Los Angeles, October 24, 2019 – QY Research has announced the release of a new report that bears the title “2019 Global Metal Fencing Industry Research Report.” According to the report, the global metal fencing market is projected to grow at a CAGR of 3.22% during the forecast period 2019-2025. The value of the global metal fencing market is expected to touch over US$12.0 Bn by 2025, improving from around US$10.0 Bn reached in 2018. The boom in the building and construction industry is anticipated to positively impact the global market growth. Metal fencing offers advantages such as low maintenance and high strength and durability, which could help increase its adoption in residential as well as commercial applications. Ornamental and chain link are among popular types of metal fencing products.
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Need to Protect Electric Power Utility Installations Likely to Increase Demand
The demand for metal fencing is anticipated to increase due to the need to secure highly sensitive and important infrastructure of power grids. Remote electrical installations, power distribution facilities, and transformer substations are among key applications of metal fencing in the energy and power industry. High need to avoid unauthorized entry in petroleum and chemical facilities because of the risk of explosions and injuries involving highly reactive, toxic chemicals could also increase the demand for metal fencing. Availability of attractive designs and patterns of metal fences is expected to create sales opportunities in the housing and construction industry.
Aluminum: A Widely Used Metal Fencing Product
On the basis of product type, the global metal fencing market is segmented into aluminum fencing, steel/wrought iron fencing, and others. Aluminum metal fencing is a popular type of product sold in the global market. Aluminum can be used with other fencing materials such as vinyl and finds application in privacy fencing. Aluminum metal fencing is known for its low maintenance and high durability properties. Based on application, the global metal fencing market is segmented into industrial, commercial, and residential.
Demand for Metal Privacy Fencing Expected to Increase in US Market
The US is predicted to exhibit impressive growth in the global metal fencing market due to high demand for property improvement products such as front yard and back yard fences. The need for fencing is high in the US because of the close placement of houses in communities, which increases privacy concerns. Metal fencing being a sturdier and lower maintenance alternative to other fencing types is not only expected to gain demand in North America but also Europe. Availability of new and innovative products in North America and Europe could be another factor adding to the growth of the metal fencing market in these regions.
Global Metal Fencing Market: Key Manufacturers
Some of the popular manufacturers of metal fencing products are Betafence, Werson Wire Mesh Fence, Ameristar Fence, Southwestern Wire, Yehuda Fences, Jerith Manufacturing, Barrette, Tree Island, Bekaert, Master Halco, The Fortress, Van Merksteijn, Hampton Steel, Merchants Metals, Jacksons Fencing, and Elite Aluminum Fence.
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