by 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:
A rescue pole is a safety device used in various rescue operations including water rescues. It has a hook at one end to grab or pull people in danger and reach areas that are otherwise difficult to access. Rescue poles are long, sturdy bamboo or fiberglass poles with a steel hook or clip on one end for grabbing or securing safety lines. They provide stability, leverage, and reach which helps in safely retrieving people during water rescues without having to enter dangerous waters. Rescue poles find applications across public safety organizations like lifeguards, fire departments, and search and rescue teams. Their light weight and extended reach make them ideal for safely performing rescues without risking additional lives of rescuers.
Market key trends:
Increasing water recreation activities and accidents is a key driver boosting adoption of rescue poles. According to National Safety Council, around 4,000 people die every year due to drowning in the United States alone. Additionally, coastal cities across the world are witnessing rising tourism which is further increasing the chances of water accidents. This is prompting governments and municipalities to better equip public safety organizations with safety gear like rescue poles. Another major trend is product innovation leading to development of advanced composite poles with better grip, extended reach and lightweight design for easy deployment even from boats or bridges. Manufacturers are also offering custom length poles, pole bundles and accessories like clips, carabiners and gloves tailored for specific applications.
Porter’s Analysis
Threat of new entrants: Low startup costs and lack of patents allow easy entry into this market. However, established players enjoy economies of scale and brand recognition which deters new competition.
Bargaining power of buyers: Buyers have moderate bargaining power since rescue poles are necessary safety equipment. However, availability of substitutes provide options.
Bargaining power of suppliers: Suppliers of raw materials enjoy low bargaining power due to availability of alternative suppliers.
Threat of new substitutes: Substitutes like life rings and safety ropes pose minimal threat due to rescue poles’ durability and functionality.
Competitive rivalry: High.
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 safety regulations at construction and mining sites.
The Asia Pacific region is expected to witness fastest growth in the rescue pole market, owing to rising construction activities and safety awareness in China and India. The North American market will continue to dominate the global rescue pole market during the forecast period.
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. Key players are focusing on product innovation and expansion in emerging markets to gain higher shares.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
