Agricultural Fencing with Covid-19 Market Impact Analysis
Demand for fencing in the agricultural market is forecast to rise 1.8% annually in dollar terms between 2019 and 2024.to $1.1 billion. Demand in linear feet will edge up during this span, posting gains that are roughly in line with long term historical averages.
The use of higher value plastic fencing materials as a replacement for wood and wire is expected to increase due to concerns about the safety and welfare of animals. In addition, vinyl and concrete are seen as more durable replacements for wood in post and rail and split rail applications, especially around property borders.
Advances will be tempered by a decline in the number of US farms and the acreage devoted to farming. However, the existing agricultural fencing stock is large, and the need for upkeep will help boost repair and replacement product sales.
The agricultural market for fencing is projected to drop in 2020 as farm incomes weaken in response to issues in the meat packing industry, which led some farmers to reduce herd size. Product demand is forecast to return to moderate growth levels by 2022 and strengthen through 2024.
Scope of Report
This study analyzes US demand for fencing installed in agricultural settings, other than residential fencing used on farms. Historical data for 2009, 2014, and 2019 and forecasts to 2024 and 2029 are presented in millions of dollars and in million linear feet by material (metal wire and pipe, wood, plastic and composite, and concrete and other materials) and by application (new and improvement and repair). In addition, demand in dollar terms is broken out by US geographic region and subregion. The study also analyzes the structure of the US agricultural fencing industry and gives market share figures for leading producers in dollars.
- 1. Executive Summary
- 2. About This Report
- Report Details
- Study Scope & Market Description
- Impact of COVID-19 Pandemic
- 3. Overview
- Historical Market Trends
- Long-Term Forecast (Value & Linear Feet)
- Demand by Application
- New vs. I&R
- New Construction
- Improvement & Repair
- Demand by Region
- 4. Materials
- Demand by Material
- Metal
- Wood
- Plastic & Composite
- Concrete & Other Materials
- 5. Suppliers
- Industry Composition
- Market Share
- 6. Appendix
- Scope
- Definitions
- Freedonia Methodology
- Study-Specific Methodology
- Sources
- Associations & Agencies
- Related Studies & Reports
- Macroeconomic Assumptions
- 4. Materials
- Economic Environment
- Demographics
- Consumer Financing
- Consumer Spending
- Agricultural Outlook
- Regional Population
- List of Tables
- 3. Overview
- Table 3-1 | Agricultural Fencing Demand, 2009 – 2019 (million dollars)
- Table 3-2 | Agricultural Fencing Demand, 2009 – 2029 (million dollars &
- million linear feet)
- Table 3-3 | Agricultural Fencing Demand by Application, 2009 – 2029 (million dollars)
- Table 3-4 | New Agricultural Fencing Demand by Material, 2009 – 2029 (million dollars
- & million linear feet)
- Table 3-5 | Agricultural Improvement & Repair Fencing Demand by Material, 2009 –
- 2029 (million dollars & million linear feet)
- Table 3-6 | Agricultural Fencing Demand by Region & Subregion, 2009 – 2029
- (million dollars)
- 4. Materials
- Table 4-1 | Agricultural Fencing Demand by Material, 2009 – 2029 (million dollars)
- Table 4-2 | Agricultural Metal Fencing Demand by Product Type, 2009 – 2029
- (million dollars & million linear feet)
- Table 4-3 | Agricultural Wood Fencing Demand by Product Type, 2009 – 2029
- (million dollars & million linear feet)
- Table 4-4 | Agricultural Plastic & Composite Fencing Demand, 2009 – 2029
- (million dollars & million linear feet)
- 5. Suppliers
- Table 5-1 | Agricultural Fencing Sales by Company, 2019 (million dollars)
- 6. Appendix
- Table 6-1 | Study Scope: US Geographic Regions & Subregions
- Table 6-2 | Relevant Industry Codes
- Table 6-3 | Relevant HS Codes
- Table 6-4 | February 2020 Macroeconomic Indicators, 2009 – 2029 (billion 2012 dollars)
- Table 6-5 | Population & Households, 2009 – 2029 (millions)
- Table 6-6 | Consumer Financing Environment, 2009 – 2019
- Table 6-7 | February 2020 Personal Consumption Expenditures, 2009 – 2029
- (billion 2012 dollars)
- Table 6-8 | Agricultural Indicators, 2009 – 2029
- Table 6-9 | Population by Region, 2009 – 2029 (million persons)
- List of Figures
- 1. Executive Summary
- Figure 1-1 | Agricultural Fencing Market Outlook
- 2. About This Report
- Figure 2-1 | Agricultural Fencing: Select Product Examples
- 3. Overview
- Figure 3-1 | Agricultural Fencing Demand, 2009 – 2019 (million dollars)
- Figure 3-2 | Agricultural Fencing Demand, 2009 – 2029 (million dollars)
- Figure 3-3 | Agricultural Fencing Value Demand Growth by Application, 2009 – 2029
- (% CAGR)
- Figure 3-4 | Agricultural Fencing Value Demand Growth by Region, 2009 – 2029 (%
- CAGR)
- 4. Materials
- Figure 4-1 | Agricultural Fencing Demand by Material, 2009 – 2024 (million dollars)
- Figure 4-2 | Agricultural Metal Fencing Demand by Product Type, 2009 – 2024
- (million dollars)
- Figure 4-3 | Agricultural Wood Fencing Demand by Product Type, 2009 – 2024
- (million dollars)
- Figure 4-4 | Concrete Agricultural Fencing: Product Examples
- 5. Suppliers
- Figure 5-1 | US Agricultural Fencing Market Share by Company, 2019 (billion dollars)
- 6. Appendix
- Figure 6-1 | Real GDP: February 2020 Forecast vs. April 2020 Revised Forecast (% annual
- change)
- Figure 6-2 | Annual Growth in Real GDP, 2000 – 2019, Compared 1980 – 2005 Average
- (percent)
- Figure 6-3 | Annual Population Growth, 2002 – 2019 (percent)
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