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Comprehensive Analysis on Plastic Fencing Market | Tenax Corporation, Pexco, Durafence, Weatherables, Veka, CertainTeed

11-12-2019 03:33 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Plastic Fencing Market

Plastic Fencing Market

Plastic Fencing Market forecast report now available with Global Market Insights encompasses an exhaustive study of this business space with regards to pivotal industry drivers, market share analysis, and the latest trends characterizing the Plastic Fencing industry landscape. This report also provides in detail, the market size, growth spectrum, and the competitive scenario of Plastic Fencing market in the forecast timeline.

North America Plastic fencing market is accounted for 30% of global market share in 2016. Increasing infrastructure spending in private as well as public construction will drive the regional market growth. U.S. average annual rate of construction spending was around USD 1.2 trillion in 2016. Private construction spending was at annual rate of USD 900 billion in 2016. Strong economic conditions accompanied by developed market are the supporting factors of the U.S. plastic fencing market.

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Increasing construction of new residential houses and commercial spaces are key factors driving plastic fencing market growth. Shifting consumer preference towards lightweight and minimal maintenance fencing will enhance product penetration. Increasing infrastructure projects owing to rapid population growth will further fuel demand.

Global Plastic Fencing Market, By Product:
1. Picket fence
2. Post & rail fence
3. Mesh/ chain link fence
4. Gates

Post & rail market is set to gain over 6% CAGR up to 2024. These are a traditional and attractive style of fences that has been a primary view of the English countryside communities. The product is gaining attention from agriculture sector due growing need to safeguard the farm, livestock, and crops from wild animals.

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Residential sector contributes around 50% of the overall plastic fencing market share in 2016. Increasing consumer preference for small and private housing due to shifting trend towards nuclear family is expected to boost demand from residential sector.

Increasing security concerns among consumers for protection of residentials houses will drive privacy fencing demand. Accelerating residential construction spending is anticipated to favor the overall Plastic Fencing Market growth.

Global plastic fencing market share includes Tenax Corporation, Pexco, Durafence, Weatherables, Veka and Certain Teed other players are Seven Trust, Forgarty PVC, Planet Polynet, Walpole Outdoors and ITOCHU are some of the major manufacturing companies. These companies are anticipated to increase R&D investments and technological innovations to gain competitive advantage.

Related News: https://www.prnewswire.com/news-releases/plastic-fencing-market-to-hit-6bn-by-2024-global-market-insights-inc-668416983.html

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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