Us Fencing Demand to Rise 7% Annually Through 2018 - Bharat Book

Nov., 21th, 2014, Mumbai, India: Bharat Book Bureau presents the report, on "Fencing". Metal fencing accounted for the largest share of fencing demand in terms of both value and linear feet in 2013 and will continue to do so through 2018. While chain link fencing will continue to be used as an inexpensive yet durable way to mark boundaries and secure properties, ornamental metal fencing will post the strongest demand advances of all metal fencing products.

US demand to rise 7% annually through 2018

Demand for fencing in the US is forecast to expand 7.0 percent per year to $9.0 billion in 2018, totaling 875 million linear feet. Advances will be spurred by an anticipated rebound in building construction spending from a low 2013 base. Growth will also be boosted by rising consumer interest in such high-value fencing materials as ornamental metal and plastic and composite lumber fencing. Many consumers are opting for fences made from these materials based on their ability to improve the appearance and value of the properties where they are installed.

Nonresidential market to outpace residential

Demand for fencing in the large residential market is forecast to rise at an above average pace through 2018, fueled by a strong rebound in housing completions. The residential improvement and repair segment will further support demand advances as homeowners who put off or canceled home improvement projects during the 2007-2009 recession and its aftermath undertake them going forward. Residential fences are typically installed to improve the exterior appearance of properties or to enhance privacy.

US nonresidential building construction applications are expected to exhibit even more rapid advances in fencing demand, reaching $2.3 billion. Strong gains in nonresidential building construction expenditures will spur growth. The office and commercial construction segment will register the most rapid advances in fencing demand as owners of hotels, resorts, shopping malls,...