The market is dominated by domestic suppliers, as imports account for 15.8% of total market size in 2023. Investments drive market demand, with investments representing 68.9% of total demand in 2023. Turkey has the fourth largest market size for agricultural and forestry machinery regionally, with demand reaching USD5.0 billion in 2023. Turk Traktor ve Ziraat Makineleri AS is the largest company in Turkey, generating 12.4% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 15.8% of total production value in 2023. The total number of companies increases in 2023, to 6,878 units. The costs of the industry increase by 22.9% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 16.2% of production value in 2023, the third highest regionally. The industry’s exports share decreases in 2023 to 22.7% of total production output. With production value of USD4.8 billion, Turkey accounts for 6.4% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Agricultural and Forestry Machinery in Turkey: ISIC 2921. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agricultural and Forestry Machinery in Turkey: ISIC 2921 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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