MULTI-CLIENT STUDY: TURKEY (June 2015)
This report on the construction equipment industry in Turkey is one of a series on the subject produced by Off-Highway Research. The market has expanded rapidly during the last 10 years, underpinned by robust economic growth and wide scale government investment in infrastructure construction. The last study by Off-Highway Research on Turkey was published in 2012, at which point the market had soared to then record levels having recovered from the impact of the global economic crisis. Since then, demand for new machinery has risen strongly once again, establishing a new record volume of sales in 2013, and witnessing four consecutive years of sales in excess of 10,000 units.
The aim of this report is to present a concise overview of the development of the various construction equipment sectors in Turkey since 2010, assessing the major changes which have taken place, and those which are likely to occur by the year 2019.
Apart from basic foreign trade statistics and data on the output and domestic sales of agricultural tractors, there is no other published analytical information on the subject. The official government figures are too general or simply not done, and so are of little value in analysing the subject.
The industry is represented by the trade association, IMDER, founded in 2002, whose members constitute some 93 per cent of companies in the sector and include all the major machinery distributors and manufacturers. IMDER also organises a confidential exchange of market data.
The findings in this report are based on an in-depth field research programme conducted in Turkey in March and April 2015. This covered all manufacturers of any significance, the major importers of construction equipment, government departments, trade associations and the trade press.
The report follows the normal format of an Off-Highway Research Multi-Client Study, which has been developed with an emphasis on clarity. The coverage of the report is organised as follows:
The first section includes important topics of a general background nature, such as political and economic history, economic activity and the present situation and prospects for the construction, mining and forestry industries. The conclusions of these topics apply to all the product areas and are not, therefore, repeated in each analysis.
The second section covers 14 machinery sectors. For each category the following information is given:
The final section gives comprehensive profiles of the leading manufacturers and importers of construction equipment, with details under the following headings: