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Construction Market in Turkey 2023-2027

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    Report

  • 123 Pages
  • September 2023
  • Region: Turkey
  • TechNavio
  • ID: 5553784
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The construction market in Turkey is forecasted to grow by USD 58.52 bn during 2022-2027, accelerating at a CAGR of 5.43% during the forecast period. The report on the construction market in Turkey provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for real estate properties in Turkey, rising investment in public infrastructure projects, and growing foreign tourism in Turkey.

The construction market in Turkey is segmented as below:

By Sector

  • Private
  • Public

By End-user

  • Residential
  • Infrastructure
  • Commercial

By Geographical Landscape

  • Middle East and Africa
This study identifies the increasing focus on building earthquake-resilient buildings as one of the prime reasons driving the construction market in Turkey growth during the next few years. Also, rise in development of green buildings and increasing adoption of dry construction techniques will lead to sizable demand in the market.

The report on the construction market in Turkey covers the following areas:

  • Construction market in Turkey sizing
  • Construction market in Turkey forecast
  • Construction market in Turkey industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading construction market in Turkey vendors that include Alarko Holding AS, Aydiner Construction Co. Inc., Beytturk, Dere Construction, ENKA insaat ve Sanayi AS, Feka, Limak Holding, Nurol Construction and Trading Co. Inc., Renaissance Construction, Ronesans Holding, SK ecoplant CO. LTD., Taisei Corp., TAV Tepe Akfen Investment Construction and Operation Co., and Tekfen Construction and Installation Co. Inc.. Also, the construction market in Turkey analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Sector
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on Turkey - Market size and forecast 2022-2027 ($ billion)
Exhibit 12: Data Table on Turkey - Market size and forecast 2022-2027 ($ billion)
Exhibit 13: Chart on Turkey: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on Turkey: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Construction market in turkey 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on construction market in turkey 2017 - 2021 ($ billion)
4.2 Sector Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Sector Segment 2017 - 2021 ($ billion)
4.3 End-user Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - End-user Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Sector
6.1 Market segments
Exhibit 25: Chart on Sector - Market share 2022-2027 (%)
Exhibit 26: Data Table on Sector - Market share 2022-2027 (%)
6.2 Comparison by Sector
Exhibit 27: Chart on Comparison by Sector
Exhibit 28: Data Table on Comparison by Sector
6.3 Private - Market size and forecast 2022-2027
Exhibit 29: Chart on Private - Market size and forecast 2022-2027 ($ billion)
Exhibit 30: Data Table on Private - Market size and forecast 2022-2027 ($ billion)
Exhibit 31: Chart on Private - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Private - Year-over-year growth 2022-2027 (%)
6.4 Public - Market size and forecast 2022-2027
Exhibit 33: Chart on Public - Market size and forecast 2022-2027 ($ billion)
Exhibit 34: Data Table on Public - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Chart on Public - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Public - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Sector
Exhibit 37: Market opportunity by Sector ($ billion)
Exhibit 38: Data Table on Market opportunity by Sector ($ billion)
7 Market Segmentation by End-user
7.1 Market segments
Exhibit 39: Chart on End-user - Market share 2022-2027 (%)
Exhibit 40: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 41: Chart on Comparison by End-user
