November 22, 2021
According to a research report titled ‘Global Fencing Market 2021-2028’, available with MarketStudyReport, global fencing market is expected to record a CAGR of 2.34% during 2021-2028.
Growing focus on security & safety, improved consumer purchasing power, as well as efforts to avert illegal cross-border movement are primary growth catalysts for global fencing market. Moreover, flourishing construction sector, as well as surge in renovation operations are providing new opportunities for the industry partakers.
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However, unstable material costs, in consort with economic slowdown are poised to hamper the market outlook in the coming years.
Speaking of installation type, worldwide fencing industry is divided into DIY, and contractor. In terms of distribution channel, the marketplace is classified into online channel, and offline channel. With respect to material terrain, the market is fragmented into wood, metal, plastic & composite, and concrete. Information pertaining to industry share held by each segment, alongside their growth rate and revenue contribution over forecast period is entailed in the report.
Considering the geographical aspect, the report thoroughly studies the industry trends in Asia-Pacific, North America, Latin America, Europe, and Middle East & Africa. Among these, Asia Pacific market is expected to witness a rapid growth during the forecast period. This expansion is attributed to high population base, increasing number of industries, advancements in construction sector, as well as surging number of users. There has been a rise in renovation activities across commercial and residential spaces which will positively sway the industry dynamics.
Coming to the competitive arena, the major players in global fencing market are CertainTeed, Associated Materials LLC, N.V. Bekaert S.A., Allied Tube & Conduit, Ameristar Perimeter Security, Poly Vinyl Creations, Betafence N.V., Ply Gem Holdings Inc., Animex Fencing, Gregory Industries Inc., Long Fence Company Inc., and Jerith Manufacturing LLC.