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Turkey Construction Market Charting Growth Trajectories: Analysis and Forecasts 2025-2033

Turkey Construction Market by Type (Residential Construction, Commercial Construction, Industrial Construction, Infrastructure Construction & Heavy Civil Construction, Institutional Construction, Mixed-Use Construction, Specialized Construction, Renovation/Remodeling Construction, Environmental Construction), by End-Use (Private sector, Public sector), by Contracting Type (General contracting, Design-build contracting, Construction management), by Scale (Mega project, Major project, Medium project, Small project), Forecast 2025-2033

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Turkey Construction Market Charting Growth Trajectories: Analysis and Forecasts 2025-2033

Key Insights

The size of the Turkey Construction Market was valued at USD 50.71 Billion in 2023 and is projected to reach USD 71.35 Billion by 2032, with an expected CAGR of 5% during the forecast period. The Turkey Construction Market is an important industry encompassing residential, commercial, industrial, and infrastructure projects. Fueled by swift urban development, rising population, and growing housing needs, the market is experiencing significant growth. The Turkish government has invested significantly in major infrastructure initiatives, encompassing transportation systems (roads, bridges, railways), airports, and energy ventures, which are additionally driving market expansion. Moreover, there is an increasing demand for eco-friendly construction, as green structures and energy-efficient designs gain importance due to tougher regulations and an enhanced emphasis on environmental sustainability. The commercial building industry, especially in urban areas like Istanbul, keeps flourishing with advancements in office buildings, retail outlets, and hospitality, fueled by tourism and an expanding economy. The construction market in Turkey enjoys a strategic position between Europe and Asia, which makes it a desirable center for global investments. In spite of economic variations, the market is projected to sustain growth due to ongoing government initiatives, the demand for urban development, and the rising use of advanced construction technologies, such as smart building solutions and modular construction.

Turkey Construction Market Research Report - Market Size, Growth & Forecast

Turkey Construction Market Concentration & Characteristics

The construction market in Turkey is highly concentrated, with a few major players dominating the landscape. These players include Alarko Holding, Ant Yapı, Astaldi, and Enka İnşaat ve Sanayi A.Ş. (ENKA). The market is characterized by innovation, with companies adopting advanced technologies and sustainable practices to enhance project efficiency. Regulations and product substitutes have a moderate impact on the market, while end-user concentration is relatively low.

Turkey Construction Market Trends

  • Rising Residential Construction: Residential property sales have witnessed a significant surge in recent years, driven by government incentives and increased demand for affordable housing.
  • Infrastructure Development: The government's focus on infrastructure projects, such as new highways, airports, and hospitals, is expected to boost the construction sector.
  • Sustainability and Green Construction: There is a growing demand for sustainable construction practices, with companies incorporating eco-friendly materials and energy-efficient technologies into their projects.
  • Technological Advancements: The adoption of advanced technologies, such as building information modeling (BIM) and drones, is improving project efficiency and reducing costs.

Turkey Construction Market Growth

Key Region or Country & Segment to Dominate the Market

  • Region: Istanbul and Ankara are the key regions driving the construction market in Turkey, due to their large populations and strong economic growth.
  • Segment: Residential construction is the dominant segment, followed by infrastructure construction and commercial construction. Government incentives and increasing demand for affordable housing are major factors driving the growth of residential construction.

Turkey Construction Market Product Insights Report Coverage & Deliverables

The construction market report covers comprehensive insights into the market size, growth rate, and market share of various segments. It provides detailed analysis of key market trends, emerging technologies, and regulatory factors. The report includes market projections and forecasts for the next five years, as well as profiles of key industry players.

Turkey Construction Market Analysis

  • Market Size: The Turkish construction market is valued at 50.71 billion in 2023 and is projected to reach 63.47 billion by 2028, exhibiting a CAGR of 5%.
  • Market Share: Residential construction accounts for the largest market share of 40%, followed by infrastructure construction with 25%.
  • Growth: The market is driven by factors such as rising population, growing urbanization, and government infrastructure projects.

