The U.S. fencing market size is expected to reach USD 12.0 billion by 2027, registering a CAGR of 4.9% over the forecast period, according to a new report by Grand View Research, Inc. Rapid growth in construction activities for both, residential and commercial buildings, along with security and privacy concerns, drives the demand for fences in U.S.
The
market is anticipated to continue to grow at a steady pace in the coming years.
The market is expected to witness high traction over the forecast period owing
to a high demand for fencing bridge and elevated highway construction sites in
the country. Rise in disposable income plays a key role in increased consumer spending
on renovating houses, subsequently driving the demand for fences.
Availability
of a wide range of products with varying colors, features, and designs, coupled
with customizable products and solutions, also drives the market growth.
Furthermore, a range of fencing designs are available which are aesthetically
appealing as well. Government initiatives and investments in infrastructure
development and construction projects are also driving the market growth in
different verticals.
The
U.S. fencing market has witnessed several new enhancements in terms of
technology in products as well as the manufacturing of products. Moreover, a
developed distribution network and strong manufacturing lineups in the country
drives the launch of new and improved products. Though the industry is largely
dependent on raw material suppliers and big metal suppliers, the market for
fencing is thriving owing to a stable economy and the developing real estate
market in the country.
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U.S. Fencing
Market Report Highlights
- The demand
for fences in U.S. is expected to gain traction owing to the growing
residential sector and real estate developments
- The concrete
fencing segment is anticipated to witness a significant growth rate over
the forecast period owing to properties such as durability
- The online
segment is expected to witness high traction over the forecast period
owing to increasing internet penetration and advantages such as ease of
purchase and doorstep delivery
- Contractors
have the ability, experience, and knowledge regarding the installation of
fences, owing to which the contractor-based installation segment dominated
the market in 2019
- The
residential segment dominated the market in 2019 as privacy fences are
gaining more popularity since several new communities live in close
quarters. Since their houses are close together, individuals opt for
fences for privacy and security
- The
application of fencing products in government residential buildings,
embassies, and VIP residences drives the growth of the market in the
government end use segment
- Availability
of fashionable and low-cost fences, customizable options, and rising consumer
demand across the U.S. states are expected to drive the market growth over
the forecast period
- Key market
players include Gregory Industries, Inc.; Long Fence Company, Inc.; Jerith
Manufacturing Company Inc.; and Allied Tube & Conduit
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U.S. Fencing Market Segmentation
Grand View Research has
segmented the U.S. fencing market on the basis of material, distribution
channel, installation, application, end use, and region:
U.S. Fencing
Material Outlook (Revenue, USD Million, 2016 - 2027)
- Metal
- Aluminum
- Steel
- Others
- Wood
- Plastic & Composite
- Concrete
U.S. Fencing
Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)
- Online
- Retail
U.S. Fencing
Installation Outlook (Revenue, USD Million, 2016 - 2027)
- Do-It-Yourself
- Contractor
U.S. Fencing
Application Outlook (Revenue, USD Million, 2016 - 2027)
- Residential
- Agricultural
- Industrial
U.S. Fencing
End-use Outlook (Revenue, USD Million, 2016 - 2027)
- Government
- Petroleum & Chemicals
- Military & Defense
- Mining
- Energy & Power
- Transport
- Others
U.S. Fencing
Regional Outlook (Revenue, USD Million, 2016 - 2027)
- Alabama
- Arizona
- California
- Colorado
- Connecticut
- Florida
- Georgia
- Idaho
- Illinois
- Indiana
- Iowa
- Louisiana
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- South Carolina
- Tennessee
- Texas
- Utah
- Virginia
- Washington
- Wisconsin
- Others
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 info visit @ https://www.grandviewresearch.com
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