In 2021, the residential sector held the biggest market share of more than 60%. The segment was able to take control of the market thanks to rising residential construction and remodelling activity. The investments in fence goods for residential applications are being driven by the significant importance that households place on security and privacy as well as the rising levels of disposable income. One of the main elements propelling the segment's rise is the inclination for erecting personalised fences and boosting the aesthetic appeal of residential properties.
The need for fences for agricultural applications is expected to increase in response to the growing need to protect farm animals, crops, and farmlands from wild animals and thieves. The rise in the instances of agricultural area intrusions is propelling the demand for Fencing Market for agricultural applications.
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