The global Rescue Pole Market is estimated to be valued at US$ 12.64 Bn in 2023 and is expected to exhibit a CAGR of 19% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Rescue poles are long poles usually made of fiberglass that allows workers to rescue a person in danger from heights. They have a hook or grip at one end to pull or guide the person to safety. Rescue poles provide an important safety measure for workers at height on constructions sites, buildings, bridges etc.
Market key trends:
Growing construction industry globally is driving demand for rescue poles as more workers are exposed to work at heights on construction sites. Stringent regulations in developed economies regarding worker safety at height has boosted adoption of rescue poles. Lightweight and durable fiberglass made rescue poles allowing easy and safe handling of victims are gaining popularity. Introduction of rescue poles with multiple accessories like belts, harness etc integrated into single pole providing fall prevention as well as rescue is a key trend.
SWOT Analysis
Strength: Rescue poles offer a reliable and effective solution for rescuing people from water during emergencies. They provide rescue operators with reach and leverage without entering the water.
Weakness: Rescue poles require training for proper handling and operation especially during high risk rescue missions. Improper use may lead to injuries or accidents.
Opportunity: Growth in maritime, offshore, and recreational boating industries in emerging economies presents an opportunity for rescue pole manufacturers to expand their business.
Threats: Presence of alternative rescue equipment and the requirement of frequent maintenance and replacement of parts poses threats to market players. Strict regulations regarding approval and compliance of safety equipment also impact business.
Key Takeaways
The global Rescue Pole Market Size is expected to witness high growth, exhibiting CAGR of 19% over the forecast period, due to increasing maritime and offshore activities. The market size for rescue poles was valued at US$ 12.64 Bn in 2023.
Regional analysis: The Asia Pacific region dominated the global rescue pole market in 2023 and is expected to grow at a high rate during the forecast period. This can be attributed to the expansion of shipping industries and growing recreational boating activities in countries such as China, Japan, and India. North America and Europe are also major markets for rescue poles owing to stringent maritime safety regulations and presence of major industry players.
Key players: Key players operating in the rescue pole market are Super Vac, Ziamatic Corp., Akron Brass Company, Fire Hooks Unlimited, Inc., Tempest Technology Corporation, CMC Rescue, Inc., SavaTech Corp., Water Rescue Innovations, RUTH LEE Ltd., Mustang Survival, DURATEK Inc., Safety & Rescue Australia, WernerCo, Sterling Rope Company, Inc., PETZL Distribution.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
