Outlook of the textile manufacturing market in Romania

According to this market research, the market for textile manufacturing in Romania will grow at a slow but modest CAGR of over 2% by 2020. The market study also identifies eminent factors, such as low labor costs in the region, to foster market growth during the estimated period. In Romania, during 2014, the average monthly wage in Romania was around USD 345 in the clothing sector and around USD 425 in the textile industry, which is lesser than the wages in other EU countries. The presence of low-cost labor in the region has attracted numerous foreign manufacturers into the region, which in turn creates potential growth opportunities for the market.

The provision of subcontracting services is another factor that will lead to the growth of this market during the next four years. Following the privatization of the textile manufacturing industry in Romania post the 1990s, an increasing number of manufacturers have started adopting contract manufacturing business models to capture growth. As a result, the number of manufacturers that provide subcontracting services in this region has increased substantially. This trend is expected to continue during the forecast period, with a major share of such subcontracting manufacturers catering to demand from Western Europe and the US.

Competitive landscape and key vendors 

The textile manufacturing market in Romania is marked by the presence of more than 1,000 small and big players. As the large players account for a major part of the market’s overall share, the smaller players find it difficult to compete with them, especially on the basis of aspects such as quality, technology, and pricing. The competitive environment in this market will likely intensify further with an increase in demand for products from Asian counterparts.

Some of the key manufacturers in this market are -

• Amann Group
• Arfil
• Carpeta
• Flamatex
• Gordius
• Green Furture
• Iasitex
• Minet
• Nova Textile
• RMC Rupea
• Siderma
• Siretul
• Textile Blue Wash
• Transval Mob

Segmentation by process and analysis of the textile manufacturing market in Romania

• Preparation and spinning of textile fibers
• Weaving of textiles
• Finishing of textiles
• Manufacture of other textiles

During 2015, the preparation and spinning of textiles accounted for more than 32% of the total market share and is envisaged to continue its market dominance in terms of revenue during the next four years. Romania has a longstanding tradition of textile manufacturing. The key strengths of this industry include low labor costs, the presence of skilled and experienced staff, and the manufacture of products that comply with EU standards and regulations. The industry’s proximity to Western Europe is also a key factor that is anticipated to provide potential growth opportunities to Romanian companies involved in the preparation, spinning, weaving, and finishing of textiles.

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 textile manufacturing market in Romania?
• What are the key market trends impacting the growth of the textile manufacturing market in Romania?
• What are the challenges to market growth?
• Who are the key vendors in the textile manufacturing market in Romania?
• What are the market opportunities and threats faced by the vendors in the textile manufacturing market in Romania?
• Trending factors influencing the market shares of Romania.
• What are the key outcomes of the five forces analysis of the textile manufacturing market in Romania?

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