Global Market Insights has recently added a report on Plastic Fencing Market 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.
North America 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.
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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Plastic Fencing Market growth is driven by increasing construction of new residential houses and commercial spaces. 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.
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 Plastic Fencing Market growth. 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.
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.
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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Major players in plastic fencing market includes:
- Tenax Corporation
- Veka Certain Teed
- Seven Trust
- Forgarty PVC
- Planet Polynet
- Walpole Outdoors
These companies are anticipated to increase R&D investments and technological innovations to gain competitive advantage.
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 remodeling & 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.