Wood Fencing Market (By Product: Picket, Rail & Post; By Species: Cedar, Douglas Fir; By Installation; By Coatings; By Application) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The global wood fencing market was estimated at USD 8.07 billion in 2022 and it is expected to surpass around USD 12.58 billion by 2032, poised to grow at a CAGR of 4.54% from 2023 to 2032. The wood fencing market in the United States was accounted for USD 2.13 billion in 2022.

Key Pointers

• Asia Pacific dominated the wood fencing market and is expected to grow at the fastest rate of 5.51% CAGR in terms of revenue over the forecast period.
• The wood fencing market in North America is expected to witness significant growth at 3.24% CAGR over the forecast period.
• The picket fence was the largest product segment in terms of revenue with a share of 40.24% in 2022. 
• The vertical boards accounted for the fastest-growing segment with a CAGR of 5.51% over the forecast period. 
• The rail & post segment of the market is projected to grow at a CAGR of 3.48% in terms of revenue during the forecast period. 
• Cedar dominated the species segment with the highest revenue share of 41.83% in 2022.
• Redwood is expected to register the fastest CAGR of 5.52% in terms of revenue over the forecast period. 
• Douglas fir is expected to propel at a CAGR of 3.46% in terms of revenue due to the high quality of its wood, its portability, and excellent nail and screw gripping capabilities. 
• The contractor & installers segment led the market in 2022 and was valued at USD 5.28 billion. 
• The DIY segment is expected to grow at a significant rate of 6.16% over the forecast period of 2023 to 2032. 
• The stained coating accounted for the largest and fastest-growing segment and was valued at USD 6.47 billion in 2022. 
• The non-stained coatings market is expected to grow at a CAGR of 3.14% in terms of revenue over the forecast period. 
• The wood fencing application in residential buildings accounted for the largest share with USD 4.77 billion valuation in 2022. 
• The agricultural segment accounted for a 25.55% revenue share in terms of revenue in 2022.

Report Scope of the Wood Fencing Market

Wood, composite fences, and organic recycled materials are a few examples of environment-friendly materials that are used for developing fences. Wooden fences are preferred in residential applications owing to their organic appearance.

The surge in residential construction activities across the globe, along with the rise in demand for fences for usage in industrial and agricultural applications, is fueling the growth of the market. If maintained properly, wooden fences remain untouched for many years. For security reasons, these fences are used in both, residential and agricultural applications thus propelling the industry growth over the forecast period.

A large number of buyers are present in the wood fencing market and there is considerable diversification among these buyers. For instance, the bargaining power of buyers from the industrial sector is high as they make bulk purchases from manufacturers at competitive prices. The bargaining power of buyers from the residential sector is medium due to their small and single purchases. Therefore, it can be concluded that the overall bargaining power is expected to be moderate due to the surging residential construction.

Picket fences are commonly employed for residential applications such as gardens and pools primarily for security purposes. Moreover, the rise in residential construction activities and the surge in institutional construction expenditures around the world are expected to fuel the growth of the picket segment of the wood fencing industry in the region in the coming years.

Players in the market are focused on innovative strategic activities with the help of collaborations with leading research institutes. For instance, Bekaert, a galvanized wire company offers American-made fencing products in different varieties and continuously invests in R&D for product development and innovation. Bekaert has research and development partnerships with the Slovak University of Technology (Slovakia), the Belgian Technology Industry Research Center, and the Fraunhofer Institute (Germany).

Product Insights

The picket fence was the largest product segment in terms of revenue with a share of 40.24% in 2022. This is owing to its high usage of safeguarding swimming pools or garden ponds. The introduction of new regulations across the globe that require the deployment of fences at the poolside for safety reasons is boosting product demand. Moreover, the rise in residential construction activities and the surge in institutional construction expenditures are expected to fuel the growth of picket wood fencing over the forecast period.

The vertical boards accounted for the fastest-growing segment with a CAGR of 5.51% over the forecast period. Vertical board fences offer privacy and noise absorption if the property is too close to neighbors or in a busy area. They are primarily adopted by users owning livestock comprising horses and cows. Different types of wood such as pine and hardwood are used for developing vertical board fencing. Users can paint or apply sealants to them for keeping these fences shielded from the weather, depending on the aesthetic value of the wood.

The rail & post segment of the market is projected to grow at a CAGR of 3.48% in terms of revenue during the forecast period. The growth of this segment can be attributed to the increased adoption of rail & post fences in agricultural fields. In addition, these fences are strong and extremely resistant to decaying and warping caused by moisture. The easy availability of wood is also surging the demand for wooden rail & post fences.

Species Insights

Cedar dominated the species segment with the highest revenue share of 41.83% in 2022 as it is being used as a fencing material for many years, due to its high endurance. Cedar fences typically survive longer than those made of softer timbers, like pine, in addition to withstanding the elements well. Additionally, the natural oils in cedar wood protect it from rotting and insects.

