March 16, 2020
The new research report on ‘U.S. Plastic Fencing Market Size By Material, Application, End-Use, Industry Analysis Report, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024’, available with Market Study Report LLC, U.S. plastic fencing market is presumed to surpass USD 1.6 billion by the year 2024.
The growth is attributed to favorable macroeconomic factors that have increased the investments towards development of commercial and residential infrastructure. Supportive government regulations, which promote safety & security of public establishments, and growing demand for aesthetically appealing and superior properties throughout the residential sectors are also driving the market growth.
Increasing awareness pertaining to safety & security owing to high crime rate is further fostering the expansion of U.S. plastic fencing market. Moreover, shifting preferences towards eco-friendly and sustainable fencing solutions is also augmenting the demand for plastic fencing.
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As per material type, vinyl fencing segment is expected to register significant growth during the forecast period. Vinyl fencing offers various properties such as low-cost, resistance to abrasion & weather, and high durability. This type of fencing is also easier to install as compared to metal or wood fencing.
The report states that in 2017 private fencing market segment held 22% share and is anticipated to expand substantially during the estimated timeframe. Increasing expenditure towards development of residential sector coupled with growing inclination towards improving the aesthetic value of the property are favoring the market outlook.
Citing end-use landscape, the residential sector held the largest share in the overall market and will witness lucrative growth in the forthcoming years. Favorable demographic and macroeconomic outlook has aided the expansion of residential sector, which would impel market demand. Additionally, rising renovation activities of existing households for aesthetic and security benefits are fueling the segmental growth.
The prominent companies operating in the U.S. plastic fencing market are Associated Materials, Premium Vinyl Manufacturing, Southern Vinyl Manufacturing, Tenax Corporation, USA Fence, Superior Plastic Products, Walpole Outdoors, Hoover Fence Co., Pexco, and CertainTeed Corporation.
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