The demand for fencing has been rising in the United States. Analysts suggest that the demand for the fencing industry will continue to expand by about 7 percent annually. This rise is expected up to 2018. The industry is expected to be valued at $9 billion in 2018 which would total to 875 million in linear feet. There is a likely rebound in the building construction niche which is spurred by the low spending in 2013. The growth is also seen to be boosted by increasing market interest in high-value fencing items like the ornamental metal, composite lumber and plastics. There are reportedly a lot of consumers who are opting for these kind of fences based on the premise that these materials improve the value of the properties as it improves its appearance upon installation.
Nonresidential to outpace residential markets
The demand for fencing in the bigger residential market is expected to rise at a pace which is above average through 2018. This prediction is based on the strong rebound among housing completions. Among those that will support the advance in demand is the repair segment as well as the residential improvement. It is likewise reported that homeowners who put on hold or cancelled their home improvement projects during the recession years of 2007 to 2009 have expressed that they will continue with the project. Residential fences are usually installed in order to improve the appearance of residential properties and also to enhance privacy. The non residential building constructions in the United States are expected to be even more advance in the fencing demand which is expected to reach at least $2.3 billion. The strong gains in the construction of buildings which are nonresidential will spur this growth. The most rapid advances will be taken by the commercial and office construction segment as owners of shopping malls, resorts, casinos, hotels and retail stores install fences for security measures and in order to delineate parking spaces.
Composite, plastic and concrete materials growing the fastest
The materials cited above are expected to outpace other materials used in fencing throughout 2018. The demand in concrete materials is boosted by the increasing interest of consumers when it comes to durable and attractive fencing.