The Europe Fire Truck Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030).
The demand for modern firefighting equipment and increased fire safety awareness around the region are driving the growth of the market. The increased demand for safety infrastructure in airports and corporate settings, as well as a stringent government law regarding tableting fire safety compliance, are projected to open a wide range of customers for the leaders in the market.
The speed with which emergency response equipment and personnel arrive at the scene of the incident is of the highest priority due to the mass casualty potential of an airline disaster. The crew and passengers on board are more likely to survive owing to arrival and immediate goal to protect the aircraft against any threats, especially fire. Airport firemen received improved training in the use of firefighting foams, dry chemicals, and clean agents used to put out the flames of burning fuel from airplanes in and around an aircraft so that passengers can be moved out of the fire hazard area.
In Europe’s residential & commercial buildings, fire safety is of the highest priority. For instance, the EU's government invested about 32.9 billion euros for providing efficient fire protection services. These statistics highlight the significance of fire safety and have a big impact on increasing the number of fire trucks’ demand. Additionally, it is anticipated that the government will boost its spending on commercial and industrial building construction during the projected period. The 28 EU Member States spent €31.2 billion on "fire-protection services" in 2017, and about 300,000 people were engaged as firefighters throughout the EU in 2017 and 2018. The market is expected to expand as a result of the growing awareness along with the rising amount of government support.
The Germany market dominated the Europe Fire Truck Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $415.4 million by 2030. The UK market is anticipated to grow at a CAGR of 4.1% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
By Type
By Application
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
