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Construction in Turkey - Key Trends and Opportunities to 2017

  • Published:
  • 83 Pages
  • Timetric

This report provides detailed market analysis, information and insights into the Turkish construction market, including:

  • The Turkish construction market's growth prospects by sector, project type and type of construction activity
  • Analysis of equipment, material and service costs across each project type within Turkey
  • Critical insight into the impact of industry trends and issues and the risks and opportunities they present to participants in the Turkish construction market
  • Assessment of the competitive forces facing the construction industry in Turkey and profiles of the leading players
  • Data highlights of the largest construction projects in Turkey

Summary

Despite the Eurozone crisis, the Turkish construction industry has outperformed neighboring countries. The industry recorded a CAGR of 10.17% during the review period. This growth was driven by the government's continued encouragement of foreign direct investment (FDI) and public-private partnerships (PPPs) in the country. The outlook for the Turkish construction industry is favorable as a result of the government's focus on developing physical and social infrastructure in the country. The industry is expected to record a CAGR of 9.33% over the forecast period.

Scope

This report provides a comprehensive analysis of the construction industry in Turkey:

  • Historical (2008-2012) and forecast (2013-2017) valuations of the construction market in Turkey using the construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
  • Analysis of key construction industry issues, including regulation, cost management, funding and pricing
  • Assessment of the competitive environment using Porter's Five Forces
  • Detailed profiles of the leading construction companies in Turkey

Reasons To Buy

  • Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
  • Assess market growth potential at a micro-level via 600+ time series data forecasts
  • Understand the latest industry and market trends
  • Formulate and validate business strategies by leveraging our critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

1 Executive Summary

2 Market Overview

  • 2.1 The Domestic Economy
  • 2.2 Key Trends and Issues
  • 2.3 Key Construction Indicators
  • 2.4 Benchmarking by Market Size and Growth
  • 2.5 Price Dynamics
    • 2.5.1 Salaries
    • 2.5.2 Equipment
    • 2.5.3 Materials
    • 2.5.4 Energy
  • 2.6 Porter's Five Forces Analysis
    • 2.6.1 Bargaining power of suppliers - low to medium
    • 2.6.2 Bargaining power of buyers - low
    • 2.6.3 Barriers to entry - low to medium
    • 2.6.4 Intensity of rivalry - medium to high
    • 2.6.5 Threat of substitution - medium
  • 2.7 Demographic Profile

3 Commercial Construction

  • 3.1 Performance Outlook
  • 3.2 Key Trends and Issues
  • 3.3 Data and Project Highlights

4 Industrial Construction

  • 4.1 Performance Outlook
  • 4.2 Key Trends and Issues
  • 4.3 Data and Project Highlights

5 Infrastructure Construction

  • 5.1 Performance Outlook
  • 5.2 Key Trends and Issues
  • 5.3 Data and Project Highlights

6 Institutional Construction

  • 6.1 Performance Outlook
  • 6.2 Key Trends and Issues
  • 6.3 Data and Project Highlights

7 Residential Construction

  • 7.1 Performance Outlook
  • 7.2 Key Trends and Issues
  • 7.3 Data and Project Highlights

8 Company Profile: Enka Insaat ve Sanayi AS

  • 8.1 Enka Insaat ve Sanayi AS - Company Overview
  • 8.2 Enka Insaat ve Sanayi AS - Business Description
  • 8.3 Enka Insaat ve Sanayi AS - Main Products and Services
  • 8.4 Enka Insaat ve Sanayi AS - History
  • 8.5 Enka Insaat ve Sanayi AS - Company Information
    • 8.5.1 Enka Insaat ve Sanayi AS - key competitors
    • 8.5.2 Enka Insaat ve Sanayi AS - key employees

9 Company Profile: Tekfen Holding AS

  • 9.1 Tekfen Holding AS - Company Overview
  • 9.2 Tekfen Holding AS - Business Description
  • 9.3 Tekfen Holding AS - Main Products and Services
  • 9.4 Tekfen Holding AS - History
  • 9.5 Tekfen Holding AS - Company Information
    • 9.5.1 Tekfen Holding AS - key competitors
    • 9.5.2 Tekfen Holding AS - key employees

10 Company Profile: Alarko Holding AS

  • 10.1 Alarko Holding AS - Company Overview
  • 10.2 Alarko Holding AS - Business Description
  • 10.3 Alarko Holding AS - Main Products and Services
  • 10.4 Alarko Holding AS - History
  • 10.5 Alarko Holding AS - Company Information
    • 10.5.1 Alarko Holding AS - key competitors
    • 10.5.2 Alarko Holding AS - key employees

