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Global Fencing Market: Companies Focus on Mergers to Stay Competitive and Consolidated, finds TMR

Posted on Feb 06, 2017

The global fencing market is characterized by a high degree of competition and fragmentation with a vast number of local manufacturers dominating the industry. In a report released by Transparency Market Research (TMR), the existing players are studied to have taken to different mergers and acquisitions in order to survive the competition and consolidate their position. Out of all the major players in the global market, CertainTeed Corporation has topped the list followed by Betafence and Allied Tube & Conduit Corporation. Some of the other players making a mark in the industry are Ply Gem Holdings, Tenax Group, Associated Materials LLC, and Bekaert.

As per the statistics of the TMR report, the world fencing market is poised to reach US$29.1 bn by 2018. In 2016, the market had registered US$26.6 bn. The commercial wire fence market is expected to exhibit a speedy growth between 2012 and 2018 to touch US$20.8 by the end of the forecast period. It mainly thrives on the popularity and less maintenance and repair of chain link fence and other commercial wire fences, owing to their unobstructed view, good appearance, and durability. North America is anticipated to continue ruling the global market with an approximate share of 32.6% in 2018. However, the baton could be passed on to Asia Pacific on account of its faster growth.

Home Improvement Gives Company to Security Concerns to Drive Growth

The rising interest toward improving home decor and buying more decorative and innovative home improvement products has significantly smoothened the growth track of the global fencing market. Remodeling along with home maintenance and repair activities have surged in the recent years. With the growing disposable income of the middle class population in developing countries such as China, India, and Australia, more preference is given to creative fencing products amongst the young families. The demand for fencing products is also rising on the back of the large number of building permits for the construction of industrial facilities, shopping outlets, and offices. As the number of thefts and crimes aggravate, the demand for residential and commercial fencing will augment further.

The international fencing market is mainly classified by product type, material, and end use. The key geographical regions analyzed in the report are North America, Asia Pacific, Europe, and Rest of the World.

Manufacturers Compensate for Lower Margins with High Prices

The lower margins of fencing manufacturers have forced the rise in prices in the global fencing market. Besides this, the prices of raw materials have been fluctuating due to the high tariffs on electricity and gas, which account for over 30.0% of the total production cost. Thus, the inflating energy cost and volatile raw material prices have emerged as the major restraints of the global market.

Howbeit, the swelling demand for fencing products by the residential sector, which holds a nearly 40.0% share in the global fencing demand, is predicted to be a good opportunity to make a comeback in the market. Privacy fencing and the propagating acceptance of synthetic alternatives have helped the market to rise above its constraints. More opportunities are foreseen to arise from the shift in trend from formal to casual products as the customers get influenced by fashion and design developments.

The study presented here is based on a report by TMR, titled “Fencing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2012 - 2018.”

The global fencing market has been segmented in the following arrangement.

  • By Product
    • Agricultural/ Livestock Wire Fence
      • Hinge Joint Fence
      • Electric Fence
      • Other Agricultural Wire Fence
    • Commercial Wire Fence
      • Chain Link Fence
      • Welded Wire Fence
      • Other Commercial Wire Fence
  • By Material
    • Metal Fence
      • Barbed and Twisted Steel Wire Fence
      • Non-wire Fence
      • Other Metal Fence
    • Wood Fence
      • Assembled Fence
      • Unassembled Fence
      • Other Wood Fence
    • Plastic and Composite Fence
      • Vinyl Fence
      • HDPE Fence
      • Composite Fence
    • Concrete Fence
  • By End Use
    • Residential
    • Agricultural
    • Industrial
  • By Geography
    • North America
    • Europe
    • Asia Pacific
    • RoW

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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