Fencing Market

Fencing Market

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Raksha

Author :

Raksha Sharma

Vineet

Fact-checked by :

Vineet Pandey

Rucha

Editor :

Rucha Phatak

Fencing Market Outlook 2031

The global fencing market size was valued at nearly USD 28.98 Billion in 2022 and is anticipated to reach USD 44.96 Billion by 2031, expanding at a CAGR of 5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increase in new housing development, home renovation projects, remodeling operations, and commercial buildings.

Fencing is the method of protecting any property that requires security and protection from unwanted visitors. Commercial, agricultural, and residential structures all have fences built to keep them safe. The Covid-19 pandemic affected the demand and supply of the fencing market.

Fencing Market Outlook

Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth.

Fencing Market Trends, Drivers, Restraints, and Opportunities

  • Increasing concerns about the safety and security is projected to drive the market during the forecast period.
  • Low maintenance cost associated with the fencing is estimated to fuel the market during the projected period.
  • Rising funding on construction by governments is anticipated to boost the market.
  • Fluctuating cost of raw materials is expected to hinder the market growth during the forecast period.
  • Growing number of unregistered contractors delivering substandard products is projected to hinder the market growth.
  • Increasing number of security breaches and the subsequent demand for modern safety and security solutions is projected to create lucrative opportunities for the key players during the forecast period.

 Scope of Fencing Market Report

The report on the global fencing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Fencing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2022

Forecast Period

2023 – 2031

Segmentation

Materials (Concrete, Plastic & Composite, Wood, and Metal), Applications (Industrial, Agricultural, and Residential), Distribution Channels (Retail and Online), End-users (Transport, Energy & Power, Mining, Military & Defense, Petroleum & Chemicals, Government, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Poly Vinyl Creations Inc.; Builders Fence; Ply Gem Holdings Inc.; Long Fence Company Inc.; Saint-Gobain; Jerith Manufacturing Company Inc.; Gregory Industries, Inc.; CertainTeed Corporation; Betafence NV; Bekaert; Associated Materials LLC; Ameristar Fence Products Incorporated; and Allied Tube & Conduit

Fencing Market Segment Insights

The metal segment held around 50% of the total market share

Based on materials, the market is segregated into concrete, plastic & composite, wood, and metal. The metal segment held major market share in 2021. Metal fencing is commonly found in public areas and by government agencies. The increased popularity of chain link and architectural fences is estimated to propel the market.

One of the main elements fueling the popularity of metal fencing is the increased requirement to create a stronger fence to improve security. The rising need for long-lasting fences that can resist varying weather conditions are driving the segment.

Residential segment held more than 60 % of the total market share

On the basis of applications, the market is fragmented into industrial, agricultural, and residential. The residential segment dominated the market in 2021. Growth of the segment is attributed to increased residential development and remodeling activity.

The significant emphasis that households place on protection and privacy, as well as rising levels of disposable income, are driving the segment. Rising preference for constructing unique fences and improving the aesthetic appeal of residential homes is expected to fuel the segment. The agricultural segment is projected to expand at a rapid pace during the forecast period.

The demand for agricultural fences is expected to increase as the need to protect farm, crops, and farm animals, from wild animals and thieves. The growing number of agricultural invasions is driving the demand for agricultural fencing. Agricultural fences are usually built and manufactured according to customer specifications utilizing high-quality raw materials.

Fencing Market Applications

The retail segment accounted for a major share of around 75%

In terms of distribution channels, the market is bifurcated into retail and online. The retail segment accounted for a major market share in 2021. Customers get immediate access to major vendor products through the retail distribution channel.

It also enables vendors in lowering their marketing budgets, consequently contributing to the segment growth. Customers seeking personalized fences prefer to shop at retail shops. The online segment is anticipated to grow at a rapid pace during the forecast period.

Online distribution channels have a number of advantages.
In comparison to opening a retail store, setting up an online distribution channel has fewer beginning expenses.

Furthermore, online channels allow clients to view all of the products available and compare them in real time. Vendors are increasingly opting for online distribution channels as they become aware of the benefits associated with them.

The military & defense segment held around 30% of the total market share in 2021

Based on end-users, the market is fragmented into transport, energy & power, mining, military & defense, petroleum & chemicals, government, and others. The military & defense segment held around 30% of the total market share in 2021. The increased demand for strong border control and security is projected to propel the segment.

Growth of the segment is attributed to rising demand for high-security fencings such as anti-climb and anti-cut perimeter fence and dividing to protect important power grid assets. The petroleum & chemicals segment is projected to hold major market share during the forecast period.

Petroleum and chemical firms are investing heavily in modernizing and expanding their refineries and processing units, as well as constructing new industrial infrastructure.

Activities carried out in these facilities frequently result in the emission of dangerous chemicals and gases, which can damage trespassers and those who enter the premises deliberately or unknowingly. As a result, these firms are constructing powerful and long-lasting fencing to deter trespassing, thus fueling the segment.

Regional Analysis

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period.

Consumers' increased worries about safety, as well as initiatives undertaken by various governments in the region to create and upgrade public infrastructure, are projected to fuel the market in the region. Urbanization and farmers' strong emphasis on protecting their property and assets is projected to drive the market.

