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Electric Fencing Market to Reach $442.5 Mn by 2028; Increasing Adoption of Solar-based Electric Fencing and IoT-based Solutions to Propel Market Growth

January 05, 2022 | Aerospace & Defense

The global electric fencing market size is projected to exhibit tremendous growth by reaching USD 442.5 million by 2028. Fortune Business InsightsTM has presented this information in its report titled “Electric Fencing Market Size, Share & COVID-19 Impact Analysis, By Type (Permanent Fence and Portable Fence), By Application (Agriculture, Wild Animals, Pets, Security, and Others), and Regional Forecast, 2021–2028”, and observes that the market size stood at USD 297.2 million in 2020 and is expected to register a CAGR of 5.54% between 2021 and 2028. The growing product adoption by farm owners and its increasing usage by armed forces to seal international borders.


Woodstream’s Acquisition of Dynamic Solutions Worldwide to Incite Development


In November 2019, Woodstream Corporation, a pioneer marketer and manufacturer of animal and pest control products, announced the acquisition of Dynamic Solutions Worldwide LLC, a producer of insect traps with outdoor and indoor applications. The DynaTrap insect traps offered by Dynamic Solutions Worldwide LLC are highly demanded in the market. Its addition to Woodstream product offerings further amplifies the scope of growth for the companies. 


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/electric-fence-market-103521


Increasing Adoption of Solar-based Fencing and IoT-based Solutions to Propel Market Growth


Electric fencing is used by several armed forces to prevent intrusion at international borders. For instance, Russian armed forces adopted an electric fence at the China-Russia border for enhanced security. Hence, the growing adoption of the product by armed forces is anticipated to drive the global electric fencing market growth. Also, the product provides improved security at farms against wild animals’ unauthorized entry. Electric fence produces minor shocks that prevents them from entering the premises. Hence, the rising adoption of the product by farm owners is likely to bolster the market growth in the coming years.


Key Players Adopt Inorganic Strategies to Acquire Growth


The key players emphasize continuous research and development to produce technologically advanced fencing that includes solar panels and cost-effective solutions for border security. They devise innovative growth strategies such as technological developments, new product launches, patents, partnerships, collaborations, and others. For instance, Woodtream acquired Dynamic Solutions Worldwide, an insect trap producer for outdoor and indoor applications, in November 2019.


List of Key Players in the Global Market:



  • Dare Products (U.S.)

  • Gallagher Group Limited (U.S.)

  • High Tech Pet (U.S.)

  • Kencove (U.S.)

  • Parker McCrory Mfg Co. (U.S.)

  • PetSafe (U.S.)

  • Woodstream (U.S.)

  • Datamars SA (Switzerland)

  • AMAROK LLC (U.S.)

  • Nemtek (Randburg, South Africa)


Further Report Findings-



  • The market size in North America stood at USD 141.9 million in 2020 and is projected to emerge dominant in the global electric fencing market share. The presence of numerous electric type of fencing suppliers and large defense expenditures are expected to fuel the growth of the market.

  • According to the segmentation based on type, the permanent type is anticipated to witness the highest growth during the forecast period. The increasing security needs due to increasing geopolitical unrest amongst several nations is predicted to amplify the segment’s growth in the upcoming years.


Table of Segmentation
















































  ATTRIBUTE



  DETAILS



Study Period



2017-2028



Base Year



2020



 Estimated Year



 2021



Forecast Period



2021-2028



Historical Period



2017-2019



Unit



Value (USD Million)



Segmentation



Type, Application, and Geography



By Type



  • Permanent Fence

  • Portable Fence



By Application



  • Agriculture

  • Wild Animals

  • Pets

  • Security

  • Others



By Geography


 




  • North America (By Type, Application, and Country)




    • U.S. (By Type)

    • Canada (By Type)




  • Europe (By Type, Application, and Country)




    • U.K. (By Type)

    • Germany (By Type)

    • France (By Type)

    • Italy (By Type)

    • Russia (By Type)

    • Rest of Europe (By Type)




  • Asia Pacific (By Type, Application, and Country)




    • China (By Type)

    • India (By Type)

    • Japan (By Type)

    • Southeast Asia (By Type)

    • Australia (By Type)

    • Rest of Asia Pacific (By Type)




  • South America (By Type, Application, and Country)




    • Brazil (By Type)

    • Argentina (By Type)

    • Colombia (By Type)




  • Middle East & Africa (By Type, Application, and Country)




    • UAE (By Type)

    • Saudi Arabia (By Type)

    • South Africa (By Type)



Global Electric Fencing Market
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