Government to Play Significant Role in Growth of Fencing Market Post COVID-19 Outbreak
Market Overview Market Research Future (MRFR) projects the fencing market 2020 to record a growth rate of close to 5.12% between 2018 and 2023, which is the appraisal period. It is also estimated that the market value by the end of 2023 can be USD 26.51 billion, adds MRFR. We will provide covid-19 impact analysis with the report. The COVID-19 research on the fencing market offers an in-depth analysis post the coronavirus disease outbreak. COVID-19 Analysis The construction industry, and in turn the fencing market was flourishing backed by heavy investments, but the recent COVID-19 outbreak has suspended various construction activities. In the wake of the pandemic, there is scarcity in labor and rising vulnerability in the supply chain, which has led to project delays in the existing projects as well as the upcoming ones. Uncertainty induced by the current lockdown situation has made it tough to predict how fast the fencing market can recover in the coming years. Lockdowns due to ...