The Europe fencing market is estimated to record a solid CAGR of 7.2% during the forecast period (2021-2027). Infrastructural development, renovations, and remodeling of existing residential and non-residential buildings will also support the growth of the market. In large markets such as Germany, France, the UK, Italy, and the Nordics, the market is mainly driven by product innovations introduced by key players. In the emerging markets of central and eastern Europe, rapidly developing infrastructure and construction output are driving the growth of the fencing market. However, fluctuating raw material prices can be a primary challenge for the growth of the market during the forecast period.
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The market is also driven by the growth in installation in new buildings and high demand from renovations of fencing and retrofit activities. The demand from retrofit and renovation accounts for the majority of the fencing demand in Europe. Construction growth in Europe is broad-based and is expected to occur across all sectors, including residential, commercial, non-residential, and civil, for both new construction and renovation activities, thereby driving the growth of the fencing market in the region.
Further, the market in Germany is expected to record fastest growth rate during the forecast period. Germany’s industrial production and exports spurred in May 2020 after a sharp slump as the country’s manufacturing sector showed a tentative sign of recovery from the pandemic. The industrial output and construction rose by 0.30% in May 2020 from April 2020, while the production of capital goods rose by 2%. Exports rose by 1.10%, partly recovered from the sharp drop in April, but imports fell by 0.50%, leaving the country’s trade balance rising to $22.57 billion. The construction industry is expected to rise in the country, driving the demand for fencing. Between January 2020 to February 2020, the construction of around 51,300 dwellings was permitted in Germany, which increased by 4% in April 2020. Moreover, the turnover in main construction rose by 10% in February 2020 from the previous year. These factors, such as positive growth in the construction and renovation sector in the industrial application, are expected to create opportunities for fencing installations in the country.
Market Coverage
· Market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered- by Material, Distribution, End-use
· Countries Covered- UK, Germany, France, Italy, Spain, and Rest of Europe
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Europe Fencing Market Report Segment
By Material
· Concrete
· Metal
· Plastic
· Wood
By Distribution
· Offline
· Online
By Distribution
· Agricultural
· Energy and Power
· Government
· Military and Defense
· Mining
· Petroleum and Chemicals
· Residential
· Warehouse
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
