The North America fencing market is estimated to grow at a substantial CAGR of 7.0% during the forecast period. North America accounts for the largest share in the global fencing market. The growth of the fencing market in North America is supported by rising investments in R&D for enhanced materials and increasing demand from the remodeling and renovation developments in the region. The strongest economic growth of the US and Canada, developments in industrial sectors, and the company’s expansions are driving the sales of fencing in North America. PVC fencing is gaining high traction, among other materials, due to the durability and versatility properties. The US is one of the major countries worldwide in PVC production.
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However, planned industrial projects have witnessed a slump due to the economic slowdown and the COVID-19 pandemic in 2020. Around 91 projects of manufacturing or production plants, 74 distribution centers or warehousing, 32 new construction projects, 36 plant expansions, and 45 entailed renovations and equipment upgrades were expected in March 2020 in North America. One of the largest manufacturing constructions is owned by Crown, which is investing around $147 million and has started the construction of a 327,000-sq-ft manufacturing facility in Bowling Green, Kentucky. The company expects the facility to be operational in 2021. Moreover, considering the planned industrial activities, the fencing market is expected to witness a demand at a fast pace. However, due to the pandemic, industrial activities witnessed a drop. But the industrial sector in North America is expected to recover and regain its market position on a global level. Therefore, with an increased product sale across the region, the demand for fencing is anticipated to be high during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
North America Fencing Market Report Segment
By Material
- Concrete
- Metal
- Plastic
- Wood
By Distribution
- Offline
- Online
By Distribution
- Agricultural
- Energy and Power
- Government
- Military and Defense
- Mining
- Petroleum and Chemicals
- Residential
- Warehouse
North America Fencing Market Report Segment
- US
- Canada
The Report Covers
- Comprehensive research methodology of the North America fencing market.
- This report also includes a detailed and extensive market overview with the key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North America fencing market.
- Insights about market determinants which are stimulating the North America fencing market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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