The market is dominated by domestic suppliers, as imports account for 6.2% of total market size in 2023. Investments drive market demand, with investments representing 61.1% of total demand in 2023. Turkey has the second largest market size for tanks, reservoirs, boilers and radiators regionally, with demand reaching USD5.1 billion in 2023. Baymak Makina San Ve Tic AS is the largest company in Turkey, generating 1.0% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 2.5% of total production value in 2023. The total number of companies increases in 2023, to 2,487 units. The costs of the industry increase by 19.4% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 27.8% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 27.4% of total production output. With production value of USD6.1 billion, Turkey accounts for 19.2% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Tanks, Reservoirs, Boilers and Radiators in Turkey: ISIC 2812. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Tanks, Reservoirs, Boilers and Radiators in Turkey: ISIC 2812 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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