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APAC Fire Truck Market Regional Revenue & Growth Forecast By 2020-2026

APAC Fire Truck Market Size is estimated to reach USD 2 Billion by 2026. The increase in the number of large outdoor fire accidents in countries including Japan and India.

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APAC Fire Truck Market Regional Revenue & Growth Forecast By 2020-2026

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  1. Asia Pacific Fire Truck Market to hit $2 Bn by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. APAC Fire Truck Market Size is estimated to reach USD 2 Billion by 2026. The increase in the number of large outdoor fire accidents in countries including Japan and India will augment the demand for fire trucks in the Asia Pacific region. Naturally-occurring fires post natural calamities, such as earthquakes and floods, can account for several casualties. Rising awareness and government support to mitigate the loss of life and property caused by such fire accidents are providing new opportunities for the growth of the fire trucks market in Japan and China.  The APAC fire truck market has been significantly impacted due to the prevailing COVID-19 health crisis. The manufacturing of automotive vehicles has witnessed a temporary slowdown owing to the shutdown of various manufacturing plants. The coronavirus outbreak has also halted the raw materials & electronic component supply to the global market from China. However, with the economic revival and the containment of virus, the fire trucks market will witness a steady growth over the next three years. The rising government expenditures in the construction of new airports will proliferate the demand for fire trucks in the region. The government of India is taking several initiatives to enhance the commercial aviation sector to promote the economy and provide sustainable growth opportunities for airline companies. In October 2020, the Airports Authority of India (AAI) announced its plan to enhance runways at seven airports throughout the country by March 2022. Similarly, AAI plans to invest USD 3.58 billion in the next five years to enhance the infrastructure and facilities at airports. Increasing passenger footfall at airports coupled with rising deployment of fire trucks will generate lucrative growth opportunities for the market. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://bit.ly/3nnKGxw Request for customization @ https://bit.ly/3aFCeVi ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Prominent fire truck market players operating in the APAC region are Sichuan Chuanxiao Fire-Fighting Vehicle Co., Ltd., Magirus, Morita Holdings Corporation, and Beijing Zhongzhuo Fire Fighting Equipment Co., Ltd. The key players are focusing on new innovations and product launches. For instance, in October 2019, Magirus launched the world’s first gas-powered fire engine H(LF) 10. It has a capacity of 420 liters of CNG.  Similarly, in May 2018, Morita Holdings Corporation launched Morita Various Fighter 21 (MVF21). The new fire fighter is a multi-functional equipment integrated with a 21-meter aerial platform. • Segmentation of Asia Pacific Fire Truck Market: • APAC Fire Truck Market, By Product • Aerial Truck • Pumper • Tanker • APAC Fire Truck Market, By Application • Residential and Commercial • Airport • Military • The above information is provided on country basis for the following: • China • India • Japan • South Korea ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research  Phone:1-800-986-6917Email:sales@graphicalresearch.com Web: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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