Fencing is the process of providing an enclosure to any property that requires protection and security from undesired activities. Fences are put into use and employed to provide safety to commercial, agricultural and residential constructions. Fences are generally classified into two type namely commercial wire fence and agriculture wire fence. Commercial wire fencing is commonly used for the safety purpose of parks, residential buildings and many others while the agriculture wire fencing is commonly used for the safety purpose of livestock. Fences are either made of plastic, metal, composites or wood. The main objective behind installing fences is to ensure that no trespasser or unwanted things enter the guarded property and also to prevent livestock from getting out of the vicinity provided.
COVID-19 Scenario analysis:
- Coronavirus has affected the import and export of construction materials. China is the largest exporter of construction materials globally. Negative trends in the economy of China are anticipated to reduce the global import and export throughout the globe.
- Demand for new construction materials have witnessed a massive negative shift since the corona outbreak in December 2019, with manufactures and investors fearing an excessively receding economic growth.
- Travel prohibitions around the globe have affected the trade of construction materials. Thus, the supply and demand for construction materials are almost halted throughout the globe.
- Construction materials manufacturing companies located in China, are the major sufferers of from the virus outbreak, owing to lockdown and unavailability of logistics in the region.
- The major hindrance for the global construction materials market comes from the orders of home quarantine by respective governments, which has led to the discontinuing of production of construction materials.
- Decreased consumer demand and consumption has led to reduction and slow down of sales of construction materials all over the globe over the course of the current economic year.
- Therefore, the global fencing market is expected to be negatively affected in 2020.
Drivers, Restraints and Opportunities
Factors such as increased number of construction buildings worldwide and rise in remodeling and retrofitting activities are expected to cater to the growth of the global fencing market. In addition, need for safety of livestock especially for agricultural segment and increased funding on constructions by government are also anticipated to garner to the development of global fencing market. However, fluctuating costs of the fencing material might hinder the global fencing market growth. On the other hand, prominent vendors are aiming on expanding their product portfolio and geographical reach to serve customers globally and by trailing cross-selling opportunities.
The global fencing market trends are as follows:
Increasing global population and surge in real estate worldwide
Construction industry has always been one of the top revenue generating industry worldwide. The U.S. and China are the countries with most construction activity based on the number of new skyscrapers that are 76 in China and 10 in U.S. as of 2018.New construction technologies and demand for independent houses has been increasing lately. The cost of building new houses and materials used for construction are raising due to inflation which is the main reason people are trying to build their own houses as early as possible since the prices are increasing rapidly. As a result of increase in the number of constructions the demand for fencing for the new constructions can also increase in the forecast years.
Launch of new technologies
Technological innovation and upgradation are having a significant impact on every market. The usage of traditional methods for agricultural fencing requires heavy work and monitoring. Whereas new techniques and technologies have proven to show same level of effectiveness when compared with the traditional ones. For example, the recent breakthrough in fencing industry is the virtual fencing. Virtual fencing is a technique in which the real and actual fence is not used instead it works on the basis of GPS tracking system and induces a stimuli into the animal’s body through a neck band whenever the animal attempts to go out of the provided vicinity. An audio tone is emitted as a warning at the virtual boundary to make the animal stay in the enclosed area. Animal welfare is the top priority for the implementation of virtual fences. A study was conducted between the effect of electrical tape fencing and virtual fencing on cattle and the results showed that virtual fencing has been more effective in keeping the animal inside the area without any harmful impact on the animal.
Key benefits of the report:
- This study presents the analytical depiction of the global fencing industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global fencing market share.
- The current market is quantitatively analyzed to highlight the global heavy movable bridges market growth scenario.
- The report provides the segmentation details of the fencing market.
- The report provides a detailed global fencing market analysis based on competitive intensity and how the competition will take shape in coming years.
Fencing Market Report Highlights
| Aspects | Details |
 By Material |
|
 By Application |
|
 By End use |
|
 By Region |
|
 Key Market Players | Ameristar Security Products, Ply Gem, Gregory Industries, Bekaert, Betafence, Jerith Manufacturing LLC., Builders Fence, Saint-Gobain, Long Fence, Certainteed |
Loading Table Of Content...
