The 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 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Rescue poles are emergency response tools used during water rescue operations. They are made of telescoping aluminum or fibreglass poles with hooks, cords, and lifelines attached. They allow rescuers to extend their reach while remaining safe on the shore or boat. Rescue poles are used by lifeguards, firefighters, and emergency responders dealing with water accidents to help people in distress from a safe distance without getting in the water.

Market Dynamics:
The rescue pole market is driven by the increasing number of drowning accidents globally along with rising participation in water sports and recreational activities near pools, lakes, beaches and oceans. According to WHO, drowning remains a major killer that accounts for 7% of all deaths worldwide of children and young people aged 5-24 years. This rising death count is prompting lifeguards, rescuers and governments to strengthen water safety measures including adoption of rescue poles. Similarly, growing tourism industry and proliferation of water parks are also contributing to higher demand for suitable life saving equipment like rescue poles and ropes during emergencies.

SWOT Analysis:

Strength: The rescue pole market has been witnessing considerable demand owing to the increasing number of fire and water rescue operations globally. Rescue poles are extremely durable and withstand harsh conditions. They provide reliable and efficient water and fire rescues and are cost effective.

Weakness: Limited product differentiation among vendors narrows customer choices. Certain materials used in manufacturing rescue poles such as fiberglass and aluminum lack durability in comparison to other high-strength materials. Substitute products such as life hooks and rescue buoys can replace rescue poles for select rescue operations.

Opportunity: Significant growth in marine and offshore industries in regions such as Asia Pacific and Middle East & Africa is expected to drive the rescue pole market. Advancements in material sciences are allowing manufacturers to develop rescue poles with enhanced durability, lightweight, and extended operational lifespan.

Threats: Stricter regulatory environment pertaining to product certification is anticipated to increase compliance costs. Economic slowdowns can negatively impact capital investments toward rescue equipment.

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 marine accidents globally. Safety regulations mandating deployment of rescue equipment at sea are driving the rescue pole market.

The Asia Pacific region dominated the global rescue pole market in 2023 and is expected to maintain its leading position during the forecast period. This is attributed to rise in maritime trade, increase in offshore energy projects and safety expenditure in the region. Countries such as China, Japan and India are globally significant ship owning nations which is anticipated to propel the rescue pole adoption.

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., and PETZL Distribution.

Read More: https://www.dailyprbulletin.com/rescue-pole-market-trends-growth-and-regional-outlook/