The global fencing market is up surging at a significant rate, due to growing economies and middle class population, rising demand for security and safety, increasing consumer’s interest in home improvement and home décor, and expanding housing constructions or rebound in housing completions. The introduction of innovative and attractive fences, growing acceptance and popularity of synthetic alternatives, and increasing demand for residential fences are some of the factors providing ample growth opportunities for the global fencing market in the coming years. However, volatile raw material prices and increasing energy costs are restraining the growth of the global fencing market to some extent.
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North America dominates the global fencing market, due to growing consumer demand for decorative and innovative home improvement products, and expanding residential sectors in the region. Asia-Pacific is expected to grow with the fastest rate in the coming years, due to large number of construction projects and developments within the agricultural sectors of the region.
Fences are detached accessory structures that are produced and designed to obstruct the crossing of a conventional boundary by the outsiders. A fence is distinguished from the wall on the basis of weight; while the fence is usually lighter than wall. Fences are used for several reasons across different applications, for instance- privacy fencing is used to keep potential predators and corral livestock outside the premises, decorative fencing is used to enhance the artistic appeal of any property, temporary fencing is used to provide security and control movement in the building locations, and boundary fencing is used to distinguish property lines.
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The fencing market can also be categorized on the basis of end-users as industrial, commercial, agricultural, and residential. The commercial end-users segment dominated the global fencing market, and is also expected to grow with the fastest rate in the coming years. The dominance is increasing, due to growing industrialization and housing construction globally. The consumers’ shift towards equipping their houses and offices with security fences is increasing, due to the growing threats related to safety and security. In the developing regions such as Asia-Pacific, the agricultural wire fencing is also becoming popular and its market is expected to grow in the coming years.
Some of the competitors in the fencing market are Associated Materials LLC, Gregory Industries Inc., Allied Tube & Conduit Corporation, Ply Gem Holdings Inc., Betafence NV, Ameristar Fence Products Inc., Poly Vinyl Co. Inc., CertainTeed Corporation, Jerith Manufacturing Company Inc., and Bekaert SA.
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