The import of fire fighting vehicles to India shows a declining trend from 2024 to 2028, starting at 6.92 million and decreasing to 2.94 million. In 2023, the import stood at 7.9 million units. The year-on-year variation indicates a consistent downturn in imports: a decrease of approximately 14.9% from 2024 to 2025, 17% from 2025 to 2026, 20.2% from 2026 to 2027, and 24.6% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -17.4%.
Future trends to consider:
- Increasing domestic production capabilities, potentially reducing reliance on imports.
- Government policies supporting indigenous manufacturing.
- Technological advancements in firefighting equipment, possibly altering demand dynamics.