Exhibit 42: Data Table on Comparison by End-user
7.3 Residential - Market size and forecast 2022-2027
Exhibit 43: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 45: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on Residential - Year-over-year growth 2022-2027 (%)
7.4 Infrastructure - Market size and forecast 2022-2027
Exhibit 47: Chart on Infrastructure - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Data Table on Infrastructure - Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Chart on Infrastructure - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Infrastructure - Year-over-year growth 2022-2027 (%)
7.5 Commercial - Market size and forecast 2022-2027
Exhibit 51: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by End-user
Exhibit 55: Market opportunity by End-user ($ billion)
Exhibit 56: Data Table on Market opportunity by End-user ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 58: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 59: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 60: Overview on factors of disruption
10.4 Industry risks
Exhibit 61: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 62: Vendors covered
11.2 Market positioning of vendors
Exhibit 63: Matrix on vendor position and classification
11.3 Alarko Holding AS
Exhibit 64: Alarko Holding AS - Overview
Exhibit 65: Alarko Holding AS - Business segments
Exhibit 66: Alarko Holding AS - Key offerings
Exhibit 67: Alarko Holding AS - Segment focus
11.4 Aydiner Construction Co. Inc.
Exhibit 68: Aydiner Construction Co. Inc. - Overview
Exhibit 69: Aydiner Construction Co. Inc. - Product/Service
Exhibit 70: Aydiner Construction Co. Inc. - Key offerings
11.5 Beytturk
Exhibit 71: Beytturk - Overview
Exhibit 72: Beytturk - Product/Service
Exhibit 73: Beytturk - Key offerings
11.6 Dere Construction
Exhibit 74: Dere Construction - Overview
Exhibit 75: Dere Construction - Product/Service
Exhibit 76: Dere Construction - Key offerings
11.7 ENKA insaat ve Sanayi AS
Exhibit 77: ENKA insaat ve Sanayi AS - Overview
Exhibit 78: ENKA insaat ve Sanayi AS - Business segments
Exhibit 79: ENKA insaat ve Sanayi AS - Key offerings
Exhibit 80: ENKA insaat ve Sanayi AS - Segment focus
11.8 Feka
Exhibit 81: Feka - Overview
Exhibit 82: Feka - Product/Service
Exhibit 83: Feka - Key offerings
11.9 Limak Holding
Exhibit 84: Limak Holding - Overview
Exhibit 85: Limak Holding - Product/Service
Exhibit 86: Limak Holding - Key offerings
11.10 Nurol Construction and Trading Co. Inc.
Exhibit 87: Nurol Construction and Trading Co. Inc. - Overview
Exhibit 88: Nurol Construction and Trading Co. Inc. - Product/Service
Exhibit 89: Nurol Construction and Trading Co. Inc. - Key offerings
11.11 Renaissance Construction
Exhibit 90: Renaissance Construction - Overview
Exhibit 91: Renaissance Construction - Product/Service
Exhibit 92: Renaissance Construction - Key offerings
11.12 Ronesans Holding
Exhibit 93: Ronesans Holding - Overview
Exhibit 94: Ronesans Holding - Product/Service
Exhibit 95: Ronesans Holding - Key offerings
11.13 SK ecoplant CO. LTD.
Exhibit 96: SK ecoplant CO. LTD. - Overview
Exhibit 97: SK ecoplant CO. LTD. - Product/Service
Exhibit 98: SK ecoplant CO. LTD. - Key offerings
11.14 Taisei Corp.
Exhibit 99: Taisei Corp. - Overview
Exhibit 100: Taisei Corp. - Business segments
Exhibit 101: Taisei Corp. - Key offerings
Exhibit 102: Taisei Corp. - Segment focus
11.15 TAV Tepe Akfen Investment Construction and Operation Co.
Exhibit 103: TAV Tepe Akfen Investment Construction and Operation Co. - Overview
Exhibit 104: TAV Tepe Akfen Investment Construction and Operation Co. - Product/Service
Exhibit 105: TAV Tepe Akfen Investment Construction and Operation Co. - Key offerings
11.16 Tekfen Construction and Installation Co. Inc.
Exhibit 106: Tekfen Construction and Installation Co. Inc. - Overview
Exhibit 107: Tekfen Construction and Installation Co. Inc. - Product/Service
