Construction equipment

Turkey construction equipment market 2022-2028 with XCMG dominating, followed by Komatsu, Caterpillar, Volvo Construction Equipment, Liebherr and SANY

DUBLIN, June 13, 2022 /PRNewswire/ — “Turkey Construction Equipment Market – Strategic Assessment and Forecast 2022-2028” report has been added to from ResearchAndMarkets.com offer.

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Turkey The construction equipment market is expected to grow at a CAGR of 6.86%

The report examines the current scenario of Turkey construction equipment market and market dynamics for 2022-2028. It covers a detailed overview of several growth catalysts, restraints, and market trends. The study includes sales volume and value with industry analysis of Turkey Construction Equipment Market.

In 2021, the material handling segment was the largest segment in Turkey the construction industry, followed by earthmoving and road construction machinery. Forklift was the largest segment by type. However, an excavator was the fastest growing major construction equipment in 2021.

The demand for excavators is expected to rise owing to various government investments in infrastructure development and the growth of renewable energy.

HIGHLIGHTS

  • The construction industry is expected to generate the highest end-user demand, driven by the “Turkey Eleventh Development Plan 2019-2023” program, which is expected to dominate the construction equipment market over the forecast period.

  • The construction machinery market in Turkey is moving towards a more innovative industry at a faster pace than other emerging countries in the world by shifting to intelligent systems driven by IoT and data analytics for service, networking and sustainability.

  • Construction equipment rental companies hold the largest market share in Turkey; due to the large number of SMSEs in Turkey construction industry, rental companies are expected to have higher demand than non-rental companies.

  • In 2021, the Turkish government invested $325 billion in infrastructure projects that include transport infrastructure, which will increase the demand for earthmoving and road construction equipment. Transport infrastructure projects include $80 billion investments in road construction projects, $30 billion investments in high-speed rail networks, $30 billion in ports, and $30 billion in airport infrastructure. These transport infrastructure projects include the Ankara-Istanbul HSL ($3 billion), Ankara-Sivas-Erzincan high-speed line ($1.2 billion), Istanbul Grand Tunnel ($3.5 billion), and from Istanbul third airport ($6.9 billion), which are expected to be completed by 2023.

  • The Turkey government is implementing measures to reduce the amount of waste in landfills and the seas. The government has launched several waste management programs to reduce the generation of solid waste and promote recycling initiatives. In 2021, Adana (City of Turkey) integrated solid waste management system is made by ITC (Invest Trading & Consulting AG). The project covers the rehabilitation of the existing landfill, the construction and operation of a sorting plant, anaerobic digesters and the installation and operation of a landfill gas utilization plant. Turkey waste management, due to which the use of construction equipment such as loaders and excavators has increased in the waste management industry.

VENDOR LANDSCAPE

The construction equipment market is consolidating with XCMG emerging as the leader, followed by Komatsu, Caterpillar, Volvo Construction Equipment, Liebherr and SANY. These companies hold nearly 59% of the total Turkey construction machinery market.

Main suppliers

  • XCMG

  • caterpillar

  • Volvo EC

  • Komatsu

  • Liebherr

  • Hitachi

  • JCB

  • Sani

  • zoom lion

  • Kubota

Other Important Suppliers

Distributors

  • ENKA Pazarlama Import Export Inc.

  • Maats Construction Machinery Ltd. Sti.

  • Kale Makina Pazarlama AS

  • Global TSM

  • Temsa is Makinalari

  • HASEL

Main topics covered:

Chapter 1 Overview

Section 2 Market Overview

Section 3 Market Landscape

  • Turkey Construction Equipment Market by Type (Volume and Value)

  • Handling equipment

  • Forklift and telehandler

  • cranes

  • Aerial platform (articulated platforms, telescopic platforms, scissor lifts, etc.)

  • earthmoving equipment

  • Excavators

  • Backhoe loaders

  • Graders

  • Other earthmoving equipment (other loaders, bulldozer, trencher, etc.)

  • road construction equipment

  • road roller

  • asphalt paver

  • Turkey Construction Equipment Market by End User (Volume & Value)

  • Construction

  • Manufacturing

  • Mining

  • Others (power generation, municipal utilities, oil and gas, cargo handling, power plants, waste management, etc.)

Section 4 Market Dynamics

  • Market Drivers, Restraints, Trends, Turkey Advantage, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, Impact of Covid-19

Section 5 Technological Development

Section 6 Competitive Landscape

  • Overview of the competitive landscape

  • Main suppliers (Xcmg Group – Komatsu Group – Caterpillar – Volvo Construction Equipment – Liebherr Group – Hitachi Construction Machinery – Jcb – Sany Group – Zoomlion – Kubota Corporation – John Deere – Hidromek – Hyundai Doosan Infracore – Yanmar – Kobelco)

  • Other Important Suppliers

  • Distributor Profiles

Section 7 Quantitative Summary

Article 8 Summary of the report

  • key ideas

  • Abbreviations

  • List of graphics

  • List of paintings

Section 9 Scope and definition of the report

For more information about this report visit https://www.researchandmarkets.com/r/1edhqd

Media Contact:

Research and Markets
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