|Fastest Growing Market:||North America|
|Largest Market:||North America|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The Global Fencing Market is estimated to grow at a CAGR of more than 4% during the forecast period. The rise in commercial and residential building projects is increasing the demand for fencing. Increasing demand for reliable and durable fencing systems in the building has led to developments and innovations in manufacturing. The residential segment is witnessing growth in terms of new construction and renovations across the globe. It has been the driving force for the overall fencing market globally.
In the past few years, the Global Fencing market experienced a huge change under the influence of COVID-19. North America holds a leading share because of the rising industrial and residential construction projects in the region. Europe trails North America in terms of market share. Developed infrastructure and an increased thrust on security and safety have served to propel the market in Europe.
Another factor boosting the market in the region is the constant thrust on product innovation by manufacturing companies to suit the specific needs of their customers. Overall, the markets in North America and Europe are being filliped with the need to protect pets and also better bulwark against thefts and other forms of crime. The demand for renovation and retrofit projects is relatively high across Europe. Government-funded projects are focused on high-cost efficiency, thus increasing the demand for plastic fences.
Asia-Pacific is a promising market for fencing. Comprising the fastest-developing countries in the world, including China and India, the region is expected to witness considerable investor attention. Hurdles in the form of trade wars and economic slowdown do prevail in Asia-Pacific, mainly in China and India. Low domestic demand in India is driving the cuts in investments and production across the country. Also, the manufacturing sector in India has taken a toll, owing to several other economic factors of the country.
Scope of the Report
Fence means an artificially constructed barrier of any material or combination of materials erected to enclose or screen areas of land. The report offers a complete analysis of the Global Fencing Market, including a market overview, market size estimation for key segments and emerging trends by segments, and market dynamics. The report also offers the impact of COVID-19 on the market.
Global Fencing Market is segmented By Type (Wood Fencing, Metal Fencing, and Others), By End User (Residential, Agricultural, Military & Defense, Government, Petroleum & Chemicals, Mining, Energy & Power, Warehouse, and Other End-Users), and By Geography (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa). The report offers market size and forecasts in Values (USD billion) for all the above segments.
|By End User|
|Military & Defense|
|Petroleum & Chemicals|
|Energy & Power|
Key Market Trends
Increase in demand for other fencing materials
The increasing incidents of security breaches are promoting the need for safety and security. The growing industrialization is expected to drive the market demand over the forecast period. The increasing popularity of substitutes and demand for beautified residential fences may offer new opportunities. Growing safety and security concerns are driving the demand for metal fencing in public places, government properties, and commercial buildings. The comparatively lower cost of plastic fences is expected to give them an advantage over other fencing materials. They are also lightweight and can be easily installed without any professional assistance. Wood fences stay unaffected for many years if properly maintained. The wooden fences are predominant in areas close to forests.
This statistic illustrates the value of iron and steel wires used for fencing imported globally into United Kingdom from 2013 to 2020, in thousand British pounds. In the period of consideration, the import values of these goods fluctuated. The peak was recorded in 2013 when approximately 5.3 million British pounds of iron and steel wires used for fencing were imported by United Kingdom.
To understand key trends, Download Sample Report
Increasing global population and surge in real estate boosting fencing market
The world’s population is continuously rising and has nearly tripled since 1950. In 2020, the total world population was 7.75 billion people. Mainly due to the rapid growth of developing countries, the human population will continue to grow in the coming decades. The construction industry has always been one of the top revenue-generating industries worldwide. New construction technologies and demand for independent houses have been increasing lately. The cost of building new houses and materials used for construction are raising due to inflation which is the main reason people are trying to build their own houses as early as possible since the prices are increasing rapidly.
Consumers are highly conscious of home repair, maintenance, and improvement activities. As remodeling has continued to proliferate over recent years, with increasing housing sales and remodeling contractors, fences are also gaining popularity since they improve the house’s beauty and warrant its security and safety. As a result of an increase in the number of constructions, the demand for fencing for the new constructions can also increase in the forecast years. As demand for new houses is increasing, there is an increase in demand for house decorations and security.
To understand geography trends, Download Sample Report
The global Fencing Market is fragmented with many players present in the market. The growth for residential fencing in new construction projects is a significant driver to initiate new opportunities for the players. Growing strategic partnership and agreement among key manufacturers for market expansion is boosting the growth of the global Fencing Market. The industry participants have adopted various strategies, such as new product developments, partnerships, mergers and acquisitions, agreements, and collaborations, to achieve growth in the fencing market.
April 2021: Along with other major investors, Bekaert has invested in Cargo Sous Terrain (CST), a complete logistics system for the flexible transport of goods in Switzerland. As a shareholder and as technology advisor, Bekaert will contribute valuable technical expertise in concrete tunnel reinforcement and elevator solutions.
October 2021: Bekaert has obtained an environmental product declaration (EPD) for its Dramix® steel fibers for concrete reinforcement production in Petrovice (Czech Republic), demonstrating its excellent sustainability credentials.
Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Technological Trends
4.3 Insights on Supply Chain/Value Chain Analysis
4.4 Government Regulations
4.5 Insights on Materials Used for Fencing
4.6 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.4 Porter's Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers / Buyers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products
5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Wood Fencing
6.1.2 Metal Fencing
6.2 By End User
6.2.3 Military & Defense
6.2.5 Petroleum & Chemicals
6.2.7 Energy & Power
6.2.9 Other End-Users
6.3 By Geography
6.3.1 North America
220.127.116.11 United States
6.3.2 Latin America
18.104.22.168 Rest of Latin America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
6.3.4 Asia Pacific
188.8.131.52 Rest of Asia Pacific
6.3.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 Rest of Middle East & Africa
7. COMPETITIVE LANDSCAPE
*List Not Exhaustive
7.2 Company Profiles
7.2.2 PLY Gem
7.2.5 Ameristar Perimeter Security
7.2.6 Long Fence
7.2.7 Gregory Industries
7.2.8 A1 Fence Products
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
9.1 Marcroeconomic Indicators (GDP breakdown by sector)
9.2 Key Production, Consumption,Exports & import statistics
You can also purchase parts of this report. Do you want to check out a section wise price list?
Frequently Asked Questions
What is the study period of this market?
The Global Fencing Market market is studied from 2018 - 2027.
What is the growth rate of Global Fencing Market ?
The Global Fencing Market is growing at a CAGR of >4% over the next 5 years.
Which region has highest growth rate in Global Fencing Market ?
North America is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Fencing Market ?
North America holds highest share in 2021.
Who are the key players in Global Fencing Market ?
CertainTeed, PLY Gem, Bekaert, BetaFence, Ameristar Perimeter Security are the major companies operating in Global Fencing Market .