Published: Jul, 2018
Manufacturers within the global fencing market seem to focus on end to end product development, enhanced solutions, improved customer service. According to Transparency Market Research (TMR), manufacturers developing pencils from various materials such as plastic, metal, composite, would, and concrete so as to meet the various demands of customers. Some of the leading players operating with in the global fencing market are: Allied Tube and Conduit, Jerith Manufacturing Company Inc., Ameristar Fence Products Inc., Betafence NV, Associated Materials LLC, Bekaert, CertainTeed Corporation, Gregory Industries Inc., Long Fence Company Inc., and Ply Gem Holdings Inc.
According to Transparency Market Research, the global fencing markets will exhibit a 4.5% CAGR between 2017 and 2025 and be worth US$36 bn by 2025. On the basis of type, the leading segment is agricultural / livestock wire fence which accounted for 39% of the total market share in the year 2016. This segment is also anticipated to expand in the fastest growth rate in the years to come. On the basis of geography, North America has been leading in the market riding on the back of rapidly expanding Industrial and residential construction projects. A large number of pet owners in North America is also behind the growth of the fencing market in the region.
Growing Number of Commercial Buildings to Drive Growth of Fencing Market
One of the key factors boosting the growth of the global fencing market is the rising real estate construction activities. Fences not only provide a visual appeal but also offers security. Building of commercial buildings has risen many folds in the past few years and a large number of malls, factories, and offices are seen all over the world which in turn is creating a demand for fences.
Durability of Fencing Material as a Result of R&D to Benefit Growth of Market
The continued progress of the new materials which are developed through research and development and advancements in technology have resulted in durability and enhanced features and functionalities of building materials. This is also behind the progress of the global fencing market. These newly developed materials for constructing census is rigid and made from Hitech materials such as electro plastic twine the new lead developed materials for contracting pencil. And made from high tech materials search as electric plastic twine and tighten self all removal that offers enhanced protection and functionality which is a useful for bulwarking animals and properties.
Demand from Prisons and Military Sectors Increasing
Technological advancement has also resulted in the development of electrified side fences which gives electric shocks to trespassers. Customizable fence is which make use of digital radio frequencies for operating are also developed by manufacturers by leveraging on advancement in technology. Prisons and military the application areas which required high security and are demanding these types of electrified and invisible fences.
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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