ALBANY, New York, Dec. 27, 2017 (GLOBE NEWSWIRE) -- There are various ways in which savvy companies are trying to stay ahead of the curve in the global market for fencing. One of them is by trying to focus on end-to-end, improved solutions. Besides, they are also emphasizing on better customer service. Product development is another way through which they are attempting to up sales and revenues.
Some of the prominent names operating in the global fencing market are Allied Tube and Conduit, Jerith Manufacturing Company Inc., Ameristar Fence Products Inc., Betafence NV, Associated Materials LLC, Bekaert, Long Fence Company Inc., Ply Gem Holdings Inc., Gregory Industries Inc., and CertainTeed Corporation.
A report by Transparency Market Research finds that the global fencing market will progress at a lackluster pace in the next couple of years. It forecasts it to register a CAGR of 4.5% between 2017 and 2025 to attain a value of US$36.0 bn by 2025.
Key end-users in the global fencing market are agriculture, residential, industrial, etc. Among them, the segment of agriculture and residential account for a leading share in the market and in the years ahead too are expected to maintain their leading positions by expanding at a healthy clip. The residential sector, for example, is expected to register a CAGR of 4.8% in the forecast period on the back of rising construction activities.
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South America, North America, Asia Pacific, Europe, and the Middle East and Africa are some of the key regions in the global fencing market. North America, of them, held the maximum share of 32.0% in 2016. The market in the region is being stoked by the soaring industrial and residential construction projects. Apart from that a rising number of pet owners too are pushing up demand for fencing.
Residential Constructions Push up Demand
At the forefront of driving growth in the global fencing market is the ever-increasing construction activities in the real estate sector. Fences find application both for the security they provide and also for their visual appeal. Rapid construction of commercial establishments such as malls, along with factories, and offices worldwide is helping the market grow steadily. Apart from that, efforts by authorities to green cities by building parks and gardens, is also pushing up demand for fencing. Fencing finds application in animal husbandry and agricultural sectors too, in order to better protect animals, crops, and property.
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Constant Product Development Helps to Generate Sales
Apart from the above end-use segments, the global fencing market is also being boosted by constant technological progress leading to the emergence of new materials that have greater durability and other improved functionalities and features. “Fences are being made with high-tech materials such as high tensile polymer rail and electro-plastic twine for better shielding. This is because such materials are rigid,” explains the lead analyst of the TMR report.
The latest rage in the global fencing market is electrified fence that give electric shocks and invisible fence that leverages digital radio frequencies to operate. These fences are seeing swift uptake in military and prison areas for high security.
This review is based on the findings of a TMR report, titled, “Fencing Market (Product - Agricultural/Livestock Wire Fence and Commercial Wire Fence; Material - Metal Fencing, Wood Fencing, Plastic and Composite Fencing, and Concrete Fencing; End-User - Residential, Agriculture, and Industrial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”
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