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Defence Fire Tender Vehicle Market Segmented By type such as Foam Tenders, Combined Foam, Mini Foam, Water Tenders, Dry Chemical Powder Tenders with product such as Tankers, Pumpers, Aerial Platforms, Rescue Fire Tender Vehicles
Defence fire tender vehicles are primarily utilized in air forces, ordinance factories, and navy departments, among others. Defence fire tender vehicles are available in various capacity ranges along with various accessories. Defence fire tender vehicles are also available in various types such as pumpers, tankers, aerial platforms, rescue vehicles, etc.
The introduction of vehicles tailored to customer requirements and an exceptional fire-fighting range of around 140 meters are found to be the key trends in the defence tender vehicle market across the globe. Fire tender vehicles are utilized for various applications in the defence industry by ground forces, maritime forces, air forces, etc.
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Rising defence spending and increasing focus on reducing the reliance on imports are expected to assist the sales of defence fire tender vehicles, and, in turn, escalate the growth of the global defence fire tender vehicle market.
The manufacturing of vehicles while adhering to stringent governmental regulations and specifications is found to be the key challenge identified in the global market place, which, in turn, is expected to hinder the growth of the global defence fire tender vehicle market.
Manufacturers of defence fire tender vehicles are found to be involved in long-term supply contracts and agreements in order to remain dominant in the market.
North America is expected to own a lion’s share in the global defence fire tender vehicle market. The sales of defence fire tender vehicles is maximum in North America, supported by the increasing defence spending in the United States. North America is expected to be followed by the Asia Pacific region over the forecast years.
Asia Pacific is spearheaded by China, because in year 2018, China’s defence budget grew significantly and reached nearly US$ 175 Bn. The market in Asia Pacific is expected to witness maximum growth in the global defence fire tender vehicle market over the forecast years.
Asia Pacific is anticipated to be followed by Europe in the global defence fire tender vehicle market over the near future. Latin America and the Middle East & Africa, together, account for a small share in the global defence fire tender vehicle market. However, sales are expected to grow at an above average growth rate over the forecast years.
Some of the key players involved in the global defence fire tender vehicle market include Tata Motors, Sides, Iturri Group, Brijbasi Hi-Tech Udyog Ltd., CARROZZERIA CHINETTI S.R.L., ANGLOCO LIMITED, TATRA TRUCKS A.S., Iveco – A CNH INDUSTRIAL COMPANY, Deccan Engineering Enterprises, Agni Industries Fire Service, and others.
The defence fire tender vehicle market is expected to be consolidated across the globe, owing to the presence of a small number of players in the market. Key manufacturers in the global defence fire tender vehicle market are found to be involved in the production of vehicles taking risks in mind such as route of transportation, sites, etc.
The research report presents a comprehensive assessment of the defence fire tender vehicle market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to defence fire tender vehicle market segments such as geography, type, product type, vehicle type, end use, and sales channel.
The market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various factors on defence fire tender vehicle market segments and geographies.