Redwood is expected to register the fastest CAGR of 5.52% in terms of revenue over the forecast period. The redwood is available in garden grades and architectural grades which can be adopted for fencing based on end-use application. Garden grades are thorny, hardy, and affordable, while, architectural grades are more appropriate for ornamental fences and find application in architectural fence panels. These panels may also be painted to provide a decorative look and increase durability.

Whitewood species of wood are available in a range of sizes, grades, and accents that can be added to create a distinctive design. They can also be painted or stained. Whitewoods are fitted as panels or as individual parts (board, back rail, post). When used for decorative purposes or as screening in a private location, it proves to be an economical fence.

Douglas fir is expected to propel at a CAGR of 3.46% in terms of revenue due to the high quality of its wood, its portability, and excellent nail and screw gripping capabilities. Douglas fir wood is a preferable choice for DIY projects because it is easy to cut and does not pose any other problems. In addition, these species, which are extracted from the heartwood, have shown to be better in performance than cedar in the wood fence industry.

Installation Insights

The contractor & installers segment led the market in 2022 and was valued at USD 5.28 billion. The increasing disposable income, growing population, and low levels of unemployment are expected to drive the demand for residential construction. This is anticipated to propel the growth of wood fencing, with contract installation gaining popularity.

The DIY segment is expected to grow at a significant rate of 6.16% over the forecast period of 2023 to 2032. The DIY trend was encouraged by factors such as a rise in house sales and the emergence of home remodeling videos on social media. There are several DIY fence kits present in the marketplace. However, since installation is time-consuming, many consumers choose to use professional services; this is anticipated to negatively impact the market growth.

Coatings Insights

The stained coating accounted for the largest and fastest-growing segment and was valued at USD 6.47 billion in 2022. Fence stains help to reduce surface oxidation, preserving the wood's color for a longer period. The stain can be rolled, brushed, or sprayed onto the fence. The fence can be repaired to its original finish and then stained to make it look appealing even if it has weathered and is covered in mold and grey oxidation. This is anticipated to augment the demand for stained fencing.

The non-stained coatings market is expected to grow at a CAGR of 3.14% in terms of revenue over the forecast period. The demand for non-stained wood is lesser in comparison to stained wood, as it cannot be treated to increase durability. Furthermore, it cannot be designed according to the building structure, color, or requirement.

Application Insights

The wood fencing application in residential buildings accounted for the largest share with USD 4.77 billion valuation in 2022. The segment appeals to homeowners that value privacy and security along with the comfort of their homes. The work-from-home or stay-in-place trends have resulted in a positive effect on the repair and remodeling of residential buildings. This is expected to have a positive impact on the wood fencing industry's growth.

The agricultural segment accounted for a 25.55% revenue share in terms of revenue in 2022. For agricultural applications, fencing is designed and manufactured according to consumer requirements by using better-quality raw material, which is sourced from reliable vendors in the market. These fences find applications in farms, where they are used to keep stray animals away from grazing the fields.

Others application segment grew at a significant CAGR of 3.5% in terms of revenue in 2022. There are various types of fencing available in a wide range of materials such as cedar, Douglas fir, redwood, and whitewood to secure commercial premises. Installation of the fence with either horizontal or vertical alignment offers a safeguard against intruders.

Regional Insights

Asia Pacific dominated the wood fencing market and is expected to grow at the fastest rate of 5.51% CAGR in terms of revenue over the forecast period, due to the rapidly growing population thus leading to higher demand for residential spaces. In addition, the growing service sector and development of industrial clusters in the emerging economies of the region such as India is further expected to bolster the demand for wood fencing over the forecast period.

The wood fencing market in North America is expected to witness significant growth at 3.24% CAGR over the forecast period. This is due to the increasing construction of residential and commercial buildings in the region. The market is witnessing a rapid shift toward improving the aesthetics of the infrastructure; thereby driving the growth of the wood fencing.

Increasing demand for the renovation of dwellings in Europe is anticipated to create numerous opportunities for wood fencing vendors. As per the European Parliament report, over 90% of the buildings in Europe were built before 1990 and over 40% before 1960, thus, several buildings require renovation and reconstruction. Wood offers eco-friendly and sustainable fencing options to customers thus, increasing its demand in Europe.

Burgeoning demand for energy-efficient green buildings to improve workplace health, cut construction & operating costs, and improve productivity is expected to create growth opportunities in the market. As a result, the need for wood fencing is expected to increase. In addition, wood fencing protects residents while having an attractive appearance and a sustainable design.

Wood Fencing Market Segmentations:

By Product

• Picket
• Rail & Post
• Vertical Board
• Others

By Species

• Cedar
  
  • Western Red Cedar
  • Incense Cedar
  • Imported Japanese Cedar
  • Others
• Douglas fir
• Redwood
• Whitewood
• Others

By Installation

• Contractor & Installer
• Do-It-Yourself

By Coating

• Stained
  
  • Oil-based Stained
  • Others
• Non-Stained

By Application

• Residential
  
  • Single-family
  • Multi-family
• Agricultural
• Others

By Regional

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Belgium
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia
  • UAE