"Market Intelligence for High-Geared Performance"
The main function of a firefighting vehicle is to transport firefighting personnel to the incident scene to extinguish the Fire with a chemical composition or water. Additionally, authorities employ them for rescue operations and medical emergency services. Product innovation and technological advancements in fire apparatus and other equipment have lowered the fatality rate in fire-related incidents.
A major industry trend is developing Fire fighting vehicles with improved technological advancements to minimize casualties and maximize SAR operation results. However, a disrupted global supply chain sustains a major challenge to market growth.
The firefighting vehicle is equipped with fire extinguishing components such as water tanks, hoses, sand etc. and is used to combat fire from different sources. Factors such as an increase in the demand for fire safety among developing and developed countries and the need for advanced firefighting tools are expected to augment the market growth.
The COVID-19 pandemic had a negative impact on the firefighting vehicle market. Although the pandemic didn’t directly impact the demand for Fire fighting vehicles, a disrupted global supply chain hindered procuring additional firefighting vehicles. Additionally, the pandemic caused an economic downturn, which reduced government spending on firefighting vehicles.
As manufacturers have resumed operations and automobile sales are steadily rising in countries with lower COVID-19 cases, the market is anticipated to recover during the forecast. Additionally, the manufacturers have started implementing plans to mitigate future business uncertainties in the critical sectors of the automobile industry.
The report will cover the following key insights:
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By Operation |
By Application |
By Type |
By Component |
By Geography |
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The Asia Pacific region is expected to lead the firefighting vehicle market over the forecast period. The presence of major market players and manufacturers with low-cost production is a major reason for the growth in the Asia Pacific region. North America is anticipated to rise as an emerging market in the forecast period owing to the increasing focus and spending of the governments in the region on firefighting due to recent calamities and wildfires.
The report includes the profiles of key players such as Oshkosh Corporation, Rosenbauer International AG, Magirus GmbH., Rev Group, Morita Holdings Corporation, Magirus Group, Ziegler, spartan motors, Naffco, Zoomlion Heavy Industry Science & Technology Co. Ltd., and others.
February 2023: the BMC, Corporation of Mumbai, India, announced the strengthening of firefighting systems, adding firefighting components for benefits in firefighting operations, such as drones and robots.
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