Henry Paul
Fencing Market Growth & Trends
The global fencing market size is anticipated to reach USD 44.39 billion by 2030, growing at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The growing need to safeguard agricultural assets and the aggressive investments being made by private companies in strengthening the security and enhancing the aesthetics of their premises are expected to drive the growth of the market over the forecast period. The growth of the real estate market and the increase in the number of remodeling projects being undertaken are expected to contribute to the growth of the market.
Fencing Market Segmentation
Grand View Research has segmented the global fencing market based on material, distribution channel, installation, application, end use, and region:
Based on the Material Insights, the market is segmented into Metal, Wood, Plastic & Composite, Concrete.
- The metal segment accounted for the largest revenue share of over 50% in 2021. Metal fencing is particularly used in public places and by government organizations. The growing preference for chain links fences and ornamental fences is expected to drive the growth of the segment. The growing need to install a stronger fence to enhance security can also be considered one of the key factors driving the popularity of metal fencing. The growing preference for durable fences that can potentially withstand the changing weather conditions bodes well for the growth of the segment.
- Wood fencing is a popular choice for residential applications, especially in semi-urban and rural areas, owing to its distinctive aesthetic appeal and the easy availability of wood at affordable prices. These factors have been driving the growth of the wood segment over the past few years. However, wooden fencing is anticipated to witness intense competition from plastic & composite fencing, owing to the lower cost and maintenance associated with the latter. Hence, the plastic & composite segment is also poised for significant growth over the forecast period.
Based on the Distribution Channel Insights, the market is segmented into Online and Retail.
- The retail segment accounted for the largest market share of over 75% in 2021. The retail distribution channel provides customers with instant access to the products offered by key vendors. It also helps vendors in reducing their marketing budget, thereby contributing to the growth of the segment. Customers looking for customized fences prefer visiting retail stores. Given that customized solutions are rarely available on popular online marketplaces; customers can conveniently visit retail outlets to procure fences as per their requirements.
- The online segment is expected to register the fastest growth over the forecast period. There are several benefits associated with online distribution channels. Setting up an online distribution channel calls for relatively lower startup costs as compared to a retail store. Besides, online channels also allow customers to check out all the products on offer and compare those with each other in real time. The growing awareness about the benefits associated with online channels is also encouraging vendors to opt for online distribution channels, thereby driving the growth of the segment.
Based on the Installation Insights, the market is segmented into Do-It-Yourself and Contractor.
- The contractor segment accounted for the largest revenue share of over 75% in 2021. There are several contractors present in the market offering adequate expertise in installing fences according to customers’ suggestions related to aesthetics. Contractors possess the material handling capability usually hard to establish on the customers' part. Contractors can also deploy skilled professionals capable of installing fences with utmost efficiency. Hence, customers prefer getting fences installed through contractors. All these factors are allowing the contractor segment to dominate the market.
- The Do-It-Yourself segment is poised for significant growth over the forecast period in line with the customers’ growing preference for customized fences. There are numerous Do-It-Yourself (DIY) fencing kits available in the market. In most cases, fences constructed using DIY kits tend to be vinyl fences as they are the easiest to install. However, although installing a fence as a DIY activity can be an option for customers, it is often highly time-consuming. In other words, customers opting for DIY kits may have to cope with a lengthy fence construction process.
Based on the Application Insights, the market is segmented into Residential, Agricultural, and Industrial.
- The residential segment accounted for the largest market share of over 60% in 2021. The increasing residential construction and remodeling activities allowed the segment to dominate the market. The strong emphasis households are putting on security and privacy and the increasing levels of disposable income are driving the investments in fencing products for residential applications. The preference for installing customized fences and enhancing the aesthetic appeal of the residential properties is also emerging as one of the key factors driving the growth of the segment.
- The growing need to safeguard farm animals, crops, and farm areas from wild animals and thieves is anticipated to drive the demand for fences for agricultural applications. The rise in the instances of agricultural area intrusions is propelling the demand for fencing for agricultural applications. Fences used in agricultural applications are typically designed and manufactured according to customers’ requirements using good-quality raw materials. Meanwhile, the industrial segment is anticipated to grow in line with the growing demand for fencing solutions from industrial and manufacturing units.
