Market Research Report
Construction in Turkey - Key Trends and Opportunities to 2022
|Published by||Timetric||Product code||240899|
|Published||Content info||39 Pages
|Construction in Turkey - Key Trends and Opportunities to 2022|
|Published: January 31, 2018||Content info: 39 Pages||
The construction industry in Turkey grew at a compound annual growth rate (CAGR) of 5.83% in real terms during the review period (2013-2017). This was driven by government investments in transport, residential and energy infrastructure. Additionally, investments under the Tenth Development Plan (2014-2018) supported this growth.
The industry is expected to continue to grow over the forecast period (2018-2022), supported by the government's focus on developing transport, residential and energy infrastructure. The focus on the development of renewable energy infrastructure is also expected to drive industry growth. The government aims to increase the share of renewable sources in the country's total energy mix from 10% in 2016 to 30% by 2023. Additionally, in July 2017, the government revealed the 11th Five-Year Development Plan for 2019-2023, under which it aims to increase the country's manufacturing capacity and exports.
The industry's output value in real terms is expected to rise at a CAGR of 5.45% over the forecast period, according to Timetric's Construction Intelligence Center (CIC).
Timetric's Construction in Turkey - Key Trends and Opportunities to 2022 report provides detailed market analysis, information and insights into the Turkish construction industry, including:
This report provides a comprehensive analysis of the construction industry in Turkey. It provides: