Fire-Fighting Vehicle Market

The article analyzes the global fire-fighting vehicle market, forecasting a growth trend in market volume and value over the period from 2022 to 2030. It highlights China as the largest consumer and producer of fire-fighting vehicles, while Palau shows significant growth rates. The article also discusses trends in imports and exports of fire-fighting vehicles, providing insights into key importing and exporting countries and their price trends.

Market Forecast

Driven by rising demand for fire-fighting vehicle worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.2% for the period from 2022 to 2030, which is projected to bring the market volume to 44K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.9% for the period from 2022 to 2030, which is projected to bring the market value to $13.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Fire-Fighting Vehicles

In 2022, consumption of fire-fighting vehicles was finally on the rise to reach 37K units after four years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak volume of 44K units. From 2014 to 2022, the growth of the global consumption remained at a lower figure.

The global fire-fighting vehicle market value amounted to $9.9B in 2022, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a noticeable descent. Global consumption peaked at $13.1B in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Consumption By Country

China (9.1K units) remains the largest fire-fighting vehicle consuming country worldwide, accounting for 25% of total volume. Moreover, fire-fighting vehicle consumption in China exceeded the figures recorded by the second-largest consumer, India (3.7K units), twofold. The third position in this ranking was held by the United States (3.7K units), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at +2.3%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+1.9% per year) and the United States (-0.3% per year).

In value terms, the largest fire-fighting vehicle markets worldwide were China ($2.3B), India ($1.4B) and the United States ($1.4B), with a combined 52% share of the global market. Brazil, Indonesia, Pakistan, Russia, Japan, South Korea, Poland, the UK and Palau lagged somewhat behind, together comprising a further 21%.

Palau, with a CAGR of +57.9%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of fire-fighting vehicle per capita consumption was registered in Palau (38 units per 1000 persons), followed by Poland (less than 0.1 units per 1000 persons), South Korea (less than 0.1 units per 1000 persons) and Japan (less than 0.1 units per 1000 persons), while the world average per capita consumption of fire-fighting vehicle was estimated at less than 0.1 units per 1000 persons.

In Palau, fire-fighting vehicle per capita consumption expanded at an average annual rate of +78.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (+2.7% per year) and South Korea (-3.9% per year).

Production

World Production of Fire-Fighting Vehicles

In 2022, approx. 37K units of fire-fighting vehicles were produced worldwide; remaining constant against the previous year. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 8.5% against the previous year. As a result, production attained the peak volume of 43K units. From 2014 to 2022, global production growth failed to regain momentum.

In value terms, fire-fighting vehicle production contracted to $10.1B in 2022 estimated in export price. Over the period under review, production recorded a perceptible slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 7.6%. As a result, production attained the peak level of $13.2B. From 2014 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

The country with the largest volume of fire-fighting vehicle production was China (9.3K units), comprising approx. 25% of total volume. Moreover, fire-fighting vehicle production in China exceeded the figures recorded by the second-largest producer, the United States (4.3K units), twofold. The third position in this ranking was taken by India (3.6K units), with a 9.9% share.

In China, fire-fighting vehicle production increased at an average annual rate of +2.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-0.4% per year) and India (+1.8% per year).

Imports

World Imports of Fire-Fighting Vehicles

In 2022, global fire-fighting vehicle imports expanded remarkably to 4.5K units, with an increase of 8.6% compared with 2021. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 17% against the previous year. Over the period under review, global imports hit record highs at 5.3K units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, fire-fighting vehicle imports dropped to $1B in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 21%. Over the period under review, global imports attained the maximum at $1.5B in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, Palau (676 units), distantly followed by Canada (353 units) and Nicaragua (243 units) were the key importers of fire-fighting vehicles, together creating 28% of total imports. Germany (176 units), Qatar (145 units), Romania (133 units), the Netherlands (118 units), the United States (105 units), Hong Kong SAR (91 units), Slovenia (89 units), India (78 units), Azerbaijan (75 units) and Spain (71 units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Palau (with a CAGR of +79.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Canada ($124M), Qatar ($67M) and Germany ($38M) appeared to be the countries with the highest levels of imports in 2022, together accounting for 23% of global imports. Hong Kong SAR, Romania, the Netherlands, Nicaragua, India, Azerbaijan, Spain, Slovenia, the United States and Palau lagged somewhat behind, together comprising a further 18%.

Among the main importing countries, Palau, with a CAGR of +57.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average fire-fighting vehicle import price stood at $222,078 per unit in 2022, falling by -16.4% against the previous year. In general, the import price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2017 an increase of 19% against the previous year. Over the period under review, average import prices attained the maximum at $329,254 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($462,660 per unit), while Palau ($1,240 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+3.7%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Fire-Fighting Vehicles

In 2022, overseas shipments of fire-fighting vehicles decreased by -14.2% to 4.2K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 18% against the previous year. Over the period under review, the global exports hit record highs at 4.8K units in 2021, and then dropped in the following year.

In value terms, fire-fighting vehicle exports contracted dramatically to $998M in 2022. Overall, exports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2014 with an increase of 17% against the previous year. As a result, the exports attained the peak of $1.6B. From 2015 to 2022, the growth of the global exports remained at a lower figure.

Exports By Country

The biggest shipments were from the United States (738 units), Germany (512 units) and Austria (488 units), together finishing at 42% of total export. Italy (281 units) held a 6.8% share (based on physical terms) of total exports, which put it in second place, followed by China (6.7%). Japan (170 units), Portugal (153 units), the Netherlands (144 units), Poland (135 units), Spain (100 units), Turkey (94 units), France (89 units) and Croatia (84 units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +21.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($192M), Austria ($188M) and Germany ($179M) constituted the countries with the highest levels of exports in 2022, together accounting for 56% of global exports. Italy, Portugal, China, Turkey, Spain, Poland, France, Croatia, Japan and the Netherlands lagged somewhat behind, together accounting for a further 22%.

In terms of the main exporting countries, China, with a CAGR of +8.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average fire-fighting vehicle export price stood at $240,373 per unit in 2022, with a decrease of -12.4% against the previous year. Over the period under review, the export price saw a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of 12%. The global export price peaked at $382,824 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Austria ($385,289 per unit), while the Netherlands ($51,503 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.6%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform