Fire Truck Market Analysis

Fire Truck Market Analysis

The U.S. pumper fire trucks market valued at over USD 400 million in 2019. The ability of pumper trucks to pump water from external water sources, such as water tankers, overhead tanks, and wells, is improving their adoption. A high level of customization and wide variety of pumper trucks offered by several OEMs will further propel the market demand through 2026.

The low cost of pumper trucks compared to other advanced fire truck models is also fueling the demand. Manufacturers are improving their revenues by launching new models of pumper trucks in the market. For instance, in April 2019, Spartan Emergency Response introduced a new pumper truck model, the IPS-NXT at the Fire Department Instructors Conference (FDIC) in the U.S. The new truck is equipped with a highly maneuverable platform and a technologically advanced protection system that enhances the safety of firemen while combatting fire mishaps.

The UK residential & commercial application segment captured around 50% market share in 2019. Increasing number of fire accidents in residential & commercial areas to propel the segment growth.
 

The North America fire truck market size crossed more than USD 900 million revenue in 2019. Increasing government investments in technologically advanced fire trucks are providing robust scope for the regional market growth. The growing number of fatal fire accidents in the region is encouraging government authorities and fire departments to regularly upgrade their fire truck fleet with the latest models, significantly influencing the market statistics.
 

Municipal and state fire departments are investing in modern firefighter trucks with multifunctional equipment to increase their efficiency. For instance, in February 2020, the Los Angeles Fire Department (LAFD) purchased a new hybrid-electric fire truck from Rosenbauer Group. The truck is integrated with features such as remote vehicle diagnostics and Wi-Fi connected aerial drones that assist in monitoring the accident site.
 

The truck is also equipped with a back-up diesel engine for emergency situations, in case the batteries run out of charge. Shifting focus of local fire departments toward improving their operating efficiency is driving market revenues.