Plastic fencing market is set to register 6 billion-dollar revenue by 2024
Global Market Insights, Inc. has recently added a new report on plastic fencing market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of plastic fencing industry.
Selbyville, United States – August 26, 2019 /MarketersMedia/ —
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.
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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.
Enhanced aesthetic appeal of building and exterior infrastructure has positively influenced plastic fencing demand in residential and commercial sector. Also, increasing institutional construction projects by government to build parks and public places will provide lucrative opportunity for the industry growth.
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.
Browse key industry insights report, “Global Plastic Fencing Market Size By Material (Polyethylene/ HDPE, Plastic Composites, Vinyl), By Product (Picket Fence, Post & Rail Fence, Chain Link Fence, Gates), By Application (Privacy, Temporary, Boundary, Pool), By End-Use (Residential, Agriculture, Commercial & Industrial), Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Poland, China, India, Japan, South Korea, Australia, Indonesia, Vietnam, Brazil, Mexico, Argentina, Colombia, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024”.
https://www.gminsights.com/industry-analysis/plastic-fencing-market
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.
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.
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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.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Organization: Global Market Insights
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Website: https://www.gminsights.com/industry-analysis/plastic-fencing-market
Source: MarketersMedia
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