Fencing Market is predicted to Expand at a CAGR of 5.3% during the Forecast Period, Notes TMR Study

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Jul 13, 2022, 09:30 ET

Consumer desire for home renovation and rising demand for high-end fencing materials are driving the global market for fencing
Due to their affordability and improved aesthetics, market players are concentrating on adopting synthetic raw materials and plastic composites to make fences

WILMINGTON, Del., July 13, 2022 /PRNewswire/ -- The value of the global fencing market stood at US$ 25.3 Bn in 2021. The market is anticipated to rise at a CAGR of 5.3% during the forecast period, from 2022 to 2031. The global fencing market size is expected to attain valuation of US$ 41.7 Bn by 2031. Due to growing worries concerning safety and privacy in industrial, commercial, and residential settings, the global fencing market is anticipated to expand throughout the projected period.

Due to its straightforward, natural appearance, wood fences are becoming more and more popular. Wood fences are a prominent option for residential consumers in addition to metal fences. Due to the rising costs of fencing's basic materials, such as wood, aluminum, and steel, fences are getting more and more pricey for owners of non-residential and residential properties. As a result, best fence company businesses and installers are focusing on developing modern fencing solutions that are both aesthetically beautiful and cost-effective, such as bamboo fencing, electric fences, and long-lasting fencing.

Due to the increasing number of houses in India and China, Asia Pacific accounted for a leading proportion of the global fencing market in 2021. The demand for fences in the region is also being driven by the rise in safety and privacy concerns amongst residents. The Asia Pacific fence companies & installers are also likely to benefit from the expansion of end-use industries and a rise in house renovation and remodelling projects.

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Key Findings of Market Report

The global fence market is projected to observe growth due to an increase in construction activities as well as infrastructural developments in the industrial, commercial, and residential sectors. Major real estate players are raising their stakes in large-scale commercial and residential projects. In order to secure houses and structures, security fences are essential. The need for fences is increasing as the real estate market expands and more offices, industrial facilities, and malls are built.
Growing protection and safety concerns are another factor driving growth opportunities for fencing contractors, manufacturers, suppliers, exporters. As security risks increase, organizations and businesses understand the necessity of installing security fences around their residences and places of business. Fences are a major investment for the industrial, commercial, and even household sectors, who want to secure their properties. With robberies and other crimes on the rise over the last several years, there is a greater need for electrified fence security systems. By putting up fences, customers are bolstering their physical site security measures, which is likely to drive demand for global fencing market.

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Global Fencing Market: Growth Drivers

Depending on product type, the fencing market in 2021 was dominated by the privacy fencing category. Wood, plastic, metal, or a mix of these basic materials can all be used to create privacy fences. Due to the simplicity of installation and flexibility in shaping, coloring, and molding privacy fence to suit client tastes, a considerable increase in demand is anticipated.
The metal category accounted for the highest proportion of the global fencing market, in terms of material in 2021. Demand for high value fencing materials is rising amongst the customers. Wrought iron, steel, and aluminum are a few of the several metals typically utilized to construct fences. Due of its sturdiness and less expensive maintenance requirements, metal fencing is more popular with consumers than wood fences. When creating parks and real estate developments, metal fence is preferable.

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Global Fencing Market: Key Players

Some of the key market players are

Long Fence Company Inc.
Builders Fence Company (BFC), Inc.
Compagnie de Saint-Gobain S.A.
Associated Materials, LLC
Jerith Manufacturing LLC.
Betafence Group

Global Fencing Market: Segmentation

Product Type

Privacy Fencing
Picket Fencing
Others

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Material

Metal
Wood
Plastic & Composite

End Use

Residential
Commercial
Industrial

Distribution Channel

Direct Sales
Indirect Sales

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