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Construction Market in Turkey 2024-2028

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    Report

  • 126 Pages
  • September 2024
  • Region: Turkey
  • TechNavio
  • ID: 5553784
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The construction market in turkey is forecasted to grow by USD 68.3 billion during 2023-2028, accelerating at a CAGR of 5.96% 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, growing investment in public infrastructure projects, and expanding 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
A robust vendor analysis within the report 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 A.S., Aydiner Construction Co. Inc., Beytturk, Dere Construction, ENKA Insaat ve Sanayi A.S., 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 report 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 primary and secondary research. 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 accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Country Market Characteristics
  • Executive Summary - Chart on Market Segmentation by Sector
  • Executive Summary - Chart on Market Segmentation by End-user
  • Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market
2.2 Market characteristics
  • Market characteristics analysis
2.3 Value chain analysis
  • Value Chain Analysis
3 Market Sizing
3.1 Market definition
  • Offerings of companies included in the market definition
3.2 Market segment analysis
  • Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
  • Chart on Turkey - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Turkey - Market size and forecast 2023-2028 ($ billion)
  • Chart on Turkey: Year-over-year growth 2023-2028 (%)
  • Data Table on Turkey: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Construction Market in Turkey 2018 - 2022
  • Historic Market Size - Data Table on Construction Market in Turkey 2018 - 2022 ($ billion)
4.2 Sector segment analysis 2018 - 2022
  • Historic Market Size - Sector Segment 2018 - 2022 ($ billion)
4.3 End-user segment analysis 2018 - 2022
  • Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
  • Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
  • Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Sector
6.1 Market segments
  • Chart on Sector - Market share 2023-2028 (%)
  • Data Table on Sector - Market share 2023-2028 (%)
6.2 Comparison by Sector
  • Chart on Comparison by Sector
  • Data Table on Comparison by Sector
6.3 Private - Market size and forecast 2023-2028
  • Chart on Private - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Private - Market size and forecast 2023-2028 ($ billion)
  • Chart on Private - Year-over-year growth 2023-2028 (%)
  • Data Table on Private - Year-over-year growth 2023-2028 (%)
6.4 Public - Market size and forecast 2023-2028
  • Chart on Public - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Public - Market size and forecast 2023-2028 ($ billion)
  • Chart on Public - Year-over-year growth 2023-2028 (%)
  • Data Table on Public - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Sector
  • Market opportunity by Sector ($ billion)
  • Data Table on Market opportunity by Sector ($ billion)
7 Market Segmentation by End-user
7.1 Market segments
  • Chart on End-user - Market share 2023-2028 (%)
  • Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
  • Chart on Comparison by End-user
  • Data Table on Comparison by End-user
7.3 Residential - Market size and forecast 2023-2028
  • Chart on Residential - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
  • Chart on Residential - Year-over-year growth 2023-2028 (%)
  • Data Table on Residential - Year-over-year growth 2023-2028 (%)
7.4 Infrastructure - Market size and forecast 2023-2028
  • Chart on Infrastructure - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Infrastructure - Market size and forecast 2023-2028 ($ billion)
  • Chart on Infrastructure - Year-over-year growth 2023-2028 (%)
  • Data Table on Infrastructure - Year-over-year growth 2023-2028 (%)
7.5 Commercial - Market size and forecast 2023-2028
  • Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
  • Chart on Commercial - Year-over-year growth 2023-2028 (%)
  • Data Table on Commercial - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
  • Market opportunity by End-user ($ billion)
  • Data Table on Market opportunity by End-user ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
