Fencing Market Scope
Fencing is the process of providing an enclosure to any property that requires protection and security from undesired activities. Fences are put into use and employed to provide safety to commercial, agricultural and residential constructions. Fences are generally classified into two type namely commercial wire fence and agriculture wire fence. Commercial wire fencing is commonly used for the safety purpose of parks, residential buildings and many others while the agriculture wire fencing is commonly used for the safety purpose of livestock. Fences are either made of plastic, metal, composites or wood. The main objective behind installing fences is to ensure that no trespasser or unwanted things enter the guarded property and also to prevent livestock from getting out of the vicinity provided.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | PLY Gem (United States), Bekaert Fencing (Belgium), BetaFence (Belgium), Ameristar Perimeter Security (United States), Long Fence (United States), Gregory Industries (United States) and A1 Fence Products (India) |
CAGR | 6.6% |
The market is highly competitive with a high degree of fragmentation and is dominated by a large number of local manufacturers catering to the needs of the customers of a particular region. Innovation and developments related to technology and designs are expected to be crucial success factors for market players. Companies accounting for a significant market share include CertainTeed Corporation, Betafence, and Allied Tube & Conduit. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Fencing market throughout the predicted period.
PLY Gem (United States), Bekaert Fencing (Belgium), BetaFence (Belgium), Ameristar Perimeter Security (United States), Long Fence (United States), Gregory Industries (United States) and A1 Fence Products (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Specrail (United States) and Jerith (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Fencing market by Type , by Application (Commercial, Residential, Agricultural, Industrial and Others) and Region with country level break-up.
On the basis of geography, the market of Fencing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2018, Ply Gem Holdings, Inc. a leading North American building products manufacturer, and Clayton, Dubilier & Rice (CD&R) announced today a definitive agreement under which CD&R funds will acquire all of the outstanding shares of Ply Gem common stock in a go-private transaction valued at approximately USD 2.4 billion.
In September 2018, The country’s first ‘smart fence’ pilot project, which entails deploying laser-activated fences and technology-enabled barriers to plug vulnerable gaps along borders, will be formally launched by Home Minister Rajnath Singh next week along the India-Pakistan border
Influencing Trend:
Growing Demand for Reflective Plastic Fencing in Agricultural Area
Market Growth Drivers:
Growing Construction Projects with Focus on Added Security and Increasing Government Investment in Promoting Internal Security
Challenges:
Need for Trained and Competent Staff in Installation
Restraints:
High Cost of Metal Fencing Owing to Fluctuating Raw Materials Price
Opportunities:
Maintenance Costs is Low
Key Target Audience
Fencing Manufacturers, Suppliers/Distributors, Research Institutes, Government Agencies, Potential Investors, Agriculture Industry and Others