A structure or barrier that is used to enclose an area, usually built from posts that are connected from wire, boards, netting or rails is referred to as fencing. Fences are used in areas, where wildlife or livestock control is required or where access for people, needs to be restricted. This is also used in border security. Rising border security concerns and increasing construction activities are some of the key factors fuelling growth of the market. According to the United States Census Bureau, in U.S., the non-residential construction activities such as industrial buildings and others, accounted for US$ 276,497 Mn in 2015 and was increased by US$ 303,591 Mn in 2016. Fence manufacturers are offering an array of options for security. In July 2017, Danbury Fencing—a security and agricultural fencing manufacturer—developed an innovative product to its range of Living Fencing. The panels consists of metal grids, which has plants at the bottom and a biodegradable trough making them portable.
However, fluctuations in raw material prices such as wood, aluminum and plastics stands to be one the major factor hindering growth of the market.
Fencing Market Taxonomy:
On the basis of material type, fencing market is segmented into:
On the basis of product type, fencing market is segmented into:
On the basis of end-use industry, fencing market is segmented into:
The residential segment accounted for the dominant share in 2016, due to increasing renovation construction activities and maintenance projects. According to United States Census Bureau, in U.S., construction activities were valued at US$ 1,253,294 Mn including residential and non-residential buildings in 2017. However, use of corrugated metal, chain link (except coated and uncoated), corrugated metal and cast off materials is restricted for residential privacy fences.
Fencing Market Outlook:
Some of the major players in the fencing market are ITOCHU International Inc., Builders Fence Company, Inc., Fiberon LLC, Jerith Manufacturing Company, Inc., Richard's Fence Company, Saint-Gobain S.A., Trex Company, Inc., Merchants Metals LLC, Gregory Industries, Inc., and Ply Gem Holdings, Inc.
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