The great explorer of the truth, the master-builder of human happiness no one rejects dislikes avoids pleasure itself because it is pleasure but because know who do not those how to pursue pleasures rationally encounter consequences that are extremely painful desires to obtain.Read More
Europe Fire Truck Market Share to Garner Around $2 bn by 2026
Published Date: 2020-11-18
Request a sample
According to the Graphical Research new growth forecast report titled Europe Fire Truck Market Estimated To Be Around USD 2 Billion by 2026. The increasing demand for low-emission fire trucks in Europe is expected to drive the market. Several market players are introducing new models of electric fire trucks in the region to meet stringent emission standards. The increasing awareness of harmful emissions from heavy-duty vehicles, such as fire trucks, is encouraging local fire departments to adopt electric trucks, generating lucrative growth opportunities for the market.
The fire truck market witnessed sluggish growth in 2020 owing to the escalating spread of the COVID-19 pandemic. The manufacturing industry has been unfavorably affected due to the shortage of labor and raw materials. Firetruck manufacturers are facing numerous supply chain challenges. However, with the ease in restrictions on international trade and revival of the manufacturing industry, the demand for fire trucks will propel in Europe.
The growing developments in countries including the UK, Germany, and Russia have encouraged the European governments to introduce additional fire safety measures in the region. For instance, Fire Safe Europe (FSEU) had compared the differences in fire safety requirements and building regulations across Europe to impose new laws related to fire safety and mitigate the loss of property and life. Several measures taken by the government to reduce casualties in fire accidents will enhance the market share of fire trucks in the region.
The aerial fire truck market is expected to witness steady growth during the forecast period. Aerial trucks are equipped with extendable booms that allow firemen to reach high locations during rescue operations. The growing adoption of these fire trucks in urban areas to evacuate survivors from high-rise building is further proliferating industry demand.
Key players operating in the industry are Albert Ziegler GmbH, Gimaex GmbH, BAI Brescia Antincendi International SRL, and Magirus GmbH. These companies are focusing on introducing new models of electric fire trucks to cater to the rising demand from the local fire departments in the region. For instance, in September 2020, Rosenbauer launched a new Electric Fire RT Truck in Austria in partnership with Volvo Penta. This assisted the company to expand its product line in the market.
The Europe fire truck market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2026 for the following segments:
Market Share, By Product
- Aerial Truck
Market Size, By Application
- Residential and Commercial
The above information is provided on a country basis for the following: