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Fire Truck Manufacturing - Industry Market Research Report

  • September 2016
  • -
  • Ibisworld
  • -
  • 34 pages

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Firing up: Renewed local funding for new fire trucks and engines will drive growth



Abstract

Fire Truck Manufacturing

Over the five years to 2016, revenue for the Fire Truck Manufacturing industry is expected to fall as local and state governments struggle to balance their budgets and federal funding appropriations plunged. However, the outlook for the industry is largely positive, with revenue projected to increase over the next five years. The industry will grow along with an improving economy, rising tax revenue and greater local and state funding for fire departments nationwide. Furthermore, since most fire departments put off purchasing new fire trucks during the recession, pent-up demand for the industry will facilitate future growth.

This industry manufactures fire trucks and fire engines. These vehicles assist in fighting fires by transporting firefighters and essential equipment, such as pumps, ladders and safety gear, to the scene of fires.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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