New York, NY, Sept. 05, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Fencing Market By Material (Concrete Fencing, Plastic and Composite Fencing, Wood Fencing, Metal Fencing, and Others), and By End-User (Industrial, Commercial, Residential, and Agricultural): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, the global fencing market was valued at around USD 25,489.53 million in 2017 and is expected to reach approximately USD 35,810.36 Million by 2024, growing at a CAGR of around 4.92% between 2018 and 2024.
The fence is a structure that encloses a region of ground to mark a boundary. A fence is a railing, barrier, or other upright structure, usually made up of wire or wood, enclosing an area, typically outdoors, in order to control access or prevent escape. The difference between a fence and a wall is fence does not have a whole length solid foundation. A fence has wide functions across all the segments including a railing or balustrade fence, snow fence, pool fence, pest-exclusion fence, pet fence, drift fencing or turtle fence, amphibian fencing, newt fencing, boundary fencing, decorative fencing, perimeter fencing, temporary fencing, privacy fencing, crowd control barrier acoustic fencing, and agricultural fencing.
Browse through 37 Tables & 21 Figures spread over 110 Pages and in-depth TOC on “Global Fencing Market Size & Trends 2017 Analysis: By Type, Industry Share, Segments and Forecast to 2024”.
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Major factors driving the global fencing market include high residential renovations and increasing construction projects. However, market maturity can be a factor hindering the global fencing market over the forecast period. Additionally, demand for a ditch, either forming a moat or sometimes filled with water can be a substitute for fencing. This can also create a hindrance for the global fencing market over the forecast period. Nevertheless, factors such as growth in real estates and remodeling projects and increasing governmental investments for promoting safety and security are anticipated propelling the growth of the market across the globe.
On the basis of material, the global fencing market is classified as concrete fencing, plastic and composite fencing, wood fencing, metal fencing, and others. Among the aforementioned segments, the metal fencing segment is anticipated to account for the relatively high-value share over the forecast period, owing to the high strength of the mental fencing as compared to other segments.
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The end user segments of the global fencing market include industrial, commercial, residential, and agricultural. The residential segment is projected to account for a dominating share in the global fencing market over the forecast period. The agricultural fence is also called as livestock wire fence. The agricultural segment is sub-classified into an electric fence, hinge joint fence, and other agricultural wire fences. Commercial wire fence segment includes chain link fence, welded wire fence, and other commercial wire fences.
By geography, the fencing market is mainly segmented into the Middle East & Africa, Asia Pacific, Europe, Latin America, and North America. Among the aforementioned regions, Asia Pacific fencing market is likely to expand at a rapid rate. The emerging economies of the region including China, India, etc. are major markets for fencing and are anticipated to expand at a substantial rate over the forecast period. Increasing construction activities in the Asia Pacific is anticipated to propel the growth of the global fencing market over the forecast period. The remarkable rise in the disposable income and the huge population base also has major impacts on the fencing market across the region.
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Latin America and the Middle East and Africa fencing market are anticipated to account for comparatively low-value share along with relatively low growth rate over the forecast period. Nevertheless, increasing per capita income in the region is anticipated to fuel the growth of the fencing market in the near future.
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Some of the key manufacturers involved in the global fencing market are Betafence NV, Jerith Manufacturing Company Inc., CertainTeed Corporation, Gregory Industries Inc., Ply Gem Holdings Inc., Bekaert, Long Fence Company Inc., Associated Materials LLC, Ameristar Fence Products Inc., and Allied Tube and Conduit. The report includes detailed profiles including a company overview, key developments, business strategies, financial overview, etc. of key players operating in the global market.
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This report segments the Global Fencing Market as follows:
Global Fencing Market: By Material Segment Analysis
- Concrete Fencing
- Plastic and Composite Fencing
- Wood Fencing
- Metal Fencing
- Others
Global Fencing Market: End-User Segment Analysis
- Industrial
- Commercial
- Residential
- Agricultural
Global Fencing Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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