Turkey Construction Market Regional Insights

  • Istanbul: Istanbul is the largest construction market in Turkey, with a share of over 20%. The region is experiencing high demand for residential and commercial projects.
  • Ankara: Ankara, the capital city, is also a major construction market, with a focus on infrastructure and healthcare projects.
  • Other Regions: Other regions, such as Izmir, Bursa, and Antalya, are expected to contribute to the growth of the construction market in the coming years.

Driving Forces: What's Propelling the Turkey Construction Market

  • Economic Growth: Turkey's robust economic growth is fueling the construction sector.
  • Government Initiatives: Government incentives and infrastructure projects are driving demand.
  • Population Growth: The growing population is increasing demand for housing and infrastructure.
  • Increased Urbanization: Urbanization is leading to higher demand for construction services.

Challenges and Restraints in Turkey Construction Market

  • Labor Shortages: The sector faces challenges in finding skilled labor.
  • Material Costs: Fluctuating material costs can impact project profitability.
  • Regulatory Uncertainties: Changes in regulations can affect project approvals.
  • Political Instability: Political instability in the region can impact construction projects.

Emerging Trends in Turkey Construction Market

  • Prefabrication: Prefabricated buildings are becoming increasingly popular due to their cost-effectiveness and faster construction times.
  • Smart Buildings: The adoption of smart technologies in buildings is enhancing energy efficiency and convenience.
  • BIM Adoption: Building information modeling is gaining traction, improving project efficiency.
  • Green Construction: Sustainable construction practices are becoming more prevalent.
  • International Collaboration: Turkish construction companies are increasingly collaborating with international firms on major projects.

Turkey Construction Industry News

  • In 2021, residential property sales in Turkey increased by 15% year on year, reaching 137,401 units sold.
  • The Turkish government plans to invest heavily in infrastructure projects, including highways, bridges, and hospitals.
  • Turkish construction companies are expanding internationally, with major projects in the Middle East and Africa.

Leading Players in the Turkey Construction Market

  • Alarko Holding
  • Ant Yapı
  • Astaldi
  • Doğuş Construction Group
  • Enka İnşaat ve Sanayi A.Ş. (ENKA)
  • Gülsan Holding
  • IC İçtaş Construction
  • Limak Group
  • Nurol Construction and Trading Co. Inc.
  • Rönesans Holding
  • SK ecoplant
  • Taisei Corporation
  • TAV Construction
  • Tekfen Construction and Installation Co., Inc.
  • Yapı Merkezi

Turkey Construction Market Segmentation

  • 1. Type
    • 1.1. Residential Construction
    • 1.2. Commercial Construction
      • 1.2.1. Sports Facilities Construction
      • 1.2.2. Hospitality Facilities Construction
      • 1.2.3. Retail Facilities Construction
      • 1.2.4. Office Buildings Construction
    • 1.3. Industrial Construction
    • 1.4. Infrastructure Construction & Heavy Civil Construction
    • 1.5. Institutional Construction
      • 1.5.1. Healthcare Facilities Construction
      • 1.5.2. Educational Facilities Construction
    • 1.6. Mixed-Use Construction
    • 1.7. Specialized Construction
    • 1.8. Renovation/Remodeling Construction
    • 1.9. Environmental Construction
  • 2. End-Use
    • 2.1. Private sector
    • 2.2. Public sector
  • 3. Contracting Type
    • 3.1. General contracting
    • 3.2. Design-build contracting
    • 3.3. Construction management
  • 4. Scale
    • 4.1. Mega project
    • 4.2. Major project
    • 4.3. Medium project
    • 4.4. Small project

