{"product_id":"turkey-construction-market-size-trend-analysis-by-sector-competitive-landscape-and-forecast-2023-2027","title":"Turkey Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027","description":"\u003cp\u003eTurkey Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027\u003cbr\u003e\nSummary\u003c\/p\u003e\n\n\u003cp\u003eGlobalData expects construction output in Turkey in 2023 to rise by 3.8% in real terms, supported by public and private sector investment in the construction of energy and residential infrastructure projects, coupled with the government’s reconstruction efforts to rebuild housing and infrastructure that was damaged by the February 2023 earthquake. According to the latest report published by Turkish Statistical Institute (TurkStat), the country's statistical authority, the construction industry’s value add grew by 6.2% year on year (YoY) in Q2 2023, preceded by Y-o-Y growth of 4.5% in Q1 2023 and 3.9% in Q4 2022. Moreover, the total gross fixed capital formation (GFCF) grew by 5.1% YoY in Q2 2023, preceded by Y-o-Y growth of 3.7% in Q1 2023 and 0.6% in Q4 2022.\u003c\/p\u003e\n\n\u003cp\u003eOver the remainder of the forecast period, between 2025 and 2027, GlobalData expects Turkey’s construction industry to register an annual average growth rate of 4.2%, supported by investments in transportation infrastructure, and residential projects. Long-term growth for Turkey's construction industry will rely on crucial investment strategies such as the National Energy Plan, Hydrogen Technologies Strategy and Roadmap, and Transport and Logistics Master Plan. As part of the 30-year Transport and Logistics Master Plan, the government intends to invest TRY4.6 trillion ($197.9 billion) across railroads, highways, maritime, airport, and communication sectors from 2023 to 2053.\u003c\/p\u003e\n\n\u003cp\u003eThe report provides detailed market analysis, information and insights into the Turkish construction industry, including -The Turkish construction industry's growth prospects by market, project type and construction activityCritical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Turkish construction industryAnalysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.Scope\u003c\/p\u003e\n\n\u003cp\u003eThis report provides a comprehensive analysis of the construction industry in Turkey. It provides -Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Turkey, featuring details of key growth drivers.Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sectorAnalysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.Listings of major projects, in addition to details of leading contractors and consultantsReasons to BuyIdentify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.Assess market growth potential at a micro-level with over 600 time-series data forecasts.Understand the latest industry and market trends.Formulate and validate strategy using GlobalData's critical and actionable insight.Assess business risks, including cost, regulatory and competitive pressures.Evaluate competitive risk and success factors.\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"September, 2023 \/ 50 Pages \/ MCW16214223","offer_id":47616305070386,"sku":null,"price":1794.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/turkey-construction-market-size-trend-analysis-by-sector-competitive-landscape-and-forecast-2023-2027","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}