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Friday 17 November 2017

Fire Truck Industry 2017 Consumption Industry Analysis, Size, Growth, Trends and Forecast to 2022

Global Fire Truck Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. A large vehicle equipped for fighting fires is referred to a fire truck. There are a number of tools in a fire truck such as a self-contained breathing apparatus, first aid kits, ladders, hydraulic rescue tools, and ventilating equipment. The factors that propel the growth of the Fire Truck Market include increasing demand, rising governmental regulations, rapid urbanization & industrialization, and growing awareness regarding safety.


On the other hand, there are also factors that may hamper the growth of the market such as low rate of replacements. Fire Truck Market is classified on the basis of product type, applications, distribution channel, and geography. Fire Truck Market is segmented by product type as fire fighting vehicle, special fire truck, elevating fire truck, and others. Fire Truck Market is classified based on applications as municipal fire, Aircraft Rescue and Fire Fighting (ARFF), industrial fire and others.

Fire Truck Market is classified by distribution channel as specialty stores, online stores and others. Fire Truck Market is segmented by geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.

The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa.

Some of the key players that fuel the growth of the Fire Truck Market include Bronto Skylift Oy, CFE, Darley, E-one, Feerara fire, Gimaex, Jieda Fire-protection, KME,MORITA, Magirus, Oshkosh, Rosenbauer, Tianhe, YQ AULD LANG REAL, Ziegler, Zhongzhuo, and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.


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