Published: Jan, 2018
Fencing – installed to prevent unwanted access to your property by burglars and stray animals, to prevent pets from escaping, and sometimes simply for show – is a multi-billion dollars’ worth market these days. Manufacturers are producing them using various materials such as wood, metal, plastic, composite, and concrete to suit the various needs of buyers.
In order to expand their market share, the manufacturers are seen focusing on end-to-end, enhanced solutions, product development, and improved customer service. Some of the noteworthy players in the global fencing market are Jerith Manufacturing Company Inc., Allied Tube and Conduit, Ameristar Fence Products Inc., Associated Materials LLC, Betafence NV, Bekaert, CertainTeed Corporation, Long Fence Company Inc., Gregory Industries Inc., and Ply Gem Holdings Inc.
In recent report on the market for fencing, Transparency Market Research states that it will progress at a steady 4.5% CAGR from 2017 to 2025 to clock a value of US$36.0 bn by end of 2025.
Depending upon type, the global market for fencing can be divided into agricultural/livestock wire fence, commercial wire fence, etc. Agricultural/livestock wire fence, among them, accounted for a dominant share of 39.0% in 2016. The segment is also expected to clock maximum growth pace over the course of the forecast period.
Geography-wise, North America, South America, Europe, Asia Pacific, and the Middle East and Africa are the main regions in the global market for fencing that have been studied in the report. North America dominated the market with a significant 32.0% share in 2016 on the back of flurry of residential and industrial construction projects. The large number of pet owners in the region too are providing a fillip to demand.
Flourishing Construction Activities Generate Demand in Market
Ongoing real estate construction activities are mainly catalyzing demand in the market for fencing. Fences not just provide security, but also have a visual appeal, if done aesthetically. Building of commercial buildings such as malls, along with offices and factories all over the world has been promoting demand in the market.
Further, increasing trend of building parks and gardens in cities by authorities and private players is also having a positive impact on the market for fencing. Fencing is also used to better protect crops, animals, and property in the agricultural and animal husbandry sectors.
Usage of New Materials Having Improved Functionality Boosting Market
The lead analyst of the TMR report adds, “The global market for fencing is being bolstered by continued progress in the technological front, resulting in the rollout of new materials demonstrating greater durability and other superior features and functionalities. For instance, fences are being created with high-tech materials such as electro-plastic twine and high tensile polymer rail for improved protection. Such materials are rigid and extremely useful for bulwarking animals and properties.”
Some of the more recent products in the global market for fencing that are gaining traction are electrified fence that give electric shocks and invisible fence that make use of digital radio frequencies to operate. Military and prison areas that require high security are at the forefront of driving up their demand.
This review is based on the findings of a TMR report, titled, “Fencing Market (Product - Agricultural/Livestock Wire Fence and Commercial Wire Fence; Material - Metal Fencing, Wood Fencing, Plastic and Composite Fencing, and Concrete Fencing; End-User - Residential, Agriculture, and Industrial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”
The Global Fencing Market is segmented as below:
Global Fencing Market, by Product Type
- Agricultural/Livestock Wire Fence
- Commercial Wire Fence
Global Fencing Market, by Material
- Metal Fencing
- Wood Fencing
- Plastic and Composite Fencing
- Concrete Fencing
Global Fencing Market, by End-user
Global Fencing Market, by Geography
- North America
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- South America
- Rest of South America
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