Press Release Summary = US fencing demand to top $6.5 billion in 2010
Fencing demand (measured at the manufacturers' level) in the US is expected to rise more than two percent per year through 2010 to 970 million linear feet, with total value exceeding $6.5 billion.
Press Release Body = Fencing industry forecasts to 2010
US fencing demand to top $6.5 billion in 2010
Fencing demand (measured at the manufacturers' level) in the US is expected to rise more than two percent per year through 2010 to 970 million linear feet, with total value exceeding $6.5 billion. A strong outlook for nonresidential building and nonbuilding construction spending will drive demand for fencing. A brighter economic outlook will buoy gains in agriculture applications. In the large residential market, fortunes will be mixed. However, improvement and repair applications will provide better growth opportunities through 2010.
Plastic, concrete fencing to grow the fastest
Among the major types of fence 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 advantages in reduced maintenance costs. Vinyl will continue to account for the largest share of plastic fencing demand, with wood-plastic composites a much smaller, but quickly growing segment. Concrete fencing is available in styles that imitate wood, stone or brick. Precast concrete panels will provide the best growth opportunities in this segment because of ease of installation and the ability to mold, shape and color them to meet end user preferences. Concrete fencing provides a formidable barrier to intruders and helps reduce noise transmission, characteristics that will benefit demand.
Metal fencing to benefit from nonresidential and nonbuilding construction
Metal fencing, the largest segment in area terms, is forecast to increase at an aboveaverage pace through 2010. A recovery in nonresidential and nonbuilding construction spending will fuel advances, as metal is the primary material used in these installations. Additionally, ongoing security concerns will support opportunities in these markets. However, increasing competition from plastic fencing, particularly in ornamental installations, will hamper growth in metal fencing. Wood fencing is the second leading material used and will see minimal growth through 2010, as the new housing market cools from highs in 2005 and from competition with alternative materials that mimic the look of wood without the maintenance.
West, South to show most rapid gains by US region
The South was the largest regional market for fencing in 2005. Through the forecast period, advances in fencing demand are projected to be the fastest in the West and South because of more favorable outlooks for construction spending, economic growth and population gains.
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