Press release
Fencing Market To Witness Growth At Nearly 5% CAGR Till 2024 - Hexa Research
Increase in safety & security concerns, commercial construction, and transportation construction are expected to impel market growth. Augment in government funding to enhance the aesthetics value of parks, government premises, and public places can drive the market demand.
Development in new materials is likely to increase the life of the fences while reducing the cost. This is expected to further impel market. However, unlicensed contractor and rising prices of the wood, aluminum, and iron can hamper market growth. The global fencing market is fragmented into materials, applications, and regions.
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https://www.hexaresearch.com/research-report/fencing-market
On the basis of materials, the market is divided into concrete, wood, plastic & composites, and metal. Metal fencing held over 50% of the overall revenue in 2014. Ornamental and chain link fences can drive the metal fence sector. Concrete fencing can witness a growth.
Applications segment is divided into agricultural, industrial, and residential. The residential sector was valued at over USD 14 billion in 2014.
Agriculture sector can witness a considerable growth owing to the growing need to safeguard the farm, animals, and crops from thieves and other wild animals. Rising need for fencing in schools, colleges, and industrial premises can also impel the growth in the industrial sector.
Regions encompass North America, Europe, Asia Pacific, and Rest of the World (RoW). North America fencing market is anticipated to witness a considerable growth owing to the increase in the housing decorations and construction products. The regional market is likely to grow at a CAGR surpassing 4% during the eight years.
Europe will also show a robust growth due to rise income opportunities from the growing middle-class. Asia Pacific fencing industry can exhibit a significant growth due to the agricultural development in the sector. Moreover, augment in home decoration and infrastructure construction demand can drive the market in the region.
Major players of the fencing market Allied Tube & Coduit, Betafence, Bekaert, and CertainTeed. Players extensively engage in mergers and acquisition strategies to survive the competition
Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/hvac-and-construction-industry
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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
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