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Fencing and lattice is used for the safety of buildings, houses, or malls. The product is generally constructed from connected posts of rails, boards, netting, or wires. It is an enclosed structure which is different from a wall. The product is usually made of wooden or metal-made strip. The product was used in agricultural sector to protect land from animals and unauthorized populations. Fencing and lattice are also sued in prisons, railway lines, swimming pools, spas, and industrial plants. The main purpose of the product is to give security to the property. The market is attributed to grow owing to increased investments by governments in developing public places such as parks, garden and others. Increased security concerns among growing population is anticipated to bolster market progress. Rise in spending on military base and protection from unauthorized trespassing is anticipated to surge market growth in the forthcoming years. Increased investments and rapid innovation in the product type is estimated to attract more consumers in the coming years. Rapid urbanization and huge need for renovation is escalating the demand for the product. Increased inclination towards luxurious houses and growing safety concern is expected to aid industry progress.
As per Business Research Insights, the market size of fencing and lattice market was 29.07 million in 2022, the market is projected to touch USD 34.67 million by 2028, exhibiting a CAGR of 3.0% during the forecast period.
COVID-19 Outlook: Lower Rate of Construction Activities and Supply and Chain Disruption Affected Market Progress.
The outbreak of COVID-19 pandemic affected several business growths globally. Several restrictions such as social distance, lockdown, ban on manufacturing and many others restrictions made it difficult for the manufacturing industries and automatically reduced production activities. Lower rate of construction activities and supply and chain disruption affected market progress.
Below is the list of the top 7 market players who are also recorded as pioneers in their respective fields:
Fortress Fencing
The leading company has over 50 years of combined experience. The company offers strong warranty and superior workmanship. The company has 4,500 solar farm fences built with an operation in 28 states.
Trex Seclusions
Trex Seclusions provides the perfect backdrop to any backyard. The products of the company are high in quality and low maintenance. The products are perfect fencing solution. The features of the product such as high performance, wide rating of 130 mph, never requires staining or painting.
Fiberfence
The leading manufacturer of fencing and lattice. The company offers advanced technology in fiberglass fencing products. The products are waterproof and weatherproof, chemical proof, and fire resistant. The company has ultimate in maintenance free fencing and composite.
SGC Products
The leading distributors of artificial grass. The company is a proud leader in the industry of synthetic and composite solutions. The products of the company are composite gate, composite deck tiles, composite fencing, deck railing, and composite decking.
Midwest Manufacturing
Established in 1969. The company is headquartered in United States of America. The company has experience of over more than 50 years. The products are high in quality and has wide range of building material. The company has skilled engineers and stable customer base.
Infinity Euro Fencing
The mission of the company is to provide best fence. The goal of the company to provide high quality products to customers. The product of the company offers weather resistance and low maintenance fence.
Composite Fencing Supplies
Composite Fencing Supplies headquartered in England. The leading company of fence and lattice. The products of the company have wide range of fencing products. The company has strong distribution channels.
Growing Need for Security Concern among Growing Population to Expand Fencing and lattice Adoption
Increased threat of robbery and terror attacks among growing population is estimated to fuel market growth. Increased number of standalone building with well-maintained fencing helps to separate from neighbors. Rise in construction activities and inclination of the population towards luxurious houses is predicted to surge market progress. Rise in safety concern of commercial places such as banks, shopping centers, tourist destinations, and other public places. Increased government initiatives and huge adoption of the product in agricultural land is anticipated to fuel market growth in the upcoming years.