PUBLISHER: The Business Research Company | PRODUCT CODE: 1620096
PUBLISHER: The Business Research Company | PRODUCT CODE: 1620096
Security fencing involves barriers designed to prevent unauthorized access, enhance perimeter protection, and ensure safety. These fences are constructed from durable materials like wire mesh and may feature anti-climb, anti-cut, and electronic monitoring systems. They are commonly used in industrial, commercial, and critical infrastructure settings.
The primary types of security fencing include wood fencing, metal fencing, and other materials. Wood fencing, made from timber or wood, is often used in residential areas for privacy and aesthetic reasons. Applications of security fencing cover various sectors including residential, agricultural, military and defense, government, petroleum and chemicals, mining, energy and power, and warehousing, catering to diverse end users.
The security fencing market research report is one of a series of new reports from The Business Research Company that provides security fencing market statistics, including security fencing industry global market size, regional shares, competitors with a security fencing market share, detailed security fencing market segments, market trends, and opportunities, and any further data you may need to thrive in the security fencing industry. This security fencing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The security fencing market size has grown rapidly in recent years. It will grow from $42.56 billion in 2023 to $50.99 billion in 2024 at a compound annual growth rate (CAGR) of 19.8%. The growth during the historic period can be attributed to heightened security concerns, increasing urbanization, rising construction activities, escalating property values, and the expansion of industrial and commercial sectors.
The security fencing market size is expected to see exponential growth in the next few years. It will grow to $105.66 billion in 2028 at a compound annual growth rate (CAGR) of 20%. The growth during the forecast period can be attributed to increased safety and security concerns, a rise in new housing construction, growing investments in the construction and real estate sectors, a higher number of businesses and organizations, and government investments in infrastructure. Major trends expected include the adoption of advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), machine learning, real-time monitoring and threat detection, advanced security infrastructure, intelligent fencing systems, as well as customization and aesthetic improvements.
The rising demand for border security and control is anticipated to drive the growth of the security fencing market. Border security and control involve systems that oversee and manage the movement of people and goods across national borders to ensure safety and deter illegal activities. This increased focus on border security is largely due to heightened concerns about terrorism and illegal immigration, prompting governments to invest in improved protective measures. Security fencing plays a crucial role in border control by serving as a physical barrier that prevents unauthorized access and enhances the efficiency of security protocols. For example, the Global Terrorism Index 2023, published in March 2023 by the Institute for Economics & Peace, an Australian research organization, reported that the lethality of terrorist attacks increased, with an average of 1.7 fatalities per incident, up from 1.3 deaths per attack in 2021. Consequently, the growing demand for border security and control is fueling the expansion of the security fencing market.
Leading companies in the security fencing sector are focusing on developing advanced fencing solutions, such as temporary fencing, to offer greater flexibility, improve installation efficiency, and provide cost-effective security options for diverse applications. Temporary fencing consists of portable barriers used to secure areas like construction sites, events, or other temporary perimeters. It provides flexibility, ease of setup, and enhanced security, making it suitable for short-term needs without the permanence or expense of permanent fencing. For instance, in January 2024, CLD Physical Security Systems, a UK-based provider of high-security fencing and access control solutions, introduced the FenceSafe Securus S2. This temporary fencing solution combines sustainability with high-level protection, meeting LPS 1175 B3 standards to delay potential attacks for a minimum of three minutes. The adaptable and reusable system is suitable for environments such as airports and large events and is available for rental, allowing for quick setup and removal.
In December 2023, Assa Abloy AB, a Sweden-based company specializing in building materials, acquired Leone Fence Inc. for an undisclosed amount. This acquisition aims to enhance Assa Abloy's perimeter security solutions in the Canadian market. It allows the company to leverage its combined resources to enter the market quickly, innovate new products, and expand its market presence. Leone Fence Inc. is a Canadian company that provides security fencing solutions, including features for residential, commercial, and industrial properties.
Major companies operating in the security fencing market are N.V. Bekaert S.A., Ply Gem Holdings, Atkore International Group, Pexco LLC, Trex Company Inc, Master-Halco Inc, Wheatland Tube Company, Merchants Metals, Betafence Ltd, A-1 Fence Products Company, The American Fence Company, Fortress Building Products, Jacksons Fencing, Gregory Industries Inc, Long Fence Company Inc, Jerith Manufacturing LLC., Poly Vinyl Creations Inc., Builders Fence Company Inc, Viking Fence Company Ltd, Illusions Fence, Ameristar Perimeter Security, A.R.K Fencing and Gates Ltd
North America is the largest in the security fencing market in 2023. The regions covered in the security fencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the security fencing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The security fencing market consists of sales of chain link fences, mesh fences, palisade fences, plastic and composite fences, welded fences, access control systems, barbed and razor wire, surveillance systems, electric fences, and identification systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Security Fencing Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on security fencing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for security fencing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The security fencing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.