Fencing demand in the United States is expected to rise 2.2 percent per year through 2010, according to a study conducted by Cleveland-based market research firm the Freedonia Group.
A strong outlook for nonresidential building and non-building construction spending will drive demand, according to the study. Repair and maintenance activity is expected to continue to support demand for fencing in the agricultural market.
Among the major types of fencing products, plastic and concrete fencing are projected to post the fastest growth through 2010. Gains for plastic and wood-plastic composite fencing will be primarily at the expense of wood and ornamental metal fencing. Plastic materials can offer similar aesthetics to wood and metal with advantage in reduced maintenance costs. Vinyl will continue to account for the largest share of plastic fencing demand, with wood-plastic composites representing a much smaller, but quickly growing segment. Concrete fencing is available in styles that imitate wood, stone or brick. The study forecasts that precast concrete panels will provide the best opportunities for growth in this segment.
Metal fencing, the largest segment in unit terms, is expected to increase at a pace in line with the industry average through 2010. Ongoing security concerns will also support growth opportunities in this market.