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According to Technavio’s market research analyst, the wood manufacturing market in Romania will grow steadily at a CAGR of almost 5% by 2020. The easy availability of raw materials is a significant factor spurring this market’s growth prospects over the next few years. In Romania, around 28% of the land is covered with forests. The Institute for European Environmental Policy (IEEP) implemented new afforestation policies that led to the re-forestation of thousands of square kilometers of land in Europe, including Romania. The forests in Europe are now growing at approximately 0.45 million hectares every year. This increase in the forest cover has led to the easy availability of wood for the wood manufacturing industry.
This market study also expects the high demand for medium-density fiberboard (MDF) products to spur the prospects for market growth during the estimated period. MDF is a composite panel manufactured by combining wood fiber and resin. It is recyclable, durable, and can be used to manufacture designer furniture. Additionally, as powder-coated MDF has a lower carbon and ecological footprint compared to materials with solvent-borne and water-borne coatings, its demand among the end users will increase significantly over the next few years.
The wood manufacturing market in Romania is characterized by the presence of diverse international and regional manufacturers. However, as international players have increased their footprint in the market, regional manufacturers are finding it increasingly difficult to compete with them, especially on features such as quality, technology, and pricing. The competitive environment in this market will intensify with an increase in product/service extensions, technological innovations, and M&A activities.
Key manufacturers analyzed in this market study are -
During 2015, the sawmilled and planed wood segment dominated this market by accounting for an impressive market share of approximately 50%.
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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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