Turkey Construction Market Segmentation By Geography

Turkey Construction Market Regional Share

Turkey Construction Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 5% from 2019-2033
Segmentation
    • By Type
      • Residential Construction
      • Commercial Construction
        • Sports Facilities Construction
        • Hospitality Facilities Construction
        • Retail Facilities Construction
        • Office Buildings Construction
      • Industrial Construction
      • Infrastructure Construction & Heavy Civil Construction
      • Institutional Construction
        • Healthcare Facilities Construction
        • Educational Facilities Construction
      • Mixed-Use Construction
      • Specialized Construction
      • Renovation/Remodeling Construction
      • Environmental Construction
    • By End-Use
      • Private sector
      • Public sector
    • By Contracting Type
      • General contracting
      • Design-build contracting
      • Construction management
    • By Scale
      • Mega project
      • Major project
      • Medium project
      • Small project
  • By Geography
    Table Of Content
    1. 1. Introduction
      • 1.1. Research Scope
      • 1.2. Market Segmentation
      • 1.3. Research Methodology
      • 1.4. Definitions and Assumptions
    2. 2. Executive Summary
      • 2.1. Introduction
    3. 3. Market Dynamics
      • 3.1. Introduction
        • 3.2. Market Drivers
          • 3.2.1 Government initiatives for smart city infrastructure development
          • 3.2.2 Proliferation of sustainable construction across Turkey
          • 3.2.3 Government support for the energy & renewable sector
        • 3.3. Market Restrains
          • 3.3.1 Political and geopolitical risks
          • 3.3.2 Emerging safety and labor issues
        • 3.4. Market Trends
    4. 4. Market Factor Analysis
      • 4.1. Porters Five Forces
      • 4.2. Supply/Value Chain
      • 4.3. PESTEL analysis
      • 4.4. Market Entropy
      • 4.5. Patent/Trademark Analysis
    5. 5. Turkey Construction Market Analysis, Insights and Forecast, 2019-2031
      • 5.1. Market Analysis, Insights and Forecast - by Type
        • 5.1.1. Residential Construction
        • 5.1.2. Commercial Construction
          • 5.1.2.1. Sports Facilities Construction
          • 5.1.2.2. Hospitality Facilities Construction
          • 5.1.2.3. Retail Facilities Construction
          • 5.1.2.4. Office Buildings Construction
        • 5.1.3. Industrial Construction
        • 5.1.4. Infrastructure Construction & Heavy Civil Construction
        • 5.1.5. Institutional Construction
          • 5.1.5.1. Healthcare Facilities Construction
          • 5.1.5.2. Educational Facilities Construction
        • 5.1.6. Mixed-Use Construction
        • 5.1.7. Specialized Construction
        • 5.1.8. Renovation/Remodeling Construction
        • 5.1.9. Environmental Construction
      • 5.2. Market Analysis, Insights and Forecast - by End-Use
        • 5.2.1. Private sector
        • 5.2.2. Public sector
      • 5.3. Market Analysis, Insights and Forecast - by Contracting Type
        • 5.3.1. General contracting
        • 5.3.2. Design-build contracting
        • 5.3.3. Construction management
      • 5.4. Market Analysis, Insights and Forecast - by Scale
        • 5.4.1. Mega project
        • 5.4.2. Major project
        • 5.4.3. Medium project
        • 5.4.4. Small project
      • 5.5. Market Analysis, Insights and Forecast - by Region
      • 6. Competitive Analysis
        • 6.1. Market Share Analysis 2024
          • 6.2. Company Profiles
            • 6.2.1 Alarko Holding
              • 6.2.1.1. Overview
              • 6.2.1.2. Products
              • 6.2.1.3. SWOT Analysis
              • 6.2.1.4. Recent Developments
              • 6.2.1.5. Financials (Based on Availability)
            • 6.2.2 Ant Yap?
              • 6.2.2.1. Overview
              • 6.2.2.2. Products