Based on the End-use Insights, the market is segmented into Government, Petroleum & Chemicals, Military & Defense, Mining, Energy & Power, Transport, Others.
- The military & defense segment accounted for the largest market share of over 29% in 2021. The growing need for adequate border control and safety is expected to drive the growth of the segment. Meanwhile, the energy & power segment is expected to emerge as the fastest-growing end-use segment over the forecast period. The growing demand for high-security fencings, such as anti-cut and anti-climb perimeter fencing and partitioning to protect critical power grid infrastructure is estimated to drive the growth of the segment over the forecast period.
- Petroleum companies and chemical companies are making significant investments in upgrading their existing refineries and processing plants as well as developing new industrial infrastructure. Activities carried out in these facilities often involve the release of hazardous chemicals and gases, which can be harmful to both trespassers and other individuals invading the premises knowingly or unknowingly. Hence, these companies are installing strong and durable fencing to counter any potential instances of trespassing, thereby driving the growth of the petroleum & chemicals segment.
Fencing Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Market Share Insights
- September 2020: Bekaert and Almasa SA signed an agreement to merge Proalco SAS, a subsidiary of Bekaert, with Almasa SA’s steel wire activities to combine the resources and expertise in offering new and existing steel wire products and solutions to the customers.
Key Companies Profile & Market Share Insights
The market can be described as a highly competitive market characterized by a high degree of fragmentation and dominated by a large number of local manufacturers catering to the needs of the customers in their respective regions.
Some of the prominent players operating in the global fencing market include,
- Allied Tube & Conduit
- Ameristar Fence Products Incorporated
- Associated Materials LLC
- Bekaert
- Betafence NV
- CertainTeed Corporation
- Gregory Industries, Inc.
- Jerith Manufacturing Company Inc.
- Long Fence Company Inc.
- Ply Gem Holdings Inc.
- Poly Vinyl Creations Inc.
Order a free sample PDF of the Fencing Market Intelligence Study, published by Grand View Research.
0
Henry Paul
Related Articles
Sizing and ForecastThe fencing market size has grown strongly in recent years. The fencing market size is expected to see strong growth in the next few years. 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. The regions covered in the fencing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. id=6775&type=smp Major Driver Impacting Market GrowthThe increase in urbanization is significantly contributing to the growth of the fencing market.
0
The Fencing Global Market Report 2021-31 by The Business Research Company describes and explains the global fencing market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The Fencing Global Market Report 2022 covers fencing market drivers, fencing market trends, fencing market segments, fencing market growth rate, fencing market major players, and fencing market size. The global fencing market size is expected to reach $40. id=6775&type=smp Fencing Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. AppendixAbout The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
0
It contains an overview of the global Fencing Market regarding type and applications, featuring the key players and business resources. This document showcases the list of top competitors and gives insights into strategic industry analysis of the key factors affecting the global Fencing Market. The extensive range of analysis with the associated impact of these improvements on the future of global Fencing Market industry growth. About Us:Polaris Market Research is a worldwide market research and consulting organization. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.
0
According to the research report published by Polaris Market Research, the Global Fencing Market Is Expected To Reach More Than USD 40,730 Million By 2026, at a CAGR of 5. Additionally, the SWOT analysis method is used in the study to evaluate the growth of the most Fencing Market key players. In addition, suggestions and guidance for new entrants in the market have been given that carefully directs existing businesses for accelerated Fencing Market expansion. com/industry-analysis/fencing-marketAbout Us:Polaris Market Research is a worldwide market research and consulting organization. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.
0
The global fencing market is estimated to be valued at US$ 36127. Made from a variety of materials including wood, vinyl, metal, and concrete, it serves both functional and aesthetic purposes. Segment Analysis The global fencing market is segmented by material, product type, and end-use sector. The metal segment dominated the market in 2022 and is expected to continue its dominance over the forecast period. , Long Fence Company Incorporated, Betafence NV, Jerith Manufacturing Company Incorporated, Ply Gem Holdings Incorporated, and Poly Vinyl Company Incorporated.
0
The key players in the Metal Fencing market are1. Key Questions Answered in the Metal Fencing Market Report are: What is the function of Metal Fencing? What is the predicted revenue generation of the Metal Fencing market? Who are the major market giants operating in the Metal Fencing market? About UsMaximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally.
0
