The global fencing market is expected to reach USD 32.12 billion by 2022,
according to a new report by Grand View Research, Inc. The growing real estate
development and remodeling projects are expected to drive revenue over the
forecast period. Commercial sectors such as schools, colleges, and industrial
premises have been adopting these products to enhance security and safety.
Governments worldwide are making huge investments
for development of parks and gardens to increase aesthetic appeal. The growth
is primarily driven by increasing preference for home improvement and home
décor along with rebound in housing projects. Growing economies and rising
demand for security and safety are also expected to support fencing market
growth. Expanding residential and commercial construction activities and
growing economies are expected to drive demand over the forecast period.
Increasing preference for eco-friendly options is expected to contribute to
composite fencing industry demand.
Evolving urban lifestyles, increasing income
levels, and growing disposable incomes stimulate customers to spend on
upgrading their homes. The young generation with high income levels will prefer
innovative fencing products for their houses. With growing disposable incomes,
many middle and high income consumers prefer these products for security and
privacy. Rising price of material used in manufacturing may increase the cost
of the fences. Unlicensed vendors may pose serious threats to fencing
manufacturers.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/fencing-market
Further key findings from the report suggest:
- Material segments include metal, wood, plastic & composite, and concrete. Plastic and composite segment is expected to show high potential owing to low maintenance cost and durability. These products are also easy to install and are lightweight. Metal is expected to be the key material segment and grow with a CAGR of over 4.0% from 2015 to 2022.
- Fences are used for residential, agricultural, and industrial applications. Residential segment accounted for over 50% of overall revenue share in 2014 and is anticipated to grow at a CAGR of 4.3% from 2015 to 2022. It is expected to gain demand owing to increase in remodeling and construction products. Increasing social needs to enhance property’s looks and security concerns will also contribute to revenue growth.
- North America and Europe fencing market are expected to continue dominating global revenue share. Rising real estate and presence of regions such as India and China are estimated to drive the Asia Pacific fencing market.
- The Key players include Allied Tube & Conduit, Jerith Manufacturing Company Incorporated, Ameristar Fence Products Incorporated, Long Fence Company Incorporated, Bekaert, and CertainTeed Corporation. Other prominent vendors include Gregory Industries, Associated Materials LLC, Ply Gem Holdings Incorporated, Betafence NV, and Poly Vinyl Creations.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented the fencing
market on the basis of material, application, and region:
Material Outlook (Revenue, USD Million, 2012 – 2022)- Metal
- Wood
- Plastic and composite
- Concrete
- Residential
- Agricultural
- Industrial
- North America
- Europe
- Asia Pacific
- RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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