LONDON--(BUSINESS WIRE)--Technavio has announced the top 15 leading vendors in their recent aluminum manufacturing market in Romania report until 2020. The report presents the manufacturer landscape and a corresponding database of the key manufacturers involved in the production of primary aluminum and aluminum extrusions. To calculate the market size, the report considers the production of aluminum in the country.
The aluminum manufacturing market in Romania will grow at a CAGR of nearly 2% in terms of revenue during the forecast period. The production of aluminum in Romania was valued at 275.52 thousand tons in 2015, and this is expected to reach 288 thousand tons in 2020. “Huge demand in the architectural sector for new designs, shift in consumer preference toward outdoor furniture, and demand from the consumer goods sector are propelling the demand for aluminum,” says Chandrakumar Badala Jaganathan, lead metals and minerals analyst from Technavio.
Competitive vendor landscape
According to the report, the aluminum manufacturing market in Romania is characterized by the presence of diverse international and regional manufacturers. However, as international players have established their footprint in the market, regional manufacturers are finding it increasingly difficult to compete with them, especially on aspects such as quality, technology, and pricing. The competitive environment in this market will likely intensify further with an increase in product/service extensions, technological innovations, and M&A.
Companies with better technical and financial resources can manufacture products that may prove the competitors' merchandise non-competitive even before they are launched. As a result, the competitors find it difficult to recover R&D and commercialization costs. Hence, manufacturers also have to keep abreast of emerging technologies that can have a bearing on their product lines.
The market is dominated by leading international players. However, there are several regional and foreign players with small market shares. Major manufacturers compete based on aspects such as pricing, availability, branding, and variety. The growth of players in the market also depends on market conditions, government support, and industrial development. Limited access to capital and lack of R&D infrastructure are major barriers to the entry of new players.
“Intense competition, rapid advances in technology, and frequent changes in consumer preference constitute significant risks for market manufacturers. Moreover, there is an influx of private labels in the market. Therefore, it is imperative for market manufacturers to distinguish their product and service offerings through a clear and unique value proposition,” says Chandrakumar.
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Top 15 aluminum manufacturing market vendors in Romania
|Accesorii-Design||Major manufacturer of aluminum products used in apparel and accessories|
|Alro||Largest and only manufacturer of primary aluminum in Romania|
|Alumil||Largest manufacturer of aluminum extrusions and profiles in Romania|
|Anamep||Manufacturer of aluminum extrusions|
|Ario||Producer of iron and steel castings|
|Asam||Fabricator catering to industries such as automotive, mining, and agriculture|
|Aversa Manufacturing||Manufacturer of pumps|
|Balkan||Producer of aluminum sand castings|
|Lamar Trust||Producer of PVC, aluminum, and wood doors and windows|
|Metro International||Recycler and supplier of aluminum|
|Rancon||Involved in the casting of ferrous and non-ferrous industrial parts|
|Sapa Group||Producer of aluminum solutions focusing primarily on extrusions with a global presence|
|SC Exinto||Major supplier of copper and aluminum in Romania|
|SC Irum||Producer of machinery|
|Universal Alloy||Major supplier of aluminum products to aircraft manufacturers|
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