by Corinne Gangloff
September 2, 2020
The US fencing market is seeing a sharp contraction during the COVID-19 pandemic as construction activity is expected to remain at below average levels until 2021. However, demand will quickly recover through 2024 as the pandemic recedes, economies reopen, and construction activity renormalizes.
Four new Freedonia Group studies - Chain Link Fencing, Plastic Fencing, Wood Fencing, and Residential Fencing – provide deep-dive analysis of important trends that will affect these market segments through the pandemic and beyond.
Near-term weakness in construction activity due to the pandemic – particularly in the commercial segment – will continue to be offset somewhat by the ongoing surge home renovation activity, especially DIY projects:
Early in the pandemic, elevated demand for building materials met short supply, leading to delayed orders, consumer frustration, and missed sales opportunities. This drove major retailers including Home Depot to invest significantly in expanding distribution capacity to get building materials such as fencing to customers faster.
Looking for More?
Chain Link Fencing, Plastic Fencing, Wood Fencing, and Residential Fencing are now available from The Freedonia Group.
Provide the following details to subscribe.