Global Fencing Market To Reach $29.1 Billion by 2018

According to a new market report from Transparency Market Research, "Fencing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global fencing market is expected to reach $29.1 billion by 2018, growing at a CAGR of 4.4% from 2012 to 2018. The metal fencing market is in a commanding position owing to a wide range of products available under this category.

The global fencing market is largely driven by the rising consumer interest in home improvement and home d????(R)???(C)cor, as well as security and safety needs. Expanding residential construction is also supporting the growth of the fencing market.

Based on material type, the market is divided into four segments, namely metal, wood, plastic & composite and concrete fencing. The end use segments covered in this report are residential, agricultural and the industrial sector.

The increasing demand for residential fences and the growing popularity of synthetic alternatives will serve as an opportunity for the fencing industry. The global fencing market is affected by the fluctuating raw material prices and the rising energy cost.