Overview: The growing housing market and rising service demand will increase revenue
The Fence Construction industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.
Industry Statistics & Market Size
Revenue: $7 Billion
Annual Growth: 5.4%
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 Analysis & Industry Trends
Contractors in the Fence Construction industry design, build and maintain fences for residential, institutional and non-building clients. Industry operators perform new construction; reconstruction and modernization; repairing; and cleaning work. Over the five years to 2016, industry revenue is expected to grow. Due to the lingering effects of recession, industry revenue remained volatile at the start of the five-year period. However, with the recovery of both residential and nonresidential construction segments, the industry has grown robustly in recent years, albeit from an unusually low starting base. Over the five years to 2021, revenue for the industry is projected to rise.
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