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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On the basis of products, the fencing market can be categorized as commercial wire fence, and livestock or agricultural wire fence. The commercial wire fence includes welded wire fence and chain link fence; whereas, livestock or agricultural wire fence includes electric fence and hinge joint fence. On the basis of material, the fencing market can be categorized as plastic and composite fence, metal fence, concrete fences, and wood fence. Metal fencing dominates the material categories in the global fencing market. Plastic and composite fencing category is expected to grow with the fastest rate in the coming years, due to their long term durability, less repair, and maintenance requirement. Plastic and composite fences include composite fence, vinyl fence, and high-density polyethylene (HDPE) fence. Metal fence includes non-wire fence, and barbed and twisted steel wire fence; while wood fence includes unassembled and assembled fence.
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.
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