Fencing - etude de marche

INTRODUCTION xi

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Overview 5
Consumer Income & Spending 8
Personal Income & Expenditures 9
Consumer Financing 11
Demographic Trends 14
Population 16
Households 17
Construction Trends 18
Construction Expenditures 18
Construction Stock 20
Building Construction Trends 23
Residential Construction 25
Housing Outlook 28
Housing Stock 31
Improvements & Repairs 33
Nonresidential Construction 35
Construction Expenditures 35
Improvements & Repairs 37
Nonbuilding Construction Trends 39
Agricultural Outlook 41
Pricing Issues 44
Installed Cost 47
Historical Market Trends 49
Environmental Issues 53
Regulations & Standards 57
Building Codes 57
Lumber Import Restrictions 59
Foreign Trade 60

III. PRODUCTS 63
General 63
Metal 68
Demand by Type 69
Ornamental Fencing 72
Chain Link Fencing 73
Wire Fencing 76
Other Metal Fencing 78
Demand by Material 78
Cost Factor 80
Wood 81
Material Characteristics 83
Demand by Type 86
Privacy Fencing 88
Picket Fencing 88
Post & Rail Fencing 89
Split Rail & Other Wood Fencing 90
Demand by Construction Method 91
Cost Factor 92
Plastic & Composite Fencing 94
Vinyl 97
HDPE & Other Plastics 100
Wood-Plastic Composites 100
Cost Factor 101
Concrete 102
Material Characteristics 105
Cost Factor 106
Other Fencing 107
Gates & Accessories 109

IV. MARKETS 111
General 111
Residential 114
Demand by Value 116
New 119
Improvement & Repair 120
Demand by Housing Type 122
Single-Family 124
Multifamily 126
Manufactured Housing 129
Nonresidential 131
Demand by Value 133
New 136
Improvement & Repair 138
Demand by Building Type 140
Office & Commercial 141
Institutional 145
Industrial 148
Other Nonresidential 150
Nonbuilding 155
Demand By Product & Application 156
Demand by Value 158
Agricultural 160
Demand By Product & Application 161
Demand by Value 163

V. REGIONS 165
General 165
Regional Demographic & Economic Trends 166
Population Patterns 167
Economic Outlook 169
Construction Activity 170
Housing Trends 173
Regional Demand for Fencing 175
Northeast 178
New England 180
Middle Atlantic 182
Midwest 183
East North Central 186
West North Central 187
South 189
South Atlantic 192
East South Central 195
West South Central 196
West 198
Mountain 201
Pacific 202

VI. INDUSTRY STRUCTURE 204
General 204
Industry Composition 206
Market Share 209
Master Halco 211
Ameristar Fence 212
Merchants Metals 212
Universal Forest Products 213
Royal Group Technologies 214
CertainTeed 214
Other Leading Firms 215
Manufacturing 215
Product Development 217
Marketing 218
Distribution 219
Mergers & Acquisitions 222
Company Profiles 226
ADC Manufacturing, see CRH
Allan Block Corporation 227
Allied Tube & Conduit, see Tyco International
Alside Incorporated, see Associated Materials
Amendola�s Fence Company 229
Ameristar Fence Products Incorporated 231
Arch America LLC 236
Associated Materials Incorporated 238
Bunzl plc 240
Burly Corporation of North America 241
Centaur HTP Fencing Systems, see ES Robbins
CertainTeed Corporation, see Saint-Gobain
Crane Fencing Solutions, see Crane Plastics
Crane Plastics Holding Company 243
CRH plc 245
Delair Group LLC, see Arch America
DuraMax Building Products, see US Polymers
ES Robbins Corporation 250
Filtrona plc 252
Genova Products Incorporated 254
Georgia Gulf Corporation 255
Gram Lumber Company, see RSG Forest Products
Gregory Industries Incorporated 258
ITOCHU Corporation 260
Jancor Companies Incorporated 264
Jerith Manufacturing Company Incorporated 267
JS Rose Enterprises Incorporated (Rose Fence) 269
Kroy Building Products Incorporated, see Ply Gem Industries
Master Halco Incorporated, see ITOCHU
Maximum Vinyl Products, see Crane Plastics
Merchants Metals, see CRH
MMI Products Incorporated, see CRH
Nebraska Plastics Incorporated 270
Oklahoma Steel and Wire Company Incorporated 271
Outdoor Technologies Incorporated, see Jancor Companies
PDS Fence Products, see Filtrona
Ply Gem Industries Incorporated 273
Poly Vinyl Company Incorporated 275
Razor Ribbon, see Tyco International
Richard�s Fence Company Incorporated 276
Royal Crown Limited, see Georgia Gulf
Royal Group Technologies Limited, see Georgia Gulf
Royal Outdoor Products Company, see Georgia Gulf
RSG Forest Products Incorporated 278
Saint-Gobain 279
Southwestern Wire Incorporated 282
Superior Concrete Products Incorporated 284
Tarter Gate Company Incorporated 285
Tenax Group 287
Trex Company Incorporated 289
Tyco International Limited 290
UltraGuard, see Associated Materials
Universal Forest Products Incorporated 292
US Fence Incorporated 295
US Polymers Incorporated 296
VEKA AG 298
Vinyl Visions LLC, see Crane Plastics
Walpole Woodworkers Incorporated 300
Welco Lumber Company 302
Westlake Chemical Corporation 303
Westech Fence, see Westlake Chemical
Additional Companies Mentioned in Study 305

LIST OF TABLES

TABLE NUMBER PAGE

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3

SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 8
2 Personal Income & Expenditures 11
3 Consumer Financing Environment, 1995-2005 14
4 Resident Population & Households 15
5 Construction Expenditures 20
6 Construction Stock 23
7 Residential Construction Expenditures 28
8 Housing Indicators 31
9 Residential Improvement & Repair Expenditures 34
10 Nonresidential Construction Expenditures 37
11 Nonresidential Improvement & Repair Expenditures 39
12 Nonbuilding Construction Expenditures 41
13 Agricultural Indicators 43
14 Fencing Prices 46
15 Fencing Market, 1995-2005 52
16 US Fencing Foreign Trade 62

SECTION III -- PRODUCTS
1 Fencing Demand by Material 66
2 Metal Fencing Demand by Type 69
3 Metal Fencing Demand by Material 80
4 Metal Fencing Installed Cost 81
5 Wood Fencing Demand by Type 83
6 Wood Fencing Demand by Construction Method 92
7 Wood Fencing Installed Cost 93
8 Plastic & Composite Fencing Demand by Material 97
9 Plastic & Wood-Plastic Composite Fence Installed Cost 102
10 Concrete Fencing Demand 105
11 Concrete Fencing Installed Cost 107
12 Other Fencing Demand 108
13 Gate & Accessory Demand 110

SECTION IV -- MARKETS
1 Fencing Demand by Market 113
2 Residential Fencing Demand by Product & Application 116
3 Residential Fencing Demand by Value 118
4 New Residential Fencing Demand by Product 120
5 Residential Improvement & Repair Fencing Demand by Product 122
6 Residential Fencing Demand by Housing Type 123
7 Single-Family Housing Fencing Demand by Product & Application 126
8 Multifamily Housing Fencing Demand by Product & Application 128
9 Manufactured Housing Fencing Demand by Product & Application 130
10 Nonresidential Fencing Demand by Product & Application 133
11 Nonresidential Fencing Demand by Value 136
12 New Nonresidential Fencing Demand by Product 138
13 Nonresidential Improvement & Repair Fencing Demand by Product 140
14 Nonresidential Fencing Demand by Building Type 141
15 Office & Commercial Fencing Demand by Product & Application 144
16 Institutional Building Fencing Demand by Product & Application 147
17 Industrial Fencing Demand by Product & Application 150
18 Other Nonresidential Building Fencing Demand by Product, Application & Market 154
19 Nonbuilding Fencing Demand by Product & Application 158
20 Nonbuilding Fencing Demand by Value 160
21 Agricultural Fencing Demand by Product & Application 163
22 Agricultural Fencing Demand by Value 164

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SECTION V -- REGIONS
1 Population by Region 168
2 Gross Domestic Product by Region 170
3 Construction Expenditures by Region 172
4 Housing Indicators by Region 175
5 Fencing Demand by Region 177
6 Northeast Fencing Demand by Subregion & Market 180
7 Midwest Fencing Demand by Subregion & Market 186
8 South Fencing Demand by Subregion & Market 192
9 West Fencing Demand by Subregion & Market 201

SECTION VI -- INDUSTRY STRUCTURE
1 US Fencing Sales for Selected Companies, 2005 208
2 Selected Distribution Agreements 222
3 Selected Acquisitions & Divestitures 225

LIST OF CHARTS

CHART NUMBER PAGE

SECTION II -- MARKET ENVIRONMENT
1 Year of Construction of Housing Stock, 2005 33
2 Fencing Price Trends, 1995-2015 46
3 Installed Cost for Selected Fencing Products, 2005 49
4 Fencing Growth, 1996-2005 53

SECTION III -- PRODUCTS
1 Fencing Demand by Material, 2005 67
2 Metal Fencing Demand by Type, 2005 71
3 Chain Link Fencing Demand by Type, 2005 76
4 Wood Fencing Demand by Type, 2005 87

SECTION IV -- MARKETS
1 Fencing Demand by Market, 2005 114
2 Residential Fencing Demand by Housing Type, 2005 124

SECTION V -- REGIONS
1 Fencing Demand by Region, 2005 177

SECTION VI -- INDUSTRY STRUCTURE
1 US Fencing Market Share, 2005 210