Some of the factors that boost residential & commercial applications and technological advancements and rise in demand for safety in developed and developing economies is expected to spur the demand during the forecast period. However, high cost of fire trucks is one of the major industry challenges impacting the market growth. Furthermore, increasing R&D investments by manufacturers to commercialize electric versions of these municipal fire fighting vehicles is expected to offer lucrative opportunities for the market during the forecast period.
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Key Market Players
- Rosenbauer
- Empl Fahrzeugwerk
- Oshkosh
- Morita Group
- Magirus Group
- REV Group
- Iturri Group
- Spartan
- Chase Enterprise
- Ziegler
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COVID-19 scenario analysis:
- As the COVID-19 crisis started, public life in many countries is affected, with almost every sector suffering due to the pandemic.
- The most immediate and visible effect of COVID-19 in the traditional automotive sector is the standstill of production by many OEMs, which has affected the market.
- Public-transit ridership has declined to a much larger extent across the globe and operators are burdened with uncertainty and potential need to implement strict protocols.
- Ride hailers have also experienced a decline in business and many micro-mobility and carpooling players have suspended their services.
- Some governments have launched initiatives to support mobility start-ups that were hit hard by the crisis, but low cash reserves and a lack of capital in the market will affect the market.
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Key benefits of the report:
- This study presents the analytical depiction of the municipal fire fighting vehicles market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the municipal fire fighting vehicles market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the municipal fire fighting vehicles market scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed municipal fire fighting vehicles market analysis based on competitive intensity and how the competition will take shape in the coming years.
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Questions answered in the municipal fire fighting vehicles market research report:
- Which are the leading market players active in the municipal fire fighting vehicles market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the municipal fire fighting vehicles market?
- What are the projections for the future that would help in taking further strategic steps?
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