A fire truck, also known as a fire rescue vehicle, refers to a vehicle designed and manufactured according to needs to be suitable for firefighters to use, equipped with various fire-fighting equipment or fire extinguishing agents, and used by fire departments for firefighting, auxiliary firefighting, or fire rescue. It is usually equipped with various equipment such as steel ladders, water guns, portable fire extinguishers, etc., and is an indispensable emergency rescue force for the fire department.
Overview of Market Development
The Indian fire truck market is steadily developing and has enormous potential for future growth. In recent years, the continuous progress of infrastructure construction in India, the increasing awareness of fire safety among the public, and the frequent occurrence of fire accidents have provided significant demand growth space for the fire truck market.
According to our research data, the estimated size of the Indian fire truck market in 2024 is $124 million, an increase of 6.08% compared to 2023. In the future, as the demand for firefighting and emergency rescue tasks continues to change, the market demand for fire trucks will further increase. It is expected that by 2029, the size of the Indian fire truck market will continue to increase to $168 million.
Segmented Market Analysis
From the perspective of product types, fire trucks can usually be divided into several categories based on their functions, such as firefighting trucks, high-rise fire trucks, specialized fire trucks, and auxiliary fire trucks. Firefighting trucks can spray fire extinguishing agents and independently extinguish fires, such as pump fire trucks, water tank fire trucks, etc; High-rise fire trucks are equipped with lifting and fire extinguishing devices, which can be used for high-altitude firefighting or fire rescue, such as the aerial ladder fire truck; Specialized fire trucks are responsible for specialized fire protection technical operations other than firefighting, such as communication command fire trucks and lighting fire trucks; Auxiliary fire trucks are used to supply various fire extinguishing agents or firefighting equipment to the fire scene, such as water supply fire trucks. Research shows that the segmented type of firefighting trucks accounts for the largest market share, expected to reach 41.03% by 2024.
From the perspective of downstream applications, fire trucks are mainly used in scenarios such as fire stations, enterprises, and airports. Among them, fire stations occupy the largest share of the downstream application market, estimated to be 62.19% in 2024.
India Fire Truck Market Size and Segment Market Share Forecast
Source: www.globalmarketmonitor.com
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the Indian fire truck market is relatively high. Data shows that the total output value for fire trucks of the top 3 companies in 2023 was $57.99 million, with a total share of 49.57%; The total output value of the top 6 enterprises was $78.75 million, accounting for 67.31% of the total output value. The top three companies were Brijbasi Hi Tech Udyog Ltd., Ashok Leyland, and Mercedes Benz. In 2023, these three companies accounted for 31.34%, 10.91%, and 7.32% of the fire truck output value in the Indian market, respectively.
India Fire Truck Output Value and Share of Main Companies in 2023
|
Companies
|
Output Value (Million USD)
|
Share
|
|
Brijbasi Hi Tech Udyog Ltd.
|
36.67
|
31.34%
|
|
Ashok Leyland
|
12.76
|
10.91%
|
|
Mercedes-Benz
|
8.56
|
7.32%
|
|
Top3 Companies
|
57.99
|
49.57%
|
|
Top6 Companies
|
78.75
|
67.31%
|
Source: www.globalmarketmonitor.com
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