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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)
© by The Freedonia Group, a division of MarketResearch.com