Transparency Market Research (TMR) has announced the addition of a new market study on the global fencing market. The report analyzes the drivers and restraints of the fencing market and the impact of these on the demand for fencing during the forecast period from 2015 to 2021. The report studies the attractiveness of the fencing market on the basis of factors such as growth rate and market size. According to the report, in terms of revenue, the fencing market is expected to reach US$29.1 bn by 2018, expanding at a CAGR of 4.40% between 2012 and 2018. The report is titled “Fencing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018.”
The report states that the primary growth driver of the fencing market is the need for security across residential, commercial, and agricultural applications. Fences are also used for aesthetic enhancement of properties or buildings. The global fencing market is thus driven by the consumer’s rising interest in home décor and improvement as well as rising concern for safety. The global increase in house construction and industrialization as well as the completion of several construction projects relatively unaffected by the recent economic slowdown is expected to bode well for the fencing market.
The global fencing market may face a strong challenge in the form of volatile pricing of raw materials. The rising energy cost will be yet another factor that could restrain the fencing market’s growth.
The global fencing market is segmented on the basis of material type, geography, and product. On the basis of geography, the fencing market is segmented into Europe, Asia Pacific, North America, and Rest of the World. Out of these regions, North America dominates the fencing market, followed by Asia Pacific and Europe. The dominance of North America is due to the growing demand for decorative and innovative home improvement products. Asia Pacific, on the other hand, is expected to be the fastest growing regional segment owing to the large number of construction projects and developments in the agricultural sector.
On the basis of material type, the global fencing market is segmented into wood fencing, metal fencing, plastic and composite fencing, and concrete fencing. The metal fencing market dominates the market, followed by wood fencing and plastic and composite fencing. Plastic and composite fencing is projected to be the fastest growing segment of the global fencing market during the period from 2012 and 2018 owing to the durability of the material and negligible repair and maintenance requirements. In terms of applications, the residential sector holds a dominant share in the global fencing market.
The report profiles the leading market players in the fencing industry such as Betafence NV, Bekaert, Jerith Manufacturing Company Limited, Associated Materials LLC, Ply Gem Holdings Incorporated, Long Fence Company Incorporated, Poly Vinyl Company Incorporated, Gregory Industries Inc., and CertainTeed. The study includes the developments, product launches, expansion plans, and partnerships and collaborations of these leading players. This detailed analysis proves to be beneficial for the new entrants as well as the existing players in the global fencing market.
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