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Fencing Market Size to Reach Revenues of USD 42.12 Billion by 2026 - AriztonCHICAGO, June 2, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global fencing market report. The fencing market is expected to grow at a CAGR of over 7.83% during the period 2020-2026. Key Highlights Offered in the Report:
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Get your sample today! https://www.arizton.com/market-reports/fencing-market-size-analysis Fencing Market – Segmentation 1. According to the environmental concerns, aluminum in the metal segment is experiencing higher application as it has a higher recycling rate and lighter in weight compared to other metals. A high-performance metal fence is widely used in small industries as high-security applications where speed and production flow are higher, and safety is crucial. In India, Vedanta was the largest producer in the fencing industry, producing around 2.3 million tons. 2. Fence installation contractor is providing various advantages to business owners and homeowners. For big house projects, professionals are best for installing fences. Expert advice saves from costly fence installation errors, thereby fueling contractor fencing across the globe. 3. Retail sales of fences are higher than online sales, as consumers prefer to shop for the fences in retail stores. Distributors often select the offline retail channel as it enables them to operate their business without high investments in marketing funds. The sudden outbreak of the COVID-19 pandemic is fueling heavy demand in the online distribution channels due to the restrictions imposed by the government agencies. Fencing Market by Material
Fencing Market by Installation
Fencing Market by Distrbution Channel
Fencing Market by Type
Fencing Market by End-Use
Fencing Market – Dynamics Technological advancements have a considerable impact on all markets. For agricultural fencing, the use of traditional methods needs substantial work and scrutinizing. Advancements have shown a similar level of efficacy as compared to the traditional method. For example, virtual fencing is the latest innovation in the fencing industry, which works on GPS tracking system technology and causes a stimulus in the animal's body via a neckband whenever the animal tries to go out of its designated vicinity. To keep the animal in the enclosed area, as a warning, an audio tone is produced at the virtual boundary. For the execution of virtual fences, animal welfare is the topmost priority. For comparing virtual fencing and electrical tape fencing, a study was conducted on cattle, and the result showed that virtual fencing is more efficient without any hazardous impact on the animal. This solution enables remote fencing and allows animals to move freely, which provides access to good, varied pastureland. The system comprises a solar-powered GPS collar. Key Drivers and Trends fueling Market Growth:
Fencing Market – Geography North America accounts for the largest share in the global fencing market, growing at a CAGR of 7.11% in the forecast period. The growth of the fencing market in North America is supported by rising investments in R&D for enhanced materials and increasing demand from the remodeling and renovation developments in the region. The strongest economic growth of the US and Canada, developments in industrial sectors, and the company's expansions are driving the sales of fencing in North America. PVC fencing is gaining high traction, among other materials, due to the durability and versatility properties. The US is one of the major countries worldwide in PVC production. Planned industrial projects have witnessed a slump due to the economic slowdown and the COVID-19 pandemic in 2020. Around 91 projects of manufacturing or production plants, 74 distribution centers or warehousing, 32 new construction projects, 36 plant expansions, and 45 entailed renovations and equipment upgrades were expected in March 2020 in North America. Get your sample today! https://www.arizton.com/market-reports/fencing-market-size-analysis Segmentation by Geography
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About Arizton: Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports. Mail: [email protected] Logo: https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg |