The U.S. fencing market is expected to reach USD 11.15
billion by 2024, according to a new report by Grand View Research, Inc. The
U.S. fencing market is a developed industry that is anticipated to keep growing
at a steady CAGR over the coming years. It comprises different types of
material fences including wood, metal, plastic, and concrete, among others that
find their usage in the residential, agricultural, and industrial applications.
A booming construction market for
the residential and commercial buildings in the country is acting as a major
catalyst in helping the market grow. The majority of demand for fences
originates in the same sector as security and privacy concerns are on the rise.
The availability of a wide range
of products with varying colors, features, and designs, coupled with
customizable products and solutions available in the market, are conducive to
the market growth. The government initiatives and investments in infrastructure
development and construction projects are also aiding in the industry’s growth
in different verticals.
The U.S. fencing industry has
seen many new enhancements in terms of technology in products as well as the
manufacturing of products. This, coupled with a developed distribution network
and strong manufacturing lineups in the country, is propelling the launch of
new and improved products into the market. Though the market largely depends on
the raw material suppliers and big metal suppliers, a stable economy and the
developing real estate market are helping the fencing industry thrive in the
region.
Browse full research report on U.S. Fencing Market: http://www.grandviewresearch.com/industry-analysis/us-fencing-market
Further key findings from
the report suggest:
- The industry is driven by a number of factors, among
which the growing residential sector and real estate developments are the
major impetus
- The demand for decorative and aesthetically enhanced
products and solutions is on the rise with a greater emphasis on
customized solutions
- The industry is witnessing a high level of
competition and is dominated by a few international players that have
global operations, despite which a number of regional and local companies
continue to thrive in their respective markets
- The key industry participants include Ameristar Fence
Products Inc., Bekaert, Beta Fence NV, Ply Gem Holdings, Inc., and Long
Fence Company, Inc.
- Companies such as Allied Tube and Conduit, Associated
Material LLC, CertainTeed Corp., Gregory Industries, Inc., Jerith
Manufacturing Company, Inc., and Poly Vinyl Creations are some other
prominent players in the industry
U.S. fencing market has been segmented on the basis of
materials and applications:
U.S. Fencing Market Material Outlook (Revenue, USD
Million; 2014 - 2024)
- Metal
- Wood
- Plastic
and Composite
- Concrete
U.S. Fencing Market Application Outlook (Revenue, USD
Million; 2014 - 2024)
- Residential
- Agricultural
- Industrial
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information:
http://www.grandviewresearch.com
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