The market is dominated by domestic suppliers, as imports account for 32.5% of total market size in 2021. Investments drive market demand, with investments representing 52.7% of total demand in 2021. Turkey has the third largest market size for industrial and laboratory furnaces regionally, with demand reaching USD675 million in 2021. Sistem Teknik Endustriyel Firinlar Ltd Sti is the largest company in Turkey, generating 3.7% of the industry’s total production value in 2021. The industry is fragmented, with the top four companies generating 5.5% of total production value in 2021. The total number of companies decreases in 2021, to 510 units. The costs of the industry decrease by 5.9% in 2021, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 19.3% of production value in 2021, the third highest regionally. With production value of USD517 million, Turkey accounts for 5.8% of the Western Europe total in 2021.
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This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in Turkey: ISIC 2914. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial and Laboratory Furnaces in Turkey: ISIC 2914 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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