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Extrication Tools Market

Extrication Tools Market Analysis, By Product (Cutting & Spreading, Shoring & Stabilization, Lifting & Wedging), By Power Source (Battery-powered, Corded/Gas Fueled), By Application (Vehicle Extrication, Construction, Fire Rescue and Safety, Military Action) - Global Insights 2023 to 2033

Analysis of Extrication Tools Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Extrication Tools Market Outlook (2023 - 2033)

The global extrication tools market is estimated to reach a valuation of US$ 1,170.9 Million in 2023 and will top US$ 2,082.7 Million by 2033, growing with a CAGR of around 5.9% from 2023-2033.

Extrication tools sales accounted for close to 12% of the overall industrial safety equipment market. The significant demand is generated by the vehicle extrication operations, which will create ample revenue opportunity over the forecast period.

Report Attributes

Details

Extrication Tools Market Size (2022A)

US$ 1,125.4 Million

Estimated Market Value (2023E)

US$ 1,170.9 Million

Forecast Market Value (2033F)

US$ 2,082.7 Million

Global Market Growth Rate (2023-2033)

5.9% CAGR

North America Market Share (2023)

27.4%

North America Market Value (2023)

US$ 321.0 million

Europe Market Share (2023)

29.5%

Europe Market Value (2023)

US$ 345.6 million

China Market Share (2023)

12.2%

China Market Value (2023)

US$ 142.3 million

Market Share of Top 3 Countries

44.3%

Key Companies Profiled

  • Amkus Rescue System
  • Bulldozerfire
  • Champion Rescue Tools
  • Channellock Inc
  • Genesis Rescue Systems
  • Holmatro
  • Hydram
  • IDEX Corporation
  • Libervit
  • Matjack
  • Ogura & Co Ltd
  • Paratech Inc
  • POWER HAWK Technologies Inc
  • REHOBOT Hydraulics AB
  • Res-Q-Jack, Inc
  • Shandong Starye Firefighting Equipment Co, Ltd
  • Shrikrishna Agro Equipment Pvt Ltd
  • Superior Pneumatic
  • Weber-hydraulik GmbH
  • Zimatic Corp

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Sales Analysis of Extrication Tools (2018-2021) Vs. Market Outlook (2023-2033)

Emergency responders employ extrication equipment to help with some small-space rescues as well as the extraction of victims of road accidents. Extrication covers a variety of tools including spreaders, off road rescue supplies, kits, cutters, and other rescue equipment.

When standard evacuation routes are impractical or unavailable, vehicle extrication is the procedure of removing a vehicle from around a person who has been injured in a car accident. Utilization of extrication tools in other emergencies like fire accidents also occurs.

Amongst the regions considered in the market scope, South Asia & Oceania is expected to grow at the fastest pace owing to increasing favorable government regulations, rising automotive sector, and the growing construction industry within the region. Europe is also set to present generous opportunities for the market in the short-to-medium term forecast.

  • Short Term (2023 Q1 to 2026): Increasing number of road accidents is creating a demand for extrication tools.
  • Medium Term (2026- 2029): Increasing number of emergency service providers for uncertainty and disaster management in various countries across the world will to large amount of sales of extrication tools.
  • Long Term (2029- 2033): Integrating new advanced technology for improving the efficiency and cost-effectiveness of the product can open doors to new opportunities for the extrication tools market.

From 2018 to 2022, the global market for extrication tools registered a CAGR of 1.8%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 5.9% CAGR between 2023 and 2033.

Extrication tools market forecast by Fact.MR

Market share analysis of extrication tools based on region and application is provided in the above image. Under the application segment, vehicle extrication sub-segment dominates with 49.3% market share in 2023.

Extrication Tools Market

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What’s Driving High Demand for Extrication Tools across Regions?

“Growing Number of Road Accidents Boosting Extrication Tools Sales”

In 2021, according to a survey, on an average, approximately 10-15 thousand road accidents happen yearly in North America and Europe. Developed economies such as Belgium, Canada, Germany, the U.S., and many others have recorded high numbers of accidents.

