The Turkey construction market size was valued at $113.4 billion in 2021. The market is projected to grow at an AAGR of more than 4% during the period 2023-2026. It is expected that the Turkey construction market output in this year will be affected by the Russia-Ukraine crisis.
The Turkey construction market report provides a detailed analysis of Turkey’s construction industry’s growth prospects by market, project type, and construction activity. It also provides critical insights into the impact of industry trends and issues as well as an analysis of key risks and opportunities in the construction industry. Moreover, it provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Turkey construction market overview
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What are the key sectors in the Turkey construction market?
The key sectors in the Turkey construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction.
| Commercial construction market in Turkey
Investment into the commercial construction sector is likely to be affected by the ongoing Russia-Ukraine crisis. Moreover, a weak lira and high inflation will squeeze domestic household incomes and dampen demand in the retail and leisure sectors. |
| Industrial construction market in Turkey
Industrial output is likely to be impacted by supply chain disruptions, higher raw material prices and disruptions to energy supply, owing to the ongoing Russia-Ukraine crisis. Investment into new manufacturing plants is therefore expected to be weak in 2022. Infrastructure construction market in Turkey The infrastructure sector is expected to register an annual growth in real terms in 2022, before recording an annual average growth from 2023 to 2026, supported by public investment into transport infrastructure to improve regional connectivity in the country. Energy & utilities construction market in Turkey The energy and utilities sector’s output over the forecast period will be driven by spending on renewable energy and natural gas storage projects, with the total storage capacity of Silivri and Tuz Golu underground storage facilities expected to rise by 2023. Institutional construction market in Turkey The institutional sector is expected to grow in 2022 and the growth will be supported by investment in the education and healthcare sectors. Residential construction market in Turkey The institutional sector is expected to contract by in real terms this year, before rebounding to an annual average growth rate from 2023 to 2026. The sector’s output over the forecast period will be supported by the government’s focus on the health and education sectors, coupled with investments on healthcare buildings, in line with the rising elderly population in the country. Turkey construction market analysis by sectors
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Who are the key contractors in the Turkey construction market?
The key contractors in the Turkey construction market are State Atomic Energy Corporation Rosatom, Limak Holding Inc., Kolin Insaat Turizm San Ve Tic AS, Dogus Grubu, Yapi Merkezi Holding Inc., Daliem Group, Gap Insaat, Tekfen Holding AS, YSE Yapi Sanayi, and Agaoglu.
Turkey construction market analysis by contractors
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Who are the key consultants in the Turkey construction market?
The key consultants in the Turkey construction market are Yuksel Proje, Engie SA, Cinar Muhendislik Musavirlik AS, Prota Engineering Project and Consultancy Inc., AECOM, Tekfen Holding AS, Emay Uluslararasi Muhendislik ve Musavirlik AS, Som Proje, Arup Group Ltd, and Bosphorus Technical Consulting Corporation.
Turkey construction market analysis by consultants
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Market report scope
| Market size (Year – 2021) | $113.4 billion |
| Growth rate – AAGR (2023 – 2026) | >4% |
| Forecast period | 2022-2026 |
| Key sectors | Commercial Construction, Industrial Construction, Infrastructure Construction, Energy & Utilities Construction, Institutional Construction, and Residential Construction |
| Key contractors | State Atomic Energy Corporation Rosatom, Limak Holding Inc., Kolin Insaat Turizm San Ve Tic AS, Dogus Grubu, Yapi Merkezi Holding Inc., Daliem Group, Gap Insaat, Tekfen Holding AS, YSE Yapi Sanayi, and Agaoglu |
| Key consultants | Yuksel Proje, Engie SA, Cinar Muhendislik Musavirlik AS, Prota Engineering Project and Consultancy Inc., AECOM, Tekfen Holding AS, Emay Uluslararasi Muhendislik ve Musavirlik AS, Som Proje, Arup Group Ltd, and Bosphorus Technical Consulting Corporation |
Scope
This report provides a comprehensive analysis of the construction industry in Turkey. It provides –
- Historical and forecast valuations of the construction industry in Turkey, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy, and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData’s critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The construction market size in Turkey was valued at $113.4 billion in 2021.
The construction market in Turkey is projected to grow at an AAGR of more than 4% during the period 2023 to 2026.
The key sectors in the Turkish construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction.
The key contractors in the Turkish construction market are State Atomic Energy Corporation Rosatom, Limak Holding Inc., Kolin Insaat Turizm San Ve Tic AS, Dogus Grubu, Yapi Merkezi Holding Inc., Daliem Group, Gap Insaat, Tekfen Holding AS, YSE Yapi Sanayi, and Agaoglu.
The key consultants in the Turkish construction market are Yuksel Proje, Engie SA, Cinar Muhendislik Musavirlik AS, Prota Engineering Project and Consultancy Inc., AECOM, Tekfen Holding AS, Emay Uluslararasi Muhendislik ve Musavirlik AS, Som Proje, Arup Group Ltd, and Bosphorus Technical Consulting Corporation..
