Fencing Market Research Report, By Material (Concrete, Plastic & Composites, Wood, Metal, and others), By Product (Hinge-joint Fence, Electric Fence, Welded Fence, and others) By End-user (Residential, Commercial, Industrial, and Agricultural) and Region — Global Forecast till 2023

Market Synopsis: Global Fencing Market

A fence is referred to as an upright structure that encircles a region to mark a boundary, railing, or barrier. There are several factors driving the growth of the market such as growing the new residential building and remodeling/renovation projects owing to the rapid urbanization. This is backed by the increased incidences of theft and burglary. The growing popularity of synthetic fence is pushing the demand for temporary fence, portable fence, wire mesh, and others along with the increased focus on the aesthetics and safety capabilities associated with the fencing is expected to drive the market in the coming years.

Furthermore, technological advancement has also led in the increased demand from high security and defense areas. Such applications have been able to leverage from the development of electrified fences, and digital frequencies compatible fences.

The global fencing market is expected to witness a CAGR of around 5.12%, to reach at USD 26.51 billion over the forecast period.

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Global Fencing Market: Regional Analysis

The global fencing market has been segmented into the regions of North America, Europe, Asia-pacific, and 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. This is attributed to the increasing investments in R&D for advanced materials and growing demand from the renovation and remodeling projects in the region. Asia-Pacific region holds a sizeable share in the market after North America and Europe. The region has witnessed increasing number of construction projects backed by huge investment inflow in the commercial as well as residential construction in the countries such as China and India. This is expected to fuel the demand for fencing in the Asia-Pacific region in coming time.

Global Fencing Market: Segmentation

The global fencing market has been segmented on the basis of product, material, and end-user. On the basis of material, the market has been classified into concrete, plastic & composites, wood, metal, and others. Product segment is further sub-segmented into hinge-joint fence, electric fence, welded fence, and others. End-user segment is classified into residential, commercial, industrial, and agricultural.

Based on material, the market has been bifurcated into concrete, plastic & composites, wood, metal, and others. Metal fencing hold larger market share owing to their properties such as durability and flexibility. Metal fence has gained popularity because of the associated cost-effectiveness and increased security. Furthermore, increased aesthetics, low maintenance, and durability are other factors driving the growth of the segment.

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Based on product, the segment is further classified into hinge-joint fence, electric fence, welded fence, and others. The electric fencing market is expected to witness a high growth rate over the forecast period. The electric fencing exhibit various benefits in terms of easy installation, higher level of detection capabilities, low maintenance costs, and ease of operation among others. The segment has shown significant growth due to increased application in the defense and security areas.

Based on end-user, the segment is classified into residential, commercial, industrial, and agricultural. The residential segment is expected to be the fastest growing segment during the forecast period. Rapid expansion of residential and real-estate market has resulted in the construction of more homes and living spaces. This is backed by increased spending by the developers. This in turn has generated lot of demand for fencing in the residential segment. Hence, residential segment is projected to contribute significantly over the forecast period.

Key players include Betafence NV (Belgium), Jerith Manufacturing Company Inc. (US), Long Fence Company Inc. (US), Associated Materials LLC (US), CertainTeed Corporation (US), Gregory Industries Inc. (US), Bekaert (Belgium), Long Fence Company Inc. (US), Associated Materials LLC (US), Ply Gem Holdings Inc. (US), Ameristar Fence Products Inc. (US), and Allied Tube and Conduit (US).

The global fencing market is highly competitive with many players, across the globe. The players adopted various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players include new product developments in terms of advanced material, mergers, & acquisitions, along with strategic partnerships, and collaborations

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