The fencing market size is expected to amass more than USD 40,730 million in valuation by the year 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2017-2026.
According to the report, in 2017, the metal fencing segment dominated the overall market, with regards to revenue generation. In terms of regional landscape, North America is anticipated to be the topmost contributor to the global market revenue in the ensuing years.
A substantial increase in disposable income paired with growing renovation and construction of residential buildings will drive market growth. Other factors, capable of influencing market growth, include development in the global construction industry, developing public infrastructure, and enhanced safety concerns, cites the report.
Some of the key findings of the report include:
• The market will witness tremendous demand owing to increasing government investments toward the enhancement of public infrastructure like parks, museums, government premises, public places, and other structures coupled with development in the global construction industry.
• The product will witness high demand from developing nations which would provide several growth opportunities to industry players during the estimated timeline.
• Lifestyle enhancements owing to rise in income levels, especially in developing nations of Asia-Pacific, will boost the fencing market demand in the coming years.
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In terms of regional growth, North America generated the highest revenue in the year 2017 and is expected to dominate the global market during the forecast period. The increasing trend of aesthetics and design will boost market growth in the region. Meanwhile, the Asia Pacific market is anticipated to grow at the highest CAGR in the estimated timeframe owing to a rise in disposable incomes in developing nations along with growth of commercial building construction in this region.
The various metals used for fencing comprise of metal, wood, plastic, and concrete and others. In the year 2017, the metal fencing segment attained the highest market share. The growing demand for metal fences in public places, commercial buildings, and government organizations for enhanced safety and security purposes will drive the metal fencing market growth in the foreseeable years.
The report provides an in-depth analysis of the global fencing market drivers, restraints, valuations, and growth opportunities over the forecast period. A deep dive analysis of the report in terms of end-users, application, material, product benchmarking, regional landscape, and competitive ranking analysis has also been detailed in the report.
The competitive landscape of the global fencing market includes prominent industry players like Jerith Manufacturing Company Inc., Allied Tube & Conduit, Poly Vinyl Creations Inc., CertainTeed Corporation, Associated Materials LLC, Fogarty PVC Fencing, Planet Polynet, Veka AG, Ameristar Fence Products Incorporated, and Hoover Fence among others. These companies roll out new products and team up with other market leaders to innovate and introduce new products to the market that can satisfy the ever-growing consumer needs and requirements, thereby expanding the global fencing market size during the forecast period.