In simple words, a fence is a sturdy structure that is designed and built to inhibit the crossing of an existing boundary. It is broadly distinguished from a solid wall. Fences are created and put up for a variety of reasons. They are a part of agricultural, to corral livestock to other commercial sectors where they help in controlling the trespassing activities and/or provide security and safety to keep children and pets safe from any type of danger. Sometimes, fences are also set up as a piece of decoration to enhance the aesthetic appeal of a property.
Global Fencing Market – By Product Type & End-Use Segment
Mostly, fencing solutions are majorly used in end-use segments such as agricultural, residential, and the industrial sectors. The
Fencing Market is segmented into two major types of categories based on the product type – commercial wire fence and agriculture wire fence. Due to high demand for building and housing construction projects, as well as an increasing demand for safety and security solutions in several construction areas, the commercial wire fence segment dominates the global fencing market in many ways.
On the other hand, the need for residential fences and use of synthetic alternatives serves as a great opportunity for the fencing industry in the residential sector as well. Over the years, the constantly growing economies across the world have also contributed to the growth of the fencing market. The agricultural/livestock wire fence segment is the third most rapidly expanding segment in the global fencing market. It is expected to grow at a relatively slow pace in the given forecast.
Market – Share and Size
The global fencing market is expected to reach USD 29.1 billion by 2018, growing at a CAGR of 4.4% in the forecast period 2012 to 2018. According to one of the best leading U.S. market firms, Transparency Market Research, the metal fencing market which is a sub-category of the fencing market is in a leading position due to a wide range of products available in the market.
Global Fencing Market – By Material
With various fencing market segments and sub-segments based on the product types, the materials segment is another precinct that has high significance and value in the market. The materials market is divided into four main categories such as metal, wood, plastic & composite and concrete fencing. Of all the categories, the metal fencing material owns more than half of the market shares. Due to continued interest in chain link, ornamental, and barbed wire fencing and rising demands for security and safety in different commercial and industrial sectors, this market accounted for maximum shares in 2012.
In addition, even the plastic & composite fencing market, as well as the wood fencing market, that claims to be the second largest segment in the global market enjoys maximum attention from the residential and commercial sectors. These markets are expected to grow at a moderate growth rate from 2012 to 2018.
Market Analysis – By Geography
Geographically, the global fencing market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW) regions. North America is currently the largest regional market for fencing products, which is then followed by Asia-Pacific and European markets. Also, another few contributing factors such as rapid industrialization and increasing housing constructions in India and China have poised Asia Pacific to be the fastest growing region in the coming years.
Key Market Players
Some of the key players in the global fencing market include CertainTeed, Betafence, Bekaert Associated Materials LLC, Gregory Industries, Inc., Long Fence Company Incorporated, Ameristar Fence Products Incorporated, Poly Vinyl Company Incorporated, Tenax, Jerith Manufacturing Company Incorporated, among others.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr. Nachiket Ghumare
90 State Street Suite 700
Albany NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
