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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Electric Fencing Market Outlook
The global electric fencing market attained a value of more than USD 375.16 million in 2023. The market is further expected to grow at a CAGR of 5.5% during the forecast period of 2024-2032 to reach above USD 606.64 million by 2032.
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Rising Demand in Agricultural Sector to Prohibit Wild Animals is Augmenting the Market Growth of Electric Fencing
The global market for electric fencing is being driven by its robust adoption by farmers to protect livestock from wild animals. Electric fencing ensures the prohibition of wild animals by giving minor electric shocks when an animal comes in contact with the fence, thereby artificially training them to stay excluded from farmlands.
Thus, the rising adoption of electric fencing to secure farmlands from wild animals is continuously propelling the growth of the market. Furthermore, with the advancement of technology, such as Artificial Intelligence (AI) and the rising market penetration of smartphones due to the presence of leading market players, farmers have the added advantage of being notified upon the presence of intruders, hence aiding in mitigating accidents. Moreover, with rising world populations and the subsequent rise in demand for food, government measures to secure farmers’ interests is further boosting the market growth of electric fencing.
Electric Fencing: Market Segmentation
An electric fence refers to a combination of multiple conductors of bare wires and advanced insulators used to deter intruders or wild animals from the enclosed area.
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On the basis of type, the market can be divided into:
- Permanent Fence
- Portable Fence
Based on application, the market can be segmented into:
- Agriculture
- Wild Animals
- Pets
- Security
- Others
The EMR report looks into the regional markets of electric fencing like North America, Latin America, the Asia Pacific, Europe and the Middle East and Africa.
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Incorporation of Advanced Digital Technology in Electric Fencing to Aid the Market Growth Over the Forecast Period
The global market for electric fences is expected to be augmented by the rising incorporation of advanced technology in the production of electric fences. Advanced digital technology such as the Internet of Things (IoT) to provide real-time updates, user-friendly operations, and low-cost maintenance of electric fencing is projected to drive the growth of the industry. In addition to this, the installation of solar panels in electric fence manufacturing to aid its operation in remote areas is further anticipated to strengthen the market growth in the coming years. In a solar-driven electric fence, a wi-fi enabled IP energiser is used to control, monitor, and operate the electric fence through modern operating systems, such as android, windows, or IOS. The remote operation technology is thus expected to fuel the growth of the market as a result of the rising market penetration of consumer electronic devices like smartphones and laptops.
Key Industry Players in the Global Electric Fencing Market
The report presents a detailed analysis of the following key players in the global electric fencing market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:
- Dare Products Inc
- Arthur J. Gallagher and Co.
- High Tech Pet Products, Inc.
- Kencove Farm Fence Supplies
- Radio Systems Corporation (Petsafe)
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global electric fencing market attained a value of more than USD 375.16 million in 2023.
The market is projected to grow at a CAGR of 5.5% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach above USD 606.64 million by 2032.
The industry is being driven by the robust deployment of electric fences in the agricultural sector to protect livestock and farm produce from intruders such as wild animals.
The market is expected to be driven by the adoption of advanced digital technology in electric fences to provide remote operations, real time updates, and user-friendly functioning.
The major regional markets for electric fencing are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The different types of electric fencing are permanent fence and portable fence.
The significant applications of electric fencing are agriculture, wild animals, pets, and security, among others.
The major players in the industry are Dare Products Inc, Arthur J. Gallagher and Co., High Tech Pet Products, Inc., Kencove Farm Fence Supplies, and Radio Systems Corporation (Petsafe), among others.
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