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Fencing Market Business Opportunities & Global Industry Analysis by 2023

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Mayur Yewale
Fencing Market Business Opportunities & Global Industry Analysis by 2023

The data experts at Market Research Future Reports (MRFR), the global fencing market is projected to experience a CAGR of 5.12% and value approximately USD 26.51 billion during the assessment period. The growing demand for new residential buildings and the renovation projects are estimated to drive the global fencing market 2020. Also, escalating urbanization is another pivotal factor leading to market growth. Besides, the growing demand and popularity for the synthetic fence are further propelling the demand for a temporary fence, wire mesh, portable fence. In addition, the growing inclination on aesthetics and safety capabilities related to fencing is predicted further to drive the global market in the forthcoming period. Moreover, the increasing technological advancement has resulted in the high demand from the field of defence. In addition, the increasing incidents of theft have further augmented the global fencing market.  

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Market Segmentation  

On the basis of material, the global fencing market can be distinguished into plastic & composites, concrete, wood, metal, and others.  

On the basis of product, the global fencing market can be distinguished into an electric fence, welded fence, hinge-joint fence, and others. 

On the basis of end-user, the global fencing market can be distinguished into commercial, residential, industrial, and agricultural. 

On the basis of region, the global fencing market can be distinguished into North America, Europe, Asia-pacific, and Rest of the world (RoW). 

Regional Study

The fencing market in North America observes multiple innovations, with respect to manufacturing and technology in the construction industry. A strong distribution network along with a robust manufacturing lineup gives way to launch of products that are more advanced, which boosts the customer base in the fencing market. The regional market is thriving on the back of a steady economy combined with a developed real estate sector across the United States (U.S) and Canada.

The APAC market is going strength to strength on a global scale, as a result of the advancing agricultural industry in India as well as China and the consequent rise in the demand for fencing by farmers. The surge in urbanization and the increasing spending on fencing by diverse institutes in India can induce market growth to a large extent. The soaring need for fencing bridges along with boom in highway construction also speeds up the market expansion rate across the region.

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Eminent Companies

Eminent companies identified in the report include Jerith Manufacturing Company Inc. (US), Betafence NV (Belgium), Long Fence Company Inc. (US), Associated Materials LLC (US), Gregory Industries Inc. (US), Allied Tube and Conduit (US), Bekaert (Belgium), Long Fence Company Inc. (US), Ply Gem Holdings Inc. (US), Ameristar Fence Products Inc. (US), CertainTeed Corporation (US), Associated Materials LLC (US), and more.

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