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Report
Turkey Construction Equipment Market - Strategic Assessment & Forecast 2022-2028
Market Report I 2022-04-28 I 110 Pages I Arizton Advisory & Intelligence
The report considers the present scenario of the Spain construction equipment market and market dynamics for 2022?2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Spain construction equipment market.
Turkey construction equipment market is expected to grow at a CAGR of 6.86%.
KEY HIGHLIGHTS
- The construction industry is expected to generate the highest demand in end-users, owing to the "Turkey Eleventh Development Plan 2019-2023" program, which is expected to dominate the construction equipment market over the forecast period.
- The construction equipment market in Turkey is moving to a more innovative industry at a faster rate than other emerging countries throughout the world by switching to intelligent systems driven by IoT and data analysis for service, networking, and sustainability.
- Construction equipment rental companies account for the major market share in Turkey; due to the significant number of SMSEs in Turkey's construction industry, rental companies are expected to have higher demand than non-rental companies.
- In 2021, the Turkish government has invested $325 billion in infrastructure projects that includes transportation infrastructure, which will increase in demand for earthmoving and road construction equipment. The transport infrastructure projects include $80 billion investment in road construction projects, $30 billion investment in high-speed rail networks, $30 billion in ports, and $30 billion in airport infrastructures. These transport infrastructure projects include the Ankara-Istanbul HSL ($3 billion), Ankara-Sivas-Erzincan HSL ($1.2 billion), Istanbul Big Tunnel ($3.5 billion), and Istanbul's 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 seas. The government has initiated several waste management programs to reduce the generation of solid waste and promote recycling initiatives. In 2021, Adana (City in Turkey) integrated solid waste management system is carried out by ITC (Invest Trading & Consulting AG). The project covers rehabilitation of existing dumpsite, construction and operation of sorting plant, anaerobic digesters and installation and operation of 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.
TURKEY CONSTRUCTION EQUIPMENT MARKET SEGMENTATION
- In 2021, the material handling segment was the largest segment in Turkey construction industry, followed by earthmoving and road construction equipment. The 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 due to various government investments in infrastructure development and growth in renewable energy.
Segmentation by Earthmoving Equipment:
- Excavator
- Backhoe Loaders
- Motor Graders
- Other Earthmoving Equipment (Others loaders, Bulldozers, Trenchers)
Segmentation by Road Construction Equipment
- Road Rollers
- Asphalt Pavers
Segmentation by Material Handling Equipment
- Crane
- Forklift & Telescopic Handlers
- Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
Segmentation by End Users
- Construction
- Manufacturing
- Mining
- Others
VENDOR LANDSCAPE
The construction equipment market is consolidated with XCMG emerging as the leader, followed by Komatsu, Caterpillar, Volvo Construction Equipment, Liebherr and SANY. These companies have nearly 59% share of the total Turkey construction equipment market.
Key Vendors
- XCMG
- Caterpillar
- Volvo CE
- Komatsu
- Liebherr
- Hitachi
- JCB
- Sany
- Zoomlion
- Kubota
Other Prominent Vendors
- John Deere
- Hidromex
- Hyundai Doosan Infracore's
- Yanmar
- Kobelco
Distributors
- ENKA Pazarlama Import Export Inc.
- Maats Construction Machinery Ltd. Sti.
- Kale Makina Pazarlama A.S.
- TSM Global
- Temsa ?s Makinalar?
- HASEL
Section 1 Introduction
1.1 Market Snapshot
1.2 Executive Summary
Section 2 Market Overview
- Economic Scenario, Foreign Direct Investment
Section 3 Market Landscape
3.1 Turkey Construction Equipment Market by Type (Volume & Value)
3.1.1 Material Handling Equipment
3.1.1.1 Forklift and Telescopic Handler
3.1.1.2 Cranes
3.1.1.3 Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, Scissor Lifts, etc)
3.1.2 Earthmoving Equipment
3.1.2.1 Excavators
3.1.2.2 Backhoe Loaders
3.1.2.3 Motor Graders
3.1.2.4 Other Earthmoving Equipment (Other Loaders, Bulldozer, Trencher, etc.)
3.1.3 Road Construction Equipment
3.1.3.1 Road Roller
3.1.3.2 Asphalt Paver
3.2 Turkey Construction Equipment Market by End User (Volume & Value)
3.2.1 Construction
3.2.2 Manufacturing
3.2.3 Mining
3.2.4 Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management, etc.)
