Monday, 15 April 2019

Global Fencing Market To Surpass USD 40,730 Million By 2026 - Polaris Market Research




New York 15 April 2019: The report “Fencing Market Share, Size, Trends & Industry Analysis Report By Material (Wood, Metal, Concrete, Plastic); By Application (Boundary Fencing, Privacy Fencing, Temporary Fencing); By End-User (Residential, Agriculture, Government, Defense, Transportation, Energy and Power); By Regions: Segment Forecast, 2017 - 2026” The global fencing market is expected to reach more than USD 40,730 million by 2026 with a CAGR of 5.3% during the forecast period as per a new study released by Polaris Market Research.
North America is anticipated to be the significant contributor during the forecast period. The changing lifestyle of the people owing to increase in income level, especially in the developing countries such as China and India are expected to propel the demand for Fencings market.
Evolving construction industry, increase in disposable income, and renovation of residential buildings are expected to drive the market during the forecast period. Other driving factors include the development of public infrastructure and growing safety concerns. The government is continuously investing in public infrastructures such as museums, public places, parks, and government premises and this investment is expected to support market growth further. Growing demand in developing nations is anticipated to open a new avenue for growth during the forecast period.
The increasing incidents of security breach are promoting the need for safety and security. The growing industrialization is expected to drive the market demand over the forecast period. The increasing popularity of substitutes and demand for beautified residential fences may offer new opportunities. The market is experiencing trends such as increased mergers & acquisitions and research & development activities that are critical to success.
The market can be classified on the basis of materials as metal, plastic, wood, and concrete. In 2017, the metal fencing segment was the major contributor. Growing safety and security concerns is driving the demand for metal fencing in public places, government properties, and commercial buildings.  The comparatively lower cost of plastic fences is expected to give them an advantage over other fencing materials. They are also lightweight and can be easily installed without any professional assistance. Wood fences stay unaffected for many years if properly maintained. The wooden fences are predominant in areas close to forests.
The end-use segment comprises the use of fencing in government, petroleum & chemicals, military & defense, mining, energy & power, transport, and other end-uses including data centers and enterprises.
North America accounted for majority market share in 2017 and was expected to dominate the market during the forecast period. The growing federal, and local government public spending, and high disposable income is expected to propel the demand in this region during the forecast period. The emerging trend of design and aesthetics contribute positively to market growth in the area. Asia-Pacific is expected to witness the fastest growth during the forecast period owing to increasing disposable incomes, growing need among residential sector to improve the aesthetic appeal of properties, an increase in construction of commercial buildings in this region.
The major vendors profiled in the report include Jerith Manufacturing Company Inc., Allied Tube & Conduit, Associated Materials LLC, Poly Vinyl Creations Inc., Fogarty PVC Fencing, CertainTeed Corporation, Veka AG, Hoover Fence, Ameristar Fence Products Incorporated, and Planet Polynet, among others. These industry participants have adopted various strategies, such as new product developments, partnerships, mergers and acquisitions, agreements, and collaborations, to achieve growth in the fencing market.
Polaris Market Research has segmented the global fencing market on the basis of material, application, end-user, and region:
Fencing Product Outlook (Market Revenue in USD Million, 2015 – 2026)
·         Wood
·         Metal
·         Concrete
·         Plastic
·         Others
Fencing Applications Outlook (Market Revenue in USD Million, 2015 – 2026)
·         Boundary Fencing
·         Privacy Fencing
·         Temporary Fencing
·         Others
Fencing End-user Outlook (Market Revenue in USD Million, 2015 – 2026)
·         Residential
·         Agriculture
·         Government
·         Defense
·         Transportation
·         Energy and Power
·         Others
Fencing Regional Outlook (Market Revenue in USD Million, 2015 – 2026)
·         North America [U.S., Canada]
·         Europe [Germany, UK, France, Italy, Spain, Belgium, Netherlands, Rest of Europe]
·         Asia-Pacific [China, India, Japan, South Korea, Singapore, Malaysia, Rest of Asia-Pacific]
·         Latin America [ Brazil, Mexico, Argentina, Rest of Latin America]
·         Middle East and Africa [Israel, South Africa, Saudi Arabia, UAE, Rest of MEA]
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Web: www.polarismarketresearch.com

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