The market is dominated by foreign suppliers, as imports account for 56.8% of total market size in 2024. Investments drive market demand, with investments representing 65.6% of total demand in 2024. Turkey has the ninth largest market size for lifting and handling equipment regionally, with demand reaching USD4.7 billion in 2024. Buga Otis a Sansor San ve Tic AS is the largest company in Turkey, generating 4.9% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 6.8% of total production value in 2024. The total number of companies increases in 2024, to 10,243 units. The costs of the industry decrease by 0.7% in 2024, largely driven by declining labour costs. The industry’s profitability decreases and stands at 21.4% of production value in 2024, the highest regionally. The industry’s exports share decreases in 2024 to 32.3% of total production output. With production value of USD2.6 billion, Turkey accounts for 2.5% of the Western Europe total in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Lifting and Handling Equipment in Turkey: ISIC 2915. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Lifting and Handling Equipment in Turkey: ISIC 2915 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Machinery in Turkey report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
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Lifting and Handling Equipment in Turkey: ISIC 2915
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Machinery
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