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Global Fencing Market to Grow at a CAGR of 6.4% During 2022-2027, Aided by the Rising Application of Fence in the Industrial Sector

According to a new report by EMR titled, ‘Global Fencing Market Report and Forecast 2022-2027’, the global fencing industry stood at a value of around USD 28 billion in 2020. The market is further expected to grow at a CAGR of 6.4% in the forecast period of 2022-2027, driven by the rising application in the industrial sector.

The fencing market is driven by the rising application of fence in the industrial sector. Machine safety in manufacturing is of utmost importance. Proper fencing provides security and protection to the machinery, equipment, and employees as well. Safety fencing systems in various industries are used as a physical barrier between equipment operators and potentially dangerous machines, in order to prevent catastrophic accidents which have the potential to kill or severely injure the employees. Industrial fencing also protects the equipment from being theft or being misused by an outsider.

In terms of region, North America is likely to account for a significant share in the market, owing to the rising demand for fence from the residential and agricultural sector. The growing efforts by the real-estate housing in countries, like Canada and United States of America, is anticipated to bolster the global fencing industry, owing to the growing need for safety and security of the elderly population. In terms of agriculture, the growing demand for fence in the farming industry is likely to aid the market growth in the region. The fence used towards farming protects the crops from wild animals or herbivores, such as deer, antelope, and panda, among others.

In June 2021, Bekaert (EBR: BEKB) announced the expansion of its Bekaert Lipetsk plant in Russia. The expansion of the plant will be focused on bolstering the new production line of bead wire, and expansion of the current tire cord manufacturing capacity. The agricultural portfolio of Bekaert includes barbed wire, field fence, fixed knot, smooth wire, non-climb fencing, along with a wide range of fence accessories. The Benzinal coated steel wire, offered by the company, happens to be corrosion and heat resistance, and is likely to witness a high demand for the border protection in conflicted areas.

Market Breakup by Materials, Distribution Channels, Installation, Applications, End-Uses, and Region:

  • The market is segmented on the basis of material into metal, wood, plastic and composite, and concrete.
  • The distribution channels of the product can be divided into retail and online.
  • On the basis of installation, the market is segmented into do-it-yourself and contractor.
  • The major applications of the product residential, agricultural, and industrial.
  • By end-use, the market has been divided into government, petroleum and chemicals, military and defence, mining, energy and power, and transport, among others.
  • Region-wise, the global market for fencing can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The market for fencing is driven by the thriving demand from the residential sector, owing to the rising population and the growing need to enhance the safety and security of the house.
  • The market is anticipated to be augmented by the booming agricultural sector, which requires fencing for crop protection from the wild animals.
  • The market will be aided by the growing demand for fencing in the conflicted areas, in order to protect borders from intruders.
  • The market will further be bolstered by the rapid advancements in the industrial sector. Industrial fencing is important as it can prevent accidents or injuries.

Key Offerings of the Report:

  • The EMR report gives an overview of the global fencing market for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the    materials, distribution channels, installation, applications, end-uses, and major regions of fencing.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the fencing industry include Atkore International, Ameristar Perimeter Security, Bekaert, Betafence, CertainTeed Corporation, and Gregory Industries, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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