20-Jun-2022 | Zion Market Research
The size of the global fencing market is expected to attain a value of USD 444.5 million in 2028, growing at a 5.55% CAGR during the forecast period from USD 300.01 million in 2021. Fencing is the method of covering any property that necessitates security and defense from unwanted visitors. Residential, commercial, and agricultural structures all have fences installed to keep them secure. Commercial wire fences and agriculture wire fences are the two types of wire fences that are often used. Commercial wire fence is typically used to secure residential buildings, parks, and other structures, whilst agriculture wire fencing is frequently used to secure cattle. Metal, plastic, wood, and composites are all used to construct fences.
The growing urge to improve the appeal and valuation of a property, as well as the expanding availability of lightweight, economical, and convenient PVC & plastic fences, are expected to drive up demand for fencing materials. As a result, quality, cost, design, and aesthetic value are becoming increasingly important to customers. Furthermore, increased government investment in institutional development, and also more government spending for improving the physical security of parks, public spaces, and government buildings, reflect well on the global fencing market's growth. The demand for security and safety solutions is being driven by a predicted boom in real estate development, expanding industrialization, and aggressive governmental & private investments in the construction sector, particularly in emerging nations like China and India. Heightened security breaches, as well as the resulting need for novel safety and security solutions, are encouraging market participants to provide better fence solutions in accordance with constantly increasing end-user needs, hence contributing to market expansion.
The import and export of building materials have been hampered by the COVID outbreak. China is the world's leading exporter of construction materials and the worldwide import & export of goods reduced as a result of negative trends in China's economy. The greatest impediment to the worldwide building materials industry is government-issued home quarantine orders, which have resulted in the cessation of construction material manufacturing. During the pandemic period, reduced customer demand has resulted in fewer sales of building materials. As a result, the worldwide fencing industry experienced a setback in 2020.
The global fencing market is categorized into material, product, end-user, and region. The market is divided into four categories based on material: plastic fences, metal fences, concrete fences, wood fences, and others. Based on the product, the fence can be divided as temporary and permanent. Based on the end-user, the fencing market has been segmented into residential, commercial, industrial, agricultural, and others.
With a sales share of nearly 35 percent in 2021, North America led the global fencing market. The region's dominance of the worldwide industry is due to the relentless increase in building activity. Over 50,000 fence contractors work in the United States alone. These companies provide supplies and services all over the world. Over the projection period, the regional market is also expected to increase significantly. The regional market is expected to develop due to the rising demand for home décor items from homes across the United States. Fencing in Asia Pacific is a potential market. The region, which includes some of the world's strongest countries, such as China and India, is projected to attract significant investment interest.
Some well-known companies in the global fencing market are Associated Materials LLC, Jerith Manufacturing Company Inc., Gregory Industries Inc., Poly Vinyl Co. Inc., Ply Gem Holdings Inc., Ameristar Fence Products Inc., CertainTeed Corporation, Allied Tube & Conduit Corporation, and Bekaert SA.
Browse the full “Fencing Market By Material (Metal, Wood, Plastic, Concrete, & Others), By Products (Fixed Fencing, & Temporary Fencing), By End-Use (Residential, Commercial, Industrial, Agricultural, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/fencing-market
The global fencing market is segmented as follows:
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