How large is the US Residential Fencing Industry? Well, below are some crazy statistics that show the economic influence fences actually have on the domestic economy.
Did you know? There are more than 100K businesses in the U.S. that offer fencing services and products. Fencing companies help our economy by providing lots and lots of jobs during economic booms as well as during times when people are in serious need of work. According to the Bureau of Labor Statistics, the fencing industry currently employs about 275K people in the United States. Fence companies not only help protect consumers' properties, but are also helping protect the national economy.
Multi-Billion Dollar Industry
So we know that the U.S. fencing industry helping create jobs, but how much revenue is it driving into our economy? Well, each year it brings billions upon billions of dollars into the economy. In fact, the U.S. fencing industry generates between $50-55 billion in revenue.
Demand for fencing in the US is forecast to increase 2.6 percent per year through 2020 to 880 million linear feet, valued at $7.5 billion. The increased adoption of high value fencing materials such as ornamental metal and plastic and composite lumber will support demand. The residential building market, which accounts for the largest share of fencing demand, is expected to outpace all other markets through 2020.
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