Fencing Market Overview
The fencing industry, from the recent research reports, is foreseen to grow in terms of value from USD 9,300 million in 2020 to USD 13,440 million by 2027 with an attractive compound annual growth rate (CAGR) of 5%. The fence is a solid structure that can be made out of many materials like bricks, woods, metals, etc. it acts as a very effective and efficient barrier which makes it more difficult for unwanted people to enter upon an entry. This fencing thing is different from the wall in terms of structure, weight, and design. There are two types of fences commercial wire fences and agricultural wire fences. The former is used for the safety of parks and residential buildings while the latter is used for the protection of livestock.
If we look at the latest research analysis of the Fencing Market the industry can be ramified based on material, product, and end-user. Among all the segments of this market, the residential segment will experience noteworthy growth during the forecast period. As the contractors and developers present in the residential and real estate market are making huge investments in construction projects where the demand for fences has increased at a very high rate. The demarcation of this market into various segments is as follows:-
Based on material, it has Concrete, Plastics, composites, Wood, Metal, and Others.
Based on the product, it has a Hinge-joint fence, Electric fence, Welded fence, and others.
Based on the end-user, it has Residential, Commercial, Industrial, and Agricultural
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Looking at fencing market share and other details it becomes very clear that this industry is notably working in four major regions of the world that is Asia Pacific region, the North American region, the European region, and the rest of the world (the Middle East and Africa). The North American region is anticipated to dominate this market during the forecast period as a market of this region accounted for 35% of the global market in 2019 which will be expected to increase up to 58% by 2028. Also, the companies present in this region are making huge investments in the development of technologically advanced materials used in fencing, and people present in this region are renovating and remodeling their homes with the latest innovations which is another factor responsible for growth.
The prominent players of this market are Betafence NV (Belgium), Long Fence Company Inc. (US), CertainTeed Corporation (US), Bekaert (Belgium), Associated Materials LLC (US), Ameristar Fence Products Inc. (US), Allied Tube, and Conduit (US), Ply Gem Holdings Inc. (US) Long Fence Company Inc. (US), Gregory Industries Inc. (US), Associated Materials LLC (US), and Jerith Manufacturing Company Inc. (US).
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In August 2021, Jacksons’ fencing, top security, and fencing solution manufacturer acknowledged the demand of the industry and expanded its series of premium quality products. A new product named Mi-T (metal post product) was launched during this expansion.
In June 2020, a partnership agreement was being entered into between Eldaas Technologies India Pvt Ltd. and an Israel-based company. This partnership was aimed at providing more advanced security and surveillance solution.
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
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3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
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4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
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