Press release
Fencing Market Share, Trends, Historical Analysis, Opportunities and Segments
The global fencing market is anticipated to witness sustainable growth throughout the forecast period. Increased consumption of fencing in Asia-Pacific, the growing construction industry, investment in material R&D, and supportive government regulations & initiatives for construction is expected to drive the demand for fencing in residential spaces. However, fluctuation in raw material prices is expected to hinder the growth of the market.
North America region, to see a gradual increase in the fencing market over the forecast period
Based on region, the global fencing market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America accounted for the largest share in the overall fencing market followed by Europe and Asia-Pacific, in 2017, which will continue with its dominance by 2023. The reason is attributed to the increasing investments in R&D for advanced materials and growing demand from the renovation and remodeling projects in the region. Moreover, various benefits of fencing such as cost-effectiveness, durability, and increased aesthetics associated with the fencing system has further enhanced the demand for this market.
Residential segment, to account for the fastest growing segment in the overall fencing market
Based on application, the residential segment is expected to exhibit maximum growth rate between the period of 2018 to 2023. The reason is attributed to rapid urbanization, which has resulted in the expansion of the real-estate market. This is backed by increased spending by the developers. This in turn has generated lot of demand for fencing in the residential segment. Hence, residential segment is projected to contribute significantly over the forecast period
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Scope of the Report
This study provides an overview of the global fencing market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Fencing market by material, by product, by end-user, and by region.
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By Material
Concrete
Plastic & Composites
Wood
Metal
Others
By Product
Hinge-joint Fence
Electric Fence
Welded Fence
Others
By End-user
Residential
Commercial
Industrial
Agricultural
By Region
North America
Asia-Pacific
Europe
Rest of the World
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Key Players
The prominent players in the Fencing market are Betafence NV (Belgium), Jerith Manufacturing Company Inc. (US), Long Fence Company Inc. (US), Associated Materials LLC (US), CertainTeed Corporation (US), Gregory Industries Inc. (US), Bekaert (Belgium), Long Fence Company Inc. (US), Associated Materials LLC (US), Ply Gem Holdings Inc. (US), Ameristar Fence Products Inc. (US), and Allied Tube and Conduit (US) among others.
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