Fabricated Metal Products Market in Serbia 2016-2020

This market research report presents a detailed segmentation of the fabricated metal products market in Serbia product (structural metal products, treated, coated, and machined metals, cutlery, tools, and general hardware, forged, pressed, stamped, and roll-formed metal, and others). This report also analyzes the leading players in the market including Al Pack, Alubond, Alumil, Conti3 Srl, Grundfos, Luvata, Maksim, Meier Mechanic, Quivogne, Rapp Zastava, RASCO, SBE, Tatravagonka, and UNIOR.

Outlook of the fabricated metal products market in Serbia

According to the market research analysts at Technavio, the fabricated metal products market in Serbia is anticipated to witness steady growth and will post a CAGR of more than 3% over the forecast period. Exports constitute about one-third of the revenue generated by the fabricated metal products market in Serbia and the exports market for fabricated metal products is expected to witness an accelerated growth in the predicted period. Fabricated metal products manufactured in Serbia are exported to several countries around the world including Russia, Germany, Italy, and the US. With the expected increase in exports, the market for fabricated metal products in Serbia will have a positive outlook in the coming years.

The majority of fabricated metal manufacturers in the market are looking to enhance their existing product portfolios through M&As. This has driven many international manufacturers to forge strategic alliances and partnerships with the local manufacturers to tap into the growth potential of local markets. Also, large manufacturers are acquiring small and local manufacturers to consolidate their positions in the market. For instance, Esmark has shown a keen interest in the acquisition of companies in Serbia, especially those that have fabrication facilities. The government of Serbia is also inviting bids for loss-making facilities as part of its divestment strategy, as well as to optimize the utilization of manufacturing capacities. This is expected to attract investments from global companies, leading to the proliferation of this market over the next four years.

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

• Structural metal products
• Treated, coated, and machined metals
• Cutlery, tools, and general hardware
• Forged, pressed, stamped, and roll-formed metal

In terms of revenue, the structural metal products segment led the fabricated metal products market in Serbia and accounted for more than 32% of the market shares in 2015. The growing demand for better facilities and amenities has resulted in the rise of several new construction projects in Serbia. This is expected to gain traction during the forecast period leading to an increased demand for structural metal products. The construction industry, which is the primary end-user of these products, is gaining momentum owing to several high-profile projects sanctioned in 2015. Similarly, companies like Gemax have also entered into strategic alliances with local construction companies like Taca. Such alliances are expected to boost the construction sector in the country and create demand for structural metal products.

Competitive landscape and key vendors

The fabricated metal products market in Serbia is highly fragmented owing to the presence of several well-established international and regional manufacturers. While the multinational and regional manufacturers primarily focus on large construction projects, the indigenous players are restricted to small-scale construction projects. In an effort to reduce energy consumption of metal fabrication processes and increase energy efficiency, manufacturers in the market are looking to adopt newer technologies. The competition among the manufacturers is intense, with the key manufacturers focusing on the development and introduction of energy-efficient fabrication techniques.

Key vendors in this market are -

• Al Pack
• Alubond
• Alumil
• Conti3 Srl
• Grundfos
• Impol
• Kleemann
• Litostroj Group
• Luvata
• Maksim Group
• Meier Mechanic
• Quivogne
• Rapp Zastava
• RASCO
• SBE
• Tajfun
• Tatravagonka
• UNIOR Components

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

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

Related reports:

• Global Precious Metals Market 2015-2019
• Global Metal Caps and Closures Market 2016-2020
• Global Rare Earth Metals Market 2015-2019
• Global Non-Ferrous Metals Market 2016-2020