Study #: 3889 | Published: 07/2020 | Pages: 86 | Individual User License: US$ 2,900

US demand for wood fencing is projected to grow 2.7% annually through 2024 to $2.4 billion. In volume terms, demand is forecast to rise slightly to 319.3 million linear feet. Although wood fencing sales are expected to fall in 2020 due to the drop in construction activity resulting from the COVID-19 pandemic, demand will turn upward again in subsequent years as economic and market conditions improve.

However, the use of wood fencing in nonresidential markets – where security and durability are more important than aesthetics and cost – is expected to remain limited, preventing wood from posting larger sales increases as business activity climbs.

The Residential Market Will Drive Wood Fencing Market Advances

The residential market will account for most wood fencing demand gains through 2024, fueled by both the addition of new fences and the need to repair existing ones. The majority of existing home fencing is wood – among the least durable of materials used – and the upkeep and repair necessary on these fences will support sales increases.

Additionally, rising homeowner interest in outdoor living will boost demand for fencing that is more aesthetically pleasing and that provides more privacy than traditional products, contributing to overall value growth.

Wood Fencing Will Remain Widely Used Despite Increasing Competition from Plastic & Metal

Wood will continue to be the second most popular fencing material behind metal because of its aesthetics and lower material and installation costs compared to competitive materials. However, the greater durability and minimal maintenance requirements of plastic fencing, which can closely mimic the appearance of wood, will restrict overall wood fencing demand growth. Competition from long-lasting ornamental metal products will also have a dampening effect on increases in wood picket fence sales.

Prefabricated Wood Fencing Will Climb Faster Than Fences Assembled On-Site

Prefabricated wood fencing will record faster market advances through 2024 than individual components assembled on-site:

  • Using prefabricated panels helps reduce time and labor costs during fence construction.
  • Shortages of trained installers will also encourage fencing contractors to use prefabricated panels that can be more easily installed by workers with less training.

As a result, demand for individual wood fencing components assembled on-site will largely be limited to:

  • smaller jobs where the benefits of using prefabricated panels are not as pronounced as in larger installations
  • fencing projects requiring more customized designs

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Table of Contents

1. Executive Summary

2. About This Report

Report Details

Study Scope & Product Description

Impact of COVID-19 Pandemic

3. Overview

Historical Market Trends

Long-Term Forecast (Value & Linear Feet)

Products

Demand by Fencing Type

Privacy

Picket

Post & Rail

Split Rail & Other Wood Fencing

Construction Method

Pricing

Competitive Products

Installation Costs

4. Markets

Demand by Market

Residential

Demand by Housing Type

Single-Family

Multifamily

Manufactured

Commercial

Demand by Building Type

Office, Trade, & Lodging

Institutional

Industrial & Other Commercial Buildings

Nonbuilding

Agricultural

5. Suppliers

Industry Composition

Key Suppliers

6. Appendix

Scope

Definitions

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Macroeconomic Assumptions

Economic Environment

Demographics

Consumer Financing

Consumer Spending

Residential Building Construction

Residential Improvements & Repairs

Commercial Building Construction

Commercial Building Improvements & Repairs

Nonbuilding Construction Expenditures

Housing Stock

Agricultural Outlook


List of Tables

3. Overview

Table 3-1 | Wood Fencing Demand, 2009 - 2019 (million dollars)

Table 3-2 | Wood Fencing Demand, 2009 - 2029 (million dollars & million linear feet)

Table 3-3 | Wood Fencing Demand by Product, 2009 - 2029 (million dollars)

Table 3-4 | Wood Fencing Demand by Construction Method, 2009 - 2029 (million dollars)

Table 3-5 | Major Fencing Material Types: Advantages & Disadvantages

Table 3-6 | Installed Wood Fencing Demand & Installation Costs, 2009 - 2029 (million dollars & million linear feet)

4. Markets

Table 4-1 | Wood Fencing Demand by Market, 2009 - 2029 (million dollars)

Table 4-2 | Residential Wood Fencing Demand by Housing Type, 2009 - 2029 (million dollars & million linear feet)

Table 4-3 | Single-Family Housing Wood Fencing Demand by Application, 2009 - 2029 (million dollars & million linear feet)

