Market Overview

In 2024, the Saudi Arabian fencing industry will produce USD 831.3 million in revenue, and it is estimated to experience a CAGR of 5.2% over the projection period, attaining USD 1,125.9 million by the end of the decade. This is because of the fast urbanization, growing infrastructure development projects, and growing emphasis on security. The populace is increasing along with city enlargement, which has augmented the need for fencing in residential, commercial, and industrial areas to increase privacy as well as security.

Some of these countries include Yemen, Oman, the U.A.E., Qatar, Bahrain, Kuwait, Iraq, and Jordan are neighboring countries to Saudi Arabia. Such has the effect of raising the demand for fencing to secure the country and hinder movement from one state to another hence accelerating the growth of the market.

Technological innovation is mainly being integrated to develop smart fencing solutions, which provide improved security. Fences have sensors that assist them in identifying movement or breaches, surveillance cameras for visual viewing, and remote monitoring.

Some of these include Riyadh, Jeddah, and Dammam cities which have been experiencing growth of infrastructural amenities. This progress increases the need for fencing solutions to protect all types of property such as residential, commercial, and industrial ones. This assists in stopping people who are unauthorized from accessing them and also assists in protecting valuable assets from theft and robberies.

Key Insights

• Metal is the largest and fastest-growing category (50% market share in 2024, 5.6% CAGR) due to its strength, durability, and versatility in design.
• Petroleum & chemicals are the fastest-growing category (6.0% CAGR) as fencing is crucial for securing assets from unauthorized access in these industries.
• The contractor category dominates with a 70% market share in 2024 and a higher CAGR of 5.4%, offering expertise in designing and installing fences.
• The online category is expected to grow fastest (5.5% CAGR) due to increasing digitalization and e-commerce adoption.
• Metal fences are resistant to rust, corrosion, and weathering, making them ideal for harsh climates like deserts.
• Metal fences have diverse applications in public infrastructure, government locations, industrial sites, business complexes, and residential properties.
• Contractor expertise includes site evaluations, installation guarantees, and customized solutions to meet client demands.
• Online platforms provide comprehensive information on fence materials, pricing, features, customer feedback, and specifications.
• Al-Riyadh province leads with a 40% market share in 2024, driven by ongoing residential, commercial, and industrial projects.
• Fencing plays a vital role in asset protection, privacy, and operational efficiency across various industries and applications.
• In February 2024, Praesidiad received a manufacturing license, and it signed a commercial agreement with Al Kuhaimi Metal Industries. This agreement allows these companies to better serve the Saudi defense sector, by producing and delivering high-security fences.

Source: P&S Intelligence