Global Fencing Market by Material (Metal, Wood), by Distribution Channel (Retail, Online) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global fencing market was worth USD 28.0 billion in 2019. It is projected to grow at a 5.2% CAGR between 2020 and 2027. Market growth is expected to be driven by factors such as new construction, remodeling, and improvement activities. Fencing is used extensively in housing constructions due to its low maintenance cost and high reliability. Market demand for fencing will continue to rise due to increased safety and security concerns, as well as increased spending for rebounding offices, transport, and commercial constructions.

Due to increasing demand for fencing products, they are likely to see a rise in sales. The market is expected to be driven by increased spending on institutional construction. The market will be driven by increased government spending on improving parks, public places, government buildings, and other government facilities. Among the most important buying criteria are cost, quality, design and aesthetic value.

Market growth is expected to be driven by a surge in property construction around the world. Over the forecast period, the market will be driven by increasing industrialization. The market is being driven by the availability of affordable fencing materials and the expanding construction industry in emerging countries like China and India. Additionally, security breaches are increasing, driving the market for fencing.

Eco-friendly fencing materials will be more popular due to growing environmental awareness. These eco-friendly fences are difficult to maintain, so there's a shift towards vinyl fencing. Plastic fences are also relatively inexpensive, lightweight and easy to install without professional help.

Farmers are investing in fencing to protect their livestock and property. Over the forecast period, product profitability will be boosted by the development of new materials that are more durable and cost-effective. Market growth may be impeded by unlicensed contractors who use inferior products. Market growth will be limited by the rising cost of raw materials such as iron, aluminum and wood over the forecast period.

Material Insights

The market can be divided into four segments based on material: metal, wood, plastic, composite and concrete. Market share is expected to be dominated by the metal segment during the forecast period. This is due to fences being used in government agencies and public spaces. The growth of metal fencing may be further driven by ornamental and chain link fences.

Because of its natural beauty, wood fencing is very popular for residential use. Due to its lower cost, wood will be challenged by composite and plastic over the next few years. Wooden fencing is expected to be less durable and more expensive to maintain. Over the forecast period, factors such as durability and low cost will drive demand for composite and plastic fencing.

Distribution Channel Insights

The fencing market can be divided into two segments based on its distribution channel: online and retail. In 2019, the retail channel segment was the dominant market, as it continues to be the preferred channel for customers. Customers have instant access to key vendors' products through retail stores. Retail distribution channels can also help vendors decrease their marketing budgets.

Over the forecast period, the fastest growth is expected in the online distribution channel segment. An online distribution channel is significantly cheaper than opening a retail store. Vendors are increasingly aware of the benefits offered by online channels and opting for it is a smart move.

Installation Insights

The market can be divided into two segments based on how it is installed. In 2019, the market was dominated by the contractor segment. Many contractors provide experience-based gate placement and style suggestions.

There are many Do-It Yourself (DIY), kits that can be purchased in stores. Vinyl fences are the most common type of DIY installation kit. This is because it is the easiest to install. Customers prefer to consult professional contractors because installing a strong fence can be complicated and require many tools.

Application Insights

The market for fencing has been divided into three segments based on its application: residential, industrial, and agricultural. Residential will be the main application segment for the forecast period. The segment's growth is expected to be driven by an increase in construction and remodeling activities over the forecast period. The forecast period will see a rise in residential fencing demand due to rising disposable income and a growing consumer interest in home improvement.

The agricultural sector is expected to see a rise in demand for products to protect farm animals, crops and farm areas from wild animals as well as thieves. Intruders such as theft or invading farm chemical stores can also drive the demand for fencing for agricultural applications. The quality of raw materials used to make fences for agricultural applications is important. They are custom-designed and manufactured to meet customer needs. Due to a growing demand for industrial fences, the industrial segment will see growth.

End-Use Information

In 2019, the market was dominated by the military and defense segment. The segment's growth is expected to be driven by the increasing need for border security and safety over the forecast period. The fastest-growing segment is expected to be energy and power over the forecast period. Protecting the critical infrastructure of the electricity grid requires high-security fencing. High-security concerns mean that the energy and power sector needs high-security perimeter fencing and partitioning.

The market is expected to grow due to increased demand for fencing in both the chemical and petroleum sectors. To prevent accidents and explosions, chemical and petroleum facilities need the best protection. Petroleum sector has a high risk of potential toxic chemicals, explosive chemicals and caustic gas, which leads to increased fencing along its borders. Many industries choose fencing that is visually appealing and with physical deterrence.

Regional Insights

Over the forecast period, North America and Europe will be the major regional markets. The regional market will grow due to increased construction activity and increasing demand for decorative home goods. In 2019, the North American market represented a greater share than 35.0% of global market. The global middle-class population of North America and Europe is expected to spend more than 70% of the total consumption.

The global market will benefit from rising income levels in all segments. This is expected to result in a higher per capita income globally and more house safety products spending. Due to the developing agricultural sector in emerging economies like India and China, the Asia Pacific market will also gain momentum over the forecast period. The forecast period will see the region's market grow due to increased urbanization in India and higher expenditure on institutional building.

Fencing Market Share Information

CertainTeed Corporation, Bekaert, Ameristar Fence Products Incorporated and Allied Tube & Conduit are the key vendors. This market is highly competitive and fragmented. There are many local manufacturers that cater to specific regions' needs. Market players will be able to succeed through innovation and new designs and technology. CertainTeed Corporation and Betafence account for a large market share.

To consolidate their market position, existing players are actively using various inorganic growth strategies such as mergers and acquisitions. Because they have a loyal customer base, they primarily concentrate on the acquisition of local players. They are also using innovative ways to reach consumers and establish a brand. Vendors are also pursuing cross-selling opportunities and leveraging their global reach and product breadth to increase their product penetration.

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends for each sub-segment from 2016 to 2027. Grand View Research has divided the global fencing market report by material, distribution channel and installation.

• Material Outlook (Revenue USD Million, 2016-2027)

  • Metal

  • Wood

  • Plastic & Composite

  • Concrete

• Distribution Channel Outlook (Revenue USD Million, 2016-2027)

  • Online

  • Retail

• Installation Outlook (Revenue, USD Million, 2016 - 2027)

  • Do-It Yourself

  • Contractor

• App Outlook (Revenue USD Million, 2016-2027)

  • Residential

  • Agricultural

  • Industrial

• End-Use Outlook, Revenue, USD Million, 2016-2027

  • Government

  • Petroleum & Chemicals

  • Military & Defense

  • Mining

  • Energy & Power

  • Transport

  • Other

• Regional Outlook (Revenue USD Million, 2016-2027)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Belgium

    • Poland

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • Saudi Arabia

    • UAE

Up Market Research published a new report titled “Fencing Market research report which is segmented by Material (Metal, Wood), by Distribution Channel (Retail, Online), By Players/Companies Betafence, CertainTeed Corporation; Bekaert; Ameristar Fence Products Incorporated; Allied Tube & Conduit; and Ply Gem Holdings Inc The market is highly competitive with a high degree of fragmentation and is dominated by a large number of local manufacturers catering to the needs of the customers of a particular region Innovation and developments related to technology and designs are expected to be crucial success factors for market players Companies accounting for a significant market share include CertainTeed Corporation, Allied Tube & Conduit”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Fencing Market Report Segments:

The market is segmented by Material (Metal, Wood), by Distribution Channel (Retail, Online).

Fencing Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Fencing Market

Overview of the regional outlook of the Fencing Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Fencing Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Fencing Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Metal

                2. Wood

                1. Retail

                2. Online

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Fencing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Fencing Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.