Worldwide Fencing Industry to 2028 - Growing Need for Security & Safety is Driving Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Fencing Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.

According to this report, the global fencing market is estimated to progress at a CAGR of 2.34% over the estimated phase 2021-2028.

Factors such as the growing need for security & safety, illegal cross-border movement, and surge in consumer purchasing power are driving the growth of the studied market. Additionally, improvement expectations in the construction sector and anticipated growth in renovation activities are opening new avenues for the fencing market.

However, the economic slowdown, coupled with unstable material costs, is restricting the global market's overall growth.

The global fencing market comprises the Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa regions.

Globally, the Asia-Pacific is anticipated to witness the fastest growth rate in the fencing market over the forecast period. The market's strong growth can be attributed to various factors, such as a high population base and the growing number of industries. In addition, the advancements in the construction sector, coupled with the upsurge in the number of users, are driving the market's growth. Additionally, the region has observed a substantial increase in the renovation of several old residences and commercial spaces, adding to the fencing market's growth.

Bekaert is engaged in providing steel wire transformation and coating technologies. Its product line includes filter and fiber media products, heating cable and cords, various wires, control cables, power springs, field fences, coatings, and rubber track reinforcement products. Moreover, the company provides measuring devices for on-site quality control, steel fibers, industrial floors, and residential applications. Bekaert has operations spread across the Asia-Pacific, Latin America, Europe, and North America.

Market Dynamics

Drivers

• Growing Need for Security & Safety
• Illegal Cross-Border Movement
• Boost in Consumer Purchasing Power

Challenges

• Economic Slowdown
• Unstable Material Prices

Opportunities

• Improvement Expectations in the Construction Sector
• Rise in Renovation Activities

Companies Mentioned

• Certainteed Corporation
• Bekaert
• Associated Materials LLC
• Ameristar Fence Products Incorporated
• Allied Tube and Conduit
• Poly Vinyl Creations Inc
• Ply Gem Holdings Inc
• Betafence Nv
• Jerith Manufacturing Company Inc
• Long Fence Company Inc
• Gregory Industries Inc
• Animex Fencing and Mitigation Solutions

For more information about this report visit https://www.researchandmarkets.com/r/vr5f8w