Australia Fencing Market size is projected to grow at a CAGR of 5.6% during 2024-2030F

Residential sector attained the maximum revenue share in terms of end users in Australia Fencing Market – 6Wresearch

By end users, the residential sector garnered the maximum revenue share in 2023 attributed to the surge in the construction landscape in Australia with more than 24,000 apartments currently under construction and initiatives such as Victoria's Infrastructure Strategy 2021-2025 and Plan Melbourne 2017–2050 aim to increase the proportion of new homes in established suburbs would further boost the fencing market.

According to 6Wresearch, Australia Fencing Market size is projected to grow at a CAGR of 5.6% during 2024-2030F. The Australian fencing market experienced significant growth from 2020 to 2022, driven by a surge in construction activities and heightened demand for completing residential projects. Notable developments during this period included the $312 million Playford Alive project, the $250 million Fortville Plan redevelopment, and the $103 million Emerald City mixed-use development. In 2023, Victoria led in new development value, increasing approvals by 19.56% over the year, followed by New South Wales at 8.77% and Queensland at 4.45%. This increased construction activity in these states has directly impacted the fencing market, as each new residential and commercial project requires extensive fencing solutions.

During the forecast period, the fencing market is expected to continue its growth trajectory, spurred by the expansion of the residential sector. In August 2023, the National Cabinet committed to constructing 1.2 million homes over the next five years, and Victoria’s Housing Statement aims for 800,000 new homes in the state over the next decade. Additionally, Australia’s population is projected to grow at an annual rate of 1.4%, coupled with increased urbanization, particularly in Queensland, Victoria, and New South Wales. This population and urban growth are driving further real estate development, which increases the demand for fencing solutions across residential properties. As more dwellings are built, the need for various fencing products will rise, contributing to the ongoing expansion of the Australian fencing market.

According to Parth, Research Analyst, 6Wresearch, by material, the Steel segment is set to grow significantly in Australia fencing industry due to its exceptional durability, strength, and low maintenance requirements. Aluminium is also expected to gain popularity in the market due to its non-rusting properties, making it ideal for various weather conditions.

Australia Fencing Market (2024-2030) report provides an in-depth analysis with 18 figures and 8 tables, covered in 78 pages. The report comprehensively covers the market by material, end users, distribution channel and regions. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.