FENCING MARKET INDUSTRY INSIGHTS
The global fencing market size to reach USD 42.12 billion by 2026, growing at a CAGR of 7.83% during the forecast period. Homeowners are seeking higher security and privacy, which is driving the demand in the residential market. The rise in commercial and residential building projects is increasing the demand for fencing. The high acceptance of PVC and other plastic materials are gaining traction in the global market. Metals segment to dominate owing to the increasing demand for barbed wire fences that provide higher security. The construction industry is one of the highest revenue generators in the market.
Virtual fencing is the latest innovation in the market. This solution enables remote fencing and allows animals to move, which provides access to good and varied pastureland. The virtual technology reduces the time taken by farmers to rotate cattle, thereby creating high growth in the fencing market. For instance, smarter fencing technology launched by Bedford is truly a low-maintenance product that does not necessitate staining or painting and won’t decay or crack. This kind of innovation is expected to drive growth opportunities for the manufactures in the market.
The recent trend of beautifying residents and commercial buildings is surging the demand for fencing globally. The fence around the house adds the overall effect, emphasizing the housing structure and setting the line of control for the people. The application of wood fences is prevalent in rural and semi-urban areas in the US and Canada. The continuous government investment towards public infrastructures such as government premises, public places, museums, and parks supports the growth of the fencing market worldwide.
- The metal fencing segment has a higher potential in Europe and North America and will generate incremental revenue of over USD 8 billion during the forecast period.
- Among the largest private non-residential segments, manufacturing and industrial construction have increased by around 4%, and the steel-based fences have significant demand in the US market.
- With a share of over 17%, UK occupies the largest market in the European region to install a fence in new construction and renovation activities, followed by Germany and France.
- Online distribution channels help maintain and develop enhanced customer relations and witness an additional revenue of around USD 3 billion during the forecast period.
FENCING MARKET GROWTH ENABLERS
- The border barriers significantly increase the security in the restive border areas, which drives the demand for fencing at the national borders.
- Technologies such as laser fences and drones are cost-effective agricultural management practices for stopping the animals from intervening in the fields, boosting growth in the market.
- Home expansions soared by around 52%, and privacy and security witnessed higher demand creating interest in fence installation and restorations of fencing increase by about 166%.
- Players boost profitability and growth in the fencing market by practicing efficient production techniques that minimize production costs and mitigate associated risks.
FENCING MARKET SEGMENTATION
This research report includes a detailed segmentation by
- Distribution Channel
INSIGHTS BY MATERIAL
In 2020, the global metal fencing market was valued at around USD 13 billion.
According to the environmental concerns, aluminum in the metal segment is experiencing higher application as it has a higher recycling rate and lighter in weight compared to other metals. A high-performance metal fence is widely used in small industries as high-security applications where speed and production flow are higher, and safety is crucial. In India, Vedanta was the largest producer in the fencing industry, producing around 2.3 million tons.
The growing trend for vintage architecture boosts the demand for high-quality local and imported wood in the market. The demand for wood used in fences has been higher in Western Europe and Nordic countries.
INSIGHTS BY INSTALLATION
The contractor fencing installation segment will likely witness an incremental revenue of around USD 13 billion by 2026.
Fence installation contractor is providing various advantages to business owners and homeowners. For big house projects, professionals are best for installing fences. Expert advice saves from costly fence installation errors, thereby fueling contractor fencing across the globe. The fencing professionals are acquainted with the legal requirements and ensuring their work adheres to regulations. The global contractor fencing market is growing at a CAGR of around 8% during the forecast period.
INSIGHTS BY DISTRIBUTION CHANNEL
In 2020, the retail distribution channel segment dominated around 80% of the fencing market share.
Retail sales of fences are higher than online sales, as consumers prefer to shop for the fences in retail stores. Distributors often select the offline retail channel as it enables them to operate their business without high investments in marketing funds. The sudden outbreak of the COVID-19 pandemic is fueling heavy demand in the online distribution channels due to the restrictions imposed by the government agencies. Currently, the traditional retail segment faces intense competition from the online segment due to growing internet penetration.
INSIGHTS BY TYPE
The global fixed fencing market is expected to reach over USD 33 billion by 2026.
Fixed fencing surrounds the perimeter of the land and is best suited for long-term use. The fixed fencing is well suited for long-term use and holds the animals much more effectively. Brick wall fence is most traditional, standard, and majorly used in yard fencing and is mainly preferred in residential colonies in India.
Construction sites are the most common places where the temporary fence is used, as it only requires till the construction work is completed. Baby gates or safety fences are temporary constructions that can be moved across the house. These fences can either be installed for a longer duration or shifted as per the consumer requirement. Temporary fencing is flexible compared to fixed ones, and the growth of these fencing is mainly increasing while conducting several outdoor events.
INSIGHTS BY END-USE
The demand for new fencing for installations in renovation projects is the highest in Southern Europe.
The growth for residential fencing in new construction projects is a significant driver to initiate new opportunities for the players. However, the demand for renovation and retrofit projects is relatively high across Europe. Government-funded projects are focused on high-cost efficiency, thus increasing the demand for plastic fences. Plastic fences are highly cost and thermally efficient than wood and metal counterparts. Chain link fence is becoming popular in the residential market as it requires low maintenance and low cost that keeps unwelcome guests away from your property.
INSIGHTS BY GEOGRAPHY
In 2020, the fencing market in North America was valued at around USD 10 billion.
Strong economic growth in the US and Canada, developments in industrial sectors, and company expansions drive fencing sales in North America. With an increased product sale across the region, the demand for the fencing is anticipated to be high in North America during the forecast period.
In emerging markets of Central and Eastern Europe, rapidly developing infrastructure and construction output drive the growth of the European fence market. In big markets such as Germany, France, the UK, Italy, and the Nordic, the market's growth is mainly driven by product innovations introduced by the key players.
Vendors focus on developing fences with high functionalities and upgrading to keep pace with the latest technological developments and sustain competitive advantage in the market. Bekaert, Associated Materials, Ameristar Perimeter Security, and Poly Vinyl Creations are the key players in the fencing industry. The growth of the players in the market depends on its condition, economic growth, and industry development. Market vendors must introduce and invest in various products to survive and succeed in a competitive environment. Prominent vendors in the market are looking to pursue growth through acquisitions as there are numerous small-scale vendors active in towns and smaller regions.
The global fencing market research report includes in-depth coverage of industry analysis with revenue and forecast insights for the following:
Segmentation by Material
Segmentation by Installation
- Do-it-Yourself (DIY)
Segmentation by Distribution Channel
Segmentation by Type
Segmentation by End-Use
- Military & Defense
- Petroleum & Chemicals
- Energy & Power
- Warehouse & Storage
Segmentation by Geography
- North America
- South Korea
- Latin America
- Middle East & Africa