In 2021, the U.S. recorded almost 42,915 accidents. From a technological and medical perspective, when traffic occurs due to an accident, severely injured people are trapped, which is a challenging circumstance. The condition of the wounded must not be made worse and immediate medical care and extrication efforts must proceed immediately.

The extrication process at the site of the accident should process immediately. Such vehicle extrication and rescue processes require different types of extrication tools such as cutters, struts, airbags, and other tools. Due to such statistics regarding road accidents, the sales of various extrication tools are expected to rise due to the rise in the number of accidents.

“Increasing Automotive Fleet to Enable More Extrication Tools Sales”

The global automotive manufacturing industry had a revenue generation of US$ 2.86 trillion in 2021. China’s automobile sales reached 2.67 million units in September 2022. Extrication tools are now being extensively used in the automobile sector. High-strength metals that are used in the manufacturing process of automobiles make it necessary to use specialized extrication tools.

Accidental fires may also occur in any manufacturing facility where automobiles and their components are manufactured. Therefore, almost every manufacturing unit has fire extrication tools. The year 2021 saw the sales of 26.3 million units of vehicles.

Nowadays, commercial vehicles are also equipped with rescue tools for emergencies. Installation of extrication kits in passenger vehicles is also a new trend that should be soon implemented. The rising plethora of applications in the automotive sector will drive the demand for extrication tools in vehicles, thereby boosting their sales.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

What Do Extrication Tools Manufacturers Need to Watch Out?

“Continual Maintenance Requirement of Extrication Tools Leading to Lower Reliability”

Extrication tools have two sources of power generally, including batteries and fuel. Hydraulic extrication tools usually have a complex structure and are heavier to carry. Also, the oil used in these tools needs to be changed or maintained regularly. Lack of proper maintenance of the tool leads to replacement of the tool, causing a loss to the user of the tool.

Battery-based extrication tools also need to be maintained and the battery needs to be replaced periodically. Emergency, fire, and rescue operations are reliant on smooth operation of the extrication tools. Sudden failure of the tool at the time of operation will add to the chaos of that situation. All these factors may restrict the growth of the market.

The government and regulatory bodies of certain countries like the U.S. are imposing certain restrictions on the usage of UAVs and extrication tools. All of these issues are impeding the market's expansion.

Country Wise Analysis

How the Countries in European Region will Lead to Market Growth?

Immediate response to fire accidents has always remained a top priority for the public as well as private emergency services. Governments are now taking more initiatives to strengthen their fire and rescue departments by investing in those departments.

Not only governments but also some private funding is being provided to strengthen the facilities of rescue operations. Governments are hiring more people to be trained as firefighters. In 2020, in Europe, approximately 262,200 persons were employed as firefighters. In 2019, the European government spent €30.9 billion on fire protection services.

The U.K. government is taking new steps to improve the fire and rescue services in the country. Many acts have been commenced and regulations have been imposed in order to achieve this goal. Such government support will further lead to improved sales of extrication tools. U.K. will contribute nearly 15% revenue share to the Europe extrication tools market in 2023.

How Market for Extrication Tools is Estimated to Rise in U.S.?

Emergency service providers are the ones who work in emergency extrication, rescue, and medical services. There are several service providers who provide medical assistance or extrication services at the site of an accident. These service providers become highly active during war situations, natural disaster management situations, etc.

The service provider companies need to keep a stock of all the required extrication tools to be prepared for any emergency situation. Emergency medical service and fire rescue service elements should work in coordination to provide the best services to the victims/patients.

Additionally, the U.S. Department of Homeland Security provides a wide range of resources such as partnerships between private and government sectors to strengthen the emergency services sectors of the country.

The emergence of several privately owned companies such as Kenyon Emergency services, and IBISWorld in the country will increase the demand for various extrication tools, thereby providing high revenue generation opportunities for the manufacturers. U.S. extrication tools market value will be US$ 292.0 million in 2023.

Category wise Insights

How the Military Application for Extrication Tools Will Lead to Market Growth?

