Rescue Pole Market Poised To Grow Significantly Due To Rising Inclination Towards Safety
The rescue pole, also known as a safety pole, is a long pole, often made of fiberglass, that is used as a safety device for ice fishermen and others working on frozen bodies of water such as lakes or rivers. Rescue poles allow fishermen and others walking on the ice to pull themselves back to safety if the ice breaks under their feet and they begin to fall through. They work by allowing the fisherman or other person to quickly position the pole on stable ice behind them when they feel the ice cracking, and then grasp or clip onto the pole to help pull themselves to safety. The rescue pole easily glides across the ice surface, which allows for efficient self-rescue. 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 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers for the rescue pole market is the rising inclination towards safety, especially while undertaking activities such as ice fishing, which presents the risk of falling through thin ice. Rescue poles provide an efficient self-rescue option to quickly pull oneself back to stable ice. Furthermore, with climate change leading to uncertain winters and unpredictable ice conditions in various regions, more fishermen and others are opting for rescue poles or ice awls as essential safety gear. Additionally, increased marketing and promotion of using rescue poles as a best practice for safety by ice fishing equipment manufacturers and winter sports associations is also fueling growth of the market.
SWOT Analysis
Strength: Rescue pole has enhanced safety features which helps in rescuing people during emergencies or accidents. The poles are long and sturdy which enables rescuing from heights and difficult terrains. It has a strong hook at the end which helps in securely catching and pulling the person in distress.
Weakness: Rescue poles are heavy and bulky to carry around. Their handling and maneuvering requires special training. During severe weather conditions like strong winds, their effectiveness can reduce.
Opportunity: With rising accidents and emergency cases globally, the need for advanced rescue equipment is increasing. There is scope to integrate additional safety features in rescue poles like lights, first aid kits to enhance their functionality. Developing lightweight yet durable materials can help address current limitations.
Threats: Presence of alternative rescue equipment like ropes, harnesses poses competition. Economic slowdowns can impact safety budgets and discourage procurement of such specialized equipment. Stringent regulations pertaining to import of raw materials can raise production costs.
Key Takeaways
The global Rescue Pole Market Growth is expected to witness high growth over the forecast period of 2023 to 2030. Currently valued at US$ 12.64 billion in 2023, the market is projected to reach US$ 27.92 billion by 2030, reflecting a CAGR of 10%.
Regional analysis comprises: North America dominates the rescue pole market currently due to stringent workplace safety standards and protocols in industrial sectors. Europe follows next on account rapid infrastructure development projects requiring safety of construction workers. The Asia Pacific region is expected to witness fastest growth in demand for rescue poles with increasing construction activities and industrialization. Countries like China and India will be key markets.
Key players operating in the Rescue Pole market are Trimble, Topcon, Raven Industries, KUBOTA, Teletrac Navman, AGCO, Aagland, Lely, AgJunction, Robert Bosch, AgLeader Technology, AgEagle, DICKEY John, CLAAS, CNH Industrial, BouMatic, Hexagon Agriculture and Farmers Edge. These companies are focusing on development of innovative and lightweight pole designs integrated with advanced monitoring systems for enhanced safety and functionality. Partnerships with e-commerce channels will help strengthen distribution networks.
For more insights, read- https://cmiinfonest.blogspot.com/2023/12/rescue-pole-market-growth-accelerated.html
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