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Chain Link Fencing to Remain Leading Metal Fence Type Through 2024

Freedonia Group logo

News provided by

The Freedonia Group

May 27, 2020, 09:37 ET

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CLEVELAND, May 27, 2020 /PRNewswire/ -- The fencing industry, like the construction sector overall, is seeing a significant impact from the ongoing COVID-19 pandemic in terms of both sales and production. Although this impact is expected to be most intense in the short-term, it could have lasting implications for the industry if habits developed during this crisis are retained.

Metal Will Remain the Most Used Fencing Material

Metal fencing demand is forecast to increase 2.7% annually through 2024 to $4.9 billion. Metal will remain the largest fencing material type in both value and linear feet due to:

  • the specification of metal fencing because of its durability, minimal maintenance requirements, and security attributes
  • the increased use of higher priced ornamental metal fencing because of its attractive appearance
  • ongoing demand for chain link fencing among cost-conscious consumers looking for durability

Chain link fencing was the leading metal fencing type in 2019 and will account for the majority of metal fencing demand gains through 2024 because of its versatility and low cost relative to ornamental metal. Chain link fencing is used heavily in the commercial and nonbuilding segments as low maintenance security fence. I the residential market, some homeowners and multifamily housing units will specify chain link for its durability and ease of installation.

See the study Fencing for these trends and why plastic fencing will grow the fastest of all types.

About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.842.2400
[email protected]

SOURCE The Freedonia Group

Related Links

http://www.freedoniagroup.com

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