Thursday, 14 December 2017

Increased Penetration in Different Application Fields Is Projected To Boost the Overall Fire Trucks Market Growth during the Next Five Years

According to a research made available by Radiant Insights, Inc., the global fire trucks market is predicted to register considerable growth over the forecast period (2016 to 2022). Fire trucks are used for firefighting operations and for transporting firefighters to the incident scene. These trucks are equipped with a wide range of fire safety tools such as hydraulic rescue tools, first aid kits, fans, self-contained breathing apparatus, chainsaws, extra protective gear, ladders, and ventilating equipment. Modern fire trucks also include latest technologies and various digital tools to meet changing fire safety needs.
Demand for fire trucks is constantly growing due to rapid infrastructure development and strict fire safety regulations across the globe. As a result, fire truck manufacturing companies are facing intense competition. Thus, they are heavily investing in R&D to introduce innovative products and technologies. However, M&A activities are the most popular trends among manufacturers to survive the competition. For example, Spartan Motors, Inc. recently completed the acquisition of one of the leading innovators and fire apparatus manufacturers, Smeal Fire Apparatus Co. and its subsidiaries. According to the company, the acquisition will help expand their overall business.
Another example includes Spartan ER’s (Emergency Response) newly opened fire apparatus and fleet vehicle refurbishment centers. These centers can fulfill market needs as they offer a cost-effective approach to repair damaged or out-of-service trucks at half the cost of a new truck. The process offers a comprehensive range of refurbishments and services including light repairs to full chassis or cab replacement. It also includes pump replacement, new ladders, new chassis, and fixture replacement without the capital expenses associated with buying a new truck.
Growing demand for fire trucks due to increased penetration in different application fields is projected to boost the overall market growth during the next five years.
Some of the dominant companies in the fire trucks market are Oshkosh Corp.; Emergency One Inc. (E-One); W. S. Darley & Co.; HME, Inc.; Morita Holdings Corp.; and Rosenbauer International AG.
Radiant Insights, Inc. offers personalized and syndicated research reports, as well as consulting services, for a wide range of industries such as Energy, Materials, Technology, Chemicals, and so on.
About Radiant Insights, Inc:Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Contact Details:Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
Web: http://www.radiantinsights.com
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