US and Mexico Steel Fence Materials Market Overview and Growth by 2031
Historic Data: 2021-2022 | Base Year: 2023 | Forecast Period: 2024-2031US and Mexico Steel Fence Materials Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Chain Link Fence, Barbed Wire, Concertina, Welded Fence, Hexagonal Mesh, Galvanized Steel Pipes for Fencing, Painted Prefabricated Fences, and Others) and End User (Agriculture, Residential, Commercial, and Industrial and Institutional)
- Report Date : Oct 2024
- Report Code : TIPRE00039344
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 79
The US and Mexico steel fence materials market size is projected to reach US$ 4.78 billion by 2031 from US$ 3.45 billion in 2023; the market is expected to register a CAGR of 4.2% during 2023–2031. The focus on using green steel is emerging as a significant future trend in the US and Mexico steel fence materials market.
US and Mexico Steel Fence Materials Market Analysis
The US construction sector is driven by growing commercial construction activities, increasing investments, and rising government initiatives for developing the public infrastructure sector. The industrial construction sector is also experiencing rapid growth due to the establishment of new factories and industrial facilities with favorable investments and government initiatives. Industrial construction is an essential part of the US economy. The expansion of manufacturing and production capabilities in the country is driving the need for highly equipped industrial facilities. The industrial construction sector in the country entails a wide range of construction projects, including warehouses, factories, and processing plants. Various companies are investing heavily in the establishment of new operational facilities, such as warehouses, factories, and processing plants. Thus, growth in the commercial and industrial construction sectors fuels the demand for steel fencing materials in the US and Mexico.
US and Mexico Steel Fence Materials Market Overview
The rising demand for durable, secure, and aesthetically pleasing fencing solutions across various sectors, including residential, commercial, and industrial, benefits the US and Mexico steel fence materials market. In the US, steel fence material is popular due to its long-lasting durability and low maintenance, making it a preferred choice for security perimeters, housing developments, and industrial facilities. The growing trend toward sustainable building materials also boosts the demand for steel fence materials owing to their recyclability and lower environmental impact compared to alternatives such as wood.
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US and Mexico Steel Fence Materials Market: Strategic Insights
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Market Size 2023
US$ 3.45 Billion -
Market Size 2031
US$ 4.78 Billion
Market Dynamics
- Growth in Commercial and Industrial Construction
- High Demand from Residential and Agricultural Applications
- Focus on Using Green Steel
- Increasing Demand for Welded Steel Fencing
Regional Overview
- US, Mexico
Market Segmentation
Type
- Chain Link Fence
- Barbed Wire
- Concertina
- Welded Fence
- Hexagonal Mesh
- Galvanized Steel Pipes for Fencing
- Painted Prefabricated Fences
End User
- Agriculture
- Residential
- Commercial
- Industrial and Institutional
-
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US and Mexico Steel Fence Materials Market Drivers and Opportunities
High Demand from Residential and Agricultural Applications Bolsters Market
Steel fencing is highly used in various agricultural operations to help define property boundaries, secure livestock, and protect crops from external factors. Steel fences are extremely durable, and they can withstand the rigor of agriculture and remain functional for years. Various advantages of steel fences drive their demand in the agriculture industry. Further, there is an increasing use of steel fencing in various residential applications in the US and Mexico owing to its advantages such as strength, durability, and aesthetic appeal. Therefore, the high demand for steel fence materials from residential and agricultural applications bolsters the US and Mexico steel fence materials market growth.
Increasing Demand for Welded Steel Fencing to Create Growth Opportunities in Coming Years
The demand for welded security fencing is increasing in the US and Mexico owing to its effectiveness, durability, and aesthetic appeal, among others. Welded security steel fencing offers a reliable solution for protecting properties, preventing unauthorized access, and enhancing the safety of various premises. Welded steel fencing provides a robust barrier that is extremely difficult to breach. The use of advanced welding techniques ensures that the individual components are securely joined together, thus making fencing nearly impossible for intruders to dismantle or break. This added layer of security reinforces the safety of the property. Thus, the burgeoning demand for welded steel fencing is expected to offer lucrative opportunities for the US and Mexico steel fence materials market growth in the coming years.
US and Mexico Steel Fence Materials Market Report Segmentation Analysis
Key segments that contributed to the derivation of the US and Mexico steel fence materials market analysis are type and end user.
- Based on type, the US and Mexico steel fence materials market is segmented into chain link fence, barbed wire, concertina, cyclone mesh, welded fence, livestock mesh, hexagonal mesh, galvanized steel pipes for fencing, painted prefabricated fences, and others. The barbed wire segment dominated the market in 2023.
- By end user, the market is segmented into agriculture, residential, commercial, and industrial and institutional. The residential segment dominated the market in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 3.45 Billion |
| Market Size by 2031 | US$ 4.78 Billion |
| CAGR (2023 - 2031) | 4.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
US, Mexico
|
| Market leaders and key company profiles |
|
US and Mexico Steel Fence Materials Market News and Recent Developments
The US and Mexico steel fence materials market is evaluated by gathering qualitative and quantitative data from primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the US and Mexico steel fence materials market are listed below:
- Jewett-Cameron Trading Company Ltd. announced a partnership with Continental Sales & Marketing, Inc. (CSM) to expand its distribution capacity across national and regional home improvement retailers. The company’s product lines particularly focus on its Lifetime Steel Post and Adjust-A-Gate fence solutions. (Stock Titan, Company News, October 2024)
- Jewett-Cameron added three new supply partners for its products. New suppliers were added as part of a multi-year strategic plan to expand and diversify the company’s product sourcing and maintain competitiveness. (Stock Titan, Company News, September 2024)
- Fencing Supply Group announced the acquisition of Merchants Metals (Merchants). Merchants is the first acquisition of the FSG platform. It is a leading national value-added distributor of fence supplies in the US, serving customers through 35 branches and 4 complementary manufacturing facilities across 28 states. (Fencing Supply Group, Company News, March 2021)
- Fencing Supply Group (FSG), a portfolio company of The Sterling Group, acquired Atlantic Fence Supply (AFS), an experienced fence supplier known for its customer service and reliability. AFS is a leading wholesale distributor serving Richmond, Tidewater and the surrounding Virginia area with its ornamental, vinyl, wood, and chain link fencing, as well as custom gates. It operates from its branch location in Ashland, Virginia. (Fencing Supply Group, Company News, September 2023)
- Gemspring Capital Management, LLC, a middle-market private equity firm, announced the acquisition of Fenceworks, LLC, a fencing installer and distributor serving the nation's largest homebuilders, as well as general contractors and local fencing providers. (Gemspring Capital Management LLC, Company News, November 2023)
US and Mexico Steel Fence Materials Market Report Coverage and Deliverables
The “US and Mexico Steel Fence Materials Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- US and Mexico steel fence materials market size and forecast for all the key market segments covered under the scope
- US and Mexico steel fence materials market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter’s Five Forces and SWOT analysis
- US and Mexico steel fence materials market analysis covering key market trends, country framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the US and Mexico steel fence materials market
- Detailed company profiles
Frequently Asked Questions
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Based on end user, which segment held the largest share of the US and Mexico steel fence materials market?
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Based on type, which segment held the largest share of the US and Mexico steel fence materials market?
Which are the leading players operating in the US and Mexico steel fence materials market?
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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