Overview and Scope
Fencing refers to equipment used to restrict the crossing of an established boundary. In terms of design, weight, and structure, fencing differs from the wall. The fence is used for a variety of reasons, including security, theft prevention, and keeping children and pets in a contained area, as well as to improve the aesthetics of the property and border.
Sizing and Forecast
The fencing market size has grown strongly in recent years. It will grow from <b>$30.36 billion in 2023 to $32.18 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. </b> The growth in the historic period can be attributed to security concerns, growth in residential construction, increased urbanization, agricultural needs, property boundaries.
The fencing market size is expected to see strong growth in the next few years. It will grow to <b>$39.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. </b> The growth in the forecast period can be attributed to residential renovation, sustainable and eco-friendly fencing, rising land prices, customization and innovative designs, green building initiatives. Major trends in the forecast period include smart fencing systems, vertical gardens and green fencing, laser-cut and decorative panels, modular and diy fencing, solar-powered fencing.
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Segmentation & Regional Insights
The fencing market covered in this report is segmented –
1) By Material: Plastic, Metal, Wood and Composite, Concrete
2) By Installation: Do it yourself, Contractor
3) By Application: Residential, Agricultural, Industrial
4) By End use: Government, Mining, Defence, Petrochemicals, Transport, Energy
<b>North America</b> was the largest region in the fencing market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the fencing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in urbanization is significantly contributing to the growth of the fencing market. Urbanization refers to the movement of mass population from rural areas to urban settings, which results in the increasing human population densities in urban areas. The need for residential and non-residential structures is expanding as a result of urbanization, which will propel the fencing industry forward. The rise of the middle class is supporting the growth of the fencing business. Therefore, increasing urbanization is expected to propel the growth of the fencing market going forward.
Key Industry Players
Major companies operating in the fencing market include <b> Allied Tube & Conduit Corp, Ameristar Fence Products Incorporated, Bekaert Corporation, CertainTeed Corporation, Long Fence Company Inc., Poly Vinyl Creations Inc., Fortress Building Products, Master-Halco Inc., Stephens Pipe & Steel LLC, Jerith Manufacturing LLC, Pexco LLC, Betafence NV, Trex Company Inc., Barrette Outdoor Living Inc., Gregory Industries Inc., Wheatland Tube Company, BIFFERdil Group, AmeriFence Corporation, Merchants Metals, Royal Building Products, Dura Fence, Eastern Wholesale Fence Co. Inc., Illusions Vinyl Fence, Nationwide Industries Inc., Universal Forest Products Inc., Homestead Vinyl Products Inc., Country Estate Fence, Weatherables, Ply Gem Holdings Inc. </b>
The fencing market report table of contents includes:
1. Executive Summary
2.Fencing Market Characteristics
3.Fencing Market Trends And Strategies
4.Fencing Market analysis
5.Fencing Market Size And Growth
6.Fencing Segmentation
7.Fencing Regional And Country Analysis
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27.Fencing Competitive Landscape And Company Profiles
28Fencing . Key Mergers And Acquisitions
29.Fencing Future Outlook and Potential Analysis
TOP MAKJOR PLAYERS:
- Allied Tube & Conduit Corp
- Ameristar Fence Products Incorporated
- Bekaert Corporation
- CertainTeed Corporation
- Long Fence Company Inc
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