Fire Truck Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: January 2024
NAICS OD5645Revenue
$2.2bn
Past 5-Year Growth
Profit
$XX.Xm
Employees
6,505
Businesses
53
Wages
$XXX.Xm
Fire Truck Manufacturing in the US industry analysis
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.The pandemic had an adverse effect on the industry's performance in 2020. Supply chain disruptions and labor shortages contributed to steep revenue declines in 2020. Although, the accumulated backlog and continuous demand for firefighting vehicles have boosted revenue growth in the latter part of the current period. The industry's consolidation level has continued to climb, with the top three players accounting for over one-third of revenue in 2023. Over the past five years, the acquisition of Spartan Emergency Response by Rev Group Inc. in February 2020 has contributed to the rising market share concentration. Meanwhile, emerging opportunities in renewable energy have led some operators to focus more on zero-emission vehicles. In June 2021, the City of Madison Fire Department placed the nation's first electric firefighting vehicle into service, signaling a new milestone for the Fire Truck Manufacturing industry.Over the next five years, revenue is expected to grow, driven by an improving economy and growing local and state government investment. In addition, as the fleet of fire trucks and engines is aging, fire departments are expected to invest more in new firefighting vehicles. Due to growing demand for products and rising profit, the number of companies in the industry is expected to climb. Overall, revenue is forecast to climb at a CAGR of 1.3% to $2.4 billion over the five years to 2028.
Trends and Insights
- The pandemic negatively impacted the industry. Supply chain disruptions, labor shortages and delayed customer final inspections contributed to revenue declining.
- The Aircraft Rescue Fire Fighting (ARFF) trucks segment declined over the past five years. Amid the pandemic, reduced international flights caused the decline in this segment.
- Fire truck manufacturers concentrate in regions with major ports or in proximity to the industry’s largest trading partner in Canada. This can reduce additional transportation costs.
- Manufacturers compete on price and ability to meet customer specifications. Some manufacturers establish in-house chassis production to help reduce costs and better compete against industry competitors.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 6.0 % over the past five years, to reach an estimated $2.2bn in 2024.
Trends and Insights
The pandemic adversely affected the industry
- The outbreak of the pandemic had an adverse effect on the industry's performance in 2020, driven by supply chain disruptions, labor shortages, delayed customer final inspections and declines in certain downstream markets.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Vehicle upgrades will contribute to industry growth
- Revenue will grow as the economy continues to improve and new and replacement demand supports the industry. Fire departments are expected to seek more fuel-efficient vehicles compared with the older models they held onto during the period of limited funding.
Biggest companies in the Fire Truck Manufacturing in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Rev Group, Inc. | 1,080.7 | 150.3 | 13.9 | |
Oshkosh Corporation | 82.5 | 5.3 | 6.4 | |
Rosenbauer International Ag | 19.7 | 0.7 | 3.7 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Fire engines, Fire trucks and ARFF trucks and other vehicles. Fire engines is the largest segment of the Fire Truck Manufacturing in the US.
Trends and Insights
The fire engine segment remains the largest for manufacturers
- A fire engine, also known as a pumper, is the most common fire apparatus in fire department fleets, which accounts for over one-half of revenue in 2023.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- SUV & Light Truck Manufacturing in the US
- Truck & Bus Manufacturing in the US
- Train, Subway & Transit Car Manufacturing in the US
- Tank & Armored Vehicle Manufacturing in the US
International industries
- Global Car & Automobile Manufacturing
- Car & Automobile Manufacturing in Canada
- Motor Vehicle Manufacturing in Australia
- Motor Vehicle and Parts Manufacturing in New Zealand
- Motor Vehicle Manufacturing in the UK
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Manufacturing of fire enginesManufacturing of fire trucksManufacturing of aircraft rescue fire fighting vehiclesCompanies
Rev Group, Inc.Oshkosh CorporationRosenbauer International AgPurchase this report to view all 3 major companies in this industry.
Related Terms
CHASSISENVIRONMENTAL PROTECTION AGENCY (EPA) DEPARTMENT OF HOMELAND SECURITY (DHS)Industry Code
NAICS 42311 - Fire Truck Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The pandemic negatively impacted the industry. Supply chain disruptions, labor shortages and delayed customer final inspections contributed to revenue declining.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The Aircraft Rescue Fire Fighting (ARFF) trucks segment declined over the past five years. Amid the pandemic, reduced international flights caused the decline in this segment...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Fire truck manufacturers concentrate in regions with major ports or in proximity to the industry’s largest trading partner in Canada. This can reduce additional transportatio...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Manufacturers compete on price and ability to meet customer specifications. Some manufacturers establish in-house chassis production to help reduce costs and better compete a...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The largest manufacturers compete in a global market. The largest companies also have a diversified product portfolio.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Rev Group, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Oshkosh Corporation's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Rosenbauer International Ag's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Rev Group, Inc., and factors influencing its performance in the industry
- Description and key data for Oshkosh Corporation, and factors influencing its performance in the industry
- Description and key data for Rosenbauer International Ag, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The National Fire Protection Association (NFPA) provides requirements for fire apparatus. Although NFPA standards are not enforced legally, manufacturers monitor changes in t...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Wages hike despite increased automation. Manufacturers require highly skilled employees like engineers.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Fire Truck Manufacturing in the US industry in United States in 2024?
The market size of the Fire Truck Manufacturing in the US industry in United States is $2.2bn in 2024.
How many businesses are there in the Fire Truck Manufacturing in the US industry in 2024?
There are 53 businesses in the Fire Truck Manufacturing in the US industry in United States, which has declined at a CAGR of 0.4 % between 2019 and 2024.
Has the Fire Truck Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Fire Truck Manufacturing in the US industry in United States has been declining at a CAGR of 6.0 % between 2019 and 2024.
What is the forecast growth of the Fire Truck Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Fire Truck Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Fire Truck Manufacturing in the US market in United States?
The biggest companies operating in the Fire Truck Manufacturing market in United States are Rev Group, Inc., Oshkosh Corporation and Rosenbauer International Ag
What does the Fire Truck Manufacturing in the US in United States include?
Manufacturing of fire engines and Manufacturing of fire trucks are part of the Fire Truck Manufacturing in the US industry.
Which companies have the highest market share in the Fire Truck Manufacturing in the US in United States?
The company holding the most market share in United States is Rev Group, Inc..
How competitive is the Fire Truck Manufacturing in the US industry in United States?
The level of competition is moderate and increasing in the Fire Truck Manufacturing in the US industry in United States.
