The market is dominated by domestic suppliers, as imports account for 39.1% of total market size in 2023. Investments drive market demand, with investments representing 60.6% of total demand in 2023. Turkey has the second largest market size for industrial and laboratory furnaces regionally, with demand reaching USD1.3 billion in 2023. Sistem Teknik Endustriyel Firinlar Ltd Sti is the largest company in Turkey, generating 1.5% of the industry’s total production value in 2023. The industry is fragmented, with the top four companies generating 2.2% of total production value in 2023. The total number of companies increases in 2023, to 695 units. The costs of the industry increase by 31.8% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 23.0% of production value in 2023, the third highest regionally. The industry’s exports share decreases in 2023 to 20.6% of total production output. With production value of USD991 million, Turkey accounts for 9.2% of the Western Europe total in 2023.
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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
This is the aggregation of general purpose machinery and special purpose machinery.
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