Sources: Grand View Research Inc., San Francisco; CP staff
“Fencing Market Analysis By Material (Metal, Wood, Plastic & Composite, Concrete), By Application (Residential, Agriculture, Industrial) And Segment Forecasts To 2022” paints a stable outlook for one of precast concrete’s major growth segments of the past two decades.
The Grand View Research report projects concrete fencing to attain a 5.5 percent compounded annual growth rate from 2015 through 2022, matching overall gains forecast for the category over the next eight years—en route to $32 billion in global shipments. Increasing real estate development, home building and remodeling activities are expected to drive demand, along with sustained adoption in commercial sectors—schools, colleges and industrial properties—where owners and operators recognize fencing products for security and safety. “Fencing Market Analysis” segments figures and forecasts by North America and three overseas regions; concrete and three other materials; plus, residential, industrial and agricultural sectors. — www.grandviewresearch.com