The global fire truck market was valued at USD 4,631.1 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. This anticipated growth is primarily driven by the increasing need for advanced firefighting equipment and a rising emphasis on fire safety in developed nations. The significant surge in demand for fire safety measures in these countries, coupled with the necessity for modern firefighting tools, is projected to enhance market growth. Additionally, the ongoing improvement of safety standards worldwide is expected to further stimulate the demand for advanced fire trucks in the years ahead.

The COVID-19 pandemic had a detrimental impact on the global fire truck market. The disruption of transit and international trade created challenges in the supply chain for manufacturers of firefighting vehicles. However, the industry began to regain momentum in the following months. Looking ahead, the demand for firefighting vehicles is anticipated to rise substantially throughout the forecast period. The emergence of electric fire trucks and the growing popularity of firefighting equipment, along with local manufacturing efforts, are expected to positively influence the fire truck market moving forward.

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Application Segmentation Insights

The residential and commercial application segment has emerged as the dominant force in the global fire truck market, capturing the largest share and projected to grow at a steady compound annual growth rate (CAGR) of 6.0% throughout the forecast period. This growth is primarily driven by the increasing global population, which is anticipated to elevate the demand for constructing both residential and commercial buildings.

The surge in population, alongside the corresponding rise in construction and building activities worldwide, has prompted governments to implement stringent fire safety regulations across various essential sectors, including residential, commercial, airports, and industrial areas. As a result, there has been a notable increase in the global consumption of fire trucks tailored for residential and commercial applications.

In addition, the growing use of Aircraft Rescue Fire Fighting (ARFF) vehicles for airport safety and emergency operations is expected to bolster market demand in the enterprises and airports segment. This segment accounted for 24.1% of the total market share in terms of revenue in 2022. The increasing presence of ARFF vehicles is likely to enhance this segment’s market share, driven by the rapidly expanding number of airports and the rising volume of air passenger traffic on a global scale.

Moreover, the persistent demand for advanced firefighting equipment in developed regions such as the UK, France, and the United States is expected to support market growth in North America and Europe. Conversely, the continuous rise in building and construction activities, combined with competitive pricing, is likely to propel market expansion in China throughout the forecast period.

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