Fabricated Metal Product Market in Romania 2016-2020

Overview of the Romanian fabricated metal products market

According to Technavio’s market research analyst, the fabricated metal product market in Romania will grow steadily at a CAGR of over 2% by 2020. A noteworthy factor responsible for the growth of this market is the recent increase in consumer spending. In Romania, though the increase in real wages was modest during 2013-2014, consumer spending in the country grew significantly. Consumer spending in Romania increased from USD 7,259.10 in 2013 to USD 7,550.50 in 2014 and further increased to USD 7,882.10 in 2015. This increase in consumer spending is an indication of the rise in purchasing power of customers. Due to this increase in purchasing power, the demand for fabricated metal products like cutlery will increase significantly.

In this market research, analysts have observed that there is an increase in the demand for lightweight metal products. Components made from materials like aluminum, magnesium, and carbon fiber are used in the construction sector to increase strength and decrease the overall weight of the structure. Lightweight and malleable materials are preferred in the construction sector as they allow for flexibility in design, apart from imparting strength to the structure. Such benefits have led to demand for lightweight materials, such as aluminum, in the construction industry.

Competitive landscape and key vendors

This market is marked by the presence of more than 5,800 manufacturers, which includes both multinational as well as regional and indigenous manufacturers. In this market, the multinationals focus primarily on large-scale construction projects, whereas indigenous players focus more on small-scale construction projects. As indigenous players are cost-effective, SMEs, and smaller construction companies and contractors prefer to procure fabricated metal products from these manufacturers.

Key manufacturers in this market are -

• Allstar Prod
• Can Pack Romania
• Canam Group
• Dioma
• Doladela
• Impress Buftea (Ardagh Group)
• Isopan
• Lindab
• Metal Frame Buildings
• Metalicplas Impex
• Nimet
• Plastsistem
• Quatron Steel
• Stelco Metalworking & Steel Fabrication
• Vilmar

Segmentation by type of products and analysis of the fabricated metal product market in Romania

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

In terms of revenue, the structural metal products segment dominated this market and accounted for a market share of more almost 30% during 2015. Growth in the IT, BPO, and retail sectors will result in the high demand for structural metal products during the next four years. Additionally, the establishment of new retail stores in the region will also lead to the growth of this market segment during the predicted 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 fabricated metal products market in Romania?
• What are the key market trends impacting the growth of the fabricated metal products market in Romania?
• What are the challenges to market growth?
• Who are the key vendors in the fabricated metal products market in Romania?
• What are the market opportunities and threats faced by the vendors in the fabricated metal products market in Romania?
• 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 Romania?

Technavio also offers customization on reports based on specific client requirement.

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