Fabricated Metal Products Market in Bulgaria 2016-2020

Outlook of the Bulgarian fabricated metal products market

The fabricated metal products market in Bulgaria will grow at a steady rate and will generate revenues of over USD 1 billion by 2020. Among the numerous market drivers, the recent increase in the construction of infrastructure in this region will aid in the steady growth of this market during the forecast period. The government of Bulgaria is investing extensively in the development of infrastructure in the country to bring it on par with the other EU nations. In Bulgaria, more than USD 1.51 billion has been allocated for the development of infrastructure in the country under the Regional Development Program. The development and rehabilitation of the railway infrastructure is also planned under this scheme. Since the construction projects are technology and material intensive in nature, they require a continuous supply of a wide variety of fabricated metal components.

The recent growth of machining, treatment, and coating of metals segment will also lead to the growth of this market during the forecast period. Due to the increase in FDI inflow, many new manufacturing facilities are being established in this region. Manufacturing companies rely heavily on manufacturers of fabricated metal products for the supply of machined parts, and for treatment and coating of metals. Owing to this increase in industrial and manufacturing activity, the machining, treatment, and coating of metals segment is experiencing accelerated growth in Bulgaria.

Competitive landscape and key vendors 

This market is competitive and is primarily dominated by the large players as they account for a major part of the market’s overall share.

Top manufacturers in this market are -

• 3A Steel
• Alcomet
• Autonom Metall
• Blik 99
• Herti
• KCM
• Metalik
• Metalstroy
• Preskov
• Radomir Metal Industries
• Speedo
• Stomana
• Velox Systems
• Zhiti

Product-based segmentation and analysis of the fabricated metal products market in Bulgaria

• Structural metal products
• Cutlery, tools, and general hardware
• Forging, pressing, stamping, and roll-forming of metal; powder metallurgy
• Machining, treatment, and coating of metals

According to this market analysis, the structural metal products segment dominated this market by accounting for a market share of approximately 30%.  This market segment was closely followed by the machining, treatment and coating of metals segment and the other fabricated metal products segment. The growth of the construction industry in Bulgaria during the forecast period, especially the infrastructural construction sector, is likely to lead to the demand for structural metal products.

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 Bulgaria?
• What are the key market trends impacting the growth of the fabricated metal products market in Bulgaria?
• What are the challenges to market growth?
• Who are the key vendors in the fabricated metal products market in Bulgaria?
• What are the market opportunities and threats faced by the vendors in the fabricated metal products market in Bulgaria?
• Trending factors influencing the market shares of Bulgaria.
• What are the key outcomes of the five forces analysis of the fabricated metal products market in Bulgaria?

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