The market is dominated by foreign suppliers, as imports account for 65.7% of total market size in 2023. Investments drive market demand, with investments representing 65.6% of total demand in 2023. Turkey has the sixth largest market size for appliances for measuring, navigating and testing regionally, with demand reaching USD6.6 billion in 2023. Aselsan Elektronik San ve Tic AS is the largest company in Turkey, generating 8.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 14.2% of total production value in 2023. The total number of companies increases in 2023, to 5,345 units. The costs of the industry increase by 6.2% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 33.2% of production value in 2023, the sixth highest regionally. The industry’s exports share decreases in 2023 to 21.9% of total production output. With production value of USD3.3 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 Appliances for Measuring, Navigating and Testing in Turkey: ISIC 3312. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Appliances for Measuring, Navigating and Testing in Turkey: ISIC 3312 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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