Auto Fire Extinguisher Market: Introduction
An auto fire extinguisher is an active fire safety equipment used in emergency situations. Auto fire extinguishers are a vital component in vehicles. These extinguishers can be mounted using various method. However, the most common area where an auto fire extinguisher is mounted is the bottom front of the driver’s seat. Although it’s not the law to carry these extinguishers, however, it is highly recommended to install these for fire protection as in an event of a serious incident, a fire extinguisher can be a life saving device. Different types of extinguishing agents, such as dry chemicals, carbon dioxide, foam and others are used for extinguishing different type of fires, such as Class A, Class B, Class C and Class D. The most preferred fire extinguisher, by type, in the current market scenario is the dry chemical auto fire extinguisher.
Auto Fire Extinguisher Market: Dynamics
The recovery of the automotive industry over the past couple of years, backed by rapid economic growth, has fueled sales of passenger cars. Further, due to expanding public transport infrastructure, construction activity and goods transportation, LCV and HCV demand is expected to increase significantly in years to come. Hence, increasing vehicle parc coupled with increased safety concerns will propel the demand for fire extinguishers in the market.