Overview of the non-metallic minerals market in Bosnia and Herzegovina
According to the market research analysts at Technavio, the non-metallic minerals market in Bosnia and Herzegovina is anticipated to witness moderate growth and will post a CAGR of close to 5% over the forecast period. With the rapid proliferation of the real estate sector in Bosnia and Herzegovina, the market for non-metallic minerals in the country is anticipated to have a positive outlook in the coming years. Construction companies in Bosnia and Herzegovina are known for their skill in designing and structural engineering. The construction industry is predicted to grow at an annual rate and civil construction projects, such as the Corridor Vc project, are expected to generate a substantial demand for building materials. Also, Bosnia and Herzegovina, Albania, Kosovo, Macedonia, Montenegro, and Serbia have reached an agreement on the construction of a core network of corridors to enhance their connectivity. The implementation of these projects will boost the construction sector, which will indirectly translate into the augmented demand for non-metallic minerals in the country over the next four years.
The non-metallic mineral mining segment is largely under-developed compared to the metal mining sector in the country. Bosnia and Herzegovina has substantial natural reserves of non-metallic minerals such as limestone, salt, clay, stones, gravel and aggregates, sand, and gypsum. This provides potential opportunities to investors that are willing to invest in modernizing of equipment for the mining of such minerals, which, in turn, will propel the growth prospects of this market in the coming years.
Segmentation by product type and analysis of the non-metallic minerals market in Bosnia and Herzegovina
- Glass and glass-based products
- Stone-based products
- Clay-based building products
Due to the present climatic conditions, the fresh water content in most geographical locations has seen a significant reduction, leading to an increased demand for the supply of water. The boiler water treatment is used to purify the raw water and provide clean water. To avoid the scale, corrosion or foaming, different types of water treatment procedures are used in different locations. Before the raw water supplies can reach the boiler, the impurities are removed using external treatment. Before the water can be trickled down to boiler blowdown, the water undergoes internal treatment. Few of the key vendors associated with global boiler water treatment market are NALCO, Lentech, and GE Water.
The report, global boiler water treatment market, is part of Technavio’s energy research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as energy storage, power, oil and gas, smart grid, and waste and waste management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
Overview of the leather and allied products market in Turkey
According to the market research study at Technavio, the leather and allied products market in Turkey is expected to witness steady growth at a CAGR of close to 4% over the forecast period. Turkey is a popular destination for tourists worldwide as it is home to several beautiful historical sites and seaside resorts. In 2014, the number of tourists visiting the country increased by nearly 5% compared to the previous years, bringing the country closer to the fifth spot among the top tourists destinations worldwide. For example, Grand Bazaar in Istanbul is frequented by nearly 200,000 to 400,000 visitors on a daily basis. Popular goods sold in the bazaar include jewelry, furniture, carpets, and leather goods and clothes. Manufacturers in the leather and allied products market in Turkey stand to gain from this inflow of tourists, as it provides them an opportunity to generate sales.
Manufacturers are collaborating closely with designers to introduce new and innovative designs in a bid to enhance their domestic and global footprints. Moreover, as the market is highly fragmented, the majority of the manufacturers are focusing on value-added products to differentiate their products. It has also been observed that several manufacturers are also participating in international fairs to enhance their visibility in foreign markets. This close collaboration enables manufacturers to align their production processes and product portfolios with the market trends prevailing in other countries.
Segmentation by product type and analysis of the leather and allied products market in Turkey
- Tanned and dressed leather, and dressed and dyed fur
- Luggage, handbags, saddlery, and harnesses
During 2015, the tanned and dressed leather, and dressed and dyed fur segment led the leather and allied products market...
Overview of the leather and allied products market in Bosnia and Herzegovina
Technavio’s market research analysts have envisaged that the leather and allied products market in Bosnia and Herzegovina will witness steady growth and will post a CAGR of close to 4% over the forecast period. The proximity of Bosnia and Herzegovina to major textile and leather markets, such as France, Germany, Italy, and Spain, as well as the ability of its manufacturers to accept orders at short notice and deliver finished products quickly are factors that will boost the growth prospects of this market in the coming years. Moreover, the country has an abundant supply of cheap labor, which makes it a favorable destination for foreign investments.
An increase in the production capacity of leather tanning industry is one of the emerging trends driving the growth of this market. The production capacity of the leather tanning industry has fluctuated markedly since 2010. Between 2010 and 2014, revenue generated from tanning of furs and skins grew from less than USD 1 million to reach USD 50 million. It has been observed that the periods of significant growth in the leather industry coincided with the periods of increase in foreign investments as a result of improvements in the business environment in the country. The production capacity of leather tanning industry is anticipated to increase drastically during the predicted period, which will have a positive impact on this market’s prospects over the next four years.
