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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.
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 -
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.
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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
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