The global electric fencing market size stood at USD 305.5 million in 2021. The market could surge from USD 321.1 million in 2022 to USD 484.2 million by 2029 at 6.04% CAGR during the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “Electric Fencing Market, 2022-2029.”

According to the analysis, electric fencing has become sought-after for lightweight, easy installation, and increased capacity. Barbed electric wires will gain prominence on the back of increased application to close international boundaries. With a surge in demand for such fencing systems for agricultural and storage center security, industry players will continue investing in the landscape.

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Major Players Profiled in the Report:

  • Dare Products (U.S.)
  • Gallagher (U.S.)
  • High Tech Pet (U.S.)
  • Kencove (U.S.)
  • Mpumalanga (South Africa)
  • Parker McCrory Mfg Co (U.S.)
  • PetSafe (U.S.)
  • Premier1Supplies (U.S.)
  • Tru-Test Group (New Zealand)
  • Woodstream (U.S.)

Russia-Ukraine War Impact

Robust Demand for Advanced Security Solutions to Underpin Growth

Russia’s invasion of Ukraine has brought a paradigm shift in the global landscape. Governments have exhibited profound traction for advanced security solutions to enhance defense mechanisms. For instance, Asia Pacific has become one of the major markets for electric fence systems amidst escalating border disputes. The penetration of smart sensors, smart electric fences, and cutting-edge surveillance systems will bode well for the industry outlook.

Report Scope & Segmentation:

Report Coverage Details
Forecast Period 2022-2029
Forecast CAGR 6.04%
2029 Value Projection USD 484.2 Million
Base Year 2020
Historical Data 2018-2020
No. of Pages 220
Segments Covered By Application, By Type
Electric Fencing Market Growth Drivers Heightened Demand from Defense Sector to Underpin Industry Growth

Segments

Permanent Fence to Remain Dominant Due to Rising Border Disputes

In terms of type, the market is segregated into portable fence and permanent fence. Stakeholders expect the permanent fence segment to remain dominant due to increasing incidence of infiltration and border disputes.

Agriculture Sector Exhibited Profound Demand to Protect Crops from Animals

With respect to application, the market is segmented into wild animals, agriculture, security, pets, and others. The agriculture segment will grow during the forecast period due to the rising need to protect crops from domestic and wild animals.

Report Coverage

The report offers a comprehensive perspective of the market size, share, revenue, and volume. It has deep-dived into SWOT analysis. Quantitative and qualitative assessments have provided a holistic view of the market. The primary interviews validate assumptions, findings, and the prevailing business scenarios. The report also includes secondary resources such as annual reports, press releases, white papers, and journals.

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Drivers and Restraints

Heightened Demand from Defense Sector to Underpin Industry Growth

The electric fencing market growth will witness an upward trajectory due to bullish demand from armed forces. For instance, BRICS members have become a major recipient of barbed electric wires amidst rising border conflicts. To illustrate, Russia has reportedly installed electric fencing along its border with China. Governments could further their investments in electric cobra wires over the next few years. Moreover, the adoption of IoT solutions to boost security management will augur well for the industry outlook. Besides, the agriculture sector will continue to inject funds into advanced fences using electric shocks. Meanwhile, an increased maintenance cost could impede the industry growth during the assessment period.

Regional Insights

North America to Gain Ground with Increasing Focus on Security

Industry players expect the North America market forecast to be strong on the back of soaring demand to bolster national security. For instance, the U.S. has augmented investments in electric fencing systems on the U.S.-Mexico border. Increased demand for security and agriculture applications will encourage leading companies to boost their regional presence.

The Asia Pacific electric fencing market share will be noticeable in the wake of bullish defense budgets across China, India, and Australia. Emerging and advanced economies could seek chain-link fencing, barbed wire, razor wire, and concertina coils to bolster their security portfolios.

Stakeholders expect Europe to account for a considerable share of the global market due to robust demand for homeland security. Portable fencing could gain prominence due to its high flexibility, easy installation, low cost, and low maintenance. Besides, governments and other stakeholders will also exhibit traction for permanent fencing to discourage infiltration.

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Competitive Landscape

Stakeholders Invest in Product Launches to Boost Portfolios

Prominent players could inject funds into mergers & acquisitions, product rollouts, technological advancements, and R&D activities. Besides, significant companies could invest in innovations and product offerings in the ensuing period.

Key Industry Development

  • September 2019 – Parker McCrory Mfg. Co. introduced electric fencing chargers Model MAG-12-U.O. and MAG-12-SP to pass 12-volt electricity for medium to big pastures.

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By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.