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Plastic fencing market to depict appreciable growth prospects over 2019-2024, North America to emerge as a prominent revenue pocket

Author : Rahul Varpe | Published Date : 2019-03-28 

North America plastic fencing market share accounted for 30% of global market share in 2016. Increasing infrastructure spending in private as well as public construction will drive the regional market growth. U.S.  average annual rate of construction spending was around USD 1.2 trillion in 2016. Private construction spending was at annual rate of USD 900 billion in 2016. Strong economic conditions accompanied by developed market are the supporting factors of the U.S. plastic fencing market.

Increasing construction of new residential houses and commercial spaces are key factors driving Plastic Fencing Market growth. Shifting consumer preference towards lightweight and minimal maintenance fencing will enhance product penetration. Increasing infrastructure projects owing to rapid population growth will further fuel demand.

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Vinyl is highly consumed material in plastic fencing market. The segment already accounts for over 45% of the demand in 2016. Minimum maintenance cost along with higher mechanical properties are key factors fueling segment growth. Shifting trend towards remodelling & renovation particularly in residential sector remains the key factor driving industry growth.

Picket fence accounted for 40% of the industry share in 2016. Increasing customer’s interest toward outdoor enhancement and home decor will generate substantial gains over the forecast timespan. These fences are a decorative way to keep children and pets inside the boundary without obstructing outside view.

Post & rail market is set to gain over 6% CAGR up to 2024. These are a traditional and attractive style of fences that has been a primary view of the English countryside communities. The product is gaining attention from agriculture sector due growing need to safeguard the farm, livestock, and crops from wild animals.

Increasing security concerns among consumers for protection of residentials houses will drive privacy fencing demand. Accelerating residential construction spending is anticipated to favor the overall industry growth.

Temporary fencing is gaining market popularity due to large usage in military facility, wild parks, and aquatic centers. Made from robust threads of HDPE and a very exclusive knitting pattern, the product delivers a strong, long-lasting, and user-friendly product segment to the customers.

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Residential sector contributes around 50% of the overall plastic fencing market share in 2016. Increasing consumer preference for small and private housing due to shifting trend towards nuclear family is expected to boost demand from residential sector.

Global industry share includes Tenax Corporation, Pexco, Durafence, Weatherables, Veka and Certain Teed other players are Seven Trust, Forgarty PVC, Planet Polynet, Walpole Outdoors and ITOCHU are some of the major manufacturing companies. These companies are anticipated to increase R&D investments and technological innovations to gain competitive advantage.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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