Wire Fencing Equipment Market By Product Type (Post Driver, Roller Fencer, Others), By End-User (Agriculture, Military & Defense, Non-Agricultural) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Industry Outlook

Because of the importance of wire fencing as frontline protection, wire fencing equipment is expected to grow at a CAGR of 5.2% from 2018 to 2026, from a market value of US$ 73.2 million in 2017. Wire fences are considered the first line of defense against unknown threats to any property. In agriculture, wire fencing serves as an important physical barrier to livestock movement control and ensures 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 prevent livestock from damaging them.

Besides agriculture, fencing plays a crucial role in fortifying assets in different verticals, such as military and defense and non-agricultural end-users. Growing illegal activities, including unauthorized immigration, smuggling, and terrorist activities, have forced governments across the globe to prioritize border patrol and appropriate wire fencing. A wide range of wire fencing equipment and accessories facilitate hassle-free arrangement and disarray of different types of wire fences. The versatility and ease of availability of wire fencing equipment, combined with continuously rising demand for wire fencing, are expected to drive the wire fencing equipment market from 2018 to 2026.

Market Synopsis

Growing demand across different end-users allowed "Rolling Fencer" to dominate the product type segment.

In 2017, rolling fences were the most dominant product type in terms of market value. A rolling fencer makes it simple to unroll chain-link, wire, or barbed wire to create a continuous fence throughout the capacity. These fencers are easily mounted on utility vehicles such as tractors and provide an organized approach to laying fences. Such fencers are extensively used by farmers and armed forces to fortify long distances. The continuously rising need for wire fences has encouraged the demand for rolling fences, which is expected to grow even further in the coming years. Post driver stood second in product type in the overall fencing equipment market. This machine drives posts into the ground with sufficient force, which is used to provide support for the fencing. Post driver is available in varieties catering to different sizes and materials for posts, including metal and wood.

Agriculture's end-user segment secured a major market share in 2017.

There are almost seven thousand different species identified as pests that 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 the world's agricultural products. This results in an annual loss of more than US$ 200 million worldwide. However, reinforcing agricultural fields and livestock with fences has significantly reduced the impact of such pests on crop fields and agricultural products in recent years. The situation has created loads of opportunities for fencing equipment manufacturers to capitalize on and expand their businesses in these regions. Farmers, particularly in developing regions such as Asia Pacific, Africa, and Latin America, are more likely to install fences to keep wild pests out and avoid land disputes. Military and defense closely follow agriculture as an end-user in terms of market value in the overall fencing equipment market. Fences are extensively used for the reinforcement of national borders, containment fences around detention centers, ordinance factories, and other important government facilities and infrastructures. The military and defense consider fencing to be a vital frontline defense against approaching threats and make ongoing efforts to strengthen fences. This is anticipated to bolster the demand for fencing equipment for military and defense end-users, making it the fastest-growing segment.

Roots of Traditional Agricultural Sectors in Asia Pacific Countries Crowned the Region as a Global Leader

Because of the presence of agriculturally based economies and growing territorial conflicts among several countries, Asia Pacific has dominated the global wire fencing equipment market. Incidences of crops being ruined by wild animals were a common sight in several countries in Southeast Asia until wire fences helped reduce such stampeding. Rising demand for fencing and low-cost alternatives to manual fencing has expedited the growth of fencing equipment in Asia and the Pacific. In addition, a long list of territorial conflicts between countries such as India and China, India and Pakistan, North Korea and South Korea, and Israel and Syria, among others, has augmented the need for fencing to a very large extent. Therefore, Asia Pacific is expected to dominate other regions hands down in terms of market value as well as volume in the global wire fencing equipment market.

A Consolidated Market Provides High Prospects for New Entrants in the Overall Wire Fencing Equipment Market

The market for wire fencing equipment is fairly consolidated and dominated by domestic players. This provides ample opportunities for new entrants to claim their market share in the coming years. Major fencing equipment manufacturers emphasize strategies such as acquiring government contracts, continuous up-grading of equipment and accessories, and forming alliances with local contractors and rental services. Growing demand for new fencing and a lack of equipment manufacturers are anticipated to attract more new manufacturing companies, thus contributing to the growth of the wire fencing equipment market in the 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.

Key questions are answered in this report.

  • What are the latest market trends in the wire fencing equipment market?
  • What are the opportunities for existing and new wire fencing equipment manufacturers?
  • Which region offers ample opportunity for the market to grow significantly?
  • Which end-user segment contributes to the growth of the market for wire fencing equipment, and how?
  • What are the market size and trends in emerging markets such as Asia Pacific, Middle East & Africa, and Latin America?

Frequently Asked Questions:

The market for Wire Fencing Equipment is expected to reach US$ 73.2 Mn in 2026.

The Wire Fencing Equipment market is expected to see significant CAGR growth over the coming years,at 5.2%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Trenona Limited,Solo Fencing Systems Ltd.,ProFencer,Kencove Farm Fence Supplies,Quickfencer are some of the major players in the global market.

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Published Date:  Oct 2018
Category:  Building & Construction
Report ID:   59361
Report Format:   PDF
Pages:   120
Rating:    4.4 (69)
Delivery Time: 24 Hours to 48 Hours   
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