The global fencing market is expected to reach USD 29.1 billion by 2018, growing at a CAGR of 4.4% from 2012 to 2018.
Albany, NY -- (SBWIRE) -- 03/16/2016 -- According to Transparency Market Research's new market research report, titled 'Fencing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018', the global fencing market is expected to grow at a moderate rate in the forecast period between 2012 and 2018. Nowadays, the metal fencing market is in a leading position owing to the wide range of products available in this market. This is one of the main factors pushing the growth of the global fencing market. The global market is expected to reach US$29.1 bn by 2018, rising at a CAGR of 4.40% from 2012 to 2018.
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Fences are created and used for a variety of reasons. The primary reason is the security they offer across commercial, residential, and agricultural construction. Fences are also typically used to enhance the aesthetics of construction properties and buildings. Driven by the growing concern for safety and security as well as the rise in consumer interest in home décor and home improvement, the market for fencing is expected to continue its growth run.
This report by TMR on the fencing market provides in-depth analysis, market shares, market sizes, and data about the market's segmentation across the globe. It also discusses the market drivers, restraints, market trends, opportunities, consumer behavior analysis, and product price trends affecting the fencing market.The market has been segmented based on the type of material used for fencing, product types, and end-use industry. By product type, the global market for fencing is segmented into two major categories – commercial wire fence and agricultural wire fence. In terms of end-use segments, fencing products are majorly used in the agricultural, residential, and industrial sectors.
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The pressing need for residential fences and the use of synthetic alternatives is rapidly growing in the global residential construction sector. These factors serve as a great opportunity for the global fencing industry. The economic growth of countries across the globe is also propelling the fencing market.On the other hand, the need for commercial wire fences is dominant across housing and building construction projects. This is due to the rising demand for security and safety in construction areas.All the above mentioned factors are expected to fuel the demand for fencing products in residential and construction projects in the coming years. In contrast to the residential and industrial segments, the livestock or agricultural wire fence segment is another upcoming segment of the global fencing market. Growth of this segment is expected at a relatively slow pace during the forecast period.
To aid in strategic decision making, the scope of the report includes competitive analysis of all the above market segments and sub-segments by geography and product launches in the global market. The report also studies the market by material type and includes wood, metal, plastic and composite, and concrete fencing as the four major segments of the market. Among these four major fencing materials, the metal fencing material took up the maximum share of the fencing market in 2012. Growth of this segment was primarily due to the demand for barbed wire fencing, which offer greater security than many other types of fences. According to the analysis, metal fencing materials are expected to enjoy high demand until the end of the forecast period.
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