  • Overview on factors of disruption
10.4 Industry risks
  • Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
  • Companies covered
11.2 Market positioning of companies
  • Matrix on companies position and classification
11.3 ALARKO HOLDING A.S.
  • ALARKO HOLDING A.S. - Overview
  • ALARKO HOLDING A.S. - Product / Service
  • ALARKO HOLDING A.S. - Key offerings
11.4 Aydiner Construction Co. Inc.
  • Aydiner Construction Co. Inc. - Overview
  • Aydiner Construction Co. Inc. - Product / Service
  • Aydiner Construction Co. Inc. - Key offerings
11.5 Beytturk
  • Beytturk - Overview
  • Beytturk - Product / Service
  • Beytturk - Key offerings
11.6 Dere Construction
  • Dere Construction - Overview
  • Dere Construction - Product / Service
  • Dere Construction - Key offerings
11.7 ENKA Insaat ve Sanayi A.S.
  • ENKA Insaat ve Sanayi A.S. - Overview
  • ENKA Insaat ve Sanayi A.S. - Product / Service
  • ENKA Insaat ve Sanayi A.S. - Key offerings
11.8 Feka
  • Feka - Overview
  • Feka - Product / Service
  • Feka - Key offerings
11.9 Limak Holding
  • Limak Holding - Overview
  • Limak Holding - Product / Service
  • Limak Holding - Key offerings
11.10 Nurol Construction and Trading Co. Inc.
  • Nurol Construction and Trading Co. Inc. - Overview
  • Nurol Construction and Trading Co. Inc. - Product / Service
  • Nurol Construction and Trading Co. Inc. - Key offerings
11.11 Renaissance Construction
  • Renaissance Construction - Overview
  • Renaissance Construction - Product / Service
  • Renaissance Construction - Key offerings
11.12 Ronesans Holding
  • Ronesans Holding - Overview
  • Ronesans Holding - Product / Service
  • Ronesans Holding - Key offerings
11.13 SK ecoplant CO. LTD.
  • SK ecoplant CO. LTD. - Overview
  • SK ecoplant CO. LTD. - Product / Service
  • SK ecoplant CO. LTD. - Key offerings
11.14 Taisei Corp.
  • Taisei Corp. - Overview
  • Taisei Corp. - Business segments
  • Taisei Corp. - Key offerings
  • Taisei Corp. - Segment focus
11.15 TAV Tepe Akfen Investment Construction and Operation Co.
  • TAV Tepe Akfen Investment Construction and Operation Co. - Overview
  • TAV Tepe Akfen Investment Construction and Operation Co. - Product / Service
  • TAV Tepe Akfen Investment Construction and Operation Co. - Key offerings
11.16 Tekfen Construction and Installation Co. Inc.
  • Tekfen Construction and Installation Co. Inc. - Overview
  • Tekfen Construction and Installation Co. Inc. - Product / Service
  • Tekfen Construction and Installation Co. Inc. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
12.3 Currency conversion rates for US$
  • Currency conversion rates for US$
12.4 Research methodology
  • Research methodology
12.5 Data procurement
  • Information sources
12.6 Data validation
  • Data validation
12.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
12.8 Data synthesis
  • Data synthesis
12.9 360 degree market analysis
  • 360 degree market analysis
12.10 List of abbreviations
  • List of abbreviations
List of 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 Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Turkey - Market size and forecast 2023-2028 ($ billion)
Exhibits 14: Data Table on Turkey - Market size and forecast 2023-2028 ($ billion)
Exhibits 15: Chart on Turkey: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on Turkey: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Construction Market in Turkey 2018 - 2022 ($ billion)
Exhibits 18: Historic Market Size - Sector Segment 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Sector - Market share 2023-2028 (%)
Exhibits 28: Data Table on Sector - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Sector
Exhibits 30: Data Table on Comparison by Sector
Exhibits 31: Chart on Private - Market size and forecast 2023-2028 ($ billion)
Exhibits 32: Data Table on Private - Market size and forecast 2023-2028 ($ billion)
Exhibits 33: Chart on Private - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Private - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Public - Market size and forecast 2023-2028 ($ billion)
Exhibits 36: Data Table on Public - Market size and forecast 2023-2028 ($ billion)
Exhibits 37: Chart on Public - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Public - Year-over-year growth 2023-2028 (%)
Exhibits 39: Market opportunity by Sector ($ billion)
Exhibits 40: Data Table on Market opportunity by Sector ($ billion)
Exhibits 41: Chart on End-user - Market share 2023-2028 (%)
Exhibits 42: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 43: Chart on Comparison by End-user
Exhibits 44: Data Table on Comparison by End-user
Exhibits 45: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits 46: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits 47: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 48: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 49: Chart on Infrastructure - Market size and forecast 2023-2028 ($ billion)
Exhibits 50: Data Table on Infrastructure - Market size and forecast 2023-2028 ($ billion)
Exhibits 51: Chart on Infrastructure - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Infrastructure - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibits 54: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibits 55: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits 57: Market opportunity by End-user ($ billion)
Exhibits 58: Data Table on Market opportunity by End-user ($ billion)
Exhibits 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 60: Impact of drivers and challenges in 2023 and 2028
Exhibits 61: Overview on criticality of inputs and factors of differentiation
Exhibits 62: Overview on factors of disruption
Exhibits 63: Impact of key risks on business
Exhibits 64: Companies covered
Exhibits 65: Matrix on companies position and classification
Exhibits 66: ALARKO HOLDING A.S. - Overview
Exhibits 67: ALARKO HOLDING A.S. - Product / Service
Exhibits 68: ALARKO HOLDING A.S. - Key offerings
Exhibits 69: Aydiner Construction Co. Inc. - Overview
Exhibits 70: Aydiner Construction Co. Inc. - Product / Service
Exhibits 71: Aydiner Construction Co. Inc. - Key offerings
Exhibits 72: Beytturk - Overview
Exhibits 73: Beytturk - Product / Service
Exhibits 74: Beytturk - Key offerings
Exhibits 75: Dere Construction - Overview
Exhibits 76: Dere Construction - Product / Service
Exhibits 77: Dere Construction - Key offerings
Exhibits 78: ENKA Insaat ve Sanayi A.S. - Overview
Exhibits 79: ENKA Insaat ve Sanayi A.S. - Product / Service
Exhibits 80: ENKA Insaat ve Sanayi A.S. - Key offerings
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: Information sources
Exhibits 114: Data validation
Exhibits 115: Validation techniques employed for market sizing
Exhibits 116: Data synthesis
Exhibits 117: 360 degree market analysis
Exhibits 118: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the construction market in Turkey: ALARKO HOLDING A.S., Aydiner Construction Co. Inc., Beytturk, Dere Construction, ENKA Insaat ve Sanayi A.S., 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 A.S.
  • Aydiner Construction Co. Inc.
  • Beytturk
  • Dere Construction
  • ENKA Insaat ve Sanayi A.S.
  • 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.