The Latin America, Middle East and Africa Fire Truck Market would witness market growth of 8.4% CAGR during the forecast period (2023-2030).
The increasing incidence of fire accidents in the manufacturing sector, and natural disasters are some of the major factors fuelling the growth of the market. Another important factor is the growing trend of incorporating advanced technologies like telematics and artificial intelligence in fire vehicles. Manufacturers and suppliers in the fire truck value chain are applying new innovative methods to maximize benefits in the competitive environment as the fire protection sector develops. These organizations are expanding inventory of fire trucks to meet the growing demands of rescue and firefighting operations.
Transporting firefighters to the accident site and delivering the water supplies needed to fight an outbreak are the fire truck's primary and most important functions. However, there are other uses for fire trucks or engines beyond this. These services are used by fire and safety houses, even for emergency medical and rescue situations. Stepladders, hydraulic rescue equipment, self-contained breathing apparatuses, aerators, first aid supplies, and other items are typical tools present on fire engines. Fire engines are designed to handle different kinds of disasters, controlling the situation and sparing lives.
Saudi Arabia has significant demand for fire trucks due to the government's numerous infrastructure initiatives and the country's prominence in the region's oil & gas industry. To address the issue of the increasing demand for fire protection systems due to the increasing population burden on existing resources, this government has implemented several infrastructure and development measures. In the United Arab Emirates (UAE), the residential and commercial sectors continue to be the largest in the region. As authorities demand that severe fire protection requirements be applied in buildings, there will likely be a greater need for fire protection systems. Both Oman and Qatar have substantially oil-reliant economies and are major users of fire safety equipment. In light of this, the region is anticipated to have considerable market growth during the projection period.
The Brazil market dominated the LAMEA Fire Truck Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $129.1 million by 2030. The Argentina market is experiencing a CAGR of 8.9% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 8.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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