The global Fencing market size is expected to be worth around US$ 41.9 billion by 2028, according to a new report by Vision Research Reports.
The global Fencing market size was valued at US$ 28.01 billion in 2020 and is anticipated to grow at a CAGR of 5.5% during forecast period 2021 to 2028.
Growth in remodeling projects and real estate is projected to drive the market over the forecast period. Commercial sectors including academic organizations and industrial premises employ fences to enhance the safety of people and property.
The market is also driven by residential renovations and new construction projects. Security needs and transportation construction investments are also expected to drive the market growth. In addition, the requirement of aesthetically appealing and novel property is expected to drive the demand for fencing. Governmental investments for promoting safety and security at public premises and parks further provide fencing industry growth prospects.
Consumer preferences largely depend on the design, cost, quality, and appearance of the fence. Cultivators increasingly opt for fences to protect their livestock and property. Innovative materials that enhance durability at low costs would further add to market profits.
Currently, customers are inclined toward decorating their homes and premises. They also prefer more stylish homes to enhance their social status. Consumers prefer picket fence as it is considered as the most decorative fencing options. Furthermore, fencing improves the curb appeal of the house, thereby creating growth opportunities for the market over the forecast period.
Based on material, the market has been segmented into metal, wood, plastic and composite, and concrete. The metal segment is anticipated to dominate the market through the forecast period. This can be attributed to the increasing use of fences in public places and government organizations. Chain link and ornamental fences may further drive the growth of the metal fencing segment.
Wood fencing is a popular choice for residential applications owing to its natural appearance. Wood may witness stiff competition from plastic and composite over the forecast period owing to lower costs. Lower durability and high maintenance costs are further expected to hinder the growth of wooden fencing. Factors such as low cost, durability, and low maintenance are expected to drive the demand for plastic and composite fencing over the forecast period.
Based on the distribution channel, the fencing market has been segmented into online and retail. The retail distribution channel segment dominated the market in 2019, as it remains the most preferred distribution channel for customers. Retail stores provide customers with instant access to the products offered by key vendors. Furthermore, retail distribution channel helps vendors reduce their company’s marketing budget.
The online distribution channel segment is expected to register the highest growth over the forecast period. Setting up an online distribution channel comes with notably lower startup costs than a retail store. Furthermore, the growing awareness about the advantages offered by online channels encourages vendors to opt for the online distribution channel.
Based on the installation, the market has been segmented into Do-It-Yourself and contractor. The contractor segment dominated the market in 2019. Numerous contractors offer experience-based placement of gates and other products as well as style suggestions.
On the other hand, there are numerous Do-It-Yourself (DIY) kits available in stores. In most cases, the fences offered in DIY installation kits are vinyl, since it is the easiest type to install. However, as installing a sturdy fence may be a very lengthy process and requires several tools, customers prefer consulting with professional contractors.
Based on the application, the fencing market has been segmented into residential, agricultural, and industrial. Residential is anticipated to be the key application segment through the forecast period. Increasing construction and remodeling activities are expected to drive the segment growth over the forecast period.
The growing need to safeguard farm animals, crops, and farm areas from wild animals and thieves is anticipated to drive the product demand in the agricultural sector. Furthermore, a rise in intrusion activities such as invading a farm’s chemical stores and theft of expensive pesticides drives the demand for fencing in agricultural applications.
The military and defense end use segment dominated the market in 2019. Increasing need for border control and safety is expected to drive the segment growth over the forecast period. Energy and power is estimated to emerge as the fastest-growing segment over the forecast period.
Increasing demand for fencing in the petroleum and chemical sector is expected to drive the market growth over the forecast period. Petroleum and chemical facilities require the most stringent protection to prevent the possibilities of explosions and accidents.
orth America and Europe are anticipated to be the key regional markets over the forecast period. Increasing construction activities and demand for decorative home products are estimated to contribute to the regional market growth.
Rising income levels across all sections is anticipated to lead to an increased per capita income level globally with more spending on house safety products, which would positively impact the global market. The Asia Pacific market is also anticipated to gain traction over the forecast period owing to the evolving agricultural sector of emerging economies such as India and China.
Bekaert; Ameristar Fence Products Incorporated; Allied Tube & Conduit; and Ply Gem Holdings Inc
Plastic & Composite
Distribution Channel Outlook
Petroleum & Chemicals
Military & Defense
Energy & Power
Middle East & Africa
The Fencing market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Fencing market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Fencing market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Fencing market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Fencing market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Fencing capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Fencing by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Fencing market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Fencing market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Fencing market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Fencing industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Fencing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Fencing market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Fencing market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Fencing market. These factors have benefited the growth of the global market for Fencing. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Fencing. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Fencing are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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