Fire Truck Manufacturing in the US - Industry Market Research Report
Description
Fire Truck Manufacturing in the US
The Fire Truck Manufacturing industry largely depends on government funding. Over the past five years, local and state government funding has decreased, reducing manufacturers' spending on new firefighting vehicles. However, federal funding for homeland security has grown, contributing to increased funding for the Assistance to Firefighters Grant (AFG) program. The AFG program assists fire departments in acquiring new vehicles and outfitting departments with safety equipment, which has grown to $370.0 million in 2023, up from $350.0 million in 2018. Over the five years to 2023, revenue has fallen at a CAGR of 6.0% to $2.2 billion, including an expected 2.1% increase in 2023. Profit is expected to account for 4.2% of revenue in 2023, remaining relatively unchanged from 2018.
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.
The Fire Truck Manufacturing industry largely depends on government funding. Over the past five years, local and state government funding has decreased, reducing manufacturers' spending on new firefighting vehicles. However, federal funding for homeland security has grown, contributing to increased funding for the Assistance to Firefighters Grant (AFG) program. The AFG program assists fire departments in acquiring new vehicles and outfitting departments with safety equipment, which has grown to $370.0 million in 2023, up from $350.0 million in 2018. Over the five years to 2023, revenue has fallen at a CAGR of 6.0% to $2.2 billion, including an expected 2.1% increase in 2023. Profit is expected to account for 4.2% of revenue in 2023, remaining relatively unchanged from 2018.
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.
Table of Contents
44 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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