Global Fence Market expected to grow at a significant CAGR in the
upcoming years as the scope and its applications are rising enormously across
the globe. A fence is constructed from posts that are connected by netting,
boards, wire, or rails that enclose an area, mainly outdoors. A barrier
prevents escape of intrusion and to mark a boundary. Prominent factors that are
playing a major role in the growth of Fence Market are rising institutional
construction, a government initiative for enhancing government premises, parks,
and public places.
Fence Market segmented based on material type,
application, end users, and region. Material type into Concrete, Metal, Plastic
& Composite, Wood, and others classify Fence Market. The metal segment
accounted for the largest market share of Fence Market and led the overall
market over the period. The reason being, rising usage of fences in government
organizations and public places. Followed by Wood and Plastic & Composite
segment. Application into Industrial, Residential, Agricultural, and others
classify Fence Market.
The residential segment accounted for the largest
markets share of Fence Market and led the overall market over the period. The
reason being, rising construction and remodeling activities. Followed by
Agricultural and Industrial segment. End user into Transport, Government,
Energy & Power, Petroleum & Chemicals, Mining, Military & Defense,
and others classify Fence Market. Military and defense segment accounted for
the largest market share of Fence Market as growing need for border control
safety. On the other hand, energy and power segment estimated to grow at
fastest pace over the period.
Fencing Industry segmented, geographically into
America (North America, South America), Europe (Eastern Europe, Western
Europe), Asia Pacific, Latin America, Middle East and Africa. Globally, North
American regional market accounted for the largest market share of Fence
Industry in terms of revenue and led the overall market over the period. It
estimated to grow at highest CAGR over the period. The reason being, rising
construction activity and demand for the decorative home product.
Followed by Europe and Asia Pacific. On the other
hand, Asia Pacific regional market estimated to grow at fastest pace over the
period. This is mainly due to, progress in the agricultural sector and rising
number of construction projects. The key players of Fencing Industry are Poly
Vinyl Creations, Allied Tube & Conduit, Betafence NV, Jerith Manufacturing
Company Incorporated, Ply Gem Holdings Incorporated, Ameristar Fence Products
Incorporated, Associated Materials LLC, Long Fence Company Incorporated,
Gregory Industries, CertainTeed Corporation and Bekaert.
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