Market Research Future (MRFR) is of the view that the global fencing market can achieve a CAGR of around 5.12% during the forecast period (2018-2023). It can touch a valuation of USD 26.51 billion by 2023, adds MRFR.
Top Drivers and Main Restraints
The global Covid-19 Impact on Fencing Market has witnessed an upward surge since the past few years. This is attributed to the increasing security concerns, increased application in high security and defense areas along with the technological development. There is seen an increased investment in technological development in line with the application areas such as defense which has been major focus area by the leading manufacturers in the fencing market. Development in the material side has led to the increasing popularity of plastic and composite fencing structures in residential and commercial segments.
With residential construction application accounting for the fastest growing segment, there is an increased demand for cost-effective, and durable fencing solutions to suit the household requirements. This is backed by the need for improved aesthetics and ease of installation that is expected to drive the demand for plastic and composite fencing segment.
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Leading vendors forming the Covid-19 Impact on Fencing Market are Ameristar Fence Products Inc. (US), CertainTeed Corporation (US), Bekaert (Belgium), Betafence NV (Belgium), Ply Gem Holdings Inc. (US), Allied Tube and Conduit (US), Associated Materials LLC (US), Long Fence Company Inc. (US), Gregory Industries Inc. (US), Jerith Manufacturing Company Inc. (US), Long Fence Company Inc. (US), to mention a few.
This study provides an overview of the global fencing market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Fencing market by material, by product, by end-user, and by region.
- Plastic & Composites
- Hinge-joint Fence
- Electric Fence
- Welded Fence
- North America
- Rest of the World
Market Research Analysis:
Geographically, the global fencing market has been divided into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the world (RoW). North America accounted for the largest market share in 2017 and is expected to witness a similar growth over the forecast period. Increasing investment in the infrastructure upgradation, robust investment in private construction, and growing interest in cost benefit fencing solutions have fueled the demand for fencing market in the countries of North America. In North America, US is projected to be the largest consumer of fencing for their new and remodeling private construction projects and thus accounted for the largest market share in terms of both value and volume among all countries in the North American region.
However, Asia-Pacific is anticipated to witness highest growth rate over the forecast period, owing to the rapid urbanization coupled with technological advancements in the material side of the fencing market across the economies such as China and India. Furthermore, the added benefits such as cost-effectiveness, durability, and availability of alternatives have been instrumental in increasing the share of Asia-Pacific in the global fencing market.Get Complete Report @ https://www.marketresearchfuture.com/reports/fencing-market-7388
Table of Content:
Chapter 1: Fencing Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Fencing Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Fencing Market Effect Factors Analysis
Chapter 12: Global Fencing Market Forecast
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