The fire truck’s primary role encompasses bringing firefighters to an emergency scene to smother the fire with water or with any chemical conformation. Moreover, they are remunerated by government agencies for medical emergency care and liberation operations. The Material innovation and technological improvements in the field of fire appliances and linked equipment have decreased the rate of fatality in accidents involving fire. Also, owing to the continuous technical improvement in the field, the department’s requirement to continue upgrading their equipment and apparatus. As a result, the guidelines and regulations obligatory by organizations such as the National Fire Protection Association (NFPA) across the United States and the National Association of Fire Equipment around India are constantly being corrected.
According to the report analysis, ‘COVID-19 Impact on Global Municipal Firefighting Trucks Market: By Application(Residential Use, Commercial Use and Others); By Product Type(Pumper Trucks, Aerial Platform Trucks, Rescue Trucks and Others) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030’ states that the Fire trucks’ requirement is increasing owing to the implementation of up-to-date and advanced technology, product modernization, and the usage of the new digital technologies and groundbreaking equipment that will support improve the fire truck’s performance, power, and superiority. The growth of the market is projected to increase the requirement for fire protection among underdeveloped countries and the requirement for advanced firefighting equipment. Also, growing safety standards across the globe are projected to support requirements.
Moreover, the worldwide pandemic COVID-19 has become worldwide stress, not just for human lives, but also for industries crosswise different industry verticals. The COVID-19 disease has diseased several million people universally, with an accumulative number of active cases daily, the extent of the pandemic is still problematic to predict. The mandate for fire trucks should assume some relief because of the mitigation steps being taken by changed government bodies across regions. For example, with the Pandemic Emergency Obtaining Program, the European Union is lending sustenance to the automotive sector, which supports companies to buy commercial papers as well as sovereign bonds from commercial merchants along with member states while continuing their liquidity intact within the finance system. Furthermore, the EU has also unperturbed its strict automotive-related regulations and can develop the scale of any asset acquisition over a longer era of time.
Although, with the employment of contingency schemes and financial institutions gradually coming up with relief strategies, bearing in mind the effects of COVID-19 The fire truck industry will make a durable comeback. Despite the pandemic surge, growing awareness about fire protection and associated resources is also functioning in favor of the fire truck industry.
Whereas, the countries in the APAC region are, nonetheless, manufacturing hubs for many foremost players worldwide. Also, the growing need for advanced security infrastructure in residential buildings and industrial multiplexes is projected to increase market requirements. The fire trucks market across the MENA region is principally characterized by usage in applications such as corporates, manufacturing, airports, and the military. The European fire trucks are small in size and compact qualified to the trucks used around the United States. This can be owing to the existence of several narrow lanes inside European cities, as opposed to outsized roads found across the United States. Moreover, the infrastructure development in underdeveloped countries has led regulatory bodies to announce strict codes and standards to decrease infrastructure damage and losses that are estimated to accelerate market growth.
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Ankur Gupta, Head Marketing & Communications