Fencing Market: Refresh and Remodeling Projects Fuels Demand for Fencing Solutions

The global demand for innovative and decorative home improvement products has increased significantly as consumers are increasingly becoming conscious about home maintenance and repair. Remodeling activities have been growing in recent years, increasing the demand for fencing products. Growing disposable income of people in emerging nations, a need for increased security and maintaining privacy, and rising housing constructions are other factors that are contributing to the growth of the global fencing market.

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Market Players Face Reduced Profitability due to Rise in Raw Material Prices

One of the challenges gripping the global fencing market is the volatility of raw material prices. Players in the fencing industry have to pay high tariffs on electricity and gas, which in turn increase the overall cost of production considerably. Thus, the profitability of fencing products is dampened owing to lower margins.

Another factor restricting the growth of the market is the need for metals and steel to produce colorful and strong fences, which are not only more expensive, but also not abundantly available. This limits the scope of product varieties and also restrains the development of novel products, thus affecting the potential of growth in the global fencing market.

Increasing Demand for Residential Fences to Create Opportunities of Growth

The growing construction and remodeling industry segments are expected to create huge opportunities for privacy fences. People are increasingly opting for comfort, convenience, and attractive decorative materials, which is behind the popularity of privacy fences.

The growing acceptance of synthetic alternatives is encouraging the demand for temporary fence, wire mesh, wire fence, portable fence, and steel fence post. This is expected to create a strong growth potential for the fencing market. Developing innovative and attractive fences for consumers who are preferring fashionable and casual home decoration products will also create a need for design developments in the industry.

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The global fencing market is expected to be worth US$29.1 bn by 2018. By product, the commercial wire fence, is expected to lead in the market by 2018. On the basis of type, the metal fencing segment is expected to lead and account for 52.3% of the global fencing market by 2018. The residential segment is anticipated to lead by 2018, and account for 61.2% of the global market. North America led the market in the past and is expected to continue to lead in the coming years, and account for 32.6% of the market.

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