Chemical Journal Fire Trucks Market | Page 6

Global Fire Trucks Market Growth and Trends Analysis
Over 50% Market Value Share Belongs to Seven Leading Players
The top seven players in fire trucks marketplace account for more than half of the total market value, as
indicated by research. The prominent companies competing in this fairly consolidated landscape are
investing in strategic acquisitions and collaborations in an effort to reaffirm their market positioning.
Long-term contractual deals for reliable supply of specialized fire trucks are likely to strengthen strategic
relationship between market leaders and key distributers. Expanding existing fire trucks portfolio, with
maintaining the focus on novel technological innovations, leading manufacturers and suppliers of fire
trucks that are actively operating across the global value chain are projected to prioritize fire trucks and
equipment upgrade.
Although pumpers and tankers contribute majorly to total sales of fire trucks at present, the report
indicates growing demand for aerial platform fire trucks and rescue fire trucks – likely to shape
competitive manufacturing strategies of key manufacturers in the market. In the backdrop of the rate of
natural calamities occurred in recent past, it is more likely that rescue fire trucks would experience
growing demand.
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