              • 6.2.2.3. SWOT Analysis
              • 6.2.2.4. Recent Developments
              • 6.2.2.5. Financials (Based on Availability)
            • 6.2.3 Astaldi
              • 6.2.3.1. Overview
              • 6.2.3.2. Products
              • 6.2.3.3. SWOT Analysis
              • 6.2.3.4. Recent Developments
              • 6.2.3.5. Financials (Based on Availability)
            • 6.2.4 Do?u? Construction Group
              • 6.2.4.1. Overview
              • 6.2.4.2. Products
              • 6.2.4.3. SWOT Analysis
              • 6.2.4.4. Recent Developments
              • 6.2.4.5. Financials (Based on Availability)
            • 6.2.5 Enka ?n?aat ve Sanayi A.? (ENKA)
              • 6.2.5.1. Overview
              • 6.2.5.2. Products
              • 6.2.5.3. SWOT Analysis
              • 6.2.5.4. Recent Developments
              • 6.2.5.5. Financials (Based on Availability)
            • 6.2.6 Gülsan Holding
              • 6.2.6.1. Overview
              • 6.2.6.2. Products
              • 6.2.6.3. SWOT Analysis
              • 6.2.6.4. Recent Developments
              • 6.2.6.5. Financials (Based on Availability)
            • 6.2.7 IC ?çta? Construction
              • 6.2.7.1. Overview
              • 6.2.7.2. Products
              • 6.2.7.3. SWOT Analysis
              • 6.2.7.4. Recent Developments
              • 6.2.7.5. Financials (Based on Availability)
            • 6.2.8 Limak Group
              • 6.2.8.1. Overview
              • 6.2.8.2. Products
              • 6.2.8.3. SWOT Analysis
              • 6.2.8.4. Recent Developments
              • 6.2.8.5. Financials (Based on Availability)
            • 6.2.9 Nurol Construction and Trading Co. Inc.
              • 6.2.9.1. Overview
              • 6.2.9.2. Products
              • 6.2.9.3. SWOT Analysis
              • 6.2.9.4. Recent Developments
              • 6.2.9.5. Financials (Based on Availability)
            • 6.2.10 Rönesans Holding
              • 6.2.10.1. Overview
              • 6.2.10.2. Products
              • 6.2.10.3. SWOT Analysis
              • 6.2.10.4. Recent Developments
              • 6.2.10.5. Financials (Based on Availability)
            • 6.2.11 SK ecoplant
              • 6.2.11.1. Overview
              • 6.2.11.2. Products
              • 6.2.11.3. SWOT Analysis
              • 6.2.11.4. Recent Developments
              • 6.2.11.5. Financials (Based on Availability)
            • 6.2.12 Taisei Corporation
              • 6.2.12.1. Overview
              • 6.2.12.2. Products
              • 6.2.12.3. SWOT Analysis
              • 6.2.12.4. Recent Developments
              • 6.2.12.5. Financials (Based on Availability)
            • 6.2.13 TAV Construction
              • 6.2.13.1. Overview
              • 6.2.13.2. Products
              • 6.2.13.3. SWOT Analysis
              • 6.2.13.4. Recent Developments
              • 6.2.13.5. Financials (Based on Availability)
            • 6.2.14 Tekfen Construction and Installation Co. Inc.
              • 6.2.14.1. Overview
              • 6.2.14.2. Products
              • 6.2.14.3. SWOT Analysis
              • 6.2.14.4. Recent Developments
              • 6.2.14.5. Financials (Based on Availability)
            • 6.2.15 Yap? Merkezi
              • 6.2.15.1. Overview
              • 6.2.15.2. Products
              • 6.2.15.3. SWOT Analysis
              • 6.2.15.4. Recent Developments
              • 6.2.15.5. Financials (Based on Availability)
      List of Figures
      1. Figure 1: Turkey Construction Market Revenue Breakdown (Billion, %) by Product 2024 & 2032
      2. Figure 2: Turkey Construction Market Share (%) by Company 2024
      List of Tables
      1. Table 1: Turkey Construction Market Revenue Billion Forecast, by Region 2019 & 2032
      2. Table 2: Turkey Construction Market Revenue Billion Forecast, by Type 2019 & 2032
      3. Table 3: Turkey Construction Market Revenue Billion Forecast, by End-Use 2019 & