Fencing Market continues to expand as APL Apollo Tubes Limited launches a new Apollo Fencing solution to provide any property elegance and beauty
A fence is typically a perimeter structure that surrounds an area and is generally constructed of wooden posts, wires, concrete, or other concrete materials. A fence is different from a house in that a fence does not have a concrete wall all the way through. However, you cannot have a fence that encloses your entire backyard without some type of enclosure or shelter. The types of structures that people use for fences include aluminum, chain link, vinyl, wood, wrought iron, plastic, vinyl, mesh, concrete, bricks, rocks, concrete, bricks, sandstone, stone, and other man-made materials. Over the years, fencing has evolved significantly with early fencings being made of wood. Currently, there is high popularity for synthetic fencing, portable fencing, and wire mesh fencing with a major emphasis on aesthetics as well as safety. Besides, many consumers have started adopting electrified fences, which can augment growth of the fencing market.
Recently, in June 2020, APL Apollo Tubes Limited (APL Apollo), a provider of structural steel tubes, launched Apollo Fencing Solution, to provide any property elegance and beauty.
Fencing has always been an essential part of any building be it private or public. People worldwide are investing in remodeling and renovating their homes. Such activities are typically witnessed due to growing disposable income and rapid urbanization worldwide. As per the United Nations (UN), around 68% of the global population is expected to live in urban areas by 2050, increasing from 55% in 2018. According to the same source, in 2018, around 4.2 billion people were living in urban areas, increasing from 751 million in 1950. Furthermore, as per to the Organisation for Economic Co-operation and Development (OECD), in 2017, the gross adjusted disposable income in the U.S. was US$ 50,444 per capita increasing from US$ 45,960 per capita in 2014. These stats suggest that the investment in house remodeling is increasing, which could potentially enhance growth of the fencing market.
The major types of fencing are chain link, vinyl fencing, wood fencing, stone fencing, and mesh fencing. Chain link is very popular in the U.S., especially in rural areas where the cost of labor is lower, as well as because of the popularity of the product. Vinyl fencing is a more affordable option, while also being one of the strongest and most durable fencing options available. Even though there is high adoption of novel fencing solutions, its maintenance cost is significantly high. Furthermore, their durability is another topic of criticism, which can potentially impede growth of the fencing market.
The adoption of fencing for private properties is widely observed in developed regions such as North America and Europe. This is typically due to increasing construction activities and high demand for decorative home products in the aforementioned regions. Similarly, the demand for novel fencing solutions has increased in Asia Pacific. This is due to the fact that income levels in emerging economies have massively improved over the years.
