Global Fencing Market to Grow at a CAGR of 5.42% During 2022 –2030

Introduction

Fencing protects property from unauthorized people or activities. Fences secure commercial, agricultural, and residential buildings. Most fences are commercial or agricultural wire fences. Commercial wire fence is used in parks, residential constructions, and other areas; agriculture wire fencing protects cattle.

Growing economies and middle-class populations, increased demand for security and protection, and consumer interest in home remodeling and décor have boosted the global fencing business. Innovative and appealing fences, growing recognition of synthetic alternatives, and increased demand for residential fences are factors that will boost the global fencing market during the forecast period.

Market Dynamics

As Population Grows, So Does Real Estate Demand

Population growth worldwide has increased the need for schools, buildings, factories, government buildings, and offices. People and corporations from many industries are making their homes more attractive and safer. In recent years, demand for independent dwellings and new construction technology has risen.

Since its inception, construction has been a lucrative industry. Recent advancements include new building techniques and growth in homebuyers. Due to escalating prices of buying and building new homes and supplies, many people are building their own homes sooner rather than later. New structures will increase the need for fences in the future years.

Inventions Are Driving Growth

Technology impacts every sector. Traditional agricultural fencing systems are time-consuming. Traditional approaches are as successful as modern ones. The virtual fence is an industry invention. When an animal tries to leave a designated region, its GPS-tracked neck band generates a stimulation that induces a GPS receiver to rein it in. At the virtual boundary, an audible warning is issued to keep the animal inside. Virtual fences protect animals from harm. This trend will also affect global fencing.

Electric Fence Use Is Growing, Creating Opportunities

Increasing electric fencing as a border sealer and for agricultural expansion. Armed forces worldwide are increasingly using electric fences to prevent border intrusions. China's Ladakh area spikes power cables near the disputed India border. The Russian military built an electric fence along the China-Russia border to deter intruders. Increased emphasis on national security should enhance commercial development. Electric fences increase farm safety by preventing unauthorized animal entry. More farmers will deploy electric fences to keep wild animals out of their farms.

Regional Overview

North America, Europe, APAC, Latin America, and Middle East & Africa make up the Global Fencing Market (MEA).

North America led the global fencing market in 2021 with more than 40% of global revenue. Unchecked growth in North American development and construction helps the continent maintain its global dominance. More than 50,000 fence contractors are in the US. These contractors provide products and services globally.

The region's market should grow significantly in the next years. Rising demand for home decor in North America is expected to boost market growth.

Over the predicted time, the Asia-Pacific market should grow. Numerous government measures to build and improve public infrastructure are expected to boost the regional industry.

Consumers' security concerns may also boost the region's market. Urbanization and farmers' attention on protecting their property and assets are expected to drive regional market growth. Another good sign for the region's industry is India's increased investment in public institutions.

Key Highlights

• The Global Fencing Market was evaluated at USD 26.86 billion in 2021 and is predicted to reach at USD 43.19 billion by 2030, increasing at a CAGR of 5.42% from 2022 to 2030.
• By Material, the Global Fencing Market is segmented into Metal, Wood, Plastic & Composite, and Concrete. In 2021, the metal segment had a revenue share of more than 55%.
• By Distribution Channel, the Global Fencing Market is segmented into Online and Retail Channels. More than 72% of the market in 2021 was occupied by the retail sector.
• By Installation, the Global Fencing Market is segmented into Do-It-Yourself and Contractor. In 2021, the contractor sector accounted for more than 71% of total revenue.
• By Application, the Global Fencing Market is segmented into Residential, Agricultural, and Industrial. In the year 2021, largest share was held by the residential market for more than 58%.
• By End Use, the Global Fencing Market is segmented into Government, Petroleum & Chemicals, Military & Defence, Mining, Energy & Power, Transport, and Others. More than 32 percent of the market in 2021 belonged to the military and defence sector.
• By Region or Geography, the Global Fencing Market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America, and Middle East & Africa (MEA). In 2021, North America held a share of the revenue of more than 40% of the fence market.

Competitive Players

Major Players

List of major competitor companies in the Fencing Market across the globe are:

1. Allied Tube & Conduit
2. CertainTeed Corporation
3. Betafence NV
4. Jerith Manufacturing Company Inc.
5. Gregory Industries, Inc.
6. Ameristar Fence Products Incorporated
7. Associated Materials LLC
8. Ply Gem Holdings Inc.
9. Poly Vinyl Creations Inc.
10. Bekaert
11. Long Fence Company Inc.

Recent Developments

• January 2022 - A definitive agreement has been reached by Associated Materials and SVPGLOBAL, a worldwide investment organisation with over $18 billion in assets under management, under which funds administered by SVPGLOBAL would purchase Associated Materials.
• December 2021 - Gregory Industries is putting the last touches on the designs for a bigger headquarters in Canton, Ohio, with the goal of beginning construction in 2022. This decision has been taken as part of a five-year expansion strategy that the company has devised in order to solidify its position as a leading maker of roll formed steel products across the nation.

Segmentation

Global Fencing Market: Segmentation

By Material

• Metal
• Wood
• Plastic & Composite
• Concrete

By Distribution Channel

• Online
• Retail

By Installation

• Do-It-Yourself
• Contractor

By Application

• Residential
• Agricultural
• Industrial

By End Use

• Government
• Petroleum & Chemicals
• Military & Defence
• Mining
• Energy & Power
• Transport
• Others

By Geography

• North America
• Europe
• Asia Pacific (APAC)
• Latin America
• Middle East and Africa (MEA)