The US fencing market will reach US$12 billion by 2027 | Segmentation, Growth Prospects, Drivers, Regional Prospects, Product Benchmarks and Competitive Landscape | Million Insights-Digital Journal

2021-12-08 06:32:40 By : Ms. carrie zuo

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According to a new report released by Million Insights, the US fencing market is expected to reach US$12 billion by the end of 2027. It is expected that during the entire forecast period from 2020 to 2027, the market will grow at a compound annual growth rate of 4.9%. The increase in the number of construction projects in the residential and commercial sectors and the increasing attention to safety and security are driving product demand. In addition, the increase in the number of refurbishment projects in the United States is expected to further expand product demand during the forecast period.

Factors such as the availability of customized products made of various designs, colors and different materials are expected to drive demand for fencing products in the United States. In addition, these fencing products help improve the aesthetics of performance and are expected to further promote the market from 2020 to 2027 increase. In addition, increased government investment in infrastructure development and growth in the real estate industry are expected to drive market growth in the next few years.

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It is expected that the increase in spending by American consumers on home decoration and the increase in the level of consumer disposable income will increase the demand for products. In addition, the increase in the number of highway construction projects and the increasing penetration rate of fenced bridges across the country are expected to further promote the growth of the U.S. fence market from 2020 to 2027.

Leading manufacturers in this industry are focusing on mergers and acquisitions with regional and local players to expand their consumer reach and strengthen their distribution network. However, fluctuations in raw material prices are one of the constraints that are expected to hinder market growth. In addition, an increasing number of local players offering products at low prices is expected to become one of the biggest challenges faced by major industry players.

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The further main findings of the report indicate:

• In 2019, due to increasing demand from the government, agriculture, industry, and residential sectors, the metals sector has the largest market share in the US market.

• Due to the high strength of concrete materials and easy maintenance and installation of products, the concrete fence market segment is expected to achieve the fastest growth from 2020 to 2027.

• The contractor uses high-quality raw materials to install fences around various residential and non-residential buildings to make the fences extremely durable.

• Due to the high requirements for safety equipment such as fence products, roadblocks and closed-circuit televisions around power and energy stations, the power and energy sectors are expected to achieve significant growth from 2020 to 2027.

• In 2019, the residential application sector had the largest market share, with revenue of US$5.3 billion, and it is expected to maintain its dominant position from 2020 to 2027.

• Leading companies in this industry include Gregory Industries, Inc.; United Tubing and Conduit; Long Fence Company, Inc.; Related Materials Co., Ltd.; Bekaert; certain Tandem companies; Layer Gem Holdings; Poly Vinyl Creations Inc. ; And Jerrys Manufacturing Company.

Million Insights has segmented the U.S. fence market based on materials, distribution channels, installations, applications, end-uses, and regions:

Outlook for U.S. Fencing Materials (Revenue, Million Dollars, 2016-2027)

    • Metal

        • aluminum

        • steel

        • other

    • Wood

    • Plastics and composite materials

    • specific

Outlook for Fencing Distribution Channels in the United States (Revenue, Million Dollars, 2016-2027)

    • online

    • retail

Outlook for Fencing Installation in the United States (Revenue, Million Dollars, 2016-2027)

    • do it yourself

    • Contractor

U.S. fencing application prospects (revenue, million dollars, 2016 – 2027)

    • Residential

    • Agriculture

    • industrial

U.S. fencing end-use outlook (revenue, million dollars, 2016-2027)

    • government

    • Petroleum and chemical industry

    • Military and national defense

    • Mining

    • Energy and power

    • transportation

    • other

U.S. Fencing Regional Outlook (Revenue, Million Dollars, 2016-2027)

    • Alabama

    • Arizona

    • California

    • Colorado

    • Connecticut

    • Florida

    • Georgia

    • Idaho

    • Illinois

    • Indiana

    • Iowa

    • Louisiana State

    • 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

    • the state of Wisconsin

    • other

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