Plastic Fencing Market worth around USD 6.3 Bn by 2026
Published Date: January 30, 2020 Authors: Kiran Pulidindi, Hemant Pandey
Plastic Fencing Market revenue will exceed USD 6.3 billion by 2026; according to a new research report by Global Market Insights, Inc.
Superior aesthetics of the fences will drive the industry growth
Growing demand for durable and aesthetic fences and railings in the building surroundings will escalate plastic fencing market growth. Multiple advantages including high strength, low maintenance and easy installation is increasing the installation of plastic fences. The boundary fencing demand varies depending on the consumer requirements. For instance, commercial buildings prefer strong fences with improved visibility and better aesthetics for the infrastructure.
Renovations in households have observed a strong upsurge and are expected to increase fencing utilization to provide security and enhance the overall surroundings. The shift in consumer preference toward appealing exteriors will positively influence the product demand. Moreover, continuous growth in the residential construction industry will positively influence plastic fencing industry demand over the study timeframe.
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Browse key industry insights spread across 245 pages with 313 market data tables & 12 figures & charts from the report, “Plastic Fencing Market Size By Material (Polyethylene, Plastic Composites, Vinyl, Polystyrene), By Product (Picket Fence, Post & Rail Fence, Chain Link Fence, Gates), By Application (Privacy Fencing, Temporary Fencing, Boundary Fencing, Pool Fencing), By End-use (Residential, Agriculture, Commercial & Industrial), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
Polystyrene will foresee 7% CAGR owing to superior properties such as high recyclability, resistance toward changes in weather circumstances and reduction in on site costs. Moreover, increasing preference owing to easy maintenance and sustainability will induce significant growth potential over the study timeframe.
Chain link plastic fencing are pre-woven links that are designed in zig-zag wire structure through the automated weaving process. These can easily be customized and available in single and double wall slats. Each slat is fabricated with standard electrified or color corresponding plastic-coated wire. The automated method reduces the installation time and labor costs thereby propelling the plastic fencing market share.
Safety concerns around pool area to boost product demand
Pool fences are designed to deliver additional safety by going around the boundary and safeguarding children from accidentally falling in and possibly drowning. Increasing regulations regarding safety including the presence of self-closing and self-latching entry will support the segment growth. Majority of countries design, produce, and install swimming pool fence properties following the International Code Councils (ICC) guidelines.
Changing lifestyle along with the rising need for security in residential buildings is driving plastic fencing market growth. Increasing preference for private buildings owing to shifting trend toward nuclear families is escalating the industry size. Further, the commercial & industrial segment will foresee significant growth with increasing deployment of barriers to improve the safety of people and property.
Latin America to bank upon increasing consumer spending
Latin America is at a nascent stage and will witness steady growth owing to increasing consumer spending. According to International Monetory Fund (IMF), the region is bound to witness a growth of around 2.3% in real GDP in 2020. Ongoing tax reforms and trade liberalization will significantly enhance the consumer spending. Further, growing installation of products offering improved designs will escalate the revenue generation.
Mergers and acquisition to emerge as key strategy for industry players
The plastic fencing market share participants are involved in several expansion strategies to enhance the geographical coverage and profitability. For instance, in 2017, Walpole Outdoors collaborated with AZEK Building Products to enhance its brand value and supply pre-manufactured PVC kits.
Other key players operating in the value chain includes Tenax, CertainTeed, Superior Plastic Products, Pexco, Veka AG, ITOCHU Corporation, Durafence and Walpole Outdoors among others. These companies are involved in various other strategies such as new product development, capacity expansion, etc in increase their industry foothold.
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