11 Company Profile: GAMA Holding Inc.

  • 11.1 Gama Holding Inc. - Company Overview
  • 11.2 Gama Holding Inc. - Business Description
  • 11.3 Gama Holding Inc. - Main Services
  • 11.4 Gama Holding Inc. - History
  • 11.5 Gama Holding Inc. - Company Information
    • 11.5.1 Gama Holding Inc. - key competitors
    • 11.5.2 Gama Holding Inc. - key employees

12 Company Profile: Nurol Holding Inc.

  • 12.1 Nurol Holding Inc. - Company Overview
  • 12.2 Nurol Holding Inc. - Business Description
  • 12.3 Nurol Holding Inc. - Main Products and Services
  • 12.4 Nurol Holding Inc. - History
  • 12.5 Nurol Holding Inc. - Company Information
    • 12.5.1 Nurol Holding Inc. - key competitors
    • 12.5.2 Nurol Holding Inc. - key employees

13 Market Data Analysis

  • 13.1 Construction Output and Value Add
    • 13.1.1 Construction output by project type
    • 13.1.2 Construction output by cost type
    • 13.1.3 Construction output by activity type
    • 13.1.4 Construction value add by project type
  • 13.2 Commercial Construction
    • 13.2.1 Commercial construction output by project type
    • 13.2.2 Commercial construction output by cost type
    • 13.2.3 Commercial construction output by activity type
    • 13.2.4 Commercial construction value add by project type
  • 13.3 Industrial Construction
    • 13.3.1 Industrial construction output by project type
    • 13.3.2 Industrial construction output by cost type
    • 13.3.3 Industrial construction output by activity type
    • 13.3.4 Industrial construction value add by project type
  • 13.4 Infrastructure Construction
    • 13.4.1 Infrastructure construction output by project type
    • 13.4.2 Infrastructure construction output by cost type
    • 13.4.3 Infrastructure construction output by activity type
    • 13.4.4 Infrastructure construction value add by project type
  • 13.5 Institutional Construction
    • 13.5.1 Institutional construction output by project type
    • 13.5.2 Institutional construction output by cost type
    • 13.5.3 Institutional construction output by activity type
    • 13.5.4 Institutional construction value add by project type
  • 13.6 Residential Construction
    • 13.6.1 Residential construction output by project type
    • 13.6.2 Residential construction output by cost type
    • 13.6.3 Residential construction output by activity type
    • 13.6.4 Residential construction value add by project type

14 Appendix

  • 14.1 What is This Report About?
  • 14.2 Definitions
  • 14.3 Summary Methodology
  • 14.4 Methodology
  • 14.5 Contact Timetric
  • 14.6 About Timetric
  • 14.7 Timetric's Services
  • 14.8 Disclaimer

List of Tables

  • Table 1: Benchmarking with Other Major Construction Industries
  • Table 2: Project 1 -TAO Gayrimenkul - Tahincioglu Office Tower - Istanbul
  • Table 3: Project 2 - ICIH - Hilton Istanbul Bomonti Hotel and Conference Center - Turkey
  • Table 4: Project 3 - TRE - Palladium Office Tower - Istanbul
  • Table 5: Project 1 - KSE/CTEC - Kazan Soda Ash Production Complex - Ankara Province
  • Table 6: Project 2 - APC/Bayegan - Polypropylene Production Plant - Turkey
  • Table 7: Project 3 - VW - Light Commercial Vehicle Manufacturing Plant - Turkey
  • Table 8: Project 1 - UBAK/MoTA/MTCKg/MoTCK/MoTC - TAKKK Railway Corridor Development - Turkey
  • Table 9: Project 2 - TCDD/MoT China - Edirne-Kars High-Speed Rail Line - Turkey
  • Table 10: Project 3 - GDH - Gebze-Orhangazi-Izmir Motorway - Turkey
  • Table 11: Project 1 - BCDco/TOKI - Istanbul Biomedical Science Park - Turkey
  • Table 12: Project 2 - MoH - Ankara Bilkent Integrated Health Campus - Turkey
  • Table 13: Project 3 - MoH - Ankara Etlik Hospital Complex - Turkey
  • Table 14: Project 1 - BPP - Belek Olivion Golf Resort Development - Antalya
  • Table 15: Project 2 - SH - Gaziantep Apartments Complex - Turkey
  • Table 16: Project 3 - TasyapI - Tasyapi Seyrantepe Tower - Istanbul
  • Table 17: Enka Insaat ve Sanayi AS, Key Facts
  • Table 18: Enka Insaat ve Sanayi AS, Main Products and Services
  • Table 19: Enka Insaat ve Sanayi AS, History
  • Table 20: Enka Insaat ve Sanayi AS, Key Employees
  • Table 21: Tekfen Holding AS, Key Facts
  • Table 22: Tekfen Holding AS, Main Products and Services
  • Table 23: Tekfen Holding AS, History
  • Table 24: Tekfen Holding AS, Key Employees
  • Table 25: Alarko Holding AS, Key Facts
  • Table 26: Alarko Holding AS, Main Products and Services
  • Table 27: Alarko Holding AS, History
  • Table 28: Alarko Holding AS, Key Employees
  • Table 29: Gama Holding Inc., Key Facts
  • Table 30: Gama Holding Inc., Main Services
  • Table 31: Gama Holding Inc. - History

