Turkey Construction Equipment Market (2020-2026) | industry, Size, Share, Growth, Revenue, Analysis, Forecast, Outlook & COVID-19 IMPACT

Latest 2023 Development of the Turkey Construction Equipment Market

Turkey Construction Equipment Market is one of the largest markets in the world, fuelled by government investments in infrastructure projects and the increasing demand for residential and commercial properties. Moreover, increased investment in construction activities, growth in the real estate sector, and the introduction of new government initiatives to support infrastructure development are other key factors propelling the growth of this market. Also, the government has introduced various initiatives to support the construction sector and to renovate the country's housing stock. Moreover, the rising popularity of rental equipment is attributed to its cost-effectiveness and flexibility for small and medium-sized construction companies.

Apart from this, Turkey has been rapidly urbanizing over the past decade, which has created a strong demand for infrastructure development which resulted in a growing demand for new construction projects. Rising investment in the construction industry from both domestic and foreign investors is also proliferating the demand for construction equipment. The construction equipment industry in Turkey has been experiencing advancements in technology which include the development of autonomous and electric construction equipment, leading to the swashbuckling growth of Turkey Construction Equipment Industry.

Turkey Construction Equipment Market Synopsis

The Turkey construction equipment market report is a part of the Middle East Construction Equipment Market is a part of thoroughly covers the market by equipment types, equipment sub-segment types, applications, and regions. Turkey construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing Turkey construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Turkey construction equipment market has witnessed substantial growth over the past few years primarily driven by increasing government investment in infrastructure development projects as well as rising FDI in the industrial and other key sectors in the country. However, during the first three quarters of 2020, the Turkey market is anticipated to register a decline in economic growth due to the outbreak coronavirus pandemic which had a negative impact on businesses worldwide. However, the market in Turkey is expected to recover from the economic scenario during the second half of 2020-2026, and the construction equipment market in Turkey is also anticipated to recover by the end of 2020.

According to 6Wresearch, Turkey Construction Equipment Market size is likely to witness growth during 2020-2026. This growth is primarily driven by government initiatives towards the country’s 11th Five Year development plan which covers a budget for constructing and developing the residential and transportation sector by the year 2023, which would lead to a surge in demand for the construction equipment market in Turkey during the forecast period. Additionally, the government is also deploying high-speed internet cables in the country to introduce additive manufacturing, robotics, artificial intelligence, and the internet of things in the manufacturing sector. These initiatives will entice foreign manufacturing companies and also boost the growth of the construction market in Turkey.

Turkey construction equipment market is anticipated to register sound revenues in the upcoming six years on the back of the rise in the adoption of construction equipment in varied sectors such as construction, mining, and oil & gas. Additionally, On the basis of the end-users, the construction industry is expected to register the highest revenues in the overall turkey construction equipment market on the back of rising financial autonomy helps investors raise funds in purchasing equipment in order to commence construction projects which are anticipated to augment the demand for construction equipment and would boost the significant growth of the Turkey construction equipment market in the upcoming six years.

COVID-19 in Turkey Construction Equipment Market

The outburst of coronavirus has declined the growth of Turkey Construction Equipment Market as the restrictions imposed by the government of the country put a halt on construction activities and infrastructure projects. The lockdown imposed led to disruption in the supply chain of construction equipment. 

Market Analysis by Equipment Types

In terms of equipment types, earthmoving equipment is registering substantial growth in the overall Turkey construction equipment market primarily due to increasing infrastructural development projects and the rising number of construction sites in the country.

Key players in the market 

Some of the key players in Turkey Construction Equipment Market are:

• XCMG.
• Caterpillar.
• Volvo CE.
• Komatsu.
• Liebherr.
• Hitachi.
• JCB.
• Sany.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Turkey Construction Equipment Market Overview
• Turkey Construction Equipment Market Outlook
• Turkey Construction Equipment Market Forecast
• Historical Data of Turkey Construction Equipment Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Turkey Construction Equipment Market Revenues and Volumes, Until 2026.
• Historical data of Turkey Cranes Market for the Period 2016-2019.
• Market Size & Forecast of Turkey Cranes Market, Until 2026.
• Historical data of Turkey Bull Dozers & Construction Tractors Market for the Period 2016-2019.
• Market Size & Forecast of Turkey Bull Dozers & Construction Tractors Market, Until 2026.
• Historical data of Turkey Earth Moving Equipment Market for the Period 2016-2019.
• Market Size & Forecast of Turkey Earthmoving Equipment Market, Until 2026.
• Historical data of Turkey Material Handling Market for the Period 2016-2019.
• Market Size & Forecast of Turkey Material Handling Market, Until 2026.
• Historical data of Turkey Dump Trucks Market for the Period 2016-2019.
• Market Size & Forecast of Turkey Dump Trucks Market, Until 2026.
• Historical data of Turkey Aerial Work Platform Market for the Period 2016-2019.
• Market Size & Forecast of Turkey Aerial Work Platform Market, Until 2026.
• Historical data of Turkey Road Construction Equipment Market for the Period 2016-2019.
• Market Size & Forecast of Turkey Road Construction Equipment Market, Until 2026.
• Historical Data of Turkey Construction Equipment  Market Revenues and Volumes, by Applications, for the Period 2016-2019
• Market Size & Forecast of Turkey Construction Equipment Market Revenues and Volumes, by Applications, Until 2026
• Historical Data of Turkey Construction Equipment Market Revenues and Volumes, by Regions, for the Period 2016-2019
• Market Size & Forecast of Turkey Construction Equipment Market Revenues and Volumes, by Regions, Until 2026
• Market Drivers and Restraints
• TURKEY Construction Equipment Market Trends and Industry Life Cycle
• Porter’s Five Forces Analysis
• Market Opportunity Assessment
• TURKEY Construction Equipment Market Share, By Countries
• TURKEY Construction Equipment Market Share, By Companies
• TURKEY Construction Equipment Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The TURKEY construction equipment market report provides a detailed analysis of the following market segments:

• By Types:

  • Mobile Cranes
  • Construction Tractor and Bulldozer
  • Earthmoving Equipment
    • Loaders
    • Excavators
    • Motor Grader
  • Aerial Work Equipment
    • Articulated Boom Lifts
    • Telescopic Boom Lifts
    • Scissor Lifts
  • Material Handling Equipment
    • Telescopic Handlers
    • Forklifts
  • Dump Trucks
  • Road Construction Equipment
    • Pavers
    • Road Rollers

By Applications:

• Corporate Enterprise
• Oil and Gas
• Mining
• Others (Municipality, Road Construction)

Turkey Construction Equipment Market: FAQs