North America Wood Fencing Market Observe Significant Growth Of USD 3.30 Billion By 2030

Posted by Neha Bora on August 22nd, 2023

San Francisco, 22 Aug 2023: The Report North America Wood Fencing Market Size, Share & Trends Analysis Report By Product (Picket, Rail & Post), By Species (Cedar, Douglas fir), By Installation, By Coatings, By Application, By Country, And Segment Forecasts, 2023 - 2030

The North America wood fencing market size is expected to reach USD 3.30 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.2% from 2023 to 2030. This growth can be attributed to a rise in consumer spending of customers in North America on renovations and home improvements coupled with increased income levels and changing lifestyles.

The surging number of residential and commercial building projects in North America is anticipated to fuel the product demand. In addition, the rising adoption of wood fencing in agricultural applications is a key factor driving the growth of the wood fencing market in North America. Due to the surging disposable income coupled with the developing construction sector, several homeowners in North America are replacing their old fencing may catapult industry growth over the forecast period.

Large and dominant players in North America wood fencing market have adopted the strategies of mergers and acquisitions to retain their market leadership. On a local level, there is intense competition among the market players. Companies actively compete, using various marketing and advertising strategies to increase their market shares in North America. In addition, there is a high potential for market consolidation in the U.S., which is anticipated to lead to intense rivalry in the market in North America.

Most of the North America’s large manufacturers offer their goods directly to consumers via their online portals.To reach a larger consumer base, many of these manufacturers also work with independent online distributors. However, the majority of wood fencing sales are made through offline distribution channels to final consumers through physical distributors and retailers.Through this channel, the products are available to the customer faster, and the customers can analyze and choose from the available options, making an informed decision.

Access Research Report of North America Wood Fencing Market @ https://www.grandviewresearch.com/industry-analysis/north-america-wood-fencing-market-report

North America Wood Fencing Market Report Highlights

• The picket fence product segment led the North America market and accounted for 40.1% of revenue share in 2022. The demand for picket fences is increasing in North America owing to the imposition of rules in the region that require the deployment of fences at poolsides for safety reasons. Moreover, the rise in residential construction activities and the surge in institutional construction expenditures in North America are expected to fuel the growth of the picket fence segment of the wood fencing market in the region in the coming years
• The cedar species segment dominated the North America market in 2022 and is expected to reach USD 1.07 billion by 2030.Cedar fences survive longer than those made of softer timbers, like pine, in addition to withstanding the elements well. Additionally, the natural oils in cedar wood protect it from rotting and insect damage
• The controller and installer segment accounted for the highest market share of 70.1% in 2022 in North America. The increasing disposable income, growing population, and low levels of unemployment are expected to drive the demand for residential construction. This is anticipated to propel the growth of the wood fencing market, with contract installation gaining popularity
• The stained segment is projected to witness a CAGR of 3.5% in terms of revenue over the forecast period. Due to its many benefits over non-stained wood fencing, stained wood fencing is becoming more and more popular. Stained fencing offers protection from harsh environmental conditions for a longer period of time and is an attractive and affordable alternative to metal or plastic fencing
• Rising disposable income and the emphasis that households lay on security and privacy are driving investments in residential fencing. Furthermore, work-from-home or stay-in-place trends have resulted in a positive effect on the repair and remodeling of residential buildings. This is expected to have a positive impact on the wood fencing market
• The U.S. wood fencing market is expected to expand at a CAGR of 3.2% in terms of revenue over the forecast period. The high number of remodeling projects and real estate development in the U.S. are expected to propel market growth
• The North America wood fencing market consists of several big and small players. The market rivalry is likely to be high due to the high level of threat of product substitution and the medium-level risk of new players entering the market

List of Key Players of North America Wood Fencing Market

• Sierra Pacific Industries
• Redwood Empire Sawmill
• Pine River Group Home, Inc.
• L. Johnson Lumber Mfg. Co. & Johnson’s Workbench
• BarretteWood
• SPEC Wood Inc.
• Cedarline Industries
• Mendocino Family of Companies

Access Press Release of North America Wood Fencing Market @ https://www.grandviewresearch.com/press-release/north-america-wood-fencing-market-analysis