Table 4-4 | Multifamily Housing Wood Fencing Demand by Application, 2009 - 2029 (million dollars & million linear feet)

Table 4-5 | Manufactured Housing Wood Fencing Demand by Application, 2009 - 2029 (million dollars & million linear feet)

Table 4-6 | Commercial Wood Fencing Demand by Building Type, 2009 - 2029 (million dollars & million linear feet)

Table 4-7 | Office, Trade, & Lodging Wood Fencing Demand by Application, 2009 - 2029 (million dollars & million linear feet)

Table 4-8 | Institutional Wood Fencing Demand by Application, 2009 - 2029 (million dollars & million linear feet)

Table 4-9 | Industrial & Other Commercial Wood Fencing Demand by Application, 2009 - 2029 (million dollars & million linear feet)

Table 4-10 | Nonbuilding Wood Fencing Demand by Application, 2009 - 2029 (million dollars & million linear feet)

Table 4-11 | Agricultural Wood Fencing Demand by Application, 2009 - 2029 (million dollars & million linear feet)

6. Appendix

Table 6-1 | Relevant Industry Codes

Table 6-2 | Relevant HS Codes

Table 6-3 | Macroeconomic Indicators, 2009 - 2029 (billion 2012 dollars)

Table 6-4 | Population & Households, 2009 - 2029 (millions)

Table 6-5 | Consumer Financing Environment, 2009 - 2019

Table 6-6 | Personal Consumption Expenditures, 2009 - 2029 (billion dollars)

Table 6-7 | Residential Building Construction Expenditures, 2009 - 2029 (billion dollars)

Table 6-8 | Residential Improvement & Repair Expenditures, 2009 - 2029 (billion dollars)

Table 6-9 | Commercial Building Construction Expenditures, 2009 - 2029 (billion dollars)

Table 6-10 | Commercial Building Improvement & Repair Expenditures, 2009 - 2029 (billion dollars)

Table 6-11 | Nonbuilding Construction Expenditures, 2009 - 2029 (billion dollars)

Table 6-12 | Housing Stock by Type, 2009 - 2029 (million units)

Table 6-13 | Agricultural Indicators, 2009 - 2029


List of Figures

1. Executive Summary

Figure 1-1 | Wood Fencing Market Outlook

3. Overview

Figure 3-1 | Wood Fencing Demand, 2009 - 2019 (million dollars)

Figure 3-2 | Wood Fencing Demand, 2009 - 2029 (million dollars)

Figure 3-3 | Wood Fencing Value Demand Growth by Product, 2009 - 2029 (% CAGR)

Figure 3-4 | Privacy Fencing: Advantages & Disadvantages

Figure 3-5 | Picket Fencing: Advantages & Disadvantages

Figure 3-6 | Post & Rail Fencing: Advantages & Disadvantages

Figure 3-7 | Other Wood Fencing Types: Advantages & Disadvantages

Figure 3-8 | Wood Fencing Value Demand Growth by Construction Method, 2009 - 2029 (% CAGR)

Figure 3-9 | Average Price of Wood Fencing, 2009 - 2029 (dollars per linear foot)

Figure 3-10 | Comparison of Installed Demand Value for Selected Fencing Products, 2019 (million dollars)

4. Markets

Figure 4-1 | Wood Fencing Demand by Market, 2009 - 2024 (million dollars)

Figure 4-2 | Residential Wood Fencing Demand by Housing Type, 2009 - 2024 (million dollars)

Figure 4-3 | Commercial Wood Fencing Demand by Building Type, 2009 - 2024 (million dollars)

Figure 4-4 | Nonbuilding Wood Fencing Demand, 2009 - 2029 (million dollars)

Figure 4-5 | Agricultural Wood Fencing Demand, 2009 - 2024 (million dollars)

6. Appendix

Figure 6-1 | Annual Growth in Real GDP, 2000 - 2019, Compared to 1980 - 2005 Average (percent)

Figure 6-2 | Annual Population Growth, 2004 - 2019 (percent)

Figure 6-3 | Housing Stock by Year of Construction, 2019 (percent)


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