Fencing Market Growth & Trends
The global fencing market size is anticipated to reach USD 44.39 billion by 2030, growing at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The growing need to safeguard agricultural assets and the aggressive investments being made by private companies in strengthening the security and enhancing the aesthetics of their premises are expected to drive the growth of the market over the forecast period.
The growth of the real estate market and the increase in the number of remodeling projects being undertaken are expected to contribute to the growth of the market. Government bodies are putting a strong emphasis on ensuring physical safety and security at public premises and parks. Consumers from both semi-urban and rural areas are equally focusing on countering any potential security breaches.
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For instance, while cultivators are opting for fences to mark the perimeters of their properties and to protect their livestock, property owners are looking forward to having novel properties with an aesthetic appeal. Subsequently, the growing demand for innovative fences is prompting market players to experiment with innovative materials to enhance durability while reducing the cost of their fencing solutions.
Consumer preferences for fencing solutions vary largely according to the design, cost, quality, and appearance. Household customers have started considering a fence as a vital part of a stylish home. They are also realizing gradually that a decorative fence can equally serve as a sign of social status as it can make their property stand out. In other words, customers have started realizing that attractive fencing can add to the curb appeal of their property. As such, a picket fence is emerging as the most decorative fencing option. All these factors are expected to drive the growth of the market over the forecast period.
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Fencing Market Segmentation
Grand View Research has segmented the global fencing market based on material, distribution channel, installation, application, end use, and region:
Fencing Material Outlook (Revenue, USD Million, 2017 – 2030)
- Metal
- Wood
- Plastic & Composite
- Concrete
Fencing Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
- Online
- Retail
Fencing Installation Outlook (Revenue, USD Million, 2017 – 2030)
- Do-It-Yourself
- Contractor
Fencing Application Outlook (Revenue, USD Million, 2017 – 2030)
- Residential
- Agricultural
- Industrial
List of Key Players in the Fencing Market
- Allied Tube & Conduit
- Ameristar Fence Products Incorporated
- Associated Materials LLC
- Bekaert
- Betafence NV
- CertainTeed Corporation
- Gregory Industries, Inc.
- Jerith Manufacturing Company Inc.
- Long Fence Company Inc.
- Ply Gem Holdings Inc.
- Poly Vinyl Creations Inc.
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Grand View Research is an India & 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. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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