Fire Truck Market Report

August 3, 2023

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.
Key Market Drivers	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: