commercial areas.