population in India will live in urban areas. Hence, this increasing population parallels demand
for residential and commercial construction, which also accelerates growth of the market of fire
truck in this region. Moreover, increasing government investment for development of smart city
plays a major role for growth of the market in this region. For instance, according to the Indian
government Union Budget 2018-19, the government selected 99 cities under the smart city
mission and will provide a fund of US$ 3.1billion for the development of these cities.
Furthermore, according to Coherent Market Insights, it is estimated that India needs to build
31,000 new houses per day to fulfil the need of growing urban population during the period of
2015–2030. Hence, increasing residential construction is expected to increase demand for fire
safety tools, which in turn will boost the fire trucks market growth.
Fire Truck Market: Competitive Insight
Some of the key players operating in the fire truck market are W.S. Darley & Co., Oshkosh
Corporation, Ziegler Firefighting, Magirus GmbH (CNH Industrial Group), Rosenbauer
International AG, Gimaex GmbH, Morita Holdings Corporation, E-one, HME Incorporated, and
Smeal Fire Apparatus.
Get Discount on this Report @ https://www.coherentmarketinsights.com/insight/request-
discount/2123
Fire Truck Market: Taxonomy
The global fire truck market segmented on the basis of application and region
By Application:
Residential
Commercial
Other
By Region:
North America
Europe
Asia Pacific
Latin America