Mending fences: The growing housing market and rising service demand will increase revenue

The Fence Construction industry experienced a strong expansion during the current period, growing each of the five years to 2017, underpinned by low interest rates and sustained demand for new single-family homes throughout the country. During the current period, industry revenue has expanded due to the strong recovery of both the residential and nonresidential construction markets, as well as an increase in per capita disposable income and home improvement spending. As disposable income rose, homeowners began to undertake previously costly home renovation and maintenance projects such as installing a new fence or fixing one in disrepair. Over the five years to 2022, revenue for the industry is projected to rise more modestly...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
6.2%
Forecast Growth 17-22
Profit
Employment
77,880
Businesses
48,033
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • With an accelerating housing market, there will be greater demand for fences
  • Despite rebounding revenue, total industry participation has continued to decline
  • Revenue is expected to grow due to rising demand from homeowners and developers
  • Industry Report - Industry Locations Chapter

    The Fence Construction industry is characterized by the small-scale and localized nature of its establishments. Industry activity is geographical dispersed in a pattern that generally corresponds with the distribution of population and economic activity across the United States. Contractors are generally located near population centers, particularly for the installation of residential and security fences, but also to service the industrial, commercial and government building markets for fencing-related services.The Southeast region accounts for 25.1% of industry establishments, corresponding with the region's share of population (25.7%). Within the Southeast region, Florida accounts for 9.1% o...purchase to read more.

    Additional Insights for the Fence Construction Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fence Construction Industry are

  • Having links with suppliers
  • Ability to expand and curtail operations rapidly in line with market demand
  • Access to niche markets
  • IBISWorld analysts also discuss how external factors such as Housing starts and Value of private nonresidential construction in the Fence Construction industry impact industry performance..

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    What's in this report

    What is the Fence Construction Industry?

    This industry comprises establishments that construct and install a wide range of fences, including residential fences, security fences and niche fences.

    Industry Products
  • Metal fences
  • Wood fences
  • Plastic fences
  • Concrete fences
  • Industry Activities
  • Constructing fences
  • Installing residential fences
  • Installing nonresidential fences
  • Installing agricultural fences
  • Installing security fences
  • Installing nonbuilding fences
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts
  • Value of private nonresidential construction
  • Value of residential construction
  • Private spending on home improvements
  • Per capita disposable income

  • Current Performance
  • Housing recovers, alongside revenue
  • Commercial markets strengthen
  • Chart: Revenue Growth

  • Industry Outlook
  • More houses, increase in demand
  • Downstream industries likely to increase demand
  • Table: Fence Construction Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fence Construction Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Land Development
  • Home Builders
  • Industrial Building Construction
  • Educational Services
  • Arts, Entertainment and Recreation
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Lumber Wholesaling
  • Stone, Concrete & Clay Wholesaling
  • Wire & Spring Manufacturing

  • Products & Services
  • Metal fences
  • Wood fences
  • Plastic fences
  • Concrete fences
  • Chart: Fence Construction Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential Building
  • Nonresidential Commercial Building
  • Nonbuilding Market
  • Agricultural Market
  • Chart: Major Market Segmentation for the Fence Construction Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Fence Construction

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fence Construction Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fence Construction Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fence Construction Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Housing Starts (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Perimeter Fence
  • A type of fence that encircles a particular area and is designed to prevent access to the area. It is generally made from metal, wood or concrete.
  • Picket Fence
  • A type of fence that is distinguished by its evenly spaced vertical boards called pickets that are attached to horizontal rails.
  • Vinyl Fence
  • A type of fence made using synthetic plastics
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Fence Construction is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fence Construction:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fence Construction market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fence Construction, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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