Global Fencing Market Set For Rapid Growth, To Reach USD 35,810.36 Million By 2024

04-Sep-2018 | Zion Market Research

Zion Market Research has published a new report titled “Fencing Market By Material (Concrete Fencing, Plastic and Composite Fencing, Wood Fencing, Metal Fencing, and Others), and By End-User (Industrial, Commercial, Residential, and Agricultural): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, the global fencing market was valued at around USD 25,489.53 million in 2017 and is expected to reach approximately USD 35,810.36 Million by 2024, growing at a CAGR of around 4.92% between 2018 and 2024.

The fence is a structure that encloses a region of ground to mark a boundary. 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. A fence has wide functions across all the segments including a railing or balustrade fence, snow fence, pool fence, pest-exclusion fence, pet fence, drift fencing or turtle fence, amphibian fencing, newt fencing, boundary fencing, decorative fencing, perimeter fencing, temporary fencing, privacy fencing, crowd control barrier acoustic fencing, and agricultural fencing.

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Global Fencing Market

Major factors driving the global fencing market include high residential renovations and increasing construction projects. However, market maturity can be a factor hindering the global fencing market over the forecast period. Additionally, demand for a ditch, either forming a moat or sometimes filled with water can be a substitute for fencing. This can also create a hindrance for the global fencing market over the forecast period. Nevertheless, factors such as growth in real estates and remodeling projects and increasing governmental investments for promoting safety and security are anticipated propelling the growth of the market across the globe.

On the basis of material, the global fencing market is classified as concrete fencing, plastic and composite fencing, wood fencing, metal fencing, and others. Among the aforementioned segments, the metal fencing segment is anticipated to account for the relatively high-value share over the forecast period, owing to the high strength of the mental fencing as compared to other segments. 

The end user segments of the global fencing market include industrial, commercial, residential, and agricultural. The residential segment is projected to account for a dominating share in the global fencing market over the forecast period. The agricultural fence is also called as livestock wire fence. The agricultural segment is sub-classified into an electric fence, hinge joint fence, and other agricultural wire fences. Commercial wire fence segment includes chain link fence, welded wire fence, and other commercial wire fences. 

The global fencing market is majorly categorized into the Middle and Africa, Latin America, Asia Pacific, Europe, and North America. Among the aforementioned regions, Asia Pacific fencing market is likely to expand at a rapid rate. North America fencing market is estimated to account for a dominant share in the global fencing market. The remarkable rise in the disposable incomes and the huge population base has major impacts on the fencing market across the region.

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.

This report segments the Global Fencing Market as follows:

Global Fencing Market: By Material Segment Analysis

  • Concrete Fencing
  • Plastic and Composite Fencing
  • Wood Fencing
  • Metal Fencing
  • Others

Global Fencing Market: End-User Segment Analysis

  • Industrial
  • Commercial
  • Residential
  • Agricultural

Global Fencing Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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