The global fencing market is estimated to reach USD 444.5 million in 2028, increasing at a 5.55% CAGR from USD 300.01 million in 2021.
A fence is a railing, barrier, or other upright structure, usually made up of wire or wood, enclosing an area, typically outdoors, in order to control access, or prevent escape. The difference between a fence and a wall is fence does not have a whole length solid foundation. The fence can be constructed using a number of materials and type depending on its application and protection. Some of such fences include wrought iron fencing, wood-panel fencing, wire fences (such as welded wire mesh fence, woven wire fencing, electric fence, barbed wire fence, and smooth wire fence), wattle fencing, wall fences (dry-stone wall or rock fence), vinyl fencing, vaccary fence, stockade fence, split-rail fences, spear-top fence, slate fence, roundpole fence, post-and-rail fencing, picket fences, murno gladst fence, hurdle fencing, hedge (turf mounds, live fencing, hedgerows, and cactus fence), sunken fence, expanding fence or trellis, concrete fence, close-boarded fencing, chain-link fencing, and brushwood fencing.
Among the material type segments, the metal fencing segment is projected to dominate the global fencing market over the forecast period. Metal fencing is then sub-segmented as barbed and twisted steel wire fence, non-wire fence, and another metal fence. Due to the high strength of the metal fencing, it has high popularity and demand among all the end-user segments. In 2017, metal fencing segment accounted for more than half of the revenue share generated by the overall fencing market across the globe. Wood fence segment is classified as an assembled fence, unassembled fence, and other wood fences. Additionally, plastic and composite fencing are segmented into the vinyl fence, HDPE fence, and composite fence.
Among the end-user segments, the residential segment is anticipated to propel the market growth in the forecast period, owing to the increasing number of households, especially across the developing economies. Construction and renovation activities are also some of the factors influencing the growth of fencing market across the globe among all the end-user segments. The agricultural segment is also projected to show significant growth over the forecast period owing to increasing requirement for the safety of crops, farms, livestock, etc.
Asia Pacific fencing market is anticipated to grow at a substantial rate in the global market, owing to the high demand for fencing in the agriculture segment. The growth of the market has been witnessed by an evolving agricultural sector in the developing economies of the market. In 2018, wire fencing is estimated to account for a dominant share in the in the Asia Pacific agriculture fencing market.
Some of the key manufacturers involved in the global fencing market are Betafence NV, Jerith Manufacturing Company Inc., CertainTeed Corporation, Gregory Industries Inc., Ply Gem Holdings Inc., Bekaert, Long Fence Company Inc., Associated Materials LLC, Ameristar Fence Products Inc., and Allied Tube and Conduit. The report includes detailed profiles including a company overview, key developments, business strategies, financial overview, etc. of key players operating in the global market.