U.S. Fencing Market anticipated to register a CAGR of 4.9% by 2027 -Rising Growth in construction activities for both, residential and commercial buildings
U.S. Fencing Industry Overview The U.S. fencing market size was valued at USD 8.3 billion in 2019 and is anticipated to register a CAGR of 4.9% from 2020 to 2027. The market growth can be attributed to increased spending on the construction of buildings in the country. The demand for fencing products and solutions is primarily driven by the need for security and demarcation of areas for improving protection as well as for increasing the aesthetic appeal of properties. The rise in demand for replacing and repairing large portions of the existing fence stock for residential applications is expected to drive the market growth over the forecast period. Supported by a strong economy and a developed market, the U.S. market for fencing is anticipated to thrive in the coming years. Rising construction activities and demand for decorative home products are estimated to contribute to the market growth in U.S. Consumer interest in home décor and home improvement is further expected to dr...