The international fire truck market is set to experience substantial growth, with a predicted market size of USD 8.77 billion by 2028, according to a recent report by Mordor Intelligence.

The report, titled “Fire Truck Market Report (2023-2028),” notes that the market stood at USD 6.30 billion in 2023 and expects a compounded annual growth rate (CAGR) of 6.83% over the forecast period.

You can find further details of the report here.

Driving factors for the fire truck market growth

The anticipated surge in the fire truck market is linked to a rebound in the automotive industry, as manufacturers worldwide resume operations amid falling COVID-19 cases.

As a response to the pandemic’s potential future impact, these manufacturers are developing contingency plans to maintain business continuity with clients.

Moreover, the report identifies stringent fire safety standards, city councils renewing their ageing fire truck fleets, and increased R&D investments as key long-term growth drivers for the fire truck market.

Market leaders and geographical trends in the fire truck market

Key industry players are making moves to meet the increased demand for fire trucks. Notable developments include the Rosenbauer Group’s delivery of a fully electric fire truck to the Norvenich municipality in North Westphalia, Germany in June 2022.

Geographically, Asia-Pacific, particularly China and India, are the world’s largest fire truck markets.

This dominance stems from rigorous fire protection measures in these countries and the ongoing addition of new fire trucks to their firefighting fleets.

Segmentation of the global fire truck industry

Fire trucks, equipped with a range of specialist equipment, including Hurst tools, ground ladders, rescue ropes, and cutting torches, are vital in supporting fire fighting and rescue operations.

The market segmentation includes type of fire truck (Rescue Trucks, Tanker, Pumper, and Multi-Tasking Trucks), application (Residential and Commercial, Enterprises and Airports, and Military), and geography.

Demand for fire trucks in the residential and commercial sector on the rise

As per the National Fire Protection Association (NFPA), more than 400,000 house fire cases are reported annually in the United States.

These incidents, not unique to the US, underscore the need for effective fire fighting measures worldwide.

Wildfires, too, have taken a significant toll on life and property, pushing the government to procure more firefighting equipment, including fire trucks.

For instance, The National Interagency Fire Center (NIFC) reported 58,733 wildfires in the United States in 2021.

IFSJ Comment

The burgeoning growth in the fire truck market underscores the increased awareness of fire safety worldwide.

This trend signifies more investment in advanced fire fighting equipment, which is paramount in improving public safety and reducing fire-related casualties.