The global wire netting machinery market is expected to grow notably during the forecast period. A wire net is a product created from the intertwining of wire either welded or interweaved to form consistent parallel spaces with symmetrical gaps. There has been a significant increase in the demand of wire nets, owing to its wide range of applications. Thus, being a major driver for the growth of wire netting machinery market. The durability of the wire net is majorly dependent on the machine used in the manufacturing of the wire mesh. The wire net has a wide range of applications such as fencing and slope stabilization across various sectors such as agriculture, mining, construction, and transportation. Thus, with the rising demand of wire nets, the wire netting machine industry is also expected to witness a steady growth during the forecast period.
Description
A woven type wire netting machine consists of a Bobbin Winding and a Spiral Winding machine which are essential components of the main machine. The machine produces netting from spring coil and pre-coiled bobbins. The machine makes any one size of mesh in variable gauge thickness. It can also produce nets of variable sizes with additional main rack and parts supplied as attachments at additional cost. The prepared wire net is pulled out by the take-up roller consisting stands on the surface of the netting machine and is wound automatically on the winding roller. When the net reaches a predetermined length, it is cut and removed from the roller to be stored separately.
COVID-19 Impact analysis
- COVID-19 pandemic has shut-down the production of various products in the wire netting machine industry attributed to the lockdown in countries worldwide. This has hampered the growth of wire netting machine market from the last few months and is likely to continue during 2021.
- COVID-19 has already affected the sales of wire netting machines since second quarter of 2020 and is anticipated to cause a negative impact on the market growth throughout the 2021.
- The major demand for wire netting machine was previously noticed from countries including the India, U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for wire netting machines.
- The decrease in activities like boundary demarcation due to the restrictions laid by the government on the account of COVID-19 has negatively impacted the growth of wire netting machine industry.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Wire netting machine manufacturers can afford declining sales only for a few months, after which the players have to modify their investment strategies.
- With the increasing number of vaccinations and leniency in restrictions laid by the government, the wire netting machines market has shown signs of recovery.
Top Impacting Factors
The over population of metropolitan cities across the globe has led to the expansion of city boundaries. Thus, increasing the need of wire nets which directly influences the wire netting machinery industry. The application of wire nets in various sectors like agriculture, mining, security and surveying further adds to the growth of wire netting machinery industry. The easy maintenance of wire netting machine, paired with its long durability make it a valuable asset of wire net manufacturing companies. The increasing cost of steel, carbon, electricity and treatments like galvanization are proving to be restraints in the growth of the industry. The advancements in construction technology which enables the use of small and flexible wire nets as reinforcing components is positive sign towards the steady growth of wire netting machinery market.
Market Trends
- The key players of the industry are increasingly investing on R&D for developing more efficient wire netting machines.
- The Asia-Pacific region is expected to considerable increase the demand for wire meshing machinery as a result of its developing infrastructure and industrialization.
- Technological development is a strategy adopted by key industry players. For instance, Clifford Machines & Technology have technology of netting larger diameter steel rods such as structural steel which will bring considerable time efficiency in the construction field.
- Regional industry players have struggled to sustain as the leading players who have been investing considerable number of resources in the advancement of technology to make wire netting machinery more time and energy efficient.
Key Benefits of the Report
- This study presents the analytical depiction of the wire netting machinery industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the wire netting market share.
- The current market is quantitatively analyzed to highlight the wire netting machinery market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed wire netting machinery market analysis based on competitive intensity and how the competition will take shape in coming years.
Key Market Segments
- By Product Type
- Hexagonal Wire Machine
- Chain Link Fence Machine
- Gabion Net Machine and Other
- By Operation
- By Method
- By End User Industry
- Agriculture
- Industry
- Food Industry
- Others
- By Business Type
- Original Equipment Manufacturer (OEM)
- Aftermarket
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- MEP Group
- Hebei Sade Machine Manufacturing Co., Ltd.
- MachineWeb, Inc.
- Eurobend GmbH.
- ABM Fasteners
- Hebei Jiake Welding Equipment Co. Ltd.
- Kolheshwari Industries
- Viral Industries
- Schlatter Industries AG
- Clifford Machines & Technology