NEW YORK, March 6, 2017 /PRNewswire/ -- Industry Study with Forecasts for 2020 & 2025
Read the full report: http://www.reportlinker.com/p0703267-summary/view-report.html
Freedonia's new study analyzes the US fencing market by material (metal, wood, plastic and composite, concrete, and other materials) and market (residential building, nonresidential building, nonbuilding, and agricultural). Overall demand for fencing is expected to grow 2.6 percent annually through 2020. Metal remains the leading fencing material type, though plastic and composite fencing continues to make inroads.
Gain answers to questions such as:
- Which markets and products will benefit most from continued growth in US construction activity?
- How are changes in consumer preferences affecting the market share of each fencing material type?
- What are the benefits of plastic and composite fencing?
Description
Growth in fencing will be driven by rising building construction expenditures. The increased adoption of high value fencing materials such as ornamental metal and plastic and composite lumber will further boost demand. These materials have the ability to improve the appearance and value of the properties where they are installed, which will lead more consumers to select them.
Residential fencing benefits from home improvement
The residential building market accounts for the largest share of fencing demand, and is expected to outpace all other markets through 2020. Gains will be driven by sustained strong growth in housing completions. Rising residential improvement and repair spending will further drive fencing demand growth. As consumer confidence continues to grow, more homeowners are expected to undertake home improvement projects, including the addition of new fences and the repair of existing fences to improve the appearance and value of their properties.
Metal fencing retains largest share of market
Metal fencing accounts for the largest share of fencing demand in terms of both value and linear feet. Ornamental metal fencing is expected to grow at the fastest pace of all metal materials because an increasing number of consumers believe that it enhances the exterior appearance and value of properties. However, chain link fencing will continue to be the largest category of metal fencing demand due to its low cost and durability.
Plastic & composite fencing to register rapid growth
Demand for wood fencing is expected to remain above that of plastic and composite fencing through the forecast period, primarily due to its lower cost. The plastic and composite fencing segment is expected to register the most rapid rate of growth in both value and length through 2020, driven by the popularity of these materials. Plastics and composites have longer lifespans, are less susceptible to damage caused by the elements, and offer long-term color consistency.
Study coverage
Fencing presents historical demand data (2005, 2010, 2015) plus forecasts (2020, 2025) by product (metal, wood, concrete, plastic and composite, gates and accessories, other materials), market (residential, nonresidential buildings, nonbuilding, agricultural) and region of the US. In addition, the study assesses key market environment factors, examines the industry structure, and evaluates company market share.
Read the full report: http://www.reportlinker.com/p0703267-summary/view-report.html
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