Global fire extinguisher for vehicle market is expected to undergo significant CAGR growth during the forecast period owing to thriving automotive industry and rapid economic growth around the globe. The increasing requirement for fire safety equipment for vehicles under emergency situations are acting as a key factor for the market growth. Additionally, spike in production and demand for passenger vehicles is also supporting the growth of fire extinguisher for vehicle market. With expanding transport infrastructure around the world and increasing fleet size, the market is anticipated to growth further through 2027.
Fire extinguishers are gradually becoming vital components in vehicles and can be a life saving device. The most common place where a fire extinguisher is mounted in a vehicle is the bottom front of the driver’s seat. Furthermore, the availability of variety of products, including compact and light-weight fire extinguishers are expected to augment the market growth in coming years.
The global fire extinguisher for vehicle market is segmented based on product type, vehicle type and region. Based on vehicle type, market is segmented into passenger car, heavy commercial vehicle (HCV) and light commercial vehicles (LCV). Among these, the passenger car segment is expected to undergo fastest growth through 2027 owing to increasing production and sale of passenger vehicles around the world. Also, the growing awareness about fire safety is creating demand for fire extinguishers among passenger car owners.
Regionally, North America is anticipated to dominate the global fire extinguisher for vehicle market during the forecast period owing to rising awareness about fire safety and expanding fleet size in the region. However, Europe and Asia Pacific are expected to undergo fastest growth through 2027 owing to increasing automobile production in these two regions.
Major players operating in the global fire extinguisher for vehicle market include Amerex Corporation, H3R Performance, Inc., Buckeye Fire Equipment Company, United Technologies Corporation, Britannia Fire Ltd, Ceasefire Industries Pvt. Ltd, Yamato Protec Corporation., HOCHIKI Corporation, Flamestop Australia Pty Ltd and Johnson Controls International plc. The companies are coming up with new product launches to enhance their product portfolio. They are also undertaking growth strategies like partnerships and acquisitions to increase their global market share.
Objective of the Study
- To analyze and estimate the market size of global fire extinguisher for vehicle market from 2017 to 2020.
- To estimate and forecast the market size of global fire extinguisher for vehicle market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global fire extinguisher for vehicle market based on product type, vehicle type, company and regional distribution.
- To identify dominant region or segment in the global fire extinguisher for vehicle market.
- To identify drivers and challenges for global fire extinguisher for vehicle market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global fire extinguisher for vehicle market.
- To conduct pricing analysis for global fire extinguisher for vehicle market.
- To identify and analyze the profile of leading players operating in global fire extinguisher for vehicle market.
- To identify key sustainable strategies adopted by market players in global fire extinguisher for vehicle market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of fire extinguisher for vehicle manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers who could not be identified due to the limitations of secondary research. Market insights research analyzed the materials used in manufacturing fire extinguisher for vehicle, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Fire extinguisher for vehicle manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to fire extinguisher for vehicle
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as fire extinguisher for vehicle manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
