Published Date: 28-Feb-2022
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According to a new report Global Fencing Market, published by KBV research, The Global Fencing Market size is expected to reach $37.6 billion by 2027, rising at a market growth of 4.8% CAGR during the forecast period.
The Do-It-Yourself segment shows high growth rate of 8.2% during (2021 - 2027). Several Do-It-Yourself (DIY) kits are available in various retail stores. Vinyl fences are typically sold in DIY installation kits since they are the easiest to install.
The Military & Defense market is leading the Global Fencing Market by End Use 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $9.8 billion by 2027. The growing requirement for border control and security is likely to fuel fence growth during the forecast period. High-security fence is utilized to protect the power grid's essential infrastructure. Due to high-security considerations, the energy and power sector necessitates anti-cut and anti-climb perimeter fencing and partitioning.
The Residential market is generating high revenue in the Global Fencing Market by Application 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $13.5 billion by 2027. Over the forecast period, increased construction and renovation projects are likely to boost segment growth. Moreover, increase in disposable income and rising consumer interest on home repair activities are expected to fuel demand for residential fencing.
The Online market has high growth rate of 6.4% during (2021 - 2027). Establishing an online distribution channel is far less expensive than opening a retail store. Furthermore, increased awareness regarding the benefits of online channels motivates manufacturers to leverage the online distribution channel.
The Metal market acquired the high revenue share the Global Fencing Market by Material 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $18.4 billion by 2027. This is due to an increase in the usage of fences in government entities and public places. Chain link and decorative fences may propel the expansion of the metal fencing industry even further.
The North America market dominated the Global Fencing Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $12.7 billion by 2027. The Europe market is estimated to witness a CAGR of 4% during (2021 - 2027). Additionally, The Asia Pacific market would showcase a CAGR of 6.4% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/fencing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 End Use
By Distribution Channel
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