Section 4 Market Dynamics
- Market Drivers, Restraints, Trends, Advantage Turkey, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, COVID-19 Impact
Section 5 Technological Development
- Advent Of New Technology
Section 6 Competitive Landscape
- Competitive Landscape Overview
- Major Vendors (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 Prominent Vendors
- Distributor Profiles
Section 7 Quantitative Summary
- Quantitative Summary
Section 8 Report Summary
- Key Insights
- Abbreviations
- List of Graphs
- List of Tables
Section 9 Report Scope & Definition
- Research Methodology
- Research Objective
- Market Definition, Inclusion & Exclusion
LIST OF EXHIBITS
Graph-1 Turkey Construction Equipment Market by Volume 2019-2028 (Unit Sales)
Graph-2 Construction Equipment Market in Turkey by Type, 2021 (% Volume Share)
Graph-3 Turkey Construction Equipment Market by Volume, 2019-2028 (Unit Sales)
Graph-4 Turkey Construction Equipment Market by Value, 2019-2028 ($ MN)
Graph-5 Turkey Construction Equipment Market by End-user, 2021 (%)
Graph-6 Turkey Construction Equipment Market by Type, 2019-2028 (Unit Sales)
Graph-7 Turkey GDP, 2015-2020 ($ BN)
Graph-8 GDP of Major Provinces in Turkey, 2019 ($ BN)
Graph-9 Foreign Direct Investment, Net Inflow, 2016-2020 ($ BN)
Graph-10 Turkey Construction Equipment Market by Type, 2019-2028 (Unit Sales)
Graph-11 Turkey Construction Equipment Market by Type 2021 (% Volume Share)
Graph-12 Turkey Construction Equipment Market by End-user, 2019-2028 (Unit Sales)
Graph-13 Turkey Material-handling Equipment Market, 2019-2028 (Unit Sales)
Graph-14 Turkey Material-handling Equipment Market, 2019-2028 ($ MN)
Graph-15 Turkey Forklift and Telescopic Handlers Market, 2019-2028 (Unit Sales)
Graph-16 Turkey Forklift and Telescopic Handlers Market, 2019-2028 ($ MN)
Graph-17 Turkey Crane Market, 2019-2028 (Unit Sales)
Graph-18 Turkey Crane Market, 2019-2028 ($ MN)
Graph-19 Turkey Aerial Platforms Market, 2019-2028 (Unit Sales)
Graph-20 Turkey Aerial Platforms Market, 2019-2028 ($ MN)
Graph-21 Turkey Earthmoving Equipment Market, 2019-2028 (Unit Sales)
Graph-22 Turkey Earthmoving Equipment Market, 2019-2028 ($ MN)
Graph-23 Turkey Excavator Market, 2019-2028 (Unit Sales)
Graph-24 Turkey Excavator Market, 2019-2028 ($ MN)
Graph-25 Turkey Backhoe Loader Market, 2019-2028 (Unit Sales)
Graph-26 Turkey Backhoe Loader Market, 2019-2028 ($ MN)
Graph-27 Turkey Motor Grader Market, 2019-2028 (Unit Sales)
Graph-28 Turkey Motor Grader Market, 2019-2028 ($ MN)
Graph-29 Turkey Others Market, 2019-2028 (Unit Sales)
Graph-30 Turkey Others Market, 2019-2028 ($ MN)
Graph-31 Turkey Road Construction Equipment Market, 2019-2028 (Unit Sales)
Graph-32 Turkey Road Construction Equipment Market, 2019-2028 ($ MN)
Graph-33 Turkey Road Roller Market, 2019-2028 (Unit Sales)
Graph-34 Turkey Road Roller Market, 2019-2028 ($ MN)
Graph-35 Turkey Asphalt Paver Market, 2019-2028 (Unit Sales)
Graph-36 Turkey Asphalt Paver Market, 2019-2028 ($ MN)
Graph-37 Turkey Construction Equipment Market by Construction, 2019-2028 (Unit Sales)
