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.
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. This report discusses market research on the fencing market, its market growth factors, and its challenges. The report also talks about the opportunities available to stakeholders, researchers, and potential investors for the fencing market, discussing the recent changes due to the pandemic.
Fencing Market: Overview
Fences are detachable additional constructions that are manufactured and meant to prevent strangers from breaching a traditional border. A fence is differentiated from a wall by its strength; typically, a fence is weaker than a wall. Privacy fencing is used to keep unwanted visitors and livestock outside the venue, stylish fencing is used to improve the artistic attractiveness of the property, temporary fencing is used to provide control & safety access to building sites, and boundary fencing is used to clearly differentiate property boundaries.
Industry and commercial activities have been restricted as a result of the pandemic. Additionally, the need for this fence is unstable because of brief lockdowns in many large nations. The industry's situation has altered negatively as a result of the decrease in demand. On the other hand, due to the substantial impact on financial effects on various end-use sectors during the pandemic, investment opportunities in this industry dropped. Due to lower demand and an inability to control the company's finances, many small businesses have declared bankruptcy impacting the industry further more.
Fencing Market: Growth Drivers
Growth in middle-class population increases the demand for fences all over the world
The rise of the middle class is supporting the expansion of the fencing business. The emerging middle class is anticipated to rise to 5.5 billion people by 2030, as per the European Commission. Asians will make up 87 percent of the increased middle-class population. The rise of the fencing market is being fueled by rising house construction and a comeback in building completions. Growth in the estate market as a result of an increment in the number of businesses and increased investment in the building industry is also contributing to the growth of the global fencing market.
Fencing Market: Restraints
Fluctuating fence prices and unstable economic conditions due to COVID-19 pose threat to market
Raw material costs are fluctuating continuously due to unstable economic conditions all over the world due to pandemic and lockdowns. Metals used in fencing have become more expensive in several parts of the world. When the economy reopened and recovered from the over-a-year-long COVID-19 epidemic, the cost of goods such as aluminum, wood, and others had risen drastically. Economic activity in the global fencing market also slowed as a result of the epidemic.
Fencing Market: Opportunities
Increased use of electric fencing to seal international borders and for agricultural purposes to provide growth opportunities
Electric fence is being used by many military forces throughout the world to deter incursion near international boundaries. Over the disputed border with India, China's military services prefer to lay down spiked electric wires in the Ladakh valley. To safeguard the China-Russia border, Russia's militaries installed an electric fence. As a result, market development is expected to be aided by the increased focus on national security. An electric fence is far more impactful for farm safety since it prohibits wild animals from entering without permission. The industry is expected to grow as farm owners increasingly use electric fences to protect their land from animals in the wild.
Fencing Market: Challenges
High price associated with upgradation & maintenance of electric fences pose a challenge
The high price of upgrades and maintenance associated with replacing traditional electric fences makes it difficult to conduct frequent inspections to ensure optimal performance. Its expansion is hampered by hefty maintenance expenses. Farmers are seeking other solutions, like unmanned stems, to offset the high fixed costs linked with the necessity to deploy barriers over international boundaries, which may stifle market expansion.
Fencing Market: Segmentation Analysis
The global fencing market may be divided into four categories based on material: plastic fences, metal fences, concrete fences, wood fences, and other. Metal fence is by far the most popular material in the worldwide fencing industry. Due to its long-term reliability and low maintenance and repair needs, the plastic fence category is anticipated to rise at the highest pace in the future years. Composite, vinyl, and high-density polyethylene (HDPE) fences are examples of this type.
Based on product, the fence can be divided as temporary and permanent, where the temporary segment is expected to depict a steady rise in the forecast period.
Based on the end-user, the fencing market has been segmented into residential, commercial, industrial, agricultural, and others. Throughout the projection period, residential is expected to be the most popular application category and is likely to rise due to an increase in building and renovation activity. Moreover, increased disposable income combined with increasing consumer attention to home repair activities is anticipated to fuel demand for residential fences over the period.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Fencing Market: Regional Landscape
Europe and North America lead the global fencing market followed by Asia Pacific.
Over the forecast period, Europe and North America are expected to be the most important regions. The regional market is expected to develop as building activities increase and demand for ornamental home items rises. In 2021, the North American region amounted for about 40.0 percent of the total market. The middle-class demographic in these regions is predicted to invest in over 75.0 percent of global fence purchases.
Due to the expanding agricultural sector of rising nations such as India and China, Asia Pacific region is expected to gain momentum throughout the forecast period. India's urban growth and rising investment in infrastructure reforms are likely to boost the market in the region.
Fencing Market: Competitive Landscape
Given the prominence of top global companies in the fencing industry, starting new businesses becomes tough. Though collaborations with these companies might be beneficial to small players, new investors can invest in the supply chain of the fencing industry for profits. 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.
The global fencing market is segmented as follows:
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.
Increase in demand for electric fencing in global defense sector to strengthen international boundaries and restrict mobility across countries along with increase in size of middle class population will influence the fencing market growth over the forecast period.
The size of the global fencing market is expected to attain a value of USD by 444.5 million in 2028, growing at a rate of growth at the rate of 5.55% CAGR during the forecast period from USD 300.01 million in 2021.
According to Zion Market Research, North America and Europe are the leading market in the global fencing industry. Given the rise of urbanization in India, and other projects in Asian countries, the Asia Pacific region is expected to provide scope for future market development.
Insights from Zion Market Research list 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 as the major players in the global fencing industry.