Global Fencing Market To See Gains

The value of the global fencing market reached US$25.3 billion in 2021 and is anticipated to rise at a compound annual growth rate (CAGR) of 5.3 per cent from 2022 to 2031, says a report by Transparency Market Research. The fencing market is expected to attain valuation of $41.7 billion by 2031. The market is projected to grow due to an increase in construction activities as well as infrastructural developments in the industrial, commercial, and residential sectors. Growing protection and safety concerns are other factors driving growth opportunities for fencing contractors, manufacturers, suppliers, and exporters.