Market Research Future published a research report on “Fencing Market Research Report – Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Synopsis
The new research report by Market Research Future (MRFR) asserts that the global Fencing Market is slated to acquire a substantial market valuation of USD 26.51 billion at a moderate 5.12% CAGR over the review period.
Drivers and Restraints
There are numerous factors motivating the growth of the market, such as increasing the new residential building and remodeling/renovation projects due to the rapid urbanization. This is supported by the increased incidences of theft and burglary. The rising popularity of synthetic fence is pushing the demand for a temporary fence, wire mesh, portable fence, and others along with the augmented focus on the aesthetics and safety capabilities related to the fencing is expected to drive the market over the review period.
Additionally, technological advancement has also led to augmented demand from increasing security and defense areas. These applications have been able to leverage from the expansion of electrified fences and digital frequencies compatible fences.
Key Players
The top market players identified by MRFR in the global market are Jerith Manufacturing Company Inc. (US), Betafence NV (Belgium), Associated Materials LLC (US), Long Fence Company Inc. (US), Ameristar Fence Products Inc. (US), CertainTeed Corporation (US), Gregory Industries Inc. (US), Bekaert (Belgium), Associated Materials LLC (US), Long Fence Company Inc. (US), Ply Gem Holdings Inc. (US), and Allied Tube and Conduit (US).
Segments:
The global fencing market has been analyzed on the basis of material, product, and end-user. On the basis of material, the fencing market has been categorized into plastic & composites, concrete, metal, wood, and others. The product segment is further sub-segmented into the hinge-joint fence, electric fence, welded fence, and others. The end-user segment is classified into residential, industrial, commercial, and agricultural.
Based on material, the market has been segmented into plastic & composites, concrete, wood, metal, and others. Metal fencing holds a larger market share owing to its properties, such as durability and flexibility. The metal fence has gained popularity because of the related cost-effectiveness and increased security. Furthermore, low maintenance, increased aesthetics, and durability are other factors driving the growth of the segment.
Based on the product, the segment is further classified into an electric fence, hinge-joint fence, welded fence, and others. The electric fencing market is anticipated to witness a higher growth rate over the forecast period. The electric fencing displays various benefits in terms of low maintenance costs, higher level of detection capabilities, easy installation, and ease of operation, among others. The segment has shown substantial growth due to increased application in the defense and security areas.
Based on end-user, the fencing market is classified into residential, commercial, industrial, and agricultural. The residential sector is expected to be the fastest-growing segment during the forecast period. The rapid expansion of the residential and real-estate market has resulted in the building of more homes and living spaces. This is supported by increased spending by the developers. This has consequentlyhas generated much demand for fencing in the residential segment. Hence, the residential sector is projected to contribute significantly over the forecast period.
Market Research Analysis:
Regional Overview
The geographical overview of the global fencing market has been conducted in four major regions, namely the Asia Pacific, Europe, North America, and the rest of the world.
North America accounted for the prime share in the overall fencing market, followed by Europe and Asia-Pacific, in 2017, which will sustain with its dominance by 2023. This is attributed to the growing investments in research and development for advanced materials and rising demand from the renewal and remodeling projects in the region. Asia-Pacific region holds a considerable share in the market after North America and Europe. The region has witnessed an increasing number of construction projects backed by huge capital inflow in the commercial and residential construction in nations such as China and India. This is estimated to fuel the demand for fencing in the Asia-Pacific region in the foreseeable future.
Table of Content:
Chapter 1: Fencing Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Fencing Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Fencing Market Effect Factors Analysis
Chapter 12: Global Fencing Market Forecast
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