The
fencing market is anticipated to reach USD 13440 million by 2027. Major factors driving the growth of this market include the unceasing increase in new house building, home renovation operations, home rehabilitation projects, and commercial construction. Widespread concern about safety and security reduced maintenance costs, as well as higher reliability features associated with the latest fencing technologies, are predicted to bolster the growth of the market growth.
Most businesses and individuals across the globe are constructing new houses & commercial buildings. Huge investments are being made in rehabilitation & renovation projects for older as well as newer
residential housing properties. Furthermore, rapid global urbanization is the key driver of expansion in the overall fence sector.
The demand for fencing products is expected to increase owing to the surge in need for improving the appearance and rise in the property value and increasing ability of lightweight, affordable and easy-to-install PVC and plastic fences. Aesthetic value, cost, design & quality are some of the emerging factors among the major customer criteria.
A looming increase in the real-estate development in the construction industry especially in the developing nations is fueling the need for physical safety & security solutions. Growing instances of security breaches as well as the subsequent requirement for innovative safety & security solutions are resulting in making the market players develop enhanced fencing solutions which are in line with the continuously evolving end-user demands.
Eco-friendly fencing
Eco-friendly fencing is growing more popular however, owing to the high level of maintenance, there is a huge demand for low-maintenance fencing solutions. This includes such as vinyl fencing. Also, plastic fencing is emerging as a comparatively, lightweight, easy to install & economical alternative.
Owing to technological advancements, market players are offering and coming up with new smart solutions that will render accurate, data-
driven insights for farmers who are looking to protect both their property as well as livestock.
However, unfortunately, the increasing number of unlicensed contractors providing interior products & increasing raw material prices are anticipated to restrain the market growth.
Customized fences for enhancing the aesthetic appeal
In 2021, the residential landscape accounted for the largest market share of over 60 percent. The rise in residential construction & remodeling activities let the sector dominate the market. The preference of homeowners to install customized fences in order to enhance the aesthetic appeal of the residential properties is emerging as a major factor bolstering the market growth.
Streamlining accessibility & improving the visual bulk of traditional fences
A new fencing system leverages the tried & tested hardware as a standard sliding gate however with a twist. The vertically operatable slats sink into the ground and that too in less than five seconds, and it disappears fully. The fancy fence was developed with an aim to streamline accessibility but at the same time improve the visual bulk of traditional fences, therefore removing all horizontal elements. The system incorporates elegantly designed fixed slats, a retractable gate, and an invisible walkway gate & can be installed in an infinite number of configurations.
The vertical mechanism of the Fancy fence decreases the overall footprint which is required for sliding/swinging gates. This means that the space adjacent to the fence can be completely functional and the invisible walkway gate retains a hinged joint for quick pedestrian access. What is more stunning about this system is that the whole system can be installed within a day or less than 24 hours, and it allows for a fully customized arrangement. The fencing elements are available in a range of sizes and finishes.
Innovative and robust perimeter solutions
With its innovative and robust perimeter solutions - A-1 fence, a Mumbai-based company has been revolutionizing the fencing industry. “We are among the few companies that hold a strong expertise in sourcing high strength and long-lasting raw materials along with one of the best metal coating processes in the world,” says Vivek Gupta, Director, A-1 Fence.
With its products, the organization provides the right corrosion protection for the right environment which ensures a life spanning over several decades.
The road ahead
At present, the largest sub-segment of the fencing market is metal fencing. This is owing to the tough barriers which help in the survival of fences longer than the ones constructed using other materials. Also, the electric fence sub-segment has the fastest growing fence market and one of the reasons for its growth is that they have been easy to install.
The housing and real estate market is burgeoning rapidly. This is anticipated to lead to a substantial increase in residence & living spaces. The fastest & largest growth is expected to witness in the residential sub-segment & it is likely to stay the same during the forecast period.