Graph-38 Turkey Construction Equipment Market by Construction, 2019-2028 ($ MN)
Graph-39 Turkey Construction Equipment Market by Manufacturing, 2019-2028 (Unit Sales)
Graph-40 Turkey Construction Equipment Market by Manufacturing, 2019-2028 ($ MN)
Graph-41 Turkey Construction Equipment Market by Mining, 2019-2028 (Unit Sales)
Graph-42 Turkey Construction Equipment Market by Mining, 2019-2028 ($ MN)
Graph-43 Turkey Construction Equipment Market by Others, 2019-2028 (Unit Sales)
Graph-44 Turkey Construction Equipment Market by Others, 2019-2028 ($ MN)
Graph-45 Import Value of Construction Equipment from Major Countries, 2021 ($ MN)
Graph-46 Export Value of Construction Equipment to Major Countries, 2021 ($ MN)
Graph-47 Market Share: Leaders & Other Vendors 2021 (%)
Graph-48 Komatsu: Consolidated Net Sales, 2018-2020 ($ BN)
Graph-49 Komatsu: Construction, Mining and Utility Equipment Business, Sales by Region, 2020
(% Share)
Graph-50 Komatsu: Breakdown of Net Sales by Segment, 2020 (% Share)
Graph-51 Caterpillar: Total Revenue, 2018-2021 ($ BN)
Graph-52 Caterpillar: Sales by Region, 2020 (% Share)
Graph-53 Caterpillar: Total Revenue by Segment, 2020 (% Share)
Graph-54 Volvo: Construction Equipment Net Sales, 2016-2021 ($ BN)
Graph-55 Volvo: Share of Net Sales by Market, 2021 (% Share)
Graph-56 Volvo: Share of Net Sales by Segment, 2021 (% Share)
Graph-57 Liebherr: Total Revenue, 2016-2020 (% Share)
Graph-58 Liebherr: Revenue by Region (% Share)
Graph-59 Liebherr: Total Revenue by Product Segment, 2020 (% Share)
Graph-60 Hitachi: Revenue, 2020-2021 ($ BN)
Graph-61 Zoomlion: Revenue 2017-2020 ($ BN)
Graph-62 Kubota: Revenue, 2016-2020 ($ BN)
Graph-63 Kubota: Revenue by Segment, 2020 (% Share)
Graph-64 Kubota: Revenue by Region, 2020 (% Share)
Graph-65 John Deere: Revenue 2018-2020 ($ MN)
Graph-66 John Deere: Shareholder Value ($ MN)
Graph-67 John Deere: Net Income ($ MN)
LIST OF TABLES
Table-1 Greenfield Investment in Turkey
Table-2 Investments by Sectors in Turkey
Table-3 Investments by Countries in Turkey
Table-4 Turkey Construction Equipment Market by Volume 2019-2028 (Volume, Units)
Table-5 Turkey Construction Equipment by Type 2019-2018 (Volume, Units)
Table-6 Turkey Material-handling Equipment Market Size & Forecast, by Type (Volume, Units)
Table-7 Turkey Earthmoving Equipment Market Size & Forecast, by Type (Volume, Units)
Table-8 Turkey Road Construction Equipment Market Size & Forecast, by Type (Volume, Units)
Table-9 Turkey Construction Equipment Market Size & Forecast, by End-user (Units)
Table-10 Turkey Construction Equipment Market by Value 2019-2028 (Value, $ MN)
Table-11 Turkey Construction Equipment by Type 2019-2018 (Value, $ MN)
Table-12 Turkey Material-handling Equipment Market Size & Forecast, by Type (Value, $ MN)
Table-13 Turkey Earthmoving Equipment Market Size & Forecast, By Type (Value, $ MN)
Table-14 Turkey Road Construction Equipment Market Size & Forecast, by Type (Value, $ MN)
Table-15 Turkey Construction Equipment Market Size & Forecast, by End-user
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