Fencing Market Size, Share & Industry Analysis, By Type ( Metal, Wood, Concrete ), By Application ( Commercial Use, Residential Use ), By Sales Channel ( Online Stores, Retail Stores ) and regional forecast 2023-2030

Nowadays, the people giving high priority for the safety of land boundaries is resulting to encouraging the use of fencing products. Visual reminder of the area of a property, assist to secure the parameter, and even perform as a decorative instrument are some of the advantages of the usage of the product. The rising popularity of the usage of the product in farmland to safeguard crops and animals is accelerating the usage of the product.  For instance, according to the International Labour Organisation data published,  there is an estimation of 1.1 billion people around the world to be engaged in the agricultural sector including about 300 -500 million waged workers.

The people around the world increasingly concern of terror attacks and robbery act as a propelling factor which drives the market growth. The increasing spending made on military bases to protect the area from unauthorized trespassing from civilians and enemies has resulted to increase usage of the product. For instance, according to the American Security Project data issued, June 2018, is proclaiming that in 2018 the United States has allotted $143 million of its Muwaffaq Salti Air Base in Azraq Jordan. Furthermore, the safety concern of commercials places such as a bank, shopping center, tourist destination, and others from thief and terrorist attacks is also fueling the demand for the product. Additionally, manufacturers coming up with various styles, looks, and designs of the product which is helping in beautifying the places of use also help to generate traction.

Nevertheless, low-quality products easily get crack, rust, or break in a short period or due to climate change is hampering the image and act as a restraining factor for the market growth.

Key Market Driver -

The rising concern among the global population of robbery, and terror attack act as a driving facor for the market

Key Market Restraint -

Low quality products getting spoiled or damaged in a short period of time restraint the market growth.

Key Players Covered:

Ameristar Fence Products Incorporated, Ply Gem Holdings Inc, CertainTeed Corporation; Bekaert, Allied Tube & Conduit, and others are the key companies operating in the fencing market.

The fencing market is segmented into by type, application, sales channel, and geography.

On the basis of application, the market is fragmented into metal, wood, and concrete. Metal is estimated to be the prominent market owing to its ability to last for a long period, and possessing the ability to sustain its quality even at harsh weather conditions makes it more desirable as compared to other types of products. 

Based on the application, the market is bifurcated into commercial use and residential use. Commercial use is projected to be the larger market owing to the large demand of the product in various non-residential places such as government complexes, educational institutions, national parks, countries' borders, and others upsurge the consumption rate.

By sales channels, the market is divided into online stores and retail stores. Retail stores are anticipated to be the leading segment due to possessing salesmen who is able to provide in-depth knowledge of the product to consumers on the best product to be used depending upon the places to be used.

Regional Analysis:

On the basis of region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

North America is evaluated to be the leading market shareholder and is projected to continue throughout the forecast period of 2020-2027. The rising number of single-family standalone homes in this region which is well maintained with fencing separating from their neighbors plays a crucial factor for the market growth. For instance, according to the United States Census Bureau data issued, is declaring that in 2019 there is an estimation of 9,03,000 single-family home completion and 849,000 are projected to have an air-conditioning. Furthermore, the increasing demand of the product for protecting forest areas and wildlife has a significant contribution to market growth. For instance, according to the Global Forest Resources Assessment 2020, is proclaiming that Canada is the world's third-largest country with forest land coverage which covers 9% of the world's total forest area.

Asia Pacific is estimated to exhibit substantial growth in the fencing market owing to the governments in this region increasingly maintaining restricted or protected areas within a country or a state is likely to fuel the demand for fencing. For instance, according to the Ministry of Home and Affairs India, under the Foreigners (Protected Areas) Order, 1958, is declaring that the protected areas in various states of India are the whole of Arunachal Pradesh, parts of Himachal Pradesh,  parts of Jammu & Kashmir, Whole of Manipur, the whole of Mizoram, the whole of Nagaland, parts of Rajasthan, the whole of Sikkim (partly in a protected area and partly in the restricted area), and parts of Uttarakhand. Furthermore, the increasing construction of apartment complexes in different countries especially in urban places is assisting to upsurge the demand.

To gain extensive insights into the market, Request for Customization

Segmentation

Key Industry Developments-

• In November 2018,  Merchant Metal one of the prominent manufacturers and distributors of fence declared its acquisition of Continental Divide Fence.

• In June 2020, LP Building Solution announced the launch of its new 76 fencing series through its partnership with home depot.