A new market research report named “Fire Truck Market Report (2023-2028),” states that the market is estimated at USD 6.30 billion in 2023 and is predicted to register a CAGR of 6.83% during the forecast period.
The fire truck market is likely to surge during the forecast market, as automotive manufacturers have restarted operations with steadily rising automobile sales in countries. In the long run, the adoption of strict fire safety standards, the revitalizing of old fleets of fire trucks by the city councils to bolster their fire-fighting capabilities, and growing investments in R&D by major industry players are expected to create demand in the automotive and transportation industry with a boost in sales of fire trucks.
Report Summary:
| Report Attribute | Details |
| Market Size (2023) | USD 6.30 billion |
| Market Size (2028) | USD 8.77 billion |
| CAGR (2023-2028) | 6.83% |
| Study Period | 2018-2028 |
| Forecast Units | Value (USD billion) |
| Fastest-growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Report Scope | Market Dynamics, Revenue Forecast and Segmentation, Competitive Landscape and Recent Developments, Market Growth, Future Opportunities, and Trends |
| Key Market Drivers | The adoption of strict fire safety standards. |
| Rising demand for fire trucks in the residential and commercial sectors. |
Who are the Top Companies in the Fire Truck Market?
The global fire truck manufacturers market is highly consolidated and is characterised by the presence of large international players as well as some local players who have acquired long-term supply contracts with fire departments of local city councils.
The standout players in the global fire truck market are:
- W.S. Darley & Co.
- Oshkosh Corporation
- WeihaiGuangtai
- Albert Ziegler GmbH
- Magirus GmbH (CNH Industrial Group)
- Rosenbauer International AG
- Gimaex GmbH
- Morita Holdings Corporation
- E-ONE
- Spartan Motors Inc.
- HME Incorporated
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