The rising cases of organized crimes, terrorist attacks, and trespassing have resulted in huge losses to the residential, commercial, agricultural, and utility sectors worldwide. High security perimeters are of utmost importance to military, defense, prisons, airports, and other such infrastructures. Fueled by this, the demand for fencing is expected to be high across the globe, suggests a research report by Transparency Market Research (TMR). According to the report, the global fencing market is expected to reach US$29.1 bn by 2018, expanding at a modest CAGR of 4.40% between 2012 and 2018.
TMR analysts answer some burning questions that companies operating in the fencing market might have:
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- How is fencing useful in applications other than those in conventional sectors?
Besides conventional sectors such as residential, commercial, and agricultural, fencing is applied to various arenas such as zoos, parks, and pools. The U.S. Consumer Product Safety Commission (CPSC) has concluded that the best way to reduce drowning among kids is to have a fence or barrier constructed that prevents underage children from accessing residential pools.
Fences are important structures in wildlife sanctuaries and zoological parks to protect humans and other domestic animals from wildlife. Fences also prevent animals in the zoos and wildlife sanctuaries to be protected from nuisance caused by children and other visitors.
- What are the recent developments by key players in the fencing market?
CertainTeed, a company based in North America, has developed Bufftech, a vinyl fence that offers exceptional impact strength and will not rot, split, warp, and splinter. Most importantly, this fence offers UV resistance.
Gregory Industries Inc, a U.S.-based company, has developed a product known as C-Post. C-Posts have extremely high beam load strengths. Their benefits include faster installation, supreme durability, and their ability to repel moisture.
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Betafence NV, has recently developed TerralBlock M50P1, which is a crash-rated fence, included in the U.S Department of Defense list, as the singular sand-filled barrier with fence. The fence is best suited for remote applications where resources are limited. TerralBlock offers high-security fence and surface-mounted crash barrier.
- Which regions hold lucrative opportunities in the global fencing market?
Currently, North America holds a dominant share in the global fencing market, followed by Europe and Asia Pacific. The fencing market in North America is driven by the rising demand from consumers for innovative and aesthetically-pleasing home improvement products. The expanding residential sector is another reason behind the growing demand for fencing in North America. However, due to various developments in agricultural sectors, Asia Pacific is expected to be the fastest growing region in the global fencing market. Moreover, various upcoming constructional projects in the region will heighten the demand for fencing.
Thus, the global fencing market is expected to grow owing to the pressing need for residential fences. The agricultural segment is another budding application of fences, which will boost demand.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.