Report : US 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)
Surge in Commercial and Industrial Construction Bolsters US and Mexico Steel Fence Materials Market Growth
According to our latest market study on “US and Mexico Steel Fence Materials Market Size and Forecast to 2031 – Country Analysis – by Type and End User,” the market was valued at US$ 3.45 billion in 2023 and is projected to reach US$ 4.78 billion by 2031; it is anticipated to record a CAGR of 4.2% from 2023 to 2031. The US and Mexico steel fence materials market report includes growth prospects along with the market trends and their foreseeable impact during the forecast period.
Steel is a major raw material required for the manufacturing of steel fences. Suppliers focus on offering high-quality steel materials for processing. The quality of steel and other raw materials has a significant impact on the final quality of steel fences. Choosing superior-quality steel materials with desired strength controls the overall strength, corrosion resistance, and durability of fences. Fluctuations in the prices of raw materials, particularly steel, impact the final price of these fences. Steel fence manufacturers maintain effective partnerships with raw material suppliers to ensure a steady supply of raw materials at reasonable and predictable prices. A few of the steel suppliers in steel fence manufacturing ecosystem in the US and Mexico are Madison Steel Inc and Suzuki Garphyttan Corp.
The US and Mexico steel fence materials market report emphasizes the key factors driving the market. The US construction sector is driven by growing commercial construction activities, increasing investments, and rising government initiatives for developing the public infrastructure sector. As per the data from the US Census Bureau, the total value of construction of industrial projects was US$ 318.9 billion in 2020, representing a 21.3% increase from 2019. These stats highlight the economic growth in the US owing to construction sectors. According to the official website of the US government, real manufacturing construction spending in the US has doubled since 2021. The surge in real manufacturing construction spending can be attributed to supportive government initiatives such as the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA), and CHIPS Act. Each of these acts provides direct funding and tax incentives for public and private manufacturing construction. Computer, electronic, and electrical manufacturing plants dominated the boom in the construction of manufacturing facilities. Also, the construction activities for chemical, transportation, and food & beverage manufacturing plants rose in 2023 compared to 2022. The construction industry in Mexico is growing with investments in industrial and public infrastructure. The country’s industrial manufacturing sector is experiencing significant growth, driven by foreign direct investment (FDI) and a favorable business environment. It is receiving tremendous foreign investments in the automotive, aerospace, and machinery sectors, among others. Thus, growth in the commercial and industrial construction sectors is driving the US and Mexico steel fence materials market growth.
US and Mexico Steel Fence Materials Market: Trends
The steel industry has long been associated with environmental degradation and high carbon emissions. However, the ongoing shift in steel production to align it with environmental sustainability goals holds a promising future for the industry. Green steel, also known as sustainable steel or low-carbon steel, is a revolutionary approach that prioritizes carbon neutrality, renewable energy, and innovative manufacturing processes. Its production process embraces renewable energy sources such as wind, solar, and hydroelectric power, along with other advanced technologies to minimize carbon output. Green steel holds profound significance in efforts to combat climate change and transition to a sustainable future. Initiatives favoring the production and use of this material contribute to achieving carbon neutrality targets outlined in international agreements such as the Paris Agreement by decarbonizing steel production. Notably, steel fencing is a sustainable or environment-friendly solution, as it can be reused and recycled. For example, when wire fencing is no longer required around construction sites, it can be taken down and used somewhere else. Steel has a very long lifespan owing to which it is taken down and reused in other applications. Therefore, the focus on using green steel is expected to bring significant US and Mexico steel fence materials market trends in the coming years.
Based on type, the US and Mexico steel fence materials market is segmented into chain link fence, barbed wire, concertina, welded fence, hexagonal mesh, galvanized steel pipes for fencing, painted prefabricated fences, and others. The barbed wire segment accounted for the largest US and Mexico steel fence materials market share in 2023. A steel barbed wire typically consists of two longitudinal steel wires twisted together to form a cable. Wire barbs coil around either one or two of the cables at regular intervals. There are several types of barbed wires. The cables can be single, double, round, flat, or half-round. Barbed wire makes an area secure and protected, as perpetrators attempting to climb over the fence will suffer skin injuries extending to the underlying tissue due to sharp barbs. Moreover, the configuration of these steel barbed wires makes them almost impossible to cut without special tools. These wires find applications in sectors such as commercial, agriculture, residential, industrial, sports, and transportation. Further, steel concertina wire provides excellent corrosion resistance, high tensile strength, and durability. The wire persists the shine even after several years of usage owing to its corrosion resistive feature. Moreover, it often cooperates with chain link fences, welded fences, field fences, walls, and gates, thereby upgrading the security level and protecting properties and other structures. Advanced security features offered by concertina wire fencing drive its use in high-security areas such as military base camps, railway stations, airports, amusement parks, government offices, public properties, and restricted areas.
Based on end user, the US and Mexico steel fence materials market is segmented into agriculture, residential, commercial, and industrial and institutional. The residential segment accounted for the largest US and Mexico steel fence materials market share in 2023. Steel fencing is increasingly popular among homeowners owing to its exceptional durability and other benefits. Steel fences withstand harsh weather conditions, including strong winds, heavy rain, and extreme temperatures, unlike wood or vinyl fencing. This capability makes it a reliable long-term investment for homeowners. Rust and corrosion resistance of steel adds to the sturdiness and physical appeal of the fence for many years. Additionally, steel fencing offers superior security compared to other materials. Its robust construction acts as a strong hindrance to potential intruders, as it is difficult to cut through or climb over. Further, increasing construction investments and urbanization in the US and Mexico are propelling residential construction activities and driving the demand for steel fencing. The commercial sector is one of the major enablers of the US and Mexico steel fence market growth. The use of steel fencing is common in office buildings, hotels, malls, retail stores, sports fields, warehouses, parking lots, and garages to secure areas and prevent unauthorized access. These fences are available in various styles, from chain link fences to ornamental designs, for commercial applications.
A few of the key players in the US and Mexico steel fence materials market include CE Shepherd Company LP, Hutchison Inc, NV Bekaert SA, V&G Industrial Wire Inc, Oklahoma Steel & Wire Inc, Duffer's Premium Big Barbwire, Tree Island Steel Ltd, Gregory Industries Inc, Fortress Building Products, and Liberty Steel Group Holdings UK Ltd. The market players offer innovative products at affordable prices that attract a large number of customers. The US and Mexico steel fence materials market forecast can help stakeholders plan their growth strategies to secure growth in the future.
The US and Mexico steel fence materials market includes market segmentation as follows:
The US and Mexico steel fence materials market analysis is based on type, end user, and country. Based on type, the US and Mexico steel fence materials market is segmented into chain link fence, barbed wire, concertina, welded fence, hexagonal mesh, galvanized steel pipes for fencing, painted prefabricated fences, and others. By end user, the market is segmented into agriculture, residential, commercial, and industrial and institutional. Based on country, the market is segmented into the US and Mexico.
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