Global Fencing Market Size, Share, Forecast Report, 2020-2027

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Fencing Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Fencing market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global fencing market size was valued at USD 28.0 billion in 2019 and is expected to register a CAGR of 5.2% from 2020 to 2027. Factors such as new housing construction, improvement, and remodeling activities are expected to drive the market growth over the forecast period. Moreover, due to low maintenance costs and high-reliability attributes, fencing is widely used in housing constructions. The rise in safety and security concerns and increased expenditure for rebounding offices, transportation, and commercial constructions are further expected to drive the market for fencing.

Fencing products are expected to witness a rise in demand due to the growing need for improving the appearance and value of the property. Increased spending on institutional construction is anticipated to drive the market. Increased government spending for enhancing parks, public places, and government premises is further estimated to drive the demand for fencing products. Factors such as cost, quality, design, and aesthetic value are among the major buying criteria.

The surge in real estate development across the globe is expected to contribute to market growth. In addition, growing industrialization is anticipated to drive the demand for fencing products over the forecast period. Emergence of cost-effective fencing materials, coupled with the growing construction sector in emerging countries, such as China and India, is driving the market. Moreover, rising incidents of security breaches are driving the need for safety and security, subsequently driving the demand for fencing.

Owing to increasing environmental awareness, eco-friendly fencing materials are expected to gain popularity. However, these eco-friendly fences require high maintenance, due to which there is a shift toward low maintenance fences such as vinyl. In addition, plastic fences have a comparatively lower cost, are lightweight, and can be easily installed without any professional assistance.

Farmers are increasingly focusing on safeguarding their property and livestock and are hence investing in fencing. The development of new materials that reduce the cost and improve durability would contribute to product profitability over the forecast period. However, unlicensed contractors that use inferior products may act as a challenge for market growth. The rise in the price of materials used, such as iron, aluminum, and wood, would restrict the market growth over the forecast period

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Fencing market are included as given below:

Key vendors in the market include CertainTeed Corporation; Bekaert; Ameristar Fence Products Incorporated; Allied Tube & Conduit; and Ply Gem Holdings Inc. The market is highly competitive with a high degree of fragmentation and is dominated by a large number of local manufacturers catering to the needs of the customers of a particular region. Innovation and developments related to technology and designs are expected to be crucial success factors for market players. Companies accounting for a significant market share include CertainTeed Corporation, Betafence, and Allied Tube & Conduit.

Existing players are extensively adopting various inorganic growth strategies including mergers and acquisitions to consolidate their market position. They primarily focus on acquiring local players as they have a dedicated customer base. Players are also adopting innovative methods to reach out to consumers and establish a brand presence. Furthermore, vendors are focusing on increasing their product penetration by leveraging the breadth of their product offerings and broad geographical footprint to serve customers across the globe and by pursuing cross-selling opportunities.

The global Fencing market has been segmented as below:

• Material 

  • Metal

  • Wood

  • Plastic & Composite

  • Concrete

• Distribution Channel 

  • Online

  • Retail

• Installation 

  • Do-It-Yourself

  • Contractor

• Application 

  • Residential

  • Agricultural

  • Industrial

• End-Use 

  • Government

  • Petroleum & Chemicals

  • Military & Defense

  • Mining

  • Energy & Power

  • Transport

  • Others

• Global Fencing Market by Region
• North America
• Europe
• Asia Pacific
• Rest of the World

Reasons to Purchase this Report:

Estimates Fencing development trends with SWOT analysis

• Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
• Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
• Market dynamics scenario, along with growth opportunities for players in the years to come
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects