Global Market Insights has recently added a report on Plastic Fencing Market Share 2019-2024 which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.
The rapidly changing trends in the sports industry would certainly have a commendable impact on the dynamics of Plastic Fencing Market size. Regional governments have been making extensive investments in sports infrastructure developments including Lawn Tennis clubs, car racing clubs, and golf clubs, where protective fencing is being mandated by the concerned authorities. Indeed, aided by the humongous application spectrum and the appreciable efforts of industry players to innovate sophisticated products, plastic fencing market size is likely to cross USD 6 billion by 2024.
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Currently, these fences are being massively deployed across major building structures instead of metal fences, primarily on account of the product’s weight, high strength, ease of handling, transportation, and installation. These fences also provide the benefits of meshing stability, UV stability, and good visibility, owing to which they are being installed majorly across tennis courts, football fields, and golf courses, thereby fueling plastic fencing industry share.
Plastic fencing has emerged as the go-to option in many amusement parks and animal reservoirs, on the grounds of increased protection. In fact, regional governments and amusement park organizers have been extending offers of fencing projects to plastic fencing market players, in order to install different types of mesh fencing and railings that would ensure visitors’ safety. On these grounds, many companies in plastic fencing industry have been enhancing their research capabilities and design portfolios to improve the product quality. Some of the companies have even purchased enterprise software facilities to carry out in-depth stress testing for ensuring product strength. In addition, industry participants are also implementing several manufacturing processes such as powder coating and galvanizing to obtain an aesthetically pleasant look and a smooth surface, expanding the number of opportunities for plastic fencing market firms.
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Speaking about the initiatives taken by renowned biggies, it is prudent to mention the contribution of the Germany based specialist for doors, windows, decks, fences, and rails – Veka Inc. This firm has been making extensive investments in facility expansions in order to strengthen its stance in the regional plastic fencing industry. In fact, recently in 2017, it has built its fourth consecutive plant North America with 30 new extrusion lines that will be completed in second half of 2018. With this business expansion, Veka is looking forward to tapping most of the business opportunities across North America and Latin America.
Citing yet another instance, in 2015, another well-known manufacturer of plastic fencing and barriers, Tenax Corp has invested USD 4.5 million to increase production at Baltimore plant, with an intention to enhance its fencing production facility for garden and pet lines. Indeed, it is also imperative to state that the increasing refurbishment of livestock infrastructure to stimulate the agricultural community will boost plastic fencing industry outlook over the years ahead.
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The escalating renovation and replacement of old railings and other security fences is slated to impel plastic fencing industry share. For instance, in 2016, the UK government called upon IAE to replace old concrete posts and weld meshes with new high strength plastic fences in order to secure RAF bases. IAE is also continuously expanding its product range encompassing plastic protection to combat the existing metal options. Currently, many of the companies have found the alternatives for metal parts with the development of composite materials like carbon fiber and plastic composites, which provides high durability and superior performance at a comparatively lower cost. In essence, this would prove to be highly lucrative for plastic fencing market share from plastic composites, that would register a CAGR of 6% over 2017-2024.
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