Exhibit 108: Tekfen Construction and Installation Co. Inc. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 109: Inclusions checklist
Exhibit 110: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 111: Currency conversion rates for US$
12.4 Research methodology
Exhibit 112: Research methodology
Exhibit 113: Validation techniques employed for market sizing
Exhibit 114: Information sources
12.5 List of abbreviations
Exhibit 115: List of abbreviations
Exhibits:
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Sector
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Vendor Market Positioning
Exhibits 7: Parent market
Exhibits 8: Market Characteristics
Exhibits 9: Offerings of vendors included in the market definition
Exhibits 10: Market segments
Exhibits 11: Chart on Turkey - Market size and forecast 2022-2027 ($ billion)
Exhibits 12: Data Table on Turkey - Market size and forecast 2022-2027 ($ billion)
Exhibits 13: Chart on Turkey: Year-over-year growth 2022-2027 (%)
Exhibits 14: Data Table on Turkey: Year-over-year growth 2022-2027 (%)
Exhibits 15: Historic Market Size - Data Table on construction market in turkey 2017 - 2021 ($ billion)
Exhibits 16: Historic Market Size - Sector Segment 2017 - 2021 ($ billion)
Exhibits 17: Historic Market Size - End-user Segment 2017 - 2021 ($ billion)
Exhibits 18: Five forces analysis - Comparison between 2022 and 2027
Exhibits 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 21: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 22: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 23: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 24: Chart on Market condition - Five forces 2022 and 2027
Exhibits 25: Chart on Sector - Market share 2022-2027 (%)
Exhibits 26: Data Table on Sector - Market share 2022-2027 (%)
Exhibits 27: Chart on Comparison by Sector
Exhibits 28: Data Table on Comparison by Sector
Exhibits 29: Chart on Private - Market size and forecast 2022-2027 ($ billion)
Exhibits 30: Data Table on Private - Market size and forecast 2022-2027 ($ billion)
Exhibits 31: Chart on Private - Year-over-year growth 2022-2027 (%)
Exhibits 32: Data Table on Private - Year-over-year growth 2022-2027 (%)
Exhibits 33: Chart on Public - Market size and forecast 2022-2027 ($ billion)
Exhibits 34: Data Table on Public - Market size and forecast 2022-2027 ($ billion)
Exhibits 35: Chart on Public - Year-over-year growth 2022-2027 (%)
Exhibits 36: Data Table on Public - Year-over-year growth 2022-2027 (%)
Exhibits 37: Market opportunity by Sector ($ billion)
Exhibits 38: Data Table on Market opportunity by Sector ($ billion)
Exhibits 39: Chart on End-user - Market share 2022-2027 (%)
Exhibits 40: Data Table on End-user - Market share 2022-2027 (%)
Exhibits 41: Chart on Comparison by End-user
Exhibits 42: Data Table on Comparison by End-user
Exhibits 43: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
Exhibits 44: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
Exhibits 45: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibits 46: Data Table on Residential - Year-over-year growth 2022-2027 (%)
Exhibits 47: Chart on Infrastructure - Market size and forecast 2022-2027 ($ billion)
Exhibits 48: Data Table on Infrastructure - Market size and forecast 2022-2027 ($ billion)
Exhibits 49: Chart on Infrastructure - Year-over-year growth 2022-2027 (%)
Exhibits 50: Data Table on Infrastructure - Year-over-year growth 2022-2027 (%)
Exhibits 51: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
Exhibits 52: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
Exhibits 53: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibits 54: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
Exhibits 55: Market opportunity by End-user ($ billion)
Exhibits 56: Data Table on Market opportunity by End-user ($ billion)
Exhibits 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 58: Impact of drivers and challenges in 2022 and 2027
