Global Fencing Market By Material (Metal, Wood, Plastic & Composite, and Concrete), By Distribution Channel (Online, and Retail), By Installation (Do-It-Yourself, and Contractor), By Application (Residential, Agricultural, and Industrial), By End-Use (Government, Petroleum & Chemicals, Military & Defense, Mining, Energy & Power, Transport, and Other End-Uses), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Fencing Market Overview:

In 2021, the Global fencing market valuation was at USD 27,880 Million. It is estimated to grow at a CAGR of 5.5% between 2022 and 2032.

The market is expected to grow due to an unabated increase in residential construction, remodeling activities, home improvement projects, and commercial construction over the forecast period. Market growth will be driven by growing safety and security concerns, as well as the low maintenance costs and high reliability of new fencing solutions.

Global Fencing Market Analysis:

Material Analysis:

In 2021, the metal segment was responsible for more than 50% of the total revenue. Metal fencing is especially popular in public areas and government agencies. This segment is expected to grow due to the growing preference for ornamental and chain-link fences.

Metal fencing is becoming more popular due to the growing demand for stronger fencing to increase security. This segment is expected to grow because of its ability to withstand changing weather conditions and the growing demand for sturdy fences.

Wood fencing is an attractive choice for residential applications, particularly in rural and semi-urban areas. Its unique aesthetic appeal and affordability make it a popular choice. These are the main reasons for the rapid growth of the wood sector over the last few years.

Wooden fencing will be under intense competition from composite and plastic fencing due to their lower maintenance costs. The plastic & composite market is expected to see significant growth during the forecast period.

Distribution Channel Analysis:

In 2021, the retail segment held 75% of the market. Customers have instant access to key vendors’ products through the retail distribution channel.

This channel also allows vendors to reduce their marketing budgets, which contributes to the growth of this segment Customers can easily visit retail outlets to purchase fences customized according to their needs, as custom solutions are not often available on the most popular online marketplaces.

Online will experience the fastest growth during the forecast period. Online distribution channels offer many benefits. Online distribution channels are relatively cheaper to set up than a retail store.

Online channels allow customers to compare products and view all available products in real-time. Vendors are increasingly aware of the many benefits associated with online channels and are opting for them to distribute their products online, which is driving growth in the market.

Installation Analysis:

In 2021, the contractor segment was the responsible high percentage of the total revenue. Many contractors are available in the market that can install fences in accordance with customers’ aesthetic preferences.

It is often difficult for customers to realize the material handling capabilities of contractors. Contractors have the ability to deploy qualified professionals who can install fences efficiently. Customers prefer to have fences installed by contractors. These factors allow the contractor segment to dominate this market.

Due to customers’ increasing preference for custom fences, the Do-It-Yourself segment will see significant growth in the coming years and also has many Do-It-Yourself (DIY) fencing kits on the market. Vinyl fences are most commonly constructed with DIY kits as they are the easiest to put up.

Although it can be possible to install a fence yourself, this is not always an easy task. Customers who opt for DIY kits might have to deal with a long fence construction process.

Application Analysis:

In 2021, the residential segment held more than 60% of the market. This market was dominated by the increasing number of residential construction and remodeling. Fencing products for residential use are being increasingly sought after due to the increased emphasis that households place on privacy and security, as well as the rising disposable income.

This segment is seeing significant growth due to the preference for custom-made fences as well as the desire to enhance the aesthetic appeal of residential properties.

Fences for agricultural purposes will be in high demand due to the growing need to protect farm animals, crops, and farm areas from wild animals as well as thieves. There is a growing demand for fencing in agricultural applications due to the increase in agricultural area intrusions.

The fences for agricultural uses are usually designed and made according to the customers’ specifications using high-quality raw materials. The industrial segment will continue to grow due to the increasing demand for fencing solutions from industrial or manufacturing units.

End-use Analysis:

In 2021, the military & defense segment held the largest market share at over 29%. This segment is expected to grow due to the increasing need for border control and safety. The fastest-growing segment in the end-use market is expected to be the energy and power segment, over the forecast period.

Chemical companies and petroleum companies make significant investments to upgrade their existing refineries and process plants, as well as develop new industrial infrastructure.

These facilities can release hazardous chemicals and gases that can cause harm to both the trespassers as well as other people who intrude on the premises. These companies have installed strong, durable fencing to prevent trespassing and drive the growth of the petroleum and chemicals segment.

Key Market Segments:

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 & Defense
• Mining
• Energy & Power
• Transport
• Other End-Uses

Fencing Market Dynamics:

As property values rise and there are more affordable and lightweight fencing options, the demand for fencing products will also increase. The most important customer criteria are cost, design, quality, and aesthetics. The market will grow if there is an increase in institutional construction and a growing government investment to strengthen the security of parks, public spaces, and government buildings.

The increasing demand for security and safety solutions is driven by the rising popularity of real property development and growing industrialization. Market players are responding to growing security breaches by offering innovative security and safety solutions to meet the changing needs of end-users, which is contributing to the market’s growth.

Although eco-friendly fencing is becoming more popular, the high maintenance required for eco-friendly fencing is driving demand for low-maintenance fencing options, such as vinyl fencing. Plastic fencing is becoming an affordable, lightweight, and simple-to-install option.

Market players offer smart solutions for farmers who want to protect their livestock and property. The market’s growth will be impeded by the increasing number of unlicensed contractors selling inferior products and the rising prices of raw materials.

Regional Analysis:

North America was the dominant market for fencing in 2021, with a revenue share exceeding 34%. North America’s unabated growth in construction activity is helping it dominate the global market. More than 50,000 fence contractors are located in the United States alone.

These contractors offer materials and services all over the globe. Over the forecast period, the regional market will also experience significant growth. The regional market is expected to grow due to the growing demand from North American households for home décor products.

Over the forecast period, the Asia Pacific region market will gain momentum. The region’s growth is expected to be driven by growing consumer safety concerns and initiatives taken by different governments to improve and develop public infrastructure.

The growth of the regional market is expected to be driven by continued urbanization and the strong focus that farmers place on protecting their assets and property. It is also positive that India has increased its investment in institutional construction.

Кеу Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Companies & Market share Analysis:

This market is highly competitive and characterized by high levels of fragmentation. It is also dominated by large numbers of local manufacturers who cater to the specific needs of their customers.

Innovation and advancements in technology and design are crucial to market players in order to consolidate their market position. To consolidate their market position in a highly competitive market, market players are actively using various inorganic growth strategies such as mergers and acquisitions.

Key Market Players:

• Allied Tube & Conduit
• Ameristar Fence Products Incorporated
• Associated Materials LLC
• Bekaert
• Betafence NV
• CertainTeed Corporation
• Gregory Industries, Inc.
• Jerith Manufacturing Company Inc.
• Other Key Players

For the Fencing Market research study, the following years have been considered to estimate the market size: