Global Fire Trucks Market Share, Trend, Competitor Strategy and Forecast to 2024

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Sarasota, FL — (PRESS RELEASE JET) — 09/29/2017 — Global Fire Trucks Market: Overview

Fire trucks are vehicles designed for firefighting operations. They are also used for other applications such as emergency medical purposes and rescue purposes by the fire and safety companies. These vehicles are used to transport the firefighters to the sites, for providing necessary equipment and water to fight the fire and to bring it under control. Tools such as ladders, hydraulic rescue tools, a self-contained breathing apparatus, ventilating equipment, and first aid kits are generally carried in a fire truck. These fire trucks are equipped to combat various forms of emergencies and help in saving lives of the people.

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The market for fire trucks market is globally fragmented into its types, application, and geography. On the basis of its types, the market is divided into the mini tank, rescue, and others such as mini pumpers and multi-tasking trucks. Based on application, fire trucks are segregated into rescue, conventional, airport application, wild land, and others. On the basis of geography, the market is divided into Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.

The fire trucks market is a growing market owing to acceptance of new and advanced technology, product innovation, and use of advanced digital tools and modern electronics which will help to enhance the efficiency, quality, and capability of the fire truck. Increasing availability of municipal budgets from governments which aids in the development of the fire and safety departments is also fuelling the growth of the fire trucks market. The financial condition of the economies is also improving gradually. It will create a positive impact on the market growth across the globe. However, low rate of replacements may affect the fire trucks market growth adversely.

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Asia Pacific holds the largest share in the fire trucks market. This growth can be attributed to factors such as rising awareness about safety coupled with the stable growth in the infrastructure and also the rapid developments witnessed in countries such as China, South Korea, and India. In China, the presence of low labor charge and high production capacity contribute to the expansion of fire trucks market. The growth in Asia Pacific is further influenced by a growing demand for fire trucks in airports and other enterprises to ensure public safety and supporting this demand are the regulations put forth by the government. Following the growth in Asia Pacific is North America. Strict regulations by the government and a large number of fire stations and are the main reasons for the growth of the market in this region. Growth in Europe, Latin America, and the Middle East and Africa will be increasing steadily during the future years.

Market Competitive Players

Some of the major companies in the fire trucks market include Oshkosh Corporation, W.S. Darley & Co., Magirus GmbH. (CNH Industrial Group), Ziegler Firefighting, Gimaex GmbH., Rosenbauer International AG, E-one, Morita Holdings Corporation, Smeal Fire Apparatus, and HME Incorporated.

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Fire Trucks Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa

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