February 25, 2013
According to a new market report published by Transparency Market Research (
), "Fencing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global fencing market is expected to reach
USD 29.1 billion
by 2018, growing at a CAGR of 4.4% from 2012 to 2018. The metal fencing market is in a commanding position owing to a wide range of products available under this category.
Browse the full report at
The global fencing market is largely driven by factors such as the rising consumer interest in home improvement and home décor and the need for security and safety. Expanding residential construction and growing economies across the globe are also supporting the growth of the fencing market. The increasing demand for residential fences and the growing acceptance and popularity of synthetic alternatives will serve as an opportunity for the fencing industry. The global fencing market is affected by the fluctuating raw material prices and the rising energy cost.
The fencing market is segmented into two major categories based on product type into agricultural wire fence and commercial wire fence. Based on material type, the market is divided into four segments, namely metal, wood, plastic & composite and concrete fencing. The end use segments covered in this report are residential, agricultural and the industrial sector. The market is further segmented by geography into
and Rest of the World regions.
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Of the four major fencing materials, metal fencing accounted for more than half of the entire fencing market in 2012 due to an increasing demand for security and safety. The plastic & composite fencing market is expected to be the fastest growing segment in the coming years due to increasing demand, especially from residential buyers. Growth in the metal fencing market is primarily driven by continued interest in ornamental, chain link and barbed wire fencing across different end user segments. The wood fencing market includes assembled fences, unassembled fences and other wood fences. The market for wood fencing is the second largest segment and is expected to grow at a moderate growth rate from 2012 to 2018. The vinyl fence, a type of plastic fence, is expected to be the fastest growing segment due to its ease of repair, maintenance, eye-catching appearance and long-term durability.