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Demand For Metal Fencing Will Increase With The Industry Average Through 2016

Press Release   •   Jul 27, 2012 14:10 IST

Fencing to 2016
 
 US demand to rise 7.1% annually through 2016
 Demand for fencing in the US is forecast to expand 7.1 percent per year to $8.3 billion in 2016, totaling 835 million linear feet. Growth will be driven by an expected rebound in building construction from a depressed 2011 base. In addition, advances will be supported by rising use of high-value fencing materials, such as ornamental metal and plastic and composite lumber. Consumers will opt for these materials because of their favorable aesthetic qualities and performance properties. http://www.bharatbook.com/metals-and-minerals-market-research-reports/fencing-to-2016.html
 
 Residential fencing market to outpace nonresidential
 The residential market accounted for the largest share of fencing demand in 2011 and will remain the market leader in 2016. Demand for fencing in residential building construction applications is forecast to increase at an above-average pace through 2016, fueled by a rebound in housing completions. Further growth will be supported by the large residential replacement segment, which will benefit from a recovery in improvement and repair spending. Global Market Analysis
 
 Nonresidential fencing demand will see strong gains through 2016. Increasing nonresidential building construction -- particularly in the office and commercial segment -- will stimulate demand. Fences are often installed around nonresidential structures to pro-vide security barriers and to demarcate property lines. Fencing demand in the nonbuilding and agricultural markets will rise modestly through 2016. Gains will be moderated by the prevalence of low-cost materials, such as wood and metal wire, in these markets.
 
 Plastic, composite fencing to be fastest growing
 Among fencing materials, plastic and composite lumber is forecast to see the most rapid growth in demand through 2016. Plastic and composite materials often resembles natural wood, but has minimal maintenance needs and has a longer lifespan than wood fencing. Plastic and composite lumber is also seen as being a “green” material because it is often made from recycled materials, such as reclaimed plastics and wood scraps.
 
 In 2011, metal fencing accounted for the largest share of the fencing market in both dollar value and linear feet. Chain link fencing is often used to mark boundaries and secure properties, while ornamental metal fencing is erected around houses and businesses to form an aesthetically pleasing barrier. Demand for metal fencing will increase in line with the industry average through 2016, with ornamental fencing fortifying gains. In addition to the rebound in housing activity, some business owners will opt for ornamental fencing to serve as an aesthetically pleasing alternative to chain link and wire fencing.
 
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