4th
December 2018 - 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.
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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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