The Asia Pacific Fire Truck Market would witness market growth of 5.9% CAGR during the forecast period (2023-2030).
Pumper trucks are becoming increasingly popular as a result of their capacity to pump water from outside sources such as wells, overhead reservoirs, and water tankers. A high level of customization and an extensive selection of pumper trucks offered by multiple OEMs are anticipated to support the market throughout the forecast period. Pumper trucks are more in demand since they are less expensive than other specialized fire trucks. New pumper truck models are being released, helping manufacturers increase their revenues.
In order to avoid and prepare for wildfires, the study advocates for a fundamental shift in the amount of money the government spends on wildfires. The market is expected to expand as the risk of wildfire incidents increase.
According to the Forest Survey of India, throughout the most destructive fire season from November 2020 to June 2021, a total of 52,785 forest fires were discovered using the MODIS (Moderate Resolution Imaging Spectro-radiometer) sensor, and 3,45,989 forest fires were discovered using the SNPP-VIIRS (Suomi-National Polar-orbiting Partnership - Visible Infrared Imaging Radiometer Suite). According to estimates, more than 36% of the nation's forests are exposed to frequent forest fires. Nearly 4% of the nation's forest cover is considered to be extremely fire prone, while 6% is found to be very highly fire prone. The requirement for fire control will increase due to an increase in the number of forest fire incidents, which is predicted to boost the expansion of the market in APAC region
The China market dominated the Asia Pacific Fire Truck Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $711.5 million by 2030. The Japan market is estimated to grow at a CAGR of 5.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.6% during (2023 - 2030).
Based on Type, the market is segmented into Pumpers, Aerial Platform, Tankers, Rescue, and Others. Based on Application, the market is segmented into Residential & Commercial, Enterprise & Airports, Military and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Fire Truck Market is Projected to reach USD 6.9 Billion by 2030, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Rosenbauer International AG, Oshkosh Corporation, Magirus GmbH (Iveco Group NV), Weihai Guangtai Airport Equipment Co., Ltd., Danko Emergency Equipment, E-ONE (REV Group, Inc.), The Shyft Group, Inc., Xuzhou Handler Special Vehicle Co Ltd, Morita Holdings Corporation and Zoomlion Heavy Industry Science & Technology Co., Ltd.
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