Wire Netting Machinery Market Report Overview
- Request a Free Sample to learn more about this report
The global wire netting machine market size was USD 395.9 million in 2022 and is expected to reach USD 487.5 million in 2028, exhibiting a CAGR of 3.5% during the forecast period.
A form of woven fence known as wire netting is often constructed from galvanized or LLDPE-coated steel wire. Wire netting is a prefabricated linked grid that is an electric fusion welded and made up of parallel longitudinal wires with precise spacing that are welded to cross wires at the necessary intervals to form a diamond pattern. The mesh is constructed using precise dimensional control wire netting machines. The product can lead to significant time, labor, and financial savings.
The wire netting machine market is estimated to grow in the forecasted period as households in contemporary times are progressively opting for wire fencing or china-wire fence as it incurs immensely low cost in installation as compared to the traditional way of fencing. Additionally, with the assistance of wire netting machine, the task of fencing has reduced considerably further contributing to the broadening of wire netting machine market share.
COVID-19 Impact: Marginal Impact Of The Pandemic On The Expansion Of The Market
The global COVID-19 pandemic has been unprecedented and staggering, with the wire netting machine market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The unexpected occurrence of the COVID-19 pandemic had led to the execution of stringent lockdown rules across numerous nations ensuing in disturbances in industrial activities, supply chain, construction, and agriculture. However, the increase in demand for quick and cost-effective solutions for fencing across major sectors is one of the key factors that pushed the wire netting machine market growth during the COVID-19 pandemic. However, the COVID-19 epidemic presented the market with a number of challenges, including a shortage of skilled workers and project delays or cancellations as a result of total lockdown. Additionally, it is projected that the spike in the use of industrial mechanization solutions would support the wire netting machine industry in the years following COVID-19.
Latest Trends
"Diversification In Wire Netting Machines To Increase The Efficiency Of Fencing"
Several types of wire netting machines such as barbed wire making machine, link fencing machines, hexagonal wire netting machines and binding wire making machine are serving divergent fencing purposes. These diverse wire making machine is developed with excellence for achieving huge praise in the market entailing a rapid growth of the market in the forecasted period.
Wire Netting Machinery Market Segmentation
- Request a Free Sample to learn more about this report
- By Type Analysis
According to type, the market can be segmented into Automatic, Semi-automatic. The Automatic segment is the leading segment by type.
- By Application Analysis
Based on application, the market can be divided into Industrial Area, Transportation Area, Agricultural Field, Construction Field and others. The industrial area with its huge application for wire netting holds the major segment by application.
Driving Factors
"Easy Maintenance And Durability To Increase The Wider Acquisition Of Wire Netting Machines"
The wire netting machines require significantly low maintenance which makes it ideal for large-scale applications in industrial, mining, and agriculture applications. The low maintenance combined with the lasting durability characteristic would infer wider acquisition of the wire netting machine.
"Investment In R&D To Make Wire Netting Machines More Efficient "
Owing to the ever-growing utility of wire netting machine in diverse sectors, the key players are incrementally investing funds in research and development to amplify the efficiency of the wire netting machine. This would too contribute as a factor for driving up the demand for wire netting machine.
Restraining Factors
"Rising Cost Of Inputs To Harm The Growth"
In the post-COVID-19 scenario, the global supply chain has been significantly hampered. Due to the affected supply chain, the price of primary inputs such as steel, carbon, and electricity has risen up significantly, subsequently increasing the cost of wire netting or fencing. Furthermore, the rising cost of these inputs would discourage the use of wire netting and a shift to other netting or fencing methods. This could significantly harm the wire netting market growth.
Wire Netting Machinery Market Regional Insights
- Request a Free Sample to learn more about this report
"North America Is The Largest Region Due To Its Developed Industrial Area"
The North America region has one of the progressive industrial area which contributes to the growth and expansion of wire netting machine in the region. The demand for the product is attributed to the increasing number of industrial offices and IT parks. The growth in demand is also attributed to rising in commercial properties in the service sector. The Asia-Pacific region with its rapidly rising industrial area is the second largest region in terms of market share.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- EVG (Austria)
- Schlatter (U.S.)
- MEP Group (Italy)
- Schnell spa (Italy)
- Jiaoyang Welding Industries (China)
- Hebei Jiake Welding Equipment (China)
- Yizhou (China)
- IDEAL (U.S.)
- AWM (U.S.)
- Clifford Machines & Technology (South Africa)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
| Market Size Value In | US$ 395.9 Million in 2022 |
| Market Size Value By | US$ 487.5 Million by 2028 |
| Growth Rate | CAGR of 3.5% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
| Historical Data Available | Yes |
| Segments Covered | Type & Application |
| Regional Scope | Global |
Frequently Asked Questions
-
What value is the global wire netting machine market expected to touch by 2028?
The global wire netting machine market is expected to touch USD 487.5 million by 2028.
-
What CAGR is the wire netting machine market expected to exhibit during 2022-2028?
The wire netting machine market is expected to exhibit a CAGR of 3.5% over 2022-2028.
-
Which are the driving factors of the wire netting machine market?
The major driving factors for the wire netting machine market are easy maintenance and the lasting durability of the machine.
-
Which are the top companies operating in the wire netting machine market?
Some of the major companies operating in the market are EVG (Austria), Schlatter (U.S.), MEP Group (Italy), Schnell spa (Italy), and Jiaoyang Welding Industries (China) are the top companies operating in the wire netting machine market
