The market is dominated by foreign suppliers, as imports account for 51.2% of total market size in 2023. Investments drive market demand, with investments representing 74.5% of total demand in 2023. Turkey has the third largest market size for machinery for construction, mining and quarrying regionally, with demand reaching USD5.0 billion in 2023. Hidromek Hidrolik Ve Mekanik Makina Imalat San ve Tic AS is the largest company in Turkey, generating 3.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 7.3% of total production value in 2023. The total number of companies increases in 2023, to 7,245 units. The costs of the industry increase by 24.9% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 50.8% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 39.9% of total production output. With production value of USD3.5 billion, Turkey accounts for 5.4% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Machinery for Construction, Mining and Quarrying in Turkey: ISIC 2924. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Construction, Mining and Quarrying in Turkey: ISIC 2924 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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