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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