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.
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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.
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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.
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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]
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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,
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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
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comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver
value-added business solutions to our customers.
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