Fencing is a structure that encloses a certain amount of area. Fencing not only provides a visual appeal but also offers security. Fencing is created for various purposes such as agricultural, livestock and also to keep unwanted predators out. Fencing is of different types namely privacy fencing, temporary fencing. If there is a need to control movement and to provide security and safety, usually on building locations preventing from theft or trespassing and to keep children and pets away from restricted area etc. are significant areas where fencing market is used majorly.
Global Fencing Market Size & Growth:
The global Fencing Market accounted for $XX billion in 2017, and it is expected to attain $36.0 billion by 2024. Global Fencing Market forecast during 2019-2025 is expected to grow with a CAGR of 4.5%.
Drivers that are influencing fencing growth are increasing residential and commercial projects and also Rising preference for personal safety and security.
On the flip side, higher prices volatile raw material and energy cost which leads to a rise in the price of materials.
Increasing awareness in pretending from theft issues and new technological advancements and product innovations are the opportunities that enhance the growth of the market in future.
Global Fencing Market Share:
The global Fencing Market is segregated into material, application and end use. Based on material, the market is divided into metal, wood, plastic & Composite, and concrete. Among fencing materials, plastic & composite is forecast to exhibit the most rapid growth in demand through 2020. Because plastic & composite fencing materials often similar to natural wood, but have low maintenance and
Based on Application, global Fencing Market segmentation includes residential, agricultural and industrial. Residential areas are responsible for the biggest fencing market, to require much care on premises.
By end users, fencing market is segmented into Government, Petroleum & Chemicals, Military & Defense, Mining, Energy & Power, Transport. Fencing is also in demand in the non-residential market, mainly for construction, Mining, and commercial services. Petroleum & Chemicals are utilised more often in these areas to mark boundaries and provide protection and security. These forms of fencing are highly reliable.
By geography, global Fencing Market is segmented into North America, Europe, APAC, South America and the Middle East and Africa. Global Fencing Market is highly dominated by North America because of the rising industrial and residential construction projects in the region. Developed infrastructure and an increase in security and safety have served to boost the market in Europe. Another factor boosting the market in the region is the constant quality in product innovation by manufacturing companies to suit the specific needs of their customers are expected to be the significant factor in market growth in these countries anticipate the highest growth in Fencing Market forecast period from 2019-2025. According to global Fencing Market overview, the market share of unorganised players is expected to increase in coming years in the global forecast period. The Fencing Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.
Major players operating the Fencing Market include Allied Tube and Conduit, Jerith Manufacturing Company Inc., Ameristar
Global Fencing Market Trends:
Global Fencing Market Research Report:
Along with these companies, there were many other companies considered/ cited in the report while analysing the fencing market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
Starting from $2700
Starting from $2700
Starting from $2700
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