Industry Analysis & Industry Trends
Over the five years to 2015, revenue for the Fire Truck Manufacturing industry is expected to fall as local and state governments struggle to balance their budgets and federal funding appropriations plunges. However, the outlook for the industry is largely positive, with revenue projected to increase over the next five years. The industry will grow along with an improving economy, rising tax revenue and greater local and state funding for fire departments nationwide. Furthermore, because most fire departments put off purchasing new fire trucks during the recession, pent-up demand for the industry will facilitate future growth.... purchase to read more
Industry Report - Starting a New Business Chapter
The Fire Truck Manufacturing industry has moderate barriers to entry. Like most heavy-duty manufacturing industries, the capital requirements of production present a number of costs that can discourage some new entrants. For example, the high capital cost required for developing high-volume production facilities can act as a barrier to entry. The manufacturing of fire trucks or fire engines is typically done on a large scale in order to be profitable. On the other hand, a small company or single proprietors can find some business, though it typically comes by producing custom-built vehicles on custom-built chassis.
The need to comply with stringent environmental regulations requires substantial investment in research and development (R&D); therefore, it can act as a deterrent... purchase to read more