May 23, 2024
Rescue Pole Market

Rescue Pole Market Is Expected To Be Flourished By Growing Focus On Farm Safety And Health

A rescue pole, also known as an agricultural rescue pole, is a telescopic and retractable pole installed on tractors and other farm equipment. It aids in rescuing a person trapped or pinned underneath heavy machinery or an overturned vehicle. Rescue poles allow operators to lift or stabilize heavy objects and are commonly used to free limbs, legs, or the entire body of a victim trapped in dangerous situations. They provide leverage by allowing pinned objects to be lifted or repositioned, reducing trapped pressure points. The global rescue pole market comprises manufacturers and suppliers of rescue poles for agricultural and construction equipment.

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:

Growing Focus on Farm Safety and Health: The focus on farm safety and health has increased substantially driven by rising agricultural mechanization. According to the National Institute for Occupational Safety and Health (NIOSH), over 550 farmers and agricultural workers die each year from work-related injuries in the United States alone. Most of these deaths involve tractors overturning or workers being pinned or crushed by heavy equipment. The adoption of rescue poles for tractors and harvesters has emerged as an effective solution to minimize such accidents, allowing operators to lift heavy objects quickly in emergency situations. This growing focus on farm safety and health is expected to boost demand for rescue poles over the forecast period.

Opportunity for Technological Advancements: Many leading players are investing in research and development activities to develop technologically advanced rescue poles with features such as remote-controlled operation and built-in sensors for detecting pin-point locations. This presents an opportunity for manufacturers to introduce innovative rescue pole solutions integrated with the latest technologies, helping rescue workers in more efficient handling of emergency situations.

Segment Analysis

The global rescue pole market is dominated by the fire rescue segment. This segment accounted for over 70% share in 2022 owing to increasing adoption of rescue poles by fire departments across regions for efficient rescue operations during fire accidents. The fire rescue segment is followed by the industrial rescue segment which dominates due to safety regulations mandating use of rescue equipment in industries such as oil & gas, mining, and construction.

PEST Analysis

Political: Growing safety regulations related to workplace safety and emergency rescue are promoting adoption of specialized equipment like rescue poles across industries.
Economic: Increasing industrial and construction activities are propelling demand from the industrial rescue segment. Developing economies are witnessing higher infrastructure development contributing to market growth.
Social: Rising awareness about safety and emergency preparedness among general public and industry workers is a key factor driving the market.
Technological: Manufacturers are focusing on developing lightweight, durable and multifunctional rescue poles with features like remote operation for efficient handling during rescue operations.

Key Takeaways

The global Rescue Pole Market Growth is expected to witness high growth at a CAGR of around 10% during the forecast period of 2023 to 2030.

Regional analysis

The Asia Pacific region dominated the global market in 2022 and is expected to witness the fastest growth over the forecast period. Rapid industrialization and infrastructure development in countries like China and India are leading to increased demand from industries. Regulations in the regions are also promoting adoption of specialized safety equipment.

Key players
Key players operating in the rescue pole market are Trimble, Topcon, Raven Industries, KUBOTA, Teletrac Navman, AGCO, Aagland, Lely, AgJunction, Robert Bosch, AgLeader Technology, and AgEagle.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it