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Fencing Market

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Asia Pacific is expected to exhibit significant growth in the global fencing market, owing to increasing construction activity.
Fencing Market - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2018-2026
A structure or barrier that is used to enclose an area, usually built from posts that are
connected from wire, boards, netting or rails is referred to as fencing. Fences are
used in areas, where wildlife or livestock control is required or where access for
people, needs to be restricted. This is also used in border security. Rising border
security concerns and increasing construction activities are some of the key factors
fuelling growth of the market. According to the United States Census Bureau, in
U.S., the non-residential construction activities such as industrial buildings and
others, accounted for US$ 276,497 Mn in 2015 and was increased by US$ 303,591
Mn in 2016. Fence manufacturers are offering an array of options for security. In July
2017,
Danbury
Fencing—a
security
and
agricultural
fencing
manufacturer—developed an innovative product to its range of Living Fencing. The
panels consists of metal grids, which has plants at the bottom and a biodegradable
trough making them portable.
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However, fluctuations in raw material prices such as wood, aluminum and plastics
stands to be one the major factor hindering growth of the market.
The residential segment accounted for the dominant share in 2016, due to increasing
renovation construction activities and maintenance projects. According to United
States Census Bureau, in U.S., construction activities were valued at US$ 1,253,294
Mn including residential and non-residential buildings in 2017. However, use of
corrugated metal, chain link (except coated and uncoated), corrugated metal and
cast off materials is restricted for residential privacy fences.
Fencing Market Outlook:
North America dominated the global fencing market in 2016 and is expected to retain
market dominance throughout the forecast period. Rising installation of high value
fences such as plastics & composite and ornamental fencing, owing to high
resistance to rotting is expected to drive the market growth in this region. According
to Association of Plastic Manufacturers, in 2015, the global production of plastic
increased by 3.4% as compared to 2014 and is expected to increase three times by
2050. However, installation of fences require permits and this could be a factor
hindering the market growth. For instance, according to the Government of
Miami-Dade County, installation of fences require permits and its height should not
exceed over six feet.
Asia Pacific is expected to exhibit significant growth in the global fencing market,
owing to increasing construction activity. According to Indian Brand Equity
Foundation — a trust established by the Department of Commerce, Ministry of
Commerce and Industry — Foreign Direct investment (FDI) accounted for US$ 9.82
billion for construction development sector and infrastructure activities sector in
2017. Furthermore, availability of low cost fences is expected to propel the market
growth over the forecast period.
According to South Asia Terrorism Portal, fencing is one of the important
constituents of maintaining security along the borders to minimize infiltration. For
instance, in 2017, the U.S. government announced plans to develop concrete
fencing barrier to restrict people from entering the country. This positively affects
growth of fencing market.
Fencing manufacturers are adopting various strategies such as partnerships and
acquisitions, to sustain their market position. In October 2017, U.S. Fence Solutions
— a subsidiary of Spilt Rail Fence & Supply Company — acquired Brother’s Fence
Company and Ideal Fencing Corporation to expand in commercial and residential
fencing installations.
Some of the major players in the fencing market are ITOCHU International Inc.,
Builders Fence Company, Inc., Fiberon LLC, Jerith Manufacturing Company, Inc.,
Richard's Fence Company, Saint-Gobain S.A., Trex Company, Inc., Merchants
Metals LLC, Gregory Industries, Inc., and Ply Gem Holdings, Inc.
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Author
apeksha motghare
apeksha motghare455   documents Email
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