The market is dominated by foreign suppliers, as imports account for 55.3% of total market size in 2023. Investments drive market demand, with investments representing 74.8% of total demand in 2023. Turkey has the ninth largest market size for lifting and handling equipment regionally, with demand reaching USD4.3 billion in 2023. Buga Otis a Sansor San ve Tic AS is the largest company in Turkey, generating 4.8% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 7.0% of total production value in 2023. The total number of companies increases in 2023, to 7,934 units. The costs of the industry increase by 22.5% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 28.2% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 31.7% of total production output. With production value of USD2.6 billion, Turkey accounts for 2.6% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Lifting and Handling Equipment in Turkey: ISIC 2915. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Lifting and Handling Equipment in Turkey: ISIC 2915 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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