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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Fencing Market Growth
Rising Demand for Metal Fencing in Residential Sector to Bolster the Growth of the Fencing Industry
Based on material, the metal fencing segment accounts for a significant share in the market, and is anticipated to attain a considerable growth in the forecast period as well. This can be attributed to the growing popularity of aluminium fencing owing to its versatility, durability, low maintenance, cost-effectiveness, affordability, and strength of the metal, among others. Apart from being strong, metals bolster the aesthetic appeal of the structure and are available in a wide range of design options to meet various style and needs. Meanwhile, the wood fencing segment is anticipated to grow at a significant rate in the forecast period owing to its ease of installation. Wood fencing is fairly simple to fix and can be extremely attractive to the owners.
Increased Utilisation of Fences in Residential and Agricultural Sector to Boost the Growth of the Fencing Industry
The global fencing industry is driven by the growing application of the product in residential and agricultural sectors. Over the forecast period, rising population and the increasing disposable income in emerging economies are likely to boost the market growth in the residential sector, which, in turn, is expected to bolster the demand for fencing. Furthermore, in the agriculture sector, fence is an integral part in the farming sector, as it protects the field from wild animals, who have the potential to spoil the crops. The fences used in the residential and agricultural sector are designed to keep thieves and animals out, thus, enhancing the privacy and safety.
Fencing Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market attained a value of nearly USD 33.73 billion.
The market is estimated to witness a healthy growth at a CAGR of 6.5% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 59.49 billion by 2032.
The major drivers of the market are the robust growth of the construction sector and the increasing investments to enhance the aesthetic appeal of residential spaces.
The key trends guiding the market growth include the growing requirement for privacy and safety in the residential sector and the rising demand for fencing in the agricultural sector.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different materials used for fencing are metal, wood, plastic and composite, and concrete.
Retail and online are the significant distribution channels of the product.
The major segments based on the installation of fencing are do-it-yourself and contractor.
The various applications of fencing are residential, agricultural, and industrial.
The major end uses of fencing are government, petroleum and chemicals, military and defence, mining, energy and power, and transport, among others.
The key players in the market are Atkore International, Ameristar Perimeter Security, Bekaert , CertainTeed Corporation, Gregory Industries, Betafence, Others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124