Fencing Market Analysis Size, Share, & Growth | Report 2031
Fencing Market Analysis Size, Share, & Growth | Report 2031
Segments - Fencing Market by 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), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :CM-4203
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| 187 Pages
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Report Description
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.
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.
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Attributes |
Details |
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Report Title |
Fencing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2022 |
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Forecast Period |
2023 – 2031 |
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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) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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.
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.
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.
Frequently Asked Questions
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.
Table Of Content
1. Executive Summary2. 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
Methodology
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