The utilization of extrication tools is essential in many sectors. One such sector is the military sector. For personal escape during land or air transit as well as cutting and prying circumstances experienced in the field, military professionals must have access to highly aggressive weapons that are made to be quick and accessible.

Folding knives and conventional wire cutters are not as quick, efficient, or accessible. Reaching these and other instruments may be impossible due to restricted motion or range of motion. The tool is portable and allows for effortless one-handed disengagement and reengagement without the need for mechanical adjustment.

The global defense industry has been expanding steadily. As per a statistical source, in 2021, total military spending around the world stood at US$ 2.11 trillion. Major economies like the United States, India, Russia, the United Kingdom, China, and Russia account for 62% of all military spending.

The military application will contribute significantly to the sales of the extrication tools and will reach a valuation of US$ 41.6 million in 2023 and grow at CAGR of 3.9% during the forecast period.

How the Demand for Battery Powered Extrication Tools Will Contribute to Rise in the Market?

Initially, extrication tools were made using hydraulic systems. There was extensive use of many hydraulic-based rescue tools. Various limitations of these hydraulic system-based tools created a scope for the introduction of sustainable extrication tools. Owing to recent technological developments and the idea of utilizing a green source of energy, there has been a great shift toward battery or electric-powered tools, machines, and vehicles.

The utilization of electricity as a new source of energy is now being implemented in developed as well as developing regions. The Indian electric vehicle (EV) market is estimated to be worth US$ 7.09 billion by 2025. India's electric vehicle market could reach $206 billion by 2030, according to a study by the CEEW Center for Energy Finance.

Owing to all these factors, the increasing demand for battery-powered extrication tools is definitely set to rise high. The battery powered extrication tools will capture a revenue share of 26.4% in 2023 in the overall market.

Competitive Landscape

Fact.MR profiled the following top companies in extrication tools market in its report. Those companies are Amkus Rescue System, Bulldozerfire, Champion Rescue Tools, Channellock Inc, Genesis Rescue Systems, Holmatro, Hydram, IDEX Corporation, Libervit, Matjack, Ogura & Co Ltd, Paratech Inc, POWER HAWK Technologies Inc, REHOBOT Hydraulics AB, Res-Q-Jack, Inc, Shandong Starye Firefighting Equipment Co, Ltd, Shrikrishna Agro Equipment Pvt Ltd, Superior Pneumatic, Weber-hydraulik GmbH, Zimatic Corp.

A combination of technology along with manual tools can create a huge difference. The enormous applicability of the Internet of Things in various different fields is well known. Support from technology such as sensors or other tools to analyze the rescue routes and topographical conditions can increase the efficiency of the extrication activity.

The integration of IoT technologies in emergency extrication tools is a new trend that may gain strength in the coming years. An integrated instrument which combines fire emergency equipment with 5G IoT can function as an excellent integrated extinguisher. Key players should focus on such technological advancements of their product that can lead to more revenue generation.

Fact.MR has provided detailed information about the price points of key manufacturers of extrication tools positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Extrication Tools Industry Research

  • By Product Type :

    • Cutting & Spreading
      • Cutters
      • Spreaders
      • Combi Tools
      • Rams
    • Shoring & Stabilization
      • Power Shore
      • V-Strut
    • Lifting & Wedging
      • Lifting Bags HLB
      • Jacks
      • Wedges
    • Other Extrication Assist Tools
  • By Power Source :

    • Battery-powered
    • Corded/Gas Fueled
  • By Application :

    • Vehicle Extrication
    • General Purpose
    • Construction
    • Fire Rescue and Safety
    • Military Action
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia and Oceania
    • Middle East & Africa

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Extrication Tools Market

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The market is likely to reach a valuation of US$ 2,082.7 Million by the end of forecast period.

The corded/gas fueled sub-segment is likely to reach a valuation of around US$ 1,392.9 Million in 2033.

Europe region holds the leading market share of around 29.5% in 2023 by valuing at US$ 345.6 million and presumed to increase in same growth curve by the end of 2033.

South Asia & Oceania is poised to grow at an impressive CAGR of 7.3% and India is expected to garner a market share of 26.1% in 2023.

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