The market is dominated by domestic suppliers, as imports account for 17.9% of total market size in 2024. Investments drive market demand, with investments representing 61.0% of total demand in 2024. Turkey has the fourth largest market size for agricultural and forestry machinery regionally, with demand reaching USD5.8 billion in 2024. Turk Traktor ve Ziraat Makineleri AS is the largest company in Turkey, generating 10.1% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 13.0% of total production value in 2024. The total number of companies increases in 2024, to 9,317 units. The costs of the industry increase by 2.8% in 2024, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 12.5% of production value in 2024, the third highest regionally. The industry’s exports share increases in 2024 to 21.6% of total production output. With production value of USD5.4 billion, Turkey accounts for 7.4% of the Western Europe total in 2024.
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This Euromonitor industrial report provides unique information on Agricultural and Forestry Machinery in Turkey: ISIC 2921. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agricultural and Forestry Machinery in Turkey: ISIC 2921 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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