Aluminium Manufacturing Market in Bulgaria 2016-2020

Overview of the aluminum manufacturing market in Bulgaria

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.

Competitive landscape and key vendors

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 -

• Alcomet
• ALPO
• Altest
• Alumex
• ETEM Bulgaria
• Exalco
• FM Plast
• Herti
• PIH Industry
• SAAV
• Salamander-Koychevi
• Unicom
• Velox Systems
• Weiss Profil

Segmentation by consumption and analysis of the aluminum manufacturing market in Bulgaria

• Automotive sector
• Construction sector
• Packaging sector
• Consumer goods and electronics
• Electrical sector

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.

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 aluminum manufacturing market in Bulgaria?
• What are the key market trends impacting the growth of the aluminum manufacturing market in Bulgaria?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the aluminum manufacturing market in Bulgaria?
• What are the trending factors influencing the market shares of Bulgaria?
• What are the key outcomes of the five forces analysis of the aluminum manufacturing market in Bulgaria?

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