Fencing Market Regional Analysis:
North America Market Insights
North America industry is anticipated to account for largest revenue share of 46% by 2035. The market revenue share in the region is also expected on account of the contribution by the government, as it requires fencing in several industries, such as agriculture & allied industries, military sectors, and several other sectors. On account of this demand, they keep working on the development of this industry.
There are more than 50,000 contractors in the United States, as consumers are becoming aware and a sense of security is increasing. According to a report, fence construction in the U.S. has grown by 2.3% per year from 2018 to 2023. The current home projects and improvements in the infrastructure involve fencing, and the aesthetic yet functional fencing fuels the demand for the fencing market in the region.
APAC Market Insights
The Asia Pacific region will account for the huge growth of the fencing market with a significant CAGR during the forecast period and will hold the second position owing to its projected impact at a faster pace as it continues to serve customers of both residential and non-residential sectors as it not only improves safety but also increases property value by 3-6%. Furthermore, there has been an increase in the adoption of several types of fencing, which include wood, plastic, composite, concrete, and many more.
The Chinese government also contributes by appointing manufacturers to various projects to get hands-on experience and attract audiences worldwide. According to a report by the National Bureau of Statistics of China, more than 54 million rural migrant workers are assigned to work in the construction industry. The DIY option, it is also gaining popularity in this region, and therefore the fencing market is growing rapidly.
