Fire Extinguisher for Vehicle Market to Witness Significant Growth through 2025
Expanding public transport
infrastructure and increasing need for safety equipment to drive global fire
extinguisher for vehicle market
According
to TechSci Research report, “Global Fire
Extinguisher for Vehicle Market By Product Type (Dry Chemical, Foam, CO2,
Others), By Vehicle Type (Passenger Car, Heavy Commercial Vehicle (HCV), Light
Commercial Vehicles (LCV)), By Region, Forecast & Opportunities, 2025”, the market
is expected to undergo a substantial growth during the forecast period owing to
expanding public transport infrastructure around the world. With increasing
fleet size, there is a constant requirement of active fire safety equipment which
can be used in emergency situations. Moreover, rising demand for passenger cars
is also acting as a major booster for the market as fire extinguishers are now
a vital component of passenger vehicles. Also, rapid economic growth and
recovery of automotive industry over the past couple of years is supporting the
growth of fire extinguisher for vehicles market.
Additionally, governments across various regions and
countries are implementing, regulating and making it mandatory to install fire
extinguishers in vehicles. Therefore, stringent regulations over installation
of fire extinguishers in vehicles are expected to augment the growth of this
market. Furthermore, the availability of variety of products, including compact
and light-weight fire extinguishers is supplementing the market growth. However,
global fire extinguisher for vehicle market might also facing some restrains.
In most of the countries, there is a lack of rules and regulations pertaining
to the installation of fire extinguishers in vehicles. This is expected to
hamper the market growth. Also, many consumers are reluctant to install fire
extinguishers in their vehicle due to lack of awareness.
Browse
XX market data Tables and XX Figures spread through XXX
Pages and an in-depth TOC on"Global Fire Extinguisher for
Vehicle Market"
https://www.techsciresearch.com/report/fire-extinguisher-for-vehicle-market/5014.html
The global
fire extinguisher for vehicle market is segmented based on product type,
vehicle type and region. Based on product type, the market is segmented into dry
chemical, foam, CO2 and others. Among them, the dry chemical fire extinguisher
is the most preferred one in vehicles and is expected to dominate the global
market through 2025. They are extremely effective at putting out Class A, B and
C fires.
Based
on vehicle type, the global fire extinguisher for vehicle market is categorized
into passenger car, Heavy Commercial Vehicle (HCV) and Light Commercial
Vehicles (LCV). Among them, the passenger car segment is expected to undergo
fastest growth during the forecast period. The spike in manufacturing and sale
of passenger vehicles and growing awareness about fire safety are expected to
fuel the demand for fire extinguishers for vehicles through 2025.
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. Manufacturers are investing on new product launches
and undergoing partnerships to increase their global market share.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=5014
Customers can also request for 10% free
customization on this report.
“North America is expected to dominate the global fire
extinguisher for vehicle market during the forecast period owing to expanding
vehicle fleet size and increasing awareness towards fire safety in the region.
Europe is also expected to hold a significant market share followed by Asia
Pacific. The two regions are witnessing rapid automobile production and
positive economic outlook, thereby acting as lucrative market for fire
extinguisher for vehicle manufacturers,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global
Fire Extinguisher for Vehicle Market By Product Type (Dry Chemical, Foam, CO2,
Others), By Vehicle Type (Passenger Car, Heavy Commercial Vehicle (HCV), Light
Commercial Vehicles (LCV)), By Region, Forecast & Opportunities, 2025” has
evaluated the future growth potential of global fire extinguisher for vehicle market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global fire extinguisher for vehicle market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]