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Increasing spending on residential and commercial infrastructure due to favorable macroeconomic outlook will fuel the market growth. In addition, the requirement for aesthetically appealing and novel property in residential sector and government measures to promote safety & security in public premises will entice business growth.According to the Graphical Research new growth forecast report titled “U.S. Plastic Fencing Market Size By Material (Polyethylene/ HDPE, Polystyrene, Plastic Composites, Vinyl), By Application (Private Fence, Picket Fence, Temporary Fence, Post & Rail, Pool Fence, Gates, Shed Storage, Chain Link), By End-Use (Residential, Agriculture, Commercial & Industrial), Industry Analysis Report, Country Outlook (U.S., Canada), 2018-2024”, estimated to exceed USD 1.6 billion by 2024.
Growing awareness of safety & security in the U.S. due to high crime rate is a key factor influencing the market. The U.S. property crime rate was recorded at 2487 per 100,000 population in 2016. There has also been a shift in preference among the consumers towards sustainable and eco-friendly fencing solutions, propelling the demand for plastic fencing.
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Vinyl is expected to witness steady growth over the coming years. It accounted for over 50% of the material used in U.S. plastic fencing market. Excellent durability, weather and abrasion resistance coupled with cost-effectiveness has bolstered its demand in the region. Vinyl fencing also provides ease of application when compared to wood and metal fencing as it doesn’t require painting or staining and is available in ready to install strips.
Private fencing accounted for over 22% of the market share in 2017. Accelerating spending on residential sector owing to recovery from recessionary pressures will boost the demand for private fencing. In addition, the growing trend of enhancing the aesthetic appeal and value of the property will favor business growth.
Residential sector accounted for the largest share in the end use segment. Positive macroeconomic and demographic outlook is expected to trigger expansion in the residential sector fostering the market demand. The region is also witnessing a strong upsurge in renovations of households for security and aesthetic benefits fostering demand for fencing.
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Prominent manufacturers in the U.S. plastic fencing market includes Walpole Outdoors, Tenax, Hoover Fence, Premium Vinyl Manufacturing, CertainTeed, Associated Materials and Superior Plastic Products. The market is highly fragmented due to the presence of both regional and multinational manufacturers. Mergers & Acquisitions, joint ventures, collaborations and product portfolio expansion are the key strategies implemented by the major players to gain market share. R&D on bio-degradable and eco-friendly materials will play a crucial role in shaping the market dynamics over the coming years.
Segments we cover:
U.S. Plastic Fencing Market By Material
Polyethylene/ HDPE,
Polystyrene
Plastic Composites
Vinyl
U.S. Plastic Fencing Market By Application
Private Fence
Picket Fence
Temporary Fence
Post & Rail
Pool Fence
Gates
Shed Storage
Chain Link
U.S. Plastic Fencing Market By End Use
Residential
Agriculture
Commercial & Industrial
Browse Table of Contents @ https://www.graphicalresearch.com/table-of-content/1184/us-plastic-fencing-market
Related Reports:
North America Beverage Refrigeration Market : https://www.marketwatch.com/press-release/north-america-beverage-refrigeration-market-expected-to-reach-over-usd-12-bn-by-2024-2019-07-18
North America Painting Tools Market : https://www.marketwatch.com/press-release/painting-tools-market-in-north-america-to-observe-53-cagr-growth-to-2024-2019-07-19
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Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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Name: Parikhit B.
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Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1184/us-plastic-fencing-market
Release ID: 88901508
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