Wood Fencing Market Observe Significant Growth Of USD 11.41 Billion By 2030

Posted by Neha Bora on August 9th, 2023

San Francisco, 9 Aug 2023: The Report Wood Fencing Market Size, Share & Trends Analysis Report By Product (Picket, Rail & Post), By Species (Cedar, Douglas Fir), By Installation, By Coatings, By Application, And Segment Forecasts, 2023 - 2030

The global wood fencing market size is expected to reach USD 11.41 billion by 2030, expanding at 4.5% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to environmental awareness among the masses. Wood, composite fences, and organic recycled materials are a few examples of environment-friendly materials that are used for developing fences. Wooden fences are preferred in residential applications owing to their organic appearance.

The surge in residential construction activities across the globe, along with the rise in demand for fences for usage in industrial and agricultural applications, is fueling the growth of the market. If maintained properly, wooden fences remain untouched for many years. For security reasons, these fences are used in both, residential and agricultural applications thus propelling the industry growth over the forecast period.

A large number of buyers are present in the wood fencing market and there is considerable diversification among these buyers. For instance, the bargaining power of buyers from the industrial sector is high as they make bulk purchases from manufacturers at competitive prices. The bargaining power of buyers from the residential sector is medium due to their small and single purchases. Therefore, it can be concluded that the overall bargaining power is expected to be moderate due to the surging residential construction.

Picket fences are commonly employed for residential applications such as gardens and pools primarily for security purposes. Moreover, the rise in residential construction activities and the surge in institutional construction expenditures around the world are expected to fuel the growth of the picket segment of the wood fencing industry in the region in the coming years.

Players in the market are focused on innovative strategic activities with the help of collaborations with leading research institutes. For instance, Bekaert, a galvanized wire company offers American-made fencing products in different varieties and continuously invests in R&D for product development and innovation. Bekaert has research and development partnerships with the Slovak University of Technology (Slovakia), the Belgian Technology Industry Research Center, and the Fraunhofer Institute (Germany).

Access Research Report of Wood Fencing Market @ https://www.grandviewresearch.com/industry-analysis/wood-fencing-market-report

Wood Fencing Market Report Highlights

• Based on product, the wood fencing market is segmented into picket, rail & post, vertical board, and others. The picket segment led the market in 2022 and is projected to grow at a CAGR of 4.3% in terms of revenue over the forecast period owing to their distinctive aesthetic appeal and reasonable prices
• Cedar species dominated the market and are projected to witness a CAGR of 4.3% in terms of revenue over the forecast period. The demand for cedar in wood fencing is high owing to its many benefits; the wood is not chemically treated; its aesthetic appeal and deep tone range enhances the visual appeal of home interiors. Cedar does not need a lot of upkeep for maintaining its look
• Based on the installation channel, the fencing market has been segmented into contractors & installers and Do-It-Yourself (DIY). The contractor & installers segment dominated the market in 2022 and was valued at USD 5.26 billion. The DIY segment is expected to register the highest CAGR of 6.1% in terms of revenue from 2023 to 2030 owing to the presence of several DIY fence kits in the market
• The wood fencing industry has been segmented based on coatings into stained and non-stained. Stained coating dominated the market which was valued at USD 6.44 billion in 2022. This growth is attributed to its ability to reduce surface oxidation and preservation of the wood's color for longer periods
• Based on application, the wood fencing industry has been segmented into residential, agricultural, and others. Residential application dominated the market in 2022 with a revenue share of 59.1% owing to growing residential construction in developing countries such as India, Mexico, Brazil, and Spain
• The Asia Pacific wood fencing market is expected to grow at a CAGR of 5.5% in terms of revenue over the forecast period. The surging residential construction activities allow Asia Pacific to dominate the market. Additionally, the high number of remodeling projects and real estate development in the Asia Pacific are expected to propel the product demand over the forecast period
• The wood fencing market is moderately fragmented owing to the presence of global and local players. Manufacturers, distributors, and installers are the primary participants in the market. Market players are engaged in the purchase and distribution of various types of wood fencing products. The varied end-use segmentation of products has provided opportunities for players to invest in product differentiation

Wood Fencing Market Report Scope

List of Key Players in the Wood Fencing Market

• Jacksons Fencing
• Tree Way
• WPC Product
• Wilfirs
• Travis Perkins
• Bekaert
• Seven Trust
• StelmetSierra Pacific Industries
• Redwood Empire Sawmill
• Pine River Group Home, Inc.
• L. Johnson Lumber Mfg. Co. & Johnson’s Workbench
• BarretteWood
• SPEC Wood Inc.
• Cedarline Industries
• Mendocino Family of Companies

 Access Press Release of Wood Fencing Market @ https://www.grandviewresearch.com/press-release/global-wood-fencing-market