SAN FRANCISCO, September 23, 2015 /PRNewswire/ --
The global fencing market is expected to reach USD 32.12 billion by 2022, according to a new report by Grand View Research, Inc. The growing real estate development and remodeling projects are expected to drive revenue over the forecast period. Commercial sectors such as schools, colleges, and industrial premises have been adopting these products to enhance security and safety.
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Governments worldwide are making huge investments for development of parks and gardens to increase aesthetic appeal. The growth is primarily driven by increasing preference for home improvement and home décor along with rebound in housing projects. Growing economies and rising demand for security and safety are also expected to support fencing market growth. Expanding residential and commercial construction activities and growing economies are expected to drive demand over the forecast period. Increasing preference for eco-friendly options is expected to contribute to composite fencing industry demand.
Browse full research report with TOC on "Fencing Market Analysis By Material (Metal, Wood, Plastic & Composite, Concrete), By Application (Residential, Agriculture, Industrial) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/fencing-market
Evolving urban lifestyles, increasing income levels, and growing disposable incomes stimulate customers to spend on upgrading their homes. The young generation with high income levels will prefer innovative fencing products for their houses. With growing disposable incomes, many middle and high income consumers prefer these products for security and privacy. Rising price of material used in manufacturing may increase the cost of the fences. Unlicensed vendors may pose serious threats to fencing manufacturers.
Further key findings from the report suggest:
Grand View Research has segmented the fencing market on the basis of material, application, and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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