Fabricated Metal Products Market in Bosnia and Herzegovina 2016-2020

Overview of the fabricated metal products market in Bosnia and Herzegovina

Extensive research carried out by the analysts at Technavio has shown that the fabricated metal products market in Bosnia and Herzegovina will grow steadily at a CAGR of more than 5% over the forecast period. It has been observed that the demand for metal doors and windows has increased significantly over the last few years, resulting in an increase in the revenue generated by this segment. The high demand for aluminum doors, aluminum thresholds for doors and windows, and aluminum frames from domestic and export markets was a major contributor to the growth of this market. Moreover, the rising demand for iron and steel doors and windows will also create a favorable environment for fabricated metal manufacturers to improve their profitability, and will be one of the major causes for propelling the growth of this market during the forecast period.

One of the emerging trends propelling the growth prospects of this market is the augmented production of light metal packaging products. Light metal packaging products include cans made from iron and steel that are used for packaging purposes. Although the market was sluggish and has a very few vendors during 2011-2013, this segment witnesses a surge in the production of light metal packaging products during 2014. Moreover, several new entrants are anticipated to enter this segment, which will further contribute to its growth in the coming years.

Product segmentation and analysis of the fabricated metal products market in Bosnia and Herzegovina

• Structural metal products
• Treated, coated, and machined metals
• Cutlery, tools, and general hardware
• Forged, pressed, stamped, and roll-formed metals
• Other fabricated metal products (wires, chains, springs, and light metal products for packaging)

During 2015, the structural metal products segment dominated the market and accounted for close to 42% of the market shares in terms of revenue. The country is a major center for the manufacture of structural metals used in the construction of energy projects and serves as a trading link between Europe, Central Asia, and the Middle East due to its strategic location. It has been observed that the country is attracting FDI over the past few years because of its favorable legal and taxation systems, low operating costs, and a tactical location. In 2013, foreign investments in the structural metal products segment accounted for over 33% of the total foreign investments in the metals sector. This segment's growth is also attributed to the growing demand for bridge sections of iron and steel.

Competitive landscape and key vendors

Competition in the fabricated metal products market in Bosnia and Herzegovina is moderate with the key manufacturers focussing on the development and introduction of energy-efficient fabrication techniques. Although the manufacturers have increased their R&D expenditure, larger MNCs with sound financial backing are the major innovators as SMEs in Bosnia and Herzegovina lack adequate financial resources to carry out R&D activities on a large scale.

Manufacturers in the market are looking to adopt newer technologies in an effort to reduce energy consumption and increase efficiency. Manufacturers are also promoting innovation in the industry by expanding their R&D horizon, and investing in the development of new products.

Key vendors in this market are -

• AB Neretva
• ALG
• Alumil Group
• Aluminij Mostar
• Bekto Precisa
• Bogner Edelstahl
• Emka Gorazde
• Euro Prost
• INOX Ajanovic
• Jelsingrad Livinca Celika
• Juwal
• Krivaja Metali
• Mittal Steel Zenica
• Presal Extrusion Siroki Brijeg
• Strolit
• Vigmelt

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the fabricated metal products market in Bosnia and Herzegovina?
• What are the key market trends impacting the growth of the fabricated metal products market in Bosnia and Herzegovina?
• What are the challenges to market growth?
• Who are the key vendors in the fabricated metal products market in Bosnia and Herzegovina?
• What are the market opportunities and threats faced by the vendors in the fabricated metals products market in Bosnia and Herzegovina?
• Trending factors influencing the market shares of Bosnia and Herzegovina.
• What are the key outcomes of the five forces analysis of the fabricated metal products market in Bosnia and Herzegovina?

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