Ring the alarm: Local and state funding are anticipated to continue decreasing, hindering revenue

Over the five years to 2017, revenue for the Fire Truck Manufacturing industry is expected to increase. During the past five years, local and state governments struggled to balance their budgets and federal assistance plunged. 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 plummet over the period, stifling fire departments' ability to purchase new fire trucks. However, the industry is cyclical and tends to ebb and flow with the overall economy. As a result, demand for industry products improved in the five-year period as fire departments released pent-up demand for new fleet...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
2.0%
Forecast Growth 17-22
Profit
Employment
3,061
Businesses
40

Industry Threats & Opportunities

  • Beyond local and state funding, the industry depends on federal funding for homeland security, particularly for the AFG program
  • In light of falling funds, internal competition is expected to decrease as operators exit the industry
  • Profit is expected to benefit from cost-cutting measures
  • Industry Report - Industry Investment Chapter

    The Fire Truck Manufacturing industry carries a medium level of capital intensity. For every $1.00 spent on labor, the average company will invest about $0.17 in capital equipment. Due to the size and scope of this industry, large-scale production requires significant capital investment. One of the largest forms of capital investment during the past five years has come from the change in the manufacturing process and the move toward automated production. The use of robots and other computer-based technology for repetitive manufacturing activity has become the norm for fire truck manufacturers. Automation has resulted in faster production lines, while eliminating other superfluous operating costs. Fir...purchase to read more.

    Additional Insights for the Fire Truck Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fire Truck Manufacturing Industry are

  • Establishment of growing markets
  • Access to the latest available and most efficient technology and techniques
  • Ability to take advantage of downstream government subsidies and grants
  • IBISWorld analysts also discuss how external factors such as Local and state government investment and Federal funding for homeland security in the Fire Truck Manufacturing industry impact industry performance..

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    What's in this report

    What is the Fire Truck Manufacturing Industry?

    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.

    Industry Products
  • Produced on purchased chassis - 19,500 lb or less
  • Produced on purchased chassis - 19,500 lb or greater
  • Firefighting vehicles (chassis of own manufacturer)
  • Industry Activities
  • Firefighting vehicle (chassis of own manufacturer)
  • Firefighting vehicle (produced on purchased chassis)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Local and state government investment
  • Federal funding for homeland security
  • Average age of vehicle fleet
  • Trade-weighted index
  • World price of steel

  • Current Performance
  • Fire departments and local budgets
  • The AFG program
  • Industry contracts
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Upgrades and trade
  • Government funding
  • Table: Fire Truck Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fire Truck Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Automobile Wholesaling
  • Public Administration

  • Key Selling Industries
  • Automobile Brakes Manufacturing
  • Automobile Electronics Manufacturing
  • Automobile Engine & Parts Manufacturing
  • Automobile Interior Manufacturing
  • Automobile Steering & Suspension Manufacturing
  • Automobile Transmission Manufacturing
  • Iron & Steel Manufacturing
  • Tire Wholesaling

  • Products & Services
  • Firefighting vehicles (chassis of own manufacturer)
  • Produced on purchased chassis - 19,500 lb or greater
  • Produced on purchased chassis - 19,500 lb or less
  • Chart: Fire Truck Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Volunteer fire departments
  • Combination career and volunteer fire departments
  • Exports
  • Career fire departments
  • Chart: Major Market Segmentation for the Fire Truck Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Fire Truck Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fire Truck Manufacturing Industry

  • Industry Globalization
    Oshkosh Corporation, REV Group Inc., Rosenbauer International AG,
  • Table: Oshkosh Corporation - financial performance
  • Table: REV Group Inc. - financial performance
  • Table: Rosenbauer International AG - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fire Truck Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fire Truck Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Local and state government investment (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Chassis
  • The base frame of a motor vehicle or other wheeled conveyance.
  • Department Of Homeland Security (Dhs)
  • A cabinet department of the US federal government that is primarily responsible for protecting the United States and its territories.
  • Environmental Protection Agency (Epa)
  • A federal agency that monitors and sets guidelines for procedures and substances that may have environmental consequences.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Fire Truck Manufacturing is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fire Truck Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fire Truck Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fire Truck Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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