Enjoy complimentary customisation on priority with our Enterprise License!
Market research analysts at Technavio have predicted that the aluminum manufacturing market in Bulgaria will witness steady growth at a CAGR of more than 1% over the forecast period. A rise in purchasing power and increased urbanization have led to an augmented demand for both indoor and outdoor furniture. Cast aluminum patio furniture is a type of outdoor furniture that has become increasingly popular in the last few years. These products are lightweight and inexpensive compared to wood, and more resistant to corrosion from iron or steel. Moreover, aluminum furniture is highly durable attractive, and require minimal maintenance, which is expected to fuel its demand over the next four years.
Aluminum is considered an ideal material for electronic components because of its light weight, structural strength, and corrosion-resistant properties. Besides, the global mobile manufacturers such as Apple and HTC, local manufacturers like Allview also use aluminum extensively in their products. The demand for electronic devices is expected to increase steadily during the forecast period due to a rise in consumer expenditure and purchasing power of the general population, which, in turn, will propel the growth prospects of the aluminum manufacturing market in Bulgaria.
The aluminum manufacturing market in Bulgaria is characterized by the presence of diverse international and regional manufacturers. However, as international players have established their footprint in the market, regional manufacturers are finding it increasingly difficult to compete with them, especially in terms of quality, technology, and pricing. The competitive environment is expected to intensify further with an increase in product/service extensions, technological innovations, and M&A. The market is highly competitive, with players competing to gain maximum market shares. Intense competition, rapid advances in technology, and frequent changes in consumer preference constitute significant risks for manufacturers.
The leading vendors in the market are -
During 2014, the automotive sector dominated the aluminum manufacturing market in Bulgaria and accounted for nearly 33% of the revenue market shares. Aluminum is extensively used in the manufacture of aircraft, automobiles, and commercial vehicles as it is lightweight and durable. The growth of the automotive industry in Bulgaria is anticipated to boost the demand for aluminum during the forecast period.
Technavio also offers customization on reports based on specific client requirement.
This is preliminary content. The table of contents is subject to change.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.