B2B drives market demand, with B2B spending representing 59.1% of total demand in 2023. Turkey has the fifth largest market size for coating of metals and mechanical engineering regionally, with demand reaching USD10.6 billion in 2023. Mitas Galvaniz San ve Tic AS is the largest company in Turkey, generating 0.7% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 1.5% of total production value in 2023. The total number of companies increases in 2023, to 37,068 units. The costs of the industry increase by 27.2% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 32.2% of production value in 2023, the highest regionally. With production value of USD9.6 billion, Turkey accounts for 5.2% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Coating of Metals and Mechanical Engineering in Turkey: ISIC 2892. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Coating of Metals and Mechanical Engineering in Turkey: ISIC 2892 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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