New York (US), May 16, 2023 (GLOBE NEWSWIRE) -- Fencing Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Fencing Market Information by Material, Product, End-user, and Region - Forecast till 2030”, Fencing Market could thrive at a rate of 10.17% between 2023 and 2030. The market size will be reaching around USD 35.12 Million by the end of the year 2030
Market Synopsis
Fencing is a sport that involves two competitors using a sword to score points by hitting each other with the tip or edge of the blade. The sport originated in Europe and has become popular worldwide, with numerous national and international competitions held every year. In addition to being a competitive sport, fencing also has applications in theatrical performances and as a form of exercise.
Fencing has a wide range of uses and applications beyond the competitive sport. It is often used in theatrical performances to simulate sword fights and other combat scenes. Fencing can also be used as a form of exercise, as it requires a high level of physical fitness and develops strength, speed, and agility. Some people also practice fencing as a form of self-defense or as a hobby.
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Market Competitive Landscape:
The affluent companies in the Fencing industry include
- Betafence NV
- Jerith Manufacturing Company Inc.
- Long Fence Company Inc.
- Associated Materials LLC
- Certain
- Teed Corporation
- Gregory Industries Inc.
- Bekaert
- Jacksons Fencing
- Long Fence Company Inc.
- Associated Materials LLC
- Ply Gem Holdings Inc
- Allied tube and conduit
- Among others.
Report Scope:
| Report Attribute | Details |
| Market Size | USD 35.12 Billion |
| CAGR | 10.17% (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2018 & 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material, Prodcut, End User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Key Market Drivers | Growing the new residential building and remodeling/renovation projects Growing popularity of synthetic fence |
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Market USP Covered:
Market Drivers:
Fencing is its popularity as a competitive sport. Fencing is a unique and exciting sport that has a loyal following of athletes, coaches, and fans around the world. Another market-driving factor is the increasing interest in sword fighting and medieval combat, which has led to a rise in demand for fencing equipment and training.
Another factor driving the fencing market is the growing popularity of the sport in Asia. Fencing has traditionally been dominated by European countries, but in recent years, countries such as China, South Korea, and Japan have become major players in the sport. This has led to an increase in demand for fencing equipment and training in the region.
Market Restraints:
The fencing is the cost of equipment and training. Fencing requires specialized equipment, including a mask, jacket, glove, and sword, which can be expensive. In addition, training with a qualified coach can also be costly. This can make fencing inaccessible to some people and limit its market potential.
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COVID 19 Analysis
The COVID-19 pandemic had a significant impact on the fencing market, as it did on many other sports and industries. Competitions were canceled or postponed, and training was disrupted due to lockdowns and social distancing measures. However, the pandemic also led to a surge in interest in home fencing equipment and online training, as people looked for ways to stay active and practice their skills at home.
Post-COVID, the fencing market is expected to rebound as competitions resume and training facilities reopen. The growing popularity of the sport in Asia is also expected to drive growth in the market.
Market Segmentation
By Material
The Material in the market includes Concrete, Plastic & Composites, Wood, Metal, and others
By Product
The Product in the market includes Hinge-joint Fence, Electric Fence, Welded Fence, and others
By End-user
The Product in the market includes Residential, Commercial, Industrial, and Agricultural
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Regional Insights
Europe is the largest market for fencing, with the sport having a long and rich history in countries such as Italy, France, and Russia. Fencing is deeply ingrained in the culture of these countries, and there is a strong emphasis on the development of young fencers. The European Fencing Confederation (EFC) is the governing body for fencing in Europe, and it organizes a range of international tournaments and championships, including the European Championships and the World Fencing Championships.
North America is another major market for fencing, with the US producing many world-class fencers. Fencing has a strong tradition in the United States, with colleges and universities offering fencing programs and tournaments. The United States Fencing Association (USFA) is the governing body for fencing in the United States, and it organizes a range of events, including national and international tournaments, as well as training programs for coaches and referees.
The Asia-Pacific region is an emerging market for fencing, with countries such as China, South Korea, and Japan becoming increasingly competitive in the sport. Fencing is a growing sport in the region, with many young people taking up the sport and local and national federations working to develop the sport. The Asian Fencing Confederation (AFC) is the governing body for fencing in Asia, and it organizes a range of events, including the Asian Fencing Championships and the Asian Games.
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