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The global electric fencing market size is anticipated to rise from USD 321.1 million in 2022 to USD 484.2 million by 2029. Stakeholders have upped their focus on advanced electric fencing for lightweight, easy installation, and higher capacity. Moreover, an increased use of barriers using electric shocks has become pronounced among farm owners to protect their land from trespassers, including wild animals. Bullish demand for electric fence systems for agricultural security, storage center security, and warehouse security will augur well for the industry outlook.
According to the latest research report by Fortune Business Insights™ 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 Forecasts, 2022-2029,” the market stood at USD 305.5 million in 2021. It is expected to witness a 6.04% CAGR during the forecast period.
Bullish Demand for Electric Fencing amidst Russia-Ukraine War to Propel Growth
The onset of the Russia-Ukraine war has sent shockwaves globally, with several countries striving to bolster security and defense mechanisms. In the light of it, governments have spurred investments in advanced security solutions, including smart sensors, smart electric fences, and machine learning. Advanced border management solutions will continue to gain prominence in the ensuing period.
Plunge in Demand for Electric Fence Due to COVID-19 Pandemic Dented Growth
The emergence of the COVID-19 pandemic led to a notable dip in demand for electric fence systems across emerging and advanced economies. Industrial units witnessed a plunge in production as several businesses were temporarily shut down or projects postponed. Besides, the shortage of skilled workers and reduced demand from defense and commercial sectors did not bode well for the industry outlook. Meanwhile, the next few years could witness increased traction from the defense and agriculture sectors.
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PetSafe Introduced Classic in-Ground Fence System to Boost Flexibility
Leading companies have upped investments in organic and inorganic strategies to tap into markets. Stakeholders could seek advanced solutions and cost-effective border security systems across developing and developed economies. The emergence of video surveillance and monitoring systems will augur well for the business outlook. For instance, in March 2022, PetSafe announced the inclusion of the Classic in-Ground Fence system with increased customization. The system will reportedly provide increased flexibility and avoidance solutions. The prevailing trend suggests the electric fencing market share will witness an appreciable gain during the forecast period.
Strong Demand from Farm Owners to Bolster Growth
Industry players expect the agriculture sector to exhibit profound demand for electric fencing over the next few years. An increased need for an advanced fencing system to abstain wild animals from trespassing farms will expedite the manufacturing of such fencing systems. Besides, increased demand for such fencing from armed forces will expedite investments. BRICS countries, such as Russia, China, and India could show an increased inclination for electrified wires. Soaring demand for barbed wires will underpin the market growth during the forecast period. However, high maintenance costs could deter the industry growth.
Stakeholders Emphasize Strategic Approaches to Bolster Footprint
Major players are poised to inject funds into mergers & acquisitions, product launches, R&D activities, and technological advancements to propel their penetration. Furthermore, leading companies could infuse funds into innovations to expand their market presence across untapped areas.
Notable Industry Development
List of the Companies Profiled in the Report
Further Report Findings
Table of Segmentation
Value (USD Million)
By Type, Application, and Geography