Fencing Market Regions

Segments

The global fencing market has been segmented on the basis of

Materials

  • Concrete
  • Plastic & Composite
  • Wood
  • Metal

Applications

  • Industrial
  • Agricultural
  • Residential

Distribution Channels

  • Retail
  • Online

End-users

  • Transport
  • Energy & Power
  • Mining
  • Military & Defense
  • Petroleum & Chemicals
  • Government
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Poly Vinyl Creations Inc.
  • Builders Fence
  • Ply Gem Holdings Inc.
  • Long Fence Company Inc.
  • Saint-Gobain
  • Jerith Manufacturing Company Inc.
  • Gregory Industries, Inc.
  • CertainTeed Corporation
  • Betafence NV
  • Bekaert
  • Associated Materials LLC
  • Ameristar Fence Products Incorporated
  • Allied Tube & Conduit

Competitive Landscape

Key players competing in the fencing market include Poly Vinyl Creations Inc.; Builders Fence; Ply Gem Holdings Inc.; Long Fence Company Inc.; Saint-Gobain; Jerith Manufacturing Company Inc.; Gregory Industries, Inc.; CertainTeed Corporation; Betafence NV; Bekaert; Associated Materials LLC; Ameristar Fence Products Incorporated; and Allied Tube & Conduit. Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years.

Fencing Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fencing Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Fencing Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fencing Market - Supply Chain
  4.5. Global Fencing Market Forecast
     4.5.1. Fencing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fencing Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Fencing Market Absolute $ Opportunity
5. Global Fencing Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Fencing Market Size and Volume Forecast by Applications
     5.3.1. Industrial
     5.3.2. Agricultural
     5.3.3. Residential
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Fencing Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Fencing Market Size and Volume Forecast by End Users
     6.3.1. Transport
     6.3.2. Energy & Power
     6.3.3. Mining
     6.3.4. Military & Defense
     6.3.5. Petroleum & Chemicals
     6.3.6. Government
     6.3.7. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Fencing Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Fencing Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Fencing Demand Share Forecast, 2019-2026
8. North America Fencing Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Fencing Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Fencing Market Size and Volume Forecast by Applications
     8.4.1. Industrial
     8.4.2. Agricultural
     8.4.3. Residential
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Fencing Market Size and Volume Forecast by End Users
     8.7.1. Transport
     8.7.2. Energy & Power
     8.7.3. Mining
     8.7.4. Military & Defense
     8.7.5. Petroleum & Chemicals
     8.7.6. Government
     8.7.7. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Fencing Demand Share Forecast, 2019-2026
9. Latin America Fencing Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Fencing Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Fencing Market Size and Volume Forecast by Applications
     9.4.1. Industrial
     9.4.2. Agricultural
     9.4.3. Residential
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Fencing Market Size and Volume Forecast by End Users
     9.7.1. Transport
     9.7.2. Energy & Power
     9.7.3. Mining
     9.7.4. Military & Defense
     9.7.5. Petroleum & Chemicals
     9.7.6. Government
     9.7.7. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Fencing Demand Share Forecast, 2019-2026
10. Europe Fencing Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Fencing Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Fencing Market Size and Volume Forecast by Applications
     10.4.1. Industrial
     10.4.2. Agricultural
     10.4.3. Residential
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Fencing Market Size and Volume Forecast by End Users
     10.7.1. Transport
     10.7.2. Energy & Power
     10.7.3. Mining
     10.7.4. Military & Defense
     10.7.5. Petroleum & Chemicals
     10.7.6. Government
     10.7.7. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Fencing Demand Share Forecast, 2019-2026
11. Asia Pacific Fencing Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Fencing Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Fencing Market Size and Volume Forecast by Applications
     11.4.1. Industrial
     11.4.2. Agricultural
     11.4.3. Residential
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Fencing Market Size and Volume Forecast by End Users
     11.7.1. Transport
     11.7.2. Energy & Power
     11.7.3. Mining
     11.7.4. Military & Defense
     11.7.5. Petroleum & Chemicals
     11.7.6. Government
     11.7.7. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Fencing Demand Share Forecast, 2019-2026
12. Middle East & Africa Fencing Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Fencing Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Fencing Market Size and Volume Forecast by Applications
     12.4.1. Industrial
     12.4.2. Agricultural
     12.4.3. Residential
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Fencing Market Size and Volume Forecast by End Users
     12.7.1. Transport
     12.7.2. Energy & Power
     12.7.3. Mining
     12.7.4. Military & Defense
     12.7.5. Petroleum & Chemicals
     12.7.6. Government
     12.7.7. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Fencing Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Fencing Market: Market Share Analysis
  13.2. Fencing Distributors and Customers
  13.3. Fencing Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Poly Vinyl Creations Inc.
     13.4.2. Builders Fence
     13.4.3. Ply Gem Holdings Inc.
     13.4.4. Long Fence Company Inc.
     13.4.5. Saint-Gobain
     13.4.6. Jerith Manufacturing Company Inc.
     13.4.7. Gregory Industries, Inc.
     13.4.8. Certa

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FAQ Section

Some frequently asked questions about this report!

The fencing market is projected to expand at a CAGR of around 5% during the forecast period, 2023 – 2031.

The fencing market size was valued at USD 28.98 billion in 2022.

The retail segment accounted for a major share of around 75% in 2021.

Growing number of unregistered contractors delivering substandard products is projected to hinder the market growth.

Bekaert; Associated Materials LLC; Ameristar Fence Products Incorporated; and Allied Tube & Conduit are some of the top players in the market.