Fencing Market Size, Share, & Trends Analysis Report By Material, By Application (Residential, Agricultural, and Industrial), By End Use, By Region, And Segment Forecasts, 2019 - 2025

Industry Insights

The fencing market size was valued at USD 26,863.5 million in 2018 and is expected to gain momentum over the coming years. Activities such as new housing construction, improvement, and remodeling work are expected to drive industry growth over the forecast period. The rise in safety and security concerns and spending carried out for the rebounding office, transportation, and commercial constructions are further expected to spur the market growth.

Fencing products may witness a rise in demand due to the growing need for improving the appearances and value of the property. Accelerating institutional construction spending is anticipated to favor the fencing industry growth. The increase in government spending for enhancing parks, public places, and government premises is further predicted to drive the demand. Factors such as cost, quality, design, and aesthetic value are among the major buying criteria.

The rising needs among farmers to safeguard their property and livestock has fueled the demand for fencing. The development of new materials that can bring down the cost and improve the durability may contribute to profitability over the forecast period. However, unlicensed contractors that use inferior products may act as a challenge for market expansion. The rise in the price of materials used, such as iron, aluminum, and wood, may restrict the industry growth over the next six years.

Material Insights

The metal material segment is anticipated to remain the major segment over the forecast period and accounted for over 50% of the overall revenue in 2018. This can be attributed to the increasing use of fences in public places and government organizations. Chain link and ornamental fences may further drive the metal fence segment.

Wood may witness inter-product competition from plastic & composite over the forecast period owing to lower costs. Durability and high maintenance costs are presumed to hinder the growth of wood products. Low cost, durability, and low maintenance may drive the demand for plastic & composite over the forecast period.

Application Insights

The residential segment is anticipated to be the key application segment over the forecast period and was valued at over USD 16,443.4 million in 2018. The increase in construction and remodeling activities is expected to drive the segment growth over the next six years.

The growing need to safeguard farm animals, crops, and farm areas from wild animals and thieves is anticipated to drive demand in the agricultural sector. The industrial segment may see growth owing to its demand from schools, colleges, and industrial premises.

End Use Insights

The military and defense end use segment is propelling the industry growth and was valued at over USD 793.1 million in 2018. The increasing need for border control and safety is expected to drive the segment growth over the forecast period. The energy & power segment is predicted to emerge as the fastest growing end use segment with a CAGR of 5.1% from 2019 to 2025.

High-security fencing is used in protecting the critical infrastructure of the power grid. Energy & power industry require ant-cut and anti-climb perimeter fencing and partitioning owing to high-security concerns. Further, increasing demand for fencing in the petroleum & chemical industry is expected to propel the market growth over the forecast period. Petroleum & chemical facilities require the most stringent protection to prevent the possibilities of injury or mass illness due to chemicals. In the case of the petroleum industry, the risk of potential toxins, explosive chemicals, caustics gases is very high; due to which the industry is witnessing high establishment of fencing across its boundaries. Numerous industries are selecting fencing with physical deterrence and which has a visually appealing design.

Regional Insights

North America and Europe are anticipated to be the key regional segments over the next six years. The growing construction activity and demand for decorative home product are estimated to contribute to the regional growth. The North American regional market accounted for over 35% of the overall revenue share in 2018.

More than 70% of the global consumption is expected from the middle-class spending of Europe and North America. The rising income levels across all sections is anticipated to lead to an increased per capita income level globally with more spending on house safety products, which represents a positive indicator for the global industry. The Asia Pacific regional market is also anticipated to gain traction over the forecast period owing to the presence of India, China, and Japan as well as the evolving agriculture sector.

Fencing Market Share Insights

The industry is highly competitive with a high degree of fragmentation and is dominated by a large number of local manufacturers catering to the needs of the customers of a particular region. Companies accounting for significant market shares include CertainTeed, Betafence, and Allied Tube & Conduit.

Existing players are extensively following various inorganic growth strategies including mergers and acquisition to consolidate their position and survive the competition. Other notable players include Tenax Group, Bekaert, Ply Gem Holdings, and Associated Materials LLC.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global fencing market report on the basis of material, application, end use, and region:

• Material Outlook (Revenue, USD Million; 2014 - 2025)

  • Metal

  • Wood

  • Plastic & Composite

  • Concrete

• Application Outlook (Revenue, USD Million; 2014 - 2025)

  • Residential

  • Agricultural

  • Industrial

• End Use Outlook (Revenue, USD Million; 2014 - 2025)

  • Government

  • Petroleum & Chemicals

  • Military & Defense

  • Mining

  • Energy & Power

  • Transport

  • Others

• Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Belgium

    • Poland

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • Saudi Arabia

    • UAE