US Fencing Market Size, Share, and COVID-19 Impact Analysis, By Material (Metal, Wood, Concrete, Plastic, and Composites), By Application (Residential and Others), and US Fencing Market Insights, Industry Trend, Forecasts to 2033.
Industry: Banking & FinancialUS Fencing Market Insights Forecasts to 2033
- The United States Fencing Market Size was valued at USD 9.23 Billion in 2023.
- The Market is Growing at a CAGR of 5.81%from 2023 to 2033
- The US Fencing Market Size is Expected to Reach USD 16.23 Billion by 2033
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The US Fencing Market is Anticipated to exceed USD 16.23 Billion by 2033, growing at a CAGR of 5.81% from 2023 to 2033. The fencing market in the United States is growing due to a strong economy and a well-established market.
Market Overview
Fencing is a means of protecting any property that requires security and protection against trespassers. Residential, commercial, and agricultural structures are safeguarded by fences. Agriculture and commerce employ the two types of wire fences that are most widely employed. Commercial wire fencing is commonly used to protect parks, residences, and other structures, whereas agricultural wire fencing is often used to protect cattle. Building fences does two things: it keeps animals inside the approved area and makes sure that no trespassers or unwanted items enter the land being secured. Eco-friendly fence materials are expected to gain popularity as people become more ecologically concerned. Meanwhile, due to their high maintenance requirements, vinyl fences and other low-maintenance solutions are growing in popularity. Other environmentally friendly options, such as wood, composite, and organic recycled materials, are also very popular. Wood is a common material choice for residential applications due to its natural attractiveness. Fencing operations use a variety of technologies, such as detection systems with sensors integrated in to identify any interference from attempts to climb or hack the fence.
Report Coverage
This research report categorizes the market for the US fencing market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the US fencing market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the US fencing market.
US Fencing Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 9.23 Billion |
Forecast Period: | 2023 - 2033 |
Forecast Period CAGR 2023 - 2033 : | 5.81% |
2033 Value Projection: | USD 16.23 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 260 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Material, By Application |
Companies covered:: | Allied Tube & Conduit, Ameristar Fence Products Incorporated, Associated Materials LLC, Bekaert, CERTAINTEED, Gregory Industries, Jerith Manufacturing, Long Fence Company Inc., Ply Gem Residential Solutions, Poly Vinyl Creations, and Others |
Pitfalls & Challenges: | Covid 19 Impact Challanges, Future, Growth and Analysis |
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Driving Factors
Due to a strong economy and a firmly established market, the fence industry in the United States is growing. The market in the United States is developing as construction activity increases and consumers desire appealing home items. Consumer interest in home improvement and decoration is expected to drive additional market expansion. In addition, as security breaches increase, so does the demand for safety and security. The expansion of the real estate industry and an increase in renovation jobs, as well as the availability of a diverse range of products with various styles, features, and colors, as well as readily available customizable items, all contribute to the market's growth. Fencing is commonly used in industrial companies, institutions, and schools to improve security and safety.
Restraining Factors
Market expansion restrictions include high energy costs and variable raw material prices. For fencing producers, electricity and gas are expensive, accounting for more than 30% of total manufacturing costs. Multiple companies seek to reduce losses by raising the overall cost of their items. Furthermore, more metal components must be obtained, which is costly and difficult to obtain in order to make robust, multicolored walls.
Market Segmentation
The US fencing market share is classified into material and application.
- The metal segment is expected to hold the largest market share through the forecast period.
The US fencing market is segmented by material into metal, wood, concrete, plastic, and composites. Among these, the metal segment is expected to hold the largest market share through the forecast period. Steel, aluminium, and other materials including wrought iron and cast iron are all used to make metal fences. The elements driving demand include low-cost materials, cost-effectiveness, security, and aesthetic appeal.
- The residential segment is expected to dominate the US fencing market during the forecast period.
Based on the application, the US fencing market is divided into residential and others. Among these, the residential segment is expected to dominate the US fencing market during the forecast period. Attributable to the significant residential construction activities around the globe. Investments in residential fence systems are being driven by increased disposable income and a strong desire for security and privacy among households.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the US fencing market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Allied Tube & Conduit
- Ameristar Fence Products Incorporated
- Associated Materials LLC
- Bekaert
- CERTAINTEED
- Gregory Industries
- Jerith Manufacturing
- Long Fence Company Inc.
- Ply Gem Residential Solutions
- Poly Vinyl Creations
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In September 2023, The US-based fencing business Atlantic Fence Supply has been acquired by Fencing Supply Group. This acquisition will enable Fencing Supply Group to broaden its offerings and extend its customer base.
Market Segment
This study forecasts revenue at US, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the US Fencing Market based on the below-mentioned segments:
US Fencing Market, By Material
- Metal
- Wood
- Concrete
- Plastic
- Composites
US Fencing Market, By Application
- Residential
- Others
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