Turkey Construction Market Summary, Competitive Analysis and Forecast to 2027
Summary
Construction in Turkey industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The construction market is defined as the value of work put in place annually for both, residential and non-residential construction.
- The Turkish construction industry had total revenues of $106,155.2 million in 2022, representing a negative compound annual growth rate (CAGR) of 12% between 2017 and 2022.
- The residential construction segment accounted for the industry's largest proportion in 2022, with total revenues of $63,986.7 million, equivalent to 60.3% of the industry's overall value.
- According to in-house research, consumer price inflation in Turkey in 2022 stood at 71.2%, up from 19.6% in 2021. After a shaky 2022, the economy is predicted to stabilize in 2024, despite the unexpected and quick increase in rates.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in Turkey
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in Turkey
- Leading company profiles reveal details of key construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Turkey construction market with five year forecasts
- What was the size of the Turkey construction market by value in 2022?
- What will be the size of the Turkey construction market in 2027?
- What factors are affecting the strength of competition in the Turkey construction market?
- How has the market performed over the last five years?
- Who are the top competitors in Turkey's construction market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the key players in this sector?
- 7.2. What strategies do leading players follow?
- 7.3. How do Turkish contractors compete with larger multinationals?
- 8 Company Profiles
- 8.1. Ronesans Gayrimenkul Yatırım AS
- 8.2. Alarko Holding AS
- 8.3. Renaissance Construction Ltd
- 8.4. Nurol Construction and Trading Co Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Turkey construction industry value: $ million, 2017–22
- Table 2: Turkey construction industry category segmentation: % share, by value, 2017–2022
- Table 3: Turkey construction industry category segmentation: $ million, 2017-2022
- Table 4: Turkey construction industry geography segmentation: $ million, 2022
- Table 5: Turkey construction industry value forecast: $ million, 2022–27
- Table 6: Ronesans Gayrimenkul Yatırım AS: key facts
- Table 7: Ronesans Gayrimenkul Yatırım AS: Key Employees
- Table 8: Alarko Holding AS: key facts
- Table 9: Alarko Holding AS: Annual Financial Ratios
- Table 10: Alarko Holding AS: Key Employees
- Table 11: Renaissance Construction Ltd: key facts
- Table 12: Renaissance Construction Ltd: Key Employees
- Table 13: Nurol Construction and Trading Co Inc: key facts
- Table 14: Nurol Construction and Trading Co Inc: Key Employees
- Table 15: Turkey size of population (million), 2018–22
- Table 16: Turkey gdp (constant 2005 prices, $ billion), 2018–22
- Table 17: Turkey gdp (current prices, $ billion), 2018–22
- Table 18: Turkey inflation, 2018–22
- Table 19: Turkey consumer price index (absolute), 2018–22
- Table 20: Turkey exchange rate, 2018–22
- List of Figures
- Figure 1: Turkey construction industry value: $ million, 2017–22
- Figure 2: Turkey construction industry category segmentation: $ million, 2017-2022
- Figure 3: Turkey construction industry geography segmentation: % share, by value, 2022
- Figure 4: Turkey construction industry value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the construction industry in Turkey, 2022
- Figure 6: Drivers of buyer power in the construction industry in Turkey, 2022
- Figure 7: Drivers of supplier power in the construction industry in Turkey, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the construction industry in Turkey, 2022
- Figure 9: Factors influencing the threat of substitutes in the construction industry in Turkey, 2022
- Figure 10: Drivers of degree of rivalry in the construction industry in Turkey, 2022
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook