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.
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)
- Plastic & Composite
Fencing Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
Fencing Installation Outlook (Revenue, USD Million, 2017 – 2030)
Fencing Application Outlook (Revenue, USD Million, 2017 – 2030)
List of Key Players in the Fencing Market
- Allied Tube & Conduit
- Ameristar Fence Products Incorporated
- Associated Materials LLC
- 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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