Market Research Future published a research report on “Fencing Market Research Report – Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Research Future (MRFR) is of the view that the global fencing market can achieve a CAGR of around 5.12% during the forecast period (2018-2023). It can touch a valuation of USD 26.51 billion by 2023, adds MRFR.
Top Drivers and Main Restraints
High demand for high-value fencing materials like ornamental plastics, metals, and composites seems to be working in favor of the Fencing Market. Fencing made of metal enjoys the highest demand in the market, with the main reason being their less maintenance cost compared to wood fence and others. Europe and North America generate massive demand for metal fences. Therefore, increasing demand for high-value fences like metal fences can help the market progress at a remarkable pace in the coming years.
Various government bodies all over the world are increasing their spending on construction of new buildings, and beautification of parks, public locations and more. Governmental institutions are presumed to make high demand for fences. Surge in government funding on the construction of amusement parks can accelerate the demand for fences in the government sector.
Furthermore, huge demand for fences comes from the residential section across the globe. The commercial sector is another important end-user in the market, with chain link fencing witnessing rising demand since they offer better protection as well as service compared to other types of fences. At present, the demand for fences that are made of plastics and composites like vinyl is increasing. Other than this, developed regions are also opting for low-cost imported fencing products, which is deemed to encourage market growth.
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Leading vendors forming the fencing market are Ameristar Fence Products Inc. (US), CertainTeed Corporation (US), Bekaert (Belgium), Betafence NV (Belgium), Ply Gem Holdings Inc. (US), Allied Tube and Conduit (US), Associated Materials LLC (US), Long Fence Company Inc. (US), Gregory Industries Inc. (US), Jerith Manufacturing Company Inc. (US), Long Fence Company Inc. (US), to mention a few.
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.
- Plastic & Composites
- Hinge-joint Fence
- Electric Fence
- Welded Fence
- North America
- Rest of the World
Market Research Analysis:
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 remodelling 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.
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Table of Content:
Chapter 1: Fencing Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Fencing Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Fencing Market Effect Factors Analysis
Chapter 12: Global Fencing Market Forecast
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