The global fencing market is anticipated to reach USD 37.41
billion by 2025, according to a new report by Grand View Research, Inc. Growth
in remodeling projects & real estates is projected to propel the market
sales over the forecast period. Commercial sectors including academic
organizations and industrial premises employ fences to enhance the safety of
people and property.
Expansion in the fencing market can be attributed to
residential renovations and new construction projects. Security needs and
‘transportation construction’ investments are presumed to spur the industry
growth. In addition, fences may experience a significant rise in demand due to
the requirement for aesthetically appealing and novel property. Governmental
investments for promoting safety and security at public premises and parks are
further energizing the industry growth prospects.
Consumer preferences largely depend on the design,
cost, quality, and appearance of the fence. The demand for fences among
cultivators for protecting their livestock & property is substantially
propelling the fence demand. Innovative materials that enhance durability at
low costs tend to add market profits.
Full
Research Report On Global Fencing Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/fencing-market
www.grandviewresearch.com/industry-analysis/fencing-market
Further
key findings from the study suggest:
- Metal fencing is expected to dominate the
market over the forecast period. It held a share of over 52% in 2015,
which can be attributed to its usage across governmental organizations and
public premises.
- The residential application segment is expected
to witness a phenomenal growth over the next nine years. Renovation and
construction operations are remarkably driving the demand for this
application.
- The safety of farms, livestock, and crops from
trespassers and wild animals may propel the fencing demand in the
agricultural application segment.
- The Asia Pacific regional industry is expected
to witness surges in the demand for fences in agricultural applications.
This surge may be attributed to its evolving agricultural sector,
especially in emerging countries such as India and China.
- The Asia Pacific region is expected to grow at
a CAGR of 5.4% from 2016 to 2025.
- The global fencing industry is characterized by
intense competition with a highly fragmented market structure. It is led
by several local manufacturers that meet the consumer needs by offering
cost-efficient products.
- The key market participants include Gregory
Industries, Inc., Long Fence Company Inc., Betafence NV, Jerith
Manufacturing Company Inc., Ply Gem Holdings Inc., Poly Vinyl Creations
Inc., Allied Tube & Conduit, Ameristar Fence Products Incorporated,
Associated Materials LLC, Bekaert, and CertainTeed Corporation.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/hvac-and-construction-technologies
www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented the global fencing market based on
material, application, end-use, and region:
Fencing
Material Outlook (Revenue, USD Million, 2014 - 2025)
- Metal
- Wood
- Plastic
& Composite
- Concrete
Fencing
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Residential
- Agricultural
- Industrial
Fencing
End Use Outlook (Revenue, USD Million, 2014 - 2025)
- Government
- Petroleum
& Chemicals
- Military
& Defense
- Mining
- Energy
& Power
- Transport
- Others
Fencing
Region Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- Europe
- Asia
Pacific
- RoW
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-fencing-market
www.grandviewresearch.com/press-release/global-fencing-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For More
Information: www.grandviewresearch.com
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