Market Size of Europe Fire Truck Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 34.26 Billion |
| Market Size (2029) | USD 38.50 Billion |
| CAGR (2024 - 2029) | 2.36 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Fire Truck Market Analysis
The Europe Fire Truck Market size is estimated at USD 34.26 billion in 2024, and is expected to reach USD 38.5 billion by 2029, growing at a CAGR of 2.36% during the forecast period (2024-2029).
The impact of the COVID-19 pandemic on the Europe Fire Truck Market is inevitable, as it affected almost every other industry in the market. Manufacturing units have been shut down due to the continuous lockdowns, with social distancing norms to follow and limited staff available to run production lines with all safety measures, owing to the slowdown of the electric vehicle market in the region.
Over the long term, The market is primarily driven by the factors such as strict government norms for pollution control, increasing awareness about the harmful effects of emissions from gasoline and diesel vehicles, and an increase in the adoption of electric vehicles.
Rising fire accidents and growing awareness of the hazardous effects of emissions are expected to drive the demand in the market. Moreover, evolving government fire safety regulations across all sectors to further enhance the growth of the market during the forecast period.
The evolution of electric trucks and growing interest in firefighting apparatuses and local assemblies across these countries are expected to create a positive outlook for the market.
