Fire Truck Manufacturing
Over the five years to 2018, revenue for the Fire Truck Manufacturing industry is expected to increase. Over the past five years, local and state governments increased investment and federal assistance rose. Furthermore, funding for the Assistance to Firefighters Grant (AFG) program, which serves to assist fire departments in acquiring new vehicles and outfitting departments with safety equipment, is anticipated to rise during the five-year period, enhancing fire departments' ability to purchase new fire trucks. Beyond local and state funding, the industry depends on federal funding for homeland security, particularly for the AFG program, which helps firefighters and their respective departments obtain vehicles, equipment, protective gear, training and other resources needed to properly protect the public from fire hazards. Over the next five years, the industry is expected to remain relatively stagnant as local and state funding are anticipated to grow at a slower rate, stifling sales. As funding growth slows, spending on new fire trucks and engines will also slow, diminishing demand at the manufacturing level.
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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