DUBLIN--(BUSINESS WIRE )--The "U.S. Fencing Market Size, Share & Trends Analysis Report by Material (Metal, Wood, Concrete, Plastic & Composites), by Application, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The U.S. fencing market size is expected to reach USD 12.70 billion by 2030, according to this report. The market is anticipated to expand at a CAGR of 5.0% from 2022 to 2030. This growth can be attributed to increasing consumer preference for residential safety and security. Moreover, growing concern for improved home decor and increasing residential construction projects are also estimated to drive the market over the forecast period.
The fencing industry is primarily driven by factors such as increasing housing construction and growing demand from end-user industries such as the residential, industrial, and agricultural sectors. In the residential sector, vinyl fence is mostly preferred due to their low maintenance, durability, and eco-friendly characteristics. Wooden fences are predominant in areas close to forests whereas wire fences are more preferred in industrial applications.
Key players operating in the U.S. market for fencing have been categorized into industry leaders, emerging players, innovators, and niche players. The fencing market in the U.S. is extremely competitive because of the vast number of companies. To retain their position in the fence industry, leading manufacturers in the U.S. are concentrating on research and development operations to lower operational costs, boost production and storage efficiency, and improve product quality; to retain their position in the fence industry.
Several technologies are used in fencing, and one such technology is the electric security fencing system which is a form of wired barrier that deters animals and people from breaching a border by using electric shocks. These systems may also be used to protect agricultural fields from other unanticipated dangers. Furthermore, the wires immediately trigger an alert, which is sent to the security officers stationed in the nearby locality.
This distribution network for fencing in the U.S. is extensive and competitive. To maintain leadership, dominant companies have turned to merger and acquisition strategies. On a local level, there is intense competition among the players. Companies actively compete with each other using various marketing and advertising strategies to increase their share. In addition, there is a high potential for market consolidation in the U.S. that is anticipated to lead to intense rivalry in the future years.
U.S. Fencing Market Report Highlights
Chapter 1. Methodology & Report Scope
Chapter 3. U.S. Fencing Market Variables, Trends & Scope
Chapter 4. U.S. Fencing Market: Material Estimates & Trend Analysis
Chapter 5. U.S. Fencing Market: Application Estimates & Trend Analysis
Chapter 6. U.S. Fencing Market: Regional Estimates & Trend Analysis
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900