Press release
Fencing Market Outlook 2024: Exclusive Report By The Business Research Company
Fencing Market
The Business Research Company offers in-depth market insights through Fencing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The fencing market size has grown strongly in recent years. It will grow from $30.36 billion in 2023 to $32.18 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to security concerns, growth in residential construction, increased urbanization, agricultural needs, property boundaries.
The fencing market size is expected to see strong growth in the next few years. It will grow to $39.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to residential renovation, sustainable and eco-friendly fencing, rising land prices, customization and innovative designs, green building initiatives. Major trends in the forecast period include smart fencing systems, vertical gardens and green fencing, laser-cut and decorative panels, modular and diy fencing, solar-powered fencing.
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Market Segmentation:
The main materials used in fencing are plastic, metal, wood and composite, concrete. Plastic fencing refers to plastic fences made from synthetic materials. Compared to traditional wood fences, these materials are more robust, easier to maintain, and have a far longer lifespan. Fencing is applied on residential, agricultural, industrial sectors. Fencing is used by government, mining, defence, petrochemicals, transport, and energy industries.
Major Driver - Rising Urbanization Fuels Fencing Market Growth
The increase in urbanization is significantly contributing to the growth of the fencing market. Urbanization refers to the movement of mass population from rural areas to urban settings, which results in the increasing human population densities in urban areas. The need for residential and non-residential structures is expanding as a result of urbanization, which will propel the fencing industry forward. The rise of the middle class is supporting the growth of the fencing business. Therefore, increasing urbanization is expected to propel the growth of the fencing market going forward.
Competitive Landscape:
Major companies operating in the fencing market include Allied Tube & Conduit Corp, Ameristar Fence Products Incorporated, Bekaert Corporation, CertainTeed Corporation, Long Fence Company Inc., Poly Vinyl Creations Inc., Fortress Building Products, Master-Halco Inc., Stephens Pipe & Steel LLC, Jerith Manufacturing LLC, Pexco LLC, Betafence NV, Trex Company Inc., Barrette Outdoor Living Inc., Gregory Industries Inc., Wheatland Tube Company, BIFFERdil Group, AmeriFence Corporation, Merchants Metals, Royal Building Products, Dura Fence, Eastern Wholesale Fence Co. Inc., Illusions Vinyl Fence, Nationwide Industries Inc., Universal Forest Products Inc., Homestead Vinyl Products Inc., Country Estate Fence, Weatherables, Ply Gem Holdings Inc.
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Top Trend - Strategic Partnerships Drive Industry Fencing Market Growth
Growing strategic partnerships and collaboration are the key trends gaining popularity in the fencing market. Major companies operating in the fencing sector are focused on partnerships and collaborations in order to expand their expansion into new areas and become industry leaders. For example, in March 2021, Binford Supply, a US-based private equity firm, partnered with Fencing Supply Group, a US-based wholesale distributor of fencing and outdoor living products, to continue to support the platform through organic growth initiatives as well as an active acquisition strategy.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Fencing Market Characteristics
3. Fencing Market Trends And Strategies
4. Fencing Market - Macro Economic Scenario
5. Fencing Market Size And Growth
…..
27. Fencing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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