Fencing Global Market Report 2024

Fencing pertains to the apparatus employed to limit access across a defined boundary. In terms of composition, mass, and configuration, fencing distinguishes itself from walls. Its application spans various purposes, such as ensuring security, deterring theft, confining children and pets to a designated area, and enhancing the visual appeal of the property and its periphery.

The primary constituents utilized in fencing encompass plastic, metal, wood, composite, and concrete. Plastic fencing denotes fences crafted from synthetic materials. When juxtaposed with conventional wooden fences, these materials exhibit greater durability, ease of maintenance, and an extended lifespan. Fencing finds utility in residential, agricultural, and industrial domains, being employed by governmental bodies, mining enterprises, defense establishments, petrochemical industries, transportation sectors, and energy-related enterprises.

The fencing market research report is one of a series of new reports that provides fencing market statistics, including fencing industry global market size, regional shares, competitors with a fencing market share, detailed fencing market segments, market trends and opportunities, and any further data you may need to thrive in the fencing industry. This fencing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The fencing market size has grown strongly in recent years. It will grow from $30.36 billion in 2023 to $32.18 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The expansion observed during the historical period can be ascribed to heightened security considerations, a surge in residential construction activities, augmented urbanization, agricultural requisites, and the delineation of property boundaries.

The fencing market size is expected to see strong growth in the next few years. It will grow to $39.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period is linked to residential renovation, the adoption of sustainable and eco-friendly fencing solutions, escalating land prices, a demand for customization and innovative designs, and the promotion of green building initiatives. Noteworthy trends expected during the forecast period comprise the integration of smart fencing systems, the emergence of vertical gardens and green fencing, the utilization of laser-cut and decorative panels, the popularity of modular and do-it-yourself (DIY) fencing, and the implementation of solar-powered fencing.

The increase in urbanization is significantly contributing to the growth of the fencing market. Urbanization refers to the movement of mass population from rural areas to urban settings, which results in the increasing human population densities in urban areas. The need for residential and non-residential structures is expanding as a result of urbanization, which will propel the fencing industry forward. The rise of the middle class is supporting the growth of the fencing business. Therefore, increasing urbanization is expected to propel the growth of the fencing market going forward.

The anticipated surge in construction activities is poised to drive the fencing market's growth in the foreseeable future. Construction, involving the assembly of materials to create large structures, extensively relies on fencing to secure sites, prevent unauthorized access, bolster safety measures, and safeguard materials and equipment. This, in turn, ensures a controlled and secure working environment. Notably, a September 2021 report by Oxford Economics, a UK-based economic information services company, revealed that the global construction output was $10.7 trillion in 2020. Projections indicate a substantial 42% increase, equivalent to $4.5 trillion, between 2020 and 2030, reaching a total of USD 15.2 trillion. Consequently, the upswing in construction activities acts as a catalyst for the fencing market's expansion.

A prevailing trend gaining prominence in the fencing market is the proliferation of strategic partnerships and collaborations. Key players in the fencing sector are strategically engaging in partnerships and collaborations to broaden their presence in new territories and establish themselves as industry leaders. A notable example is the March 2021 collaboration between Binford Supply, a US-based private equity firm, and Fencing Supply Group, a US-based wholesale distributor of fencing and outdoor living products. This partnership aims to support the platform through organic growth initiatives and an active acquisition strategy.

Strategic partnerships remain a cornerstone in the fencing industry, where major companies join forces to provide comprehensive solutions and services. In a significant development in March 2023, Gregory Industries, a US-based provider of quality highway safety products, formed a partnership with Safence, a US-based high-tension cable barrier system. This collaboration enhances Gregory’s capabilities in manufacturing, selling, and distributing Safence's existing fencing cable barrier system product line throughout the United States and Canada. Future plans include scaling this distribution to enhance road safety globally.

In May 2022, Fencing Supply Group (FSG), a wholesale distributor based in the United States specializing in fencing and outdoor living products, successfully acquired Specialty Fence Wholesale Inc. This strategic move not only solidifies Fencing Supply Group's existing presence but also strengthens its footprint in the Tampa and Southeast region, courtesy of the newly acquired Specialty Fence Wholesale. Operating in the United States, Specialty Fence Wholesale Inc. is recognized as a wholesaler specializing in vinyl and aluminum fencing products.

Major companies operating in the fencing market include Allied Tube & Conduit Corp, Ameristar Fence Products Incorporated, Bekaert Corporation, CertainTeed Corporation, Long Fence Company Inc., Poly Vinyl Creations Inc., Fortress Building Products, Master-Halco Inc., Stephens Pipe & Steel LLC, Jerith Manufacturing LLC, Pexco LLC, Betafence NV, Trex Company Inc., Barrette Outdoor Living Inc., Gregory Industries Inc., Wheatland Tube Company, BIFFERdil Group, AmeriFence Corporation, Merchants Metals, Royal Building Products, Dura Fence, Eastern Wholesale Fence Co. Inc., Illusions Vinyl Fence, Nationwide Industries Inc., Universal Forest Products Inc., Homestead Vinyl Products Inc., Country Estate Fence, Weatherables, Ply Gem Holdings Inc.

North America was the largest region in the fencing market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in fencing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the fencing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The fencing market consists of sales of brick wall fencing, chain linked fence and barbed wire fencing. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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