The Latin America, Middle East and Africa Fencing Market would witness market growth of 8.5% CAGR during the forecast period (2021-2027).
Eco-friendly fence materials are predicted to gain favour as environmental awareness grows. However, because these eco-friendly fences demand a lot of upkeep, there is a trend toward low-maintenance fences like vinyl. Furthermore, plastic fences are less expensive, lighter, and easier to implement without the aid of an expert. Farmers are more concerned with protecting their property and cattle and, as a result, are investing in fence. In the last few years, the discovery of novel materials that incur less cost with enhanced durability would help to boost the product profitability.
Various governments throughout the world are substantially investing in numerous construction firms and their initiatives to build parks, public areas, and government offices. Many firms in the worldwide fencing market are realizing that there are ample opportunities to be leveraged in this market. As a result the market participants are investing substantially in R&D activities to attempt to build and offer higher-quality fences that will enable them to gain stronger foothold in the market.
The increasing use of electric fencing for military base security in the UAE is likely to drive the demand for fencing in this region over the forecast period. Increased usage of border fence for border security to prevent smuggling of products and drug trafficking would compel government to install fencing in the Middle East and Africa. The regional market players are introducing a wide portfolio to cater overall demand across this region.
Animals pose a constant threat on unsecured highways. Highways and motorways are being strengthened with a chain link fence along the way to avoid such dangers. Thus, the rising projects of highways in the underdeveloped countries would escalate the growth of the regional market.
The Brazil market dominated the LAMEA Fencing Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $786.5 million by 2027. The Argentina market is estimated to witness a CAGR of 9.1% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 8.3% during (2021 - 2027).
Based on Installation, the market is segmented into Contractor and Do-It-Yourself. Based on End Use, the market is segmented into Military & Defense, Petroleum & Chemicals, Transport, Government, Energy & Power, Mining, and Others. Based on Application, the market is segmented into Residential, Agricultural and Industrial. Based on Distribution Channel, the market is segmented into Retail and Online. Based on Material, the market is segmented into Metal, Wood, Concrete and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Fencing Market is Predict to reach $37.6 Billion by 2027, at a CAGR of 4.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Saint-Gobain Group (CertainTeed), Allied Tube & Conduit (Atkore, Inc.), Ameristar Perimeter Security (ASSA ABLOY), N.V. Bekaert S.A., Betafence Group, Gregory Industries, Inc., Long Fence, Inc., Ply Gem Industries, Inc., and Poly Vinyl Creations, Inc.
By Installation
By End Use
By Application
By Distribution Channel
By Material
By Country
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