Fencing Market Segments, Industry Growth, Top Key Players, Size and Recent Trends by 2023

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

The global fencing market is expected to grow during the forecast period at a compound annual growth rate of 5.12%. The projected valuation of the market is slated to reach USD 26.51 billion by the end of the forecast period.

The factors driving the market are the burgeoning new residential building and remodeling and renovation projects due to the fast-paced urbanization. The surging popularity of synthetic fence is boosting the demand for wire mesh, temporary fence, portable fence, and others.

Market Segmentation

The global fencing market segmentation is based on the three key dynamics to grab a key and precise understanding of the report. This includes product, material, and end-user market dynamics.

By product, the market is divided into electric fence, hinge-joint fence, welded fence, and others. The electric fence segment is projected to experience the highest growth percentage in the coming years. This is primarily due to the number of benefits offered by electric fencing in terms of higher level of detection capabilities, easy installation, low level of maintenance costs, and ease of operation. The segment is showcasing massive potential due to its booming application in the defense and security sector.

By material, the market breaks down into wood, metal, concrete, plastic & composites, and others. In this market category, the metal fencing segment leads with the highest share percentage due to a number of favorable properties like flexibility and durability. Metal fencing has gained massive popularity in recent years owing to cost-effectiveness and enhanced security level it brings to the table. Moreover, increasing demand for aesthetics, durability, and low maintenance level are some of the other key factors driving the growth of this segment.

By end-user, the market is broken down into industrial, residential, commercial, and agricultural. The residential segment is reported to spearhead the global end-user market category and is also expected to grow at a rapid pace during the forecast period to maintain its lead over its counterparts. The booming expansion of the residential as well as the real-estate market has led to an increasing number of construction activities of homes and living spaces, one which is further backed by the increasing spending capability of developers. This has garnered considerable demand for this market segment and the same is slated to continue in the coming years.

Regional Analysis

The global fencing market is regionally segmented into the following key regions: Europe, North America, Asia Pacific, and the Rest of the World (RoW).

The North American regional market held the highest share percentage in the global fencing market landscape as per the 2017 report. This is expected to continue during the forthcoming years as well. The proliferating growth of the regional market is due to the increasing investments in research & development activities and increasing demand from the remodeling and renovation projects in the region.

Although it comes short of North America, the Asia Pacific region holds a major share of the fencing market. The region is witnessing an increasing number of construction-based projects that are backed by a huge inflow of investments in the commercial and residential construction sector across countries like India and China. This is further anticipated to push the demand for fencing in the Asia Pacific region in the near future.

Competitive Landscape

The global fencing market includes a number of prominent players. Some of the players identified are CertainTeed Corporation (US), Betafence NV (Belgium), Bekaert (Belgium), Jerith Manufacturing Company Inc. (US), Associated Materials LLC (US), Associated Materials LLC (US), Gregory Industries Inc. (US), Long Fence Company Inc. (US), Ply Gem Holdings Inc. (US), Long Fence Company Inc. (US), Ameristar Fence Products Inc. (US), and Allied Tube and Conduit (US).

February 3rd, 2019, the defense ministry of Israel announced that it has begun the final phase of its construction of a 20-foot giant galvanized steel fence. The fence is expected to surround the entire Gaza Strip as per the statements given by Israeli officials.

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