The global fencing market is estimated to be valued at US$ 33,146.6 million in 2021 by products and is expected to exhibit a CAGR of 4.4 % over the forecast period (2021-2028).

Definition of Market/Industry: A fence is a structure built to prevent people from crossing a predetermined line. In terms of design, weight, and structure, they differ from the wall. The fence is used for a variety of reasons, including security, theft prevention, and keeping children and pets in a contained area, as well as to improve the aesthetics of the property and border.

Recent Happenings:

May 21st, 2020 According to HomeAdvisor, the cost of installing a wooden fence ranges from $1,673 to $3,983. Wood fences range in price from $17 to $45 per linear foot. Lumber costs between $7 and $15 per foot, while labor costs between $10 and $30 per foot. The length, height, and type of wood used in the fence are all important considerations in the cost of a new fence. Gates, hardware, and sealant are all expenses that must be factored into the project budget.

Jacksons Fencing, a Fencing Market and security solutions provider, has increased its range of high-quality goods by launching a fresh new metal post product, Mi-T, on May 21, 2021, in response to industry demand. The introduction of these new products reflects emerging market trends in the worldwide fencing industry.

Drivers:

The rise of the middle class is supporting the growth of the fencing business. The global middle class is anticipated to rise to 5.5 billion people by 2030, according to the European Commission. Asians will make up 87 percent of the additional middle-class population. The global middle class grew by 3.5 billion individuals in 2017, accounting for more than half of the world's population. It is anticipated to reach 4 billion by 2021 and 5.3 billion by 2030.

Opportunities in the Market

Over the forecast period, rising demand for residential fences is expected to provide significant market opportunities. the residential fence segment accounts for over 40% of worldwide fencing demand and is likely to continue to increase in the future. This presents considerable growth prospects for the market of new construction and remodeling. Furthermore, privacy fences are expected to experience rapid growth in the near future.


Competitive Section:

Company Names


Allied Tube & Conduit


Ameristar Fence Products Incorporated


Associated Materials LLC


Bekaert


CertainTeed Corporation


Gregory Industries, Inc.