Market Research Future (MRFR) has published a cooked research report on the “Global Fencing Market” that contains information from 2018 to 2030. The Fencing market is estimated to register a CAGR of 10.17% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Fencing market— Betafence NV, Jerith Manufacturing Company Inc., Long Fence Company Inc., Associated Materials LLC, CertainTeed Corporation, Gregory Industries Inc., Bekaert, Jacksons Fencing, Long Fence Company Inc., Associated Materials LLC, and Ply Gem Holdings Inc.
Fencing Market Highlights
The global Fencing market is accounted to register a CAGR of 10.17% during the forecast period and is estimated to reach USD 35.12 Billion by 2030.
The fencing market encompasses the production and distribution of barriers made from various materials, designed to enclose and secure areas for privacy, safety, and aesthetic purposes. Fencing finds applications in residential, commercial, agricultural, and industrial settings. The market's growth is driven by property development, security concerns, and landscaping needs.
Segment Analysis
The global Fencing market has been segmented based on Material, Prodcut and End User.
On the basis of offerings, the market is segmented into Concrete, Plastic & Composites, Wood, Metal, and others. The majority of the fencing market's revenue in 2021 was generated by the Metal category. The fencing market sector with the highest current size is metal fencing. These fences are stronger and survive longer than fences constructed of other materials..
Based on Communication Protocol, the global Fencing market has been segmented Hinge-joint Fences, Electric Fence, Welded Fence, and others. In terms of revenue, the Electric Fence market category led the Fencing market in 2021. This is due to various factors. One of these is its ease of installation. The others are that these fences are easier to use, have a better ability to detect intruders, and cost very less to maintain.
Based on End User, the global Fencing market has been segmented into Residential, Commercial, Industrial, and Agricultural. Residential was the market's largest segment in 2021 and is anticipated to grow at the fastest rate from 2022 to 2030. The astronomical rise in the number of dwellings and living spaces is a result of the real estate and residential markets' rapid expansion.
Regional Analysis
The global Fencing market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Fencing market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Fencing market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Fencing market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific Fencing Market dominated this market in 2022 due of the region's large and developing middle class and the overall population's increasing affluence. As a result, a lot more people are considering spending money on high-tech fence and other home protection products. The residential and agricultural sectors are expanding at an exponential rate in countries like China and India. It turns out that when more people in these countries move into the middle class, they want to live in fenced-in homes because they feel safer in them. Due to the nation's rising urbanisation, the fence market in India is expanding quickly.
Additionally, The second-largest market share belongs to the fencing industry in Europe. The market is expanding in Europe due to elements including rising construction activity and rising security and privacy need. The rising use of fencing in leisure and sporting activities is also a factor in the market's expansion. The industry is also being stimulated by the rising use of modern fencing materials like composites and glass, which have superior durability and require less upkeep.
Moreover, The fencing market in North America is anticipated to be the largest. Companies in the North American region are also spending more money on fencing materials with more modern technology. More people in North America want to remodel and renovate their homes, which is the key factor driving this trend. Additionally, the North American fencing market in North America was dominated by the U.S. market, which also had the biggest market share.
Key Findings of the Study
- The global Fencing market is expected to reach USD 35.12 Billion by 2030, at a CAGR of 10.17% during the forecast period.
- The Asia-Pacific Fencing Market dominated this market in 2022 due of the region's large and developing middle class and the overall population's increasing affluence.
- Based on End User, Residential was the market's largest segment in 2021 and is anticipated to grow at the fastest rate from 2022 to 2030.
- Betafence NV, Jerith Manufacturing Company Inc., Long Fence Company Inc., Associated Materials LLC, CertainTeed Corporation, Gregory Industries Inc., Bekaert, Jacksons Fencing, Long Fence Company Inc., Associated Materials LLC, and Ply Gem Holdings Inc.
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Companies Covered | 15 |
Pages | 110 |
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