According to a new market research report published by Credence Research “Wire Fencing Equipment Market (by Product Type: Post Drivers, Roller Fencers and Others; by End-user: Agriculture, Military & Defense and Non-agriculture) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the fencing equipment market was valued US$ 73.2 Mn in 2017 and is estimated to grow with a CAGR of 5.2%.
“Good fences makes good neighbors” is a powerful adage highlighting the significance of good fencing in modern day living. Fencing is a featuring having functional importance across several end-user including agriculture, military & defense and non-agriculture. Fences are vital in maintaining peace by defining boundaries for properties and ensure complete privacy to the owners. Adverse possession is age old phenomenon which can lead to serious conflicts between two countries or region. Very few countries such as Switzerland, the most peaceful country across the globe are blessed with unique topography to provide natural boundary to the country. Majority of countries prefer laying fences across their borders shared with neighboring countries. Wire fences serves as a first line of defense and governments worldwide continuously upgrade their wire fences and fortify their frontlines. This has significantly boosted the demand for wire fencing equipment in recent years.
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Wire fences provides a much needed peace of mind to farmers and cultivators from unwanted trespassers. Wild animal stampeding crops, can be curbed easily by securing field with wire fencing. Wire fencing also ensure a better movement control of livestock and prevents them from becoming prey to wild predators. In some instances a proper fencing plays a vital role in aesthetic enhancement of the property which can significantly affect its market value. Owing to the aforementioned merits, wire fencing has been appreciated by farmers and cultivators across the globe and the demand is further anticipated to grow consistently along with wire fencing equipment market.
The overall wire fencing equipment market is quite consolidated and is characterized by local wire fencing equipment manufacturers. This has created ample opportunities for companies to organize themselves and capitalize over the wire fencing equipment market. Furthermore, established players can always consider acquiring small companies to enter or to flourish in present market scenario. In addition, the companies are focusing to capitalize over the opportunities offered by nations such as China, India, and Mexico among other countries from developing regions of Asia Pacific, Middle East and Africa and Latin America. Several wire fencing equipment manufacturers are also trying to acquire contracts from local government bodies to provide wire fencing equipment. Some of the leading wire fencing equipment manufacturers included in this reports 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.
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- Tension among countries across the globe emphasizing the need for wire fencing equipment
- Presence of several agricultural countries and rising in developing countries
- Competition scenario among wire fencing equipment manufacturers across the globe
- Growth trend for different wire equipment market segment and their market estimation
- Consistent rise in demand for wire fencing equipment across different geographies/regions
- Introduction of automated wire fencing equipment fortified with state-of-art electronics and GPS systems
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