Electric Fence Market Size, Share, Growth, and Industry Analysis by Type (Portable Fence and Permanent Fence) By Application (Agriculture, Wild Animals, Pets, Security, and Others) Electric Fence Market Size, Share, Growth, and Industry Growth by Type (Portable Fence and Permanent Fence) By Application (Agriculture, Wild Animals, Pets, Security, and Others), Regional Insights, and Forecast From 2024 To 2031

Updated On: 08 April 2024

Electric Fence Market Report Overview

• 
• Request a Free Sample to learn more about this report

The global electric fence market size was USD 442.1 million in 2022 and is projected to touch USD 703.7 million by 2031, at a CAGR of 5.3% during the forecast period.

An electric fence is a psychological barrier that keeps wild animals and farm animals out over long distances. The technology is lightweight, easy to install, and has a higher capacity.

Farm owners' rise in use of the product to safeguard land from wild animals and increased adoption of the product in the military for border security is projected to accelerate market growth. Increased technology advancement coupled with broad adoption of electric fence systems for storage center security, warehouse security, and agriculture security. These factors are anticipated to surge market growth in the upcoming years. Increased use of loT-based solution from several end-user sectors is anticipated to boost the market growth. On the contrary, high maintenance and installation costs are predicted to hamper the market growth in the upcoming years.

COVID-19 Impact: Lower Demand for the Product and Industry Dynamics to Reduce Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with an electric fence in higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over. 

The outbreak of Coronavirus disease spread to nearly 140 nations worldwide. The pandemic declined the demand for the product due to industry dynamics. Halt in production activities and shutdown of manufacturing units minimized market growth. Shortage of competent workers and lower demand from the defense and commercial sector reduce market progress—fluctuating raw material prices and disruption in supply and chain.

LATEST TRENDS

"Increased Demand from Farm Owners to Boost Market Growth "

A rise in the use of the product by farm owners to safeguard land from wild animals and high demand for the product by farm owners is projected to accelerate market growth. The product acts as a psychological barrier that keeps wild animals and farm animals out long distances. The technology is lightweight, easy to install, and has a higher capacity. The increased need to protect crops and restrict terrorist activities in isolated places is anticipated to fuel market growth in the forthcoming years. The surveillance system helps to alert the farmers immediately. These factors are anticipated to surge market growth in the forthcoming years.

Electric Fence Market Segmentation

• 
• Request a Free Sample to learn more about this report

• By Type

Based on type, the market is divided into a portable fence and permanent fence.

Portable fence is expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into agriculture, wild animals, pets, security, and others.

Agriculture is expected to be the top part of application segmentation.

DRIVING FACTORS

"Increased Adoption of loT-enabled Solutions from Several Sectors to Aid Market Growth "

Internet of Things (loT) solution is the latest technology trend based on cloud router technology. The technology features are real-time alerting, an advanced log system, and a user-friendly interface. These features are anticipated to surge market growth. Cloud router technology is extensively used in warehouse security management, and several investments by prominent market players are predicted to surge market progress in the upcoming years. The rapid adoption of electric fence systems for storage center security, warehouse security, and agriculture security. Such factors are anticipated to foster electric fence market growth in the upcoming years.

"Growing Demand to Strengthen National Boundaries to Surge Market Growth "

Increasing demand to strengthen national boundaries to ensure safety is anticipated to propel market growth. The technology has been extensively used in the recent Russia-Ukraine war. Increased need for modern defense systems coupled with increased border security is predicted to drive market growth. The modern border management solution includes smart sensors, loT, artificial bits of intelligence, advanced surveillance systems, and machine learning. These factors are anticipated to accelerate market growth in the upcoming years. Increased technology advancement coupled with broad adoption of electric fence system for storage center security, warehouse security, and agriculture security. These factors are anticipated to surge market growth in the upcoming years. Increased use for a loT-based solution from several end-user sectors is anticipated to boost the market growth in the forthcoming years.

RESTRAINING FACTORS

"High Maintenance Cost and Installation to Limit Market Progress"

High maintenance and installation costs are predicted to hamper market growth in the upcoming years.

Electric Fence Market Regional Insights

• 
• Request a Free Sample to learn more about this report

"High Focus on National Security in North America to Drive Market Share "

North America is foreseen to account for the most prominent electric fence market share owing to an increased usage of the product for national security. Increased technology advancement coupled with broad adoption of electric fence systems for storage center security, warehouse security, and agriculture security.

Europe is anticipated to rise significantly due to the growing need for homeland security. A rise in the use of the product by farm owners to safeguard land from wild animals and increased adoption of the product in the military for border security is projected to accelerate market growth.

Asia Pacific is expected to be the fastest-growing, owing to high defense spending and rapid adoption of advanced technology. Increased need to prevent goods and drugs smuggling is predicted to fuel market growth.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Gallagher (U.S.)
• Tru-Test Group (New Zealand)
• Woodstream (U.S.)
• Electric Guard Dog
• Parker McCrory (U.S.)
• Premier1Supplies (U.S.)
• Kencove (U.S.)
• PetSafe (U.S.)
• Dare Products (U.S.)
• Mpumalanga (South Africa)
• High Tech Pet (U.S.)
• Shenzhen Tongher Technology (China)
• Shenzhen Lanstar (China)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.