Fencing – installed to prevent unwanted access to your property by burglars and stray animals, to prevent pets from escaping, and sometimes simply for show – is a multi-billion dollars’ worth market these days. Manufacturers are producing them using various materials such as wood, metal, plastic, composite, and concrete to suit the various needs of buyers.
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In order to expand their market share, the manufacturers are seen focusing on end-to-end, enhanced solutions, product development, and improved customer service. Some of the noteworthy players in the global fencing market are Jerith Manufacturing Company Inc., Allied Tube and Conduit, Ameristar Fence Products Inc., Associated Materials LLC, Betafence NV, Bekaert, CertainTeed Corporation, Long Fence Company Inc., Gregory Industries Inc., and Ply Gem Holdings Inc.
In recent report on the market for fencing, Transparency Market Research states that it will progress at a steady 4.5% CAGR from 2017 to 2025 to clock a value of US$36.0 bn by end of 2025.
Depending upon type, the global market for fencing can be divided into agricultural/livestock wire fence, commercial wire fence, etc. Agricultural/livestock wire fence, among them, accounted for a dominant share of 39.0% in 2016. The segment is also expected to clock maximum growth pace over the course of the forecast period.
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Geography-wise, North America, South America, Europe, Asia Pacific, and the Middle East and Africa are the main regions in the global market for fencing that have been studied in the report. North America dominated the market with a significant 32.0% share in 2016 on the back of flurry of residential and industrial construction projects. The large number of pet owners in the region too are providing a fillip to demand.
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