Fencing Market Size 2022-28: Growth, Trends, Global Share

According to Precision Business Insights (PBI), the latest report, fencing market size is expected to be valued at USD 11, 254.4 million in 2022 and is expected to grow at a CAGR of 4.7% in 2022-2028. The primary factors that drive the market are persistent growth in home improvement projects, new housing construction, commercial construction, and renovation activities, and the rising concerns about safety and security along with the lower cost of maintenance and higher dependability.

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Plastic and Composite Material to Dominate the Fencing Market:
Based on material type, plastic and composite hold the highest market share. The major factor for the rise of this segment is because of their exceptional physical properties. Plastic and composite fencing materials frequently look like natural wood but have nominal maintenance requirements and an extended life cycle than wood fencing. Plastic and composite fencing products are also perceived as being “green” since they are frequently made from recycled materials, such as wood scraps and reclaimed plastics. These properties can drive the global fencing market growth.

North America Fencing Market:
North America leads the global fencing market growth due to the increasing number of single-family separate homes in these regions which are well preserved with fencing dividing them from their neighbors. The growing demand for the product for shielding forest areas and wildlife, increasing growth in construction events, and rising demand for products required for home decoration have contributed to increasing the sales of fencing in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global fencing market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In June 2022, Upwork co-founder launched Ergeon, a startup that builds fences. In September 2020, Proalco SAS merged with Almasa SA to provide better steel wire products for fencing.

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The fencing market is segmented based on material type, application, end users, and region.
Based on the material type, the market is segmented into the following:
• Plastic
• metal
• Wood
• Composite
• others

Based on the application type, the market is segmented into the following:
• Commercial
• Residential
• Agricultural

Based on the end users, the market is segmented into the following:
• Private
• Government
• Energy and power
• mining
• others

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players’ profiles in the fencing market report are Allied Tube & Conduit, Ameristar Fence Products Incorporated, Associated Materials LLC, Bekaert, Betafence NV, CertainTeed Corporation, Gregory Industries, Inc., Jerith Manufacturing Company Inc., Long Fence Company Inc., Ply Gem Holdings Inc., and Poly Vinyl Creations Inc.

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This release was published on openPR.

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