Exhibits 59: Overview on Criticality of inputs and Factors of differentiation
Exhibits 60: Overview on factors of disruption
Exhibits 61: Impact of key risks on business
Exhibits 62: Vendors covered
Exhibits 63: Matrix on vendor position and classification
Exhibits 64: Alarko Holding AS - Overview
Exhibits 65: Alarko Holding AS - Business segments
Exhibits 66: Alarko Holding AS - Key offerings
Exhibits 67: Alarko Holding AS - Segment focus
Exhibits 68: Aydiner Construction Co. Inc. - Overview
Exhibits 69: Aydiner Construction Co. Inc. - Product/Service
Exhibits 70: Aydiner Construction Co. Inc. - Key offerings
Exhibits 71: Beytturk - Overview
Exhibits 72: Beytturk - Product/Service
Exhibits 73: Beytturk - Key offerings
Exhibits 74: Dere Construction - Overview
Exhibits 75: Dere Construction - Product/Service
Exhibits 76: Dere Construction - Key offerings
Exhibits 77: ENKA insaat ve Sanayi AS - Overview
Exhibits 78: ENKA insaat ve Sanayi AS - Business segments
Exhibits 79: ENKA insaat ve Sanayi AS - Key offerings
Exhibits 80: ENKA insaat ve Sanayi AS - Segment focus
Exhibits 81: Feka - Overview
Exhibits 82: Feka - Product/Service
Exhibits 83: Feka - Key offerings
Exhibits 84: Limak Holding - Overview
Exhibits 85: Limak Holding - Product/Service
Exhibits 86: Limak Holding - Key offerings
Exhibits 87: Nurol Construction and Trading Co. Inc. - Overview
Exhibits 88: Nurol Construction and Trading Co. Inc. - Product/Service
Exhibits 89: Nurol Construction and Trading Co. Inc. - Key offerings
Exhibits 90: Renaissance Construction - Overview
Exhibits 91: Renaissance Construction - Product/Service
Exhibits 92: Renaissance Construction - Key offerings
Exhibits 93: Ronesans Holding - Overview
Exhibits 94: Ronesans Holding - Product/Service
Exhibits 95: Ronesans Holding - Key offerings
Exhibits 96: SK ecoplant CO. LTD. - Overview
Exhibits 97: SK ecoplant CO. LTD. - Product/Service
Exhibits 98: SK ecoplant CO. LTD. - Key offerings
Exhibits 99: Taisei Corp. - Overview
Exhibits 100: Taisei Corp. - Business segments
Exhibits 101: Taisei Corp. - Key offerings
Exhibits 102: Taisei Corp. - Segment focus
Exhibits 103: TAV Tepe Akfen Investment Construction and Operation Co. - Overview
Exhibits 104: TAV Tepe Akfen Investment Construction and Operation Co. - Product/Service
Exhibits 105: TAV Tepe Akfen Investment Construction and Operation Co. - Key offerings
Exhibits 106: Tekfen Construction and Installation Co. Inc. - Overview
Exhibits 107: Tekfen Construction and Installation Co. Inc. - Product/Service
Exhibits 108: Tekfen Construction and Installation Co. Inc. - Key offerings
Exhibits 109: Inclusions checklist
Exhibits 110: Exclusions checklist
Exhibits 111: Currency conversion rates for US$
Exhibits 112: Research methodology
Exhibits 113: Validation techniques employed for market sizing
Exhibits 114: Information sources
Exhibits 115: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the construction market in Turkey: Alarko Holding AS, Aydiner Construction Co. Inc., Beytturk, Dere Construction, ENKA insaat ve Sanayi AS, Feka, Limak Holding, Nurol Construction and Trading Co. Inc., Renaissance Construction, Ronesans Holding, SK ecoplant CO. LTD., Taisei Corp., TAV Tepe Akfen Investment Construction and Operation Co., and Tekfen Construction and Installation Co. Inc..

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is increasing focus on building earthquake-resilient buildings.'
According to the report, one of the major drivers for this market is the rising demand for real estate properties in Turkey.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alarko Holding AS
  • Aydiner Construction Co. Inc.
  • Beytturk
  • Dere Construction
  • ENKA insaat ve Sanayi AS
  • Feka
  • Limak Holding
  • Nurol Construction and Trading Co. Inc.
  • Renaissance Construction
  • Ronesans Holding
  • SK ecoplant CO. LTD.
  • Taisei Corp.
  • TAV Tepe Akfen Investment Construction and Operation Co.
  • Tekfen Construction and Installation Co. Inc.