Segmentation by product type and analysis of the leather and allied products market in Bosnia and Herzegovina
- Tanned and dressed leather and dressed and dyed fur
- Luggage, handbags, saddlery, and harnesses
During 2015, the tanned and dressed leather segment dominated the market and accounted for a market share of close to 88% in terms of revenue. Fresh foreign...
Overview of the furniture manufacturing market in Bosnia and Herzegovina
The furniture manufacturing market in Bosnia and Herzegovina is anticipated to witness rapid growth and will post a moderate CAGR of more than 6% over the forecast period. The abundance of forest reserves is one of the significant factors driving the growth of the furniture manufacturing market in Bosnia and Herzegovina. The country has a strong heritage of wood processing and forestry dating back to the second half of the 19th century. The forest reserves are highly diversified, resulting in the availability of trees belonging to various species. Furthermore, more than half of the country’s land is covered by forests, and it is richest in terms of forest resources compared to member countries in the EU. The abundance of forest reserves ensures the cost-effective and easy availability of wood, which is the key raw material for the manufacturers in this industry.
With the growth of online retailing of furniture, this market is envisaged to have a positive outlook in the coming years. Increasing penetration of the Internet, along with increased access to smartphones and online banking systems has led to an increase in the online sales of furniture. Manufacturers of furniture in Bosnia and Herzegovina are focusing on branding, marketing communications, and online retailing to enhance visibility, both domestically and at the regional level.
Segmentation by product type and analysis of the furniture manufacturer market in Bosnia and Herzegovina
- Kitchen furniture
- Office and shop furniture
- Others (such as seats and bedroom and living room furniture)
During 2015, the kitchen furniture segment was one of the largest segments of the furniture manufacturing market in Bosnia and Herzegovina and accounted for more than 16% of the market...
Overview of the aluminum manufacturing market in Turkey
Technavio’s market research analysts have estimated that the aluminum manufacturing market in Turkey will grow at a moderate CAGR of approximately 4% until 2020. The significant demand for aluminum alloys from the construction sector is a major growth driver for this market. As aluminum alloys have an elastic module of 70 GPa, they are more malleable when compared to steel. Due to this property, aluminum alloys can be molded into an infinite range of hollow and solid profiles. Since the anodization of aluminum provides a hard and durable surface for products used in construction, it is rapidly becoming a material of choice for constructing window frames, roofs, prefabricated buildings, architectural hardware, cladding, and structural glazing. This increase in the utilization of aluminum across the construction sector will, in turn, bolster the revenues for aluminum manufacturers like Ozgenc Makina and AKPA Aluminum, who are the major producers of aluminum doors and windows in the country.
Another significant trend that will incite growth in this market is the growing focus on the export of downstream aluminum products. In Turkey, it has been observed that manufacturers operating in the downstream aluminum-based products market produce over 900,000 tons of products in a year, which includes extrusions, flat-rolled products, and secondary aluminum. Industries like construction, automotive, and packaging are the key end users of these products. However, since domestic demand is limited compared to supply, manufacturers have been compelled to focus on exports for growth. Aluminum extrusions and flat-rolled aluminum products are they key product categories that are in considerable demand from export markets.
Competitive landscape and key vendors
The aluminum manufacturing market in Turkey is characterized by the presence...
Outlook of the aluminum manufacturing market in Romania
According to Technavio’s market research analysts, the aluminum manufacturing market in Romania will generate revenues of over USD 1 billion by 2020. The increasing use of aluminum in the construction industry is one of the primary factors contributing to the growth of this market. Due to its exclusive properties, such as strength, durability, resistance to corrosion, and recyclability, aluminum is extensively used in the construction sector. It is more desirable than iron and steel and is highly malleable with a low melting point, which makes it easily moldable. Since it reacts with oxygen to form an oxidized coating, it can protect structures from corrosion. Additionally, aluminum can also be combined with other metals to enhance its strength. Such benefits make aluminum the material of choice for window frames, roofing, prefabricated buildings, architectural hardware, cladding, and structural glazing.
At present, there is a high global demand for electronics. This increase in the global demand for aluminum will also lead to the growth of the market in Romania as it is an ideal metal for electronic components due to its lightweight properties, high durability, and resistance to corrosion. Since the global demand for electronic devices is expected to increase during the forecast period, the need for aluminum for the construction of such devices will also increase. Apart from global mobile manufacturers like Apple and HTC, local manufacturers, such as Allview, also use aluminum extensively in their products.
Competitive landscape and key vendors
This market is characterized by the presence of diverse international and regional manufacturers who compete on the basis of quality, technology, and pricing. The competitive environment in this market will likely intensify further with an increase in product/service...
Outlook of the electrical equipment market in Romania
The electrical equipment market in Romania will experience moderate growth and will post a steady CAGR of over 2% during the period of 2016 to 2020. The high demand for portable electronic devices will lead to the strong growth of this market during the forecast period. In Romania, though the increase in real wages was modest during 2013-2014, consumer expenditure on electronics grew significantly in terms of both revenue and volume. However, compared to other EU nations, the consumer spending on electronic goods is still low in this region. Factors like low penetration of the market and a relatively higher propensity to purchase high-tech products and electronic gadgets by consumers will lead to the strong growth of the electrical equipment market in Romania during the estimated period.
The focus on enhancing sales network is a key trend propelling the growth prospects for this market during the next four years. Leading manufacturers and new entrants in the market are focusing on enhancing their sales networks through acquisitions of SMEs in Romania. Apart from collaborating with retailers and distributors, numerous manufacturers are focusing on targeting key decision-makers, who are involved in the buying process of electrical equipment in Romania. Such decision-makers include electricians, architects, and contractors, as they play an important role in buying decisions.
Competitive landscape and key vendors
This market is highly fragmented and is marked by the presence of over 400 manufacturers. The level of competition in this market is moderate, with key manufacturers focusing on developing and launching technologically-advanced products. The capacity for innovation lies largely with bigger MNCs that have access to extensive financial resources.
Key manufacturers in this market are -...
Outlook of the global exhaust pressure sensor market
Technavio’s market research analyst predicts the global exhaust pressure sensor market to grow moderately at a CAGR of almost 2% until 2020. The advent of stringent rules for vehicle emission control has compelled automotive manufacturers to install emission control sensors in all their vehicles. This, in turn, has triggered growth in the global market for exhaust pressure sensors during the forecast period. Furthermore, with the growing demand for passenger cars and vehicle automation, the market for exhaust pressure sensors will have a positive outlook until 2020.
The recent rise in the demand for passenger cars will impel the prospects for growth in the global exhaust pressure sensor market during the forecast period. Recently, it has been observed that regions like APAC, North America, Central Europe, and Western Europe are currently experiencing a high demand for passenger cars due to factors like the increase in income, purchasing power parity, and urbanization. This increase in the demand for passenger cars will, in turn, necessitate the implementation of exhaust pressure sensors.
Geographical segmentation of the exhaust pressure sensor market
At present, the APAC region dominates the global market for exhaust pressure sensors and is expected to continue its market dominance during the forecast period. Countries such as China, India, and Japan are contributing towards the growth of this market. Some of the big automakers, such as Ford, Mercedes-Benz, and Volkswagen, are planning to expand their manufacturing facilities to India as it will help them to bridge the supply-demand gap in the Indian market. This recent shift in the manufacturers’ facilities will aid in the steady growth of the market in...
Market outlook of the bidets market
Technavio’s research analyst predicts the global bidets market to grow at a CAGR of about 4% during the forecast period. The growing awareness about the advantages of using bidets for maintaining hygiene is the primary growth driver for this market. Bidets are used to keep the genital area of an individual clean and hygienic, which in turn, help prevent skin irritation and rectal disorders. The advantages of using bidets include the prevention of disorders such as anal fistula, anal fissure, hemorrhoids, ostomy, Crohn's disease, irritable bowel syndrome, rectal prolapse, and ulcerative colitis.
One of the major challenges of using bidets is that it occupies additional space making them inappropriate for small to medium-sized bathrooms. This might prevent consumers from adopting it in the coming four years.
Geographical segmentation and analysis of the bidets market
The Americas accounted for 52% of the market share during 2015 and is expected to grow at a CAGR of 4% during the forecast period. Though, they have not been very popular in the past, the growing awareness among the users regarding the hygiene-related benefits of bidets is boosting the market in this region.
Competitive landscape and key vendors
The global bidets market is highly fragmented because of the presence of numerous small and large suppliers. Along with the popularity of bidets in Americas and Europe, the rapidly growing residential construction markets in APAC and Middle East are also offering significant growth opportunities for vendors.
The leading vendors in the market are -
- Eczacibasi Holding (Vitra) ...
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