August 25, 2021
According to the recent research report titled ‘North America Fencing Market 2021-2028’, available with Market Study Report, North America fencing market share is expected to multiply with a CAGR of 1.97% over 2021-2028.
Increasing purchasing power of consumers, illegal cross-border movement, and surging demand for security & safety are fueling North America fencing market growth. Moreover, cognizance about importance of fencing across several end-use verticals like agricultural, residential, and military is adding to the industry progression.
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Growing renovation activities, along with strategic developments by key players such as product launches, merger & acquisitions, collaboration, and business expansion tactics are significantly contributing to the market development.
Considering challenges, varying prices of material, and economic slowdown are likely to hamper the overall industry remuneration over the study period.
Based on material type, the market is split into concrete, plastic & composite, wood, and metal. As per user gamut, the industry segmentation comprises warehouses, energy & power, mining, petroleum & chemicals, government, military & defense, agriculture, residential, and others.
Moving on to product category, North America fencing industry is categorized into temporary fencing, and fixed fencing. With respect to distribution channel, the market is bifurcated into online channel, and offline channel. Elaborating on installation type, the industry is classified into DIY, and contractor.
Considering regional front, the United States market size is poised to grow through 2028, owing to the uptick in residential sector leading to surge in construction activities. In fact, the report cites that the rate of privately owned housing units has soared as compared to June 2020.
Meanwhile, fencing market in Canada is projected to observe considerable growth over the coming years, creditable to the development in residential and non-residential sectors. Public transportation, healthcare, education, and other civil infrastructure projects are expected to foster the demand for fencing from non-residential sector. Furthermore, factors such as cheap loan rates and increasing immigration are predicted to boost residential construction by the year 2024, hence generating revenues for the market.
Prominent firms influencing North America fencing market trends are Jerith Manufacturing LLC, Allied Tube & Conduit Corp., Ply Gem Holdings Inc., Gregory Industries Inc., Ameristar Fence Products Inc., CertainTeed Corp., Animex Fencing & Mitigation Solutions, Long Fence Company Inc., Poly Vinyl Creations Inc., Associated Materials LLC, N.V. Bekaert S.A., and Betafence NV among others.