The State of the Fence Industry
As fences are becoming more popular the industry is predicted to grow.
According to the global market research company P&S Market Research, their recently conducted report outlines a landscape of the fencing market.
“The global fencing market is up surging at a significant rate, due to growing economies and middle class population, rising demand for security and safety, increasing consumer’s interest in home improvement and home décor, and expanding housing constructions or rebound in housing completions. The introduction of innovative and attractive fences, growing acceptance and popularity of synthetic alternatives, and increasing demand for residential fences are some of the factors providing ample growth opportunities for the global fencing market in the coming years. However, volatile raw material prices and increasing energy costs are restraining the growth of the global fencing market to some extent.
North America dominates the global fencing market, due to growing consumer demand for decorative and innovative home improvement products, and expanding residential sectors in the region.”
In addition, IBISWorld predicts that “in the five years leading up to 2019, the industry is set to expand. Average growth form 2009-2014 was over 2%, and it’s expected to continue to grow. Increased demand from homeowners and home developers will foster much of this expansion.”
While we realize there are opportunities, challenges, varying trends, and major competitors within the market – it’s nice to read the good news that our industry is thriving, and will continue to be for a while.
And that’s good news for ActiveYards®! As we continue to offer “Fencing Solutions for Life” – providing a solution for your
fencing needs by selecting a solution among our Privacy, Protection, Pool or Decorative options, we will help in your decision making choices every step of the way.
P&S Market Research: https://www.psmarketresearch.com/ Web. IBISWorld: http://www.ibisworld.com/industry/default.aspx?indid=2022 Web.