Table 32 Gama Holding Inc., Key Employees

  • Table 33: Nurol Holding Inc., Key Facts
  • Table 34: Nurol Holding Inc., Main Products and Services
  • Table 35: NurolHolding Inc. - History
  • Table 36: Nurol Holding Inc. Key Employees
  • Table 37: Turkish Construction Output by Project Type (TRY Million), 2008-2012
  • Table 38: Turkish Construction Output by Project Type (TRY Million), 2012-2017
  • Table 39: Turkish Construction Output by Cost Type (TRY Million), 2008-2012
  • Table 40: Turkish Construction Output by Cost Type (TRY Million), 2012-2017
  • Table 41: Turkish Construction Output by Activity Type (TRY Million), 2008-2012
  • Table 42: Turkish Construction Output by Activity Type (TRY Million), 2012-2017
  • Table 43: Turkish Construction Value Add by Project Type (TRY Million), 2008-2012
  • Table 44: Turkish Construction Value Add by Project Type (TRY Million), 2012-2017
  • Table 45: Turkish Commercial Construction Output by Project Type (TRY Million), 2008-2012
  • Table 46: Turkish Commercial Construction Output by Project Type (TRY Million), 2012-2017
  • Table 47: Turkish Commercial Construction Output by Cost Type (TRY Million), 2008-2012
  • Table 48: Turkish Commercial Construction Output by Cost Type (TRY Million), 2012-2017
  • Table 49: Turkish Commercial Construction Output by Activity Type (TRY Million), 2008-2012
  • Table 50: Turkish Commercial Construction Output by Activity Type (TRY Million), 2012-2017
  • Table 51: Turkish Commercial Construction Value Add by Project Type (TRY Million), 2008-2012
  • Table 52: Turkish Commercial Construction Value Add by Project Type (TRY Million), 2012-2017
  • Table 53: Turkish Industrial Construction Output by Project Type (TRY Million), 2008-2012
  • Table 54: Turkish Industrial Construction Output by Project Type (TRY Million), 2012-2017
  • Table 55: Turkish Industrial Construction Output by Cost Type (TRY Million), 2008-2012
  • Table 56: Turkish Industrial Construction Output by Cost Type (TRY Million), 2012-2017
  • Table 57: Turkish Industrial Construction Output by Activity Type (TRY Million), 2008-2012
  • Table 58: Turkish Industrial Construction Output by Activity Type (TRY Million), 2012-2017
  • Table 59: Turkish Industrial Construction Value Add by Project Type (TRY Million), 2008-2012
  • Table 60: Turkish Industrial Construction Value Add by Project Type (TRY Million), 2012-2017
  • Table 61: Turkish Infrastructure Construction Output by Project Type (TRY Million), 2008-2012
  • Table 62: Turkish Infrastructure Construction Output by Project Type (TRY Million), 2012-2017
  • Table 63: Turkish Infrastructure Construction Output by Cost Type (TRY Million), 2008-2012
  • Table 64: Turkish Infrastructure Construction Output by Cost Type (TRY Million), 2012-2017
  • Table 65: Turkish Infrastructure Construction Output by Activity Type (TRY Million), 2008-2012
  • Table 66: Turkish Infrastructure Construction Output by Activity Type (TRY Million), 2012-2017
  • Table 67: Turkish Infrastructure Construction Value Add by Project Type (TRY Million), 2008-2012
  • Table 68: Turkish Infrastructure Construction Value Add by Project Type (TRY Million), 2012-2017
  • Table 69: Turkish Institutional Construction Output by Project Type (TRY Million), 2008-2012
  • Table 70: Turkish Institutional Construction Output by Project Type (TRY Million), 2012-2017
  • Table 71: Turkish Institutional Construction Output by Cost Type (TRY Million), 2008-2012
  • Table 72: Turkish Institutional Construction Output by Cost Type (TRY Million), 2012-2017
  • Table 73: Turkish Institutional Construction Output by Activity Type (TRY Million), 2008-2012
  • Table 74: Turkish Institutional Construction Output by Activity Type (TRY Million), 2012-2017
  • Table 75: Turkish Institutional Construction Value Add by Project Type (TRY Million), 2008-2012
  • Table 76: Turkish Institutional Construction Value Add by Project Type (TRY Million), 2012-2017
  • Table 77: Turkish Residential Construction Output by Project Type (TRY Million), 2008-2012
  • Table 78: Turkish Residential Construction Output by Project Type (TRY Million), 2012-2017
  • Table 79: Turkish Residential Construction Output by Cost Type (TRY Million), 2008-2012
  • Table 80: Turkish Residential Construction Output by Cost Type (TRY Million), 2012-2017
  • Table 81: Turkish Residential Construction Output by Activity Type (TRY Million), 2008-2012
  • Table 82: Turkish Residential Construction Output by Activity Type (TRY Million), 2012-2017
  • Table 83: Turkish Residential Construction Value Add by Project Type (TRY Million), 2008-2012
  • Table 84: Turkish Residential Construction Value Add by Project Type (TRY Million), 2012-2017
  • Table 85: Timetric Construction Market Definitions

List of Figures

  • Figure 1: Growth Matrix for Construction Output in Turkey
  • Figure 2: Turkish Economic Outlook, 2006-2017
  • Figure 3: Construction Production Index, 2008-2013
  • Figure 4: New Residential Buildings Price Index, 2008-2013
  • Figure 5: Turkish Mortgage Loans (Outstanding Stock), 2008-2013
  • Figure 6: Benchmarking with Other Major Construction Industries
  • Figure 7: Turkish Population, 2003-2020
  • Figure 8: Turkish Commercial Construction Output (US$ Million), 2008-2017
  • Figure 9: Turkish Industrial Construction Output (US$ Million), 2008-2017
  • Figure 10: Turkish Infrastructure Construction Output (US$ Million), 2008-2017
  • Figure 11: Turkish Institutional Construction Output (US$ Million), 2008-2017
  • Figure 12: Turkish Residential Construction Output (US$ Million), 2008-2017
  • Figure 13: Turkish Construction Output by Project Type (TRY Million), 2008-2017
  • Figure 14: Turkish Construction Output by Cost Type (TRY Million), 2008-2017
  • Figure 15: Turkish Construction Output by Activity Type (TRY Million), 2008-2017
  • Figure 16: Turkish Construction Value Add by Project Type (TRY Million), 2008-2017
  • Figure 17: Turkish Commercial Construction Output by Project Type (TRY Million), 2008-2017
  • Figure 18: Turkish Commercial Construction Output by Cost Type (TRY Million), 2008-2017
  • Figure 19: Turkish Commercial Construction Output by Activity Type (TRY Million), 2008-2017
  • Figure 20: Turkish Commercial Construction Value Add by Project Type (TRY Million), 2008-2017
  • Figure 21: Turkish Industrial Construction Output by Project Type (TRY Million), 2008-2017
  • Figure 22: Turkish Industrial Construction Output by Cost Type (TRY Million), 2008-2017
  • Figure 23: Turkish Industrial Construction Output by Activity Type (TRY Million), 2008-2017
  • Figure 24: Turkish Industrial Construction Value Add by Project Type (TRY Million), 2008-2017
  • Figure 25: Turkish Infrastructure Construction Output by Project Type (TRY Million), 2008-2017
  • Figure 26: Turkish Infrastructure Construction Output by Cost Type (TRY Million), 2008-2017
  • Figure 27: Turkish Infrastructure Construction Output by Activity Type (TRY Million), 2008-2017
  • Figure 28: Turkish Infrastructure Construction Value Add by Project Type (TRY Million), 2008-2017
  • Figure 29: Turkish Institutional Construction Output by Project Type (TRY Million), 2008-2017
  • Figure 30: Turkish Institutional Construction Output by Cost Type (TRY Million), 2008-2017
  • Figure 31: Turkish Institutional Construction Output by Activity Type (TRY Million), 2008-2017
  • Figure 32: Turkish Institutional Construction Value Add by Project Type (TRY Million), 2008-2017
  • Figure 33: Turkish Residential Construction Output by Project Type (TRY Million), 2008-2017
  • Figure 34: Turkish Residential Construction Output by Cost Type (TRY Million), 2008-2017
  • Figure 35: Turkish Residential Construction Output by Activity Type (TRY Million), 2008-2017
  • Figure 36: Turkish Residential Construction Value Add by Project Type (TRY Million), 2008-2017
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