Fencing Market Projected To Grow by 2023
The global
fencing market is anticipated to witness sustainable growth throughout the
forecast period. Increased consumption of fencing in Asia-Pacific, the growing
construction industry, investment in material R&D, and supportive
government regulations & initiatives for construction is expected to drive
the demand for fencing in residential spaces. However, fluctuation in raw
material prices is expected to hinder the growth of the market.
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North America
region, to see a gradual increase in the fencing market over the forecast
period
Based on
region, the global fencing market has been segmented into North America,
Europe, Asia-Pacific, and the Rest of the World (RoW). North America accounted
for the largest share in the overall fencing market followed by Europe and
Asia-Pacific, in 2017, which will continue with its dominance by 2023. The
reason is attributed to the increasing investments in R&D for advanced
materials and growing demand from the renovation and remodeling projects in the
region. Moreover, various benefits of fencing such as cost-effectiveness,
durability, and increased aesthetics associated with the fencing system has
further enhanced the demand for this market.
Residential
segment, to account for the fastest growing segment in the overall fencing
market
Based on application, the residential segment is
expected to exhibit maximum growth rate between the period of 2018 to 2023. The
reason is attributed to rapid urbanization, which has resulted in the expansion
of the real-estate market. This is backed by increased spending by the
developers. This in turn has generated lot of demand for fencing in the
residential segment. Hence, residential segment is projected to contribute
significantly over the forecast period
Scope of the Report
This study
provides an overview of the global fencing market, tracking three market
segments across four geographic regions. The report studies key players,
providing a five-year annual trend analysis that highlights market size, volume
and share for North America, Europe, Asia-Pacific and the rest of the world
(ROW). The report also provides a forecast, focusing on the market
opportunities for the next five years for each region. The scope of the study
segments the global Fencing market by material, by product, by end-user, and by
region.
- By Material
- Concrete
- Plastic & Composites
- Wood
- Metal
- Others
- By Product
- Hinge-joint Fence
- Electric Fence
- Welded Fence
- Others
Key Players
The prominent
players in the Fencing market are Betafence NV (Belgium), Jerith
Manufacturing Company Inc. (US), Long Fence Company Inc. (US), Associated
Materials LLC (US), CertainTeed Corporation (US), Gregory Industries Inc. (US),
Bekaert (Belgium), Long Fence Company Inc. (US), Associated Materials LLC (US),
Ply Gem Holdings Inc. (US), Ameristar Fence Products Inc. (US), and Allied Tube
and Conduit (US) among others.
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