Industry Outlook
Significance of wire fencing as front-line protection aided wire fencing equipment to grow with a CAGR of 5.2% from to 2029 from market value of US$ 80.8 Mn in 2020. Wire fences are considered as the first line of defense against unknown threats to any property. In agriculture, wire fencing provides an essential physical barrier to movement control of livestock and ensure their safety from potential threats such as wild animals and theft. In addition, fences keep herbivorous animals such as deer and other animals away from crop fields and stocks from damaging them.
Besides agriculture, fencing plays a crucial role in fortifying assets of different verticals such as military & defense and non-agricultural end-users. Growing illegal activities including unauthorized immigrations, smugglings and terrorist activities have forced governments across the globe to priorities border patrol and apposite wire fencing. A wide range of wire fencing equipment and accessories facilitates hassle-free arrangement and disarrangement of different type of wire fences. Versatility and easy availability of wire fencing equipment coupled with continuously rising demand for wire fencing is anticipated to boost wire fencing equipment market throughout the forecast period from to 2029.
"Growing Demand Across Different End-user Allowed ‘Rolling Fencer’ to Dominate product type segment"
In 2020, rolling fencer was the most dominating product type in terms of market value. Rolling fencer facilitates easy unrolling of chain-link, wire or barbed-wires to create a seamless fence throughout the capacity. These fencers are easily mounted on utility vehicles such as tractors and provides an organized approach to lay fences. Such fencers are extensively used by farmers and armed forces to fortify long distances. Continuously rising need for wire fences has encouraged the demand for rolling fencers and expected to grow even further in coming years. Postdriver stood second in product type in overall fencing equipment market. This machine drives post into the ground with sufficient force which is used to provide support to the fencing. Postdriver is available in varieties catering different size and material for posts including metals and wood.
"Agriculture’ End-user Segment secured Major Market Share in 2020"
There are almost seven thousand different species identified as pests which cause damage to agricultural crops. Pests also include wild animals such as deer, wild boars, and elephants among others, that are responsible for destroying an average of 35% of world’s agricultural products. This results in an annual loss of more than US$ 200 Mn each year across the globe. However, reinforcing agricultural fields and livestock with fences significantly reduced the impact of such pests on crop fields and agricultural products in recent years. The situation has created loads of opportunities for the fencing equipment manufacturers to capitalize and expand their business in these regions. Farmers especially in developing regions of Asia Pacific, Africa and Latin American region are more inclined towards installing fences for keeping out wild pests and avoid land disputes. Military and defense are closely following agriculture end-user in terms of market value in overall fencing equipment market. Fences are extensively used for reinforcement of national borders, containment fences around detention centers, ordinance factories and other important government facilities and infrastructures. As a frontline defense against approaching threats, military and defense consider fencing as a vital front-line and extend their continuous efforts towards strengthening fences. This is anticipated to bolsters the demand for fencing equipment for military and defense end-user making it the fastest growing segment.
"Roots of Traditional Agricultural Sectors in Countries in Asia Pacific Crowned the Region as Global Leader"
Presence of gricultural driven economies and growing territorial conflicts among several countries has enabled Asia Pacific to reign the global wire fencing equipment market. Incidences of crop ruined by wild animals was a common sight in several countries in Southeast Asia until wire fences helped them to reduce such stampeding. Rising demand for fencing and low-cost alternatives to manual fencing has expedited the growth of fencing equipment in Asia Pacific. In addition, long list of territorial conflicts between countries such as India & China, India & Pakistan, North Korea & South Korea and Israel & Syria among others have augmented the need for fencing to a very large extent. Therefore, Asia Pacific is expected dominate other regions hands down in terms of market value as well as in volume in global wire fencing equipment market.
"Consolidated Market Provides High Prospects for New Entrants in overall Wire Fencing Equipment Market"
Wire fencing equipment market is quite consolidated and governed majorly by local players. This provides ample opportunities for new entrants to claim their market share in coming years. Major fencing equipment manufacturers emphasize on strategies such as acquiring government contracts, continuous up-gradation of equipment & accessories and forming alliances with local contractors & rental services. Growing demand for new fencings and lack of equipment manufacturers is anticipated to attract more new manufacturing companies thus, contributing to the growth of wire fencing equipment market in next few years. Some of the prominent wire fencing equipment players included in this research study are Trenona Limited, Solo Fencing Systems Ltd., ProFencer, Kencove Farm Fence Supplies, Quickfencer, Munro Engineers, EZG Manufacturing, Worksaver, Inc., DAKOTA WIRE WINDER & POST PULLER and Gobob Pipe and Steel Sales.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Wire Fencing Equipment market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Product
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End-user
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
