The market is dominated by foreign suppliers, as imports account for 51.4% of total market size in 2024. Investments drive market demand, with investments representing 62.1% of total demand in 2024. Turkey has the fourth largest market size for machinery for construction, mining and quarrying regionally, with demand reaching USD4.7 billion in 2024. Hidromek Hidrolik Ve Mekanik Makina Imalat San ve Tic AS is the largest company in Turkey, generating 2.7% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 6.0% of total production value in 2024. The total number of companies increases in 2024, to 8,563 units. The costs of the industry decrease by 1% in 2024, largely driven by declining labour costs. The industry’s profitability decreases and stands at 39.7% of production value in 2024, the highest regionally. The industry’s exports share increases in 2024 to 40.2% of total production output. With production value of USD3.1 billion, Turkey accounts for 5.0% of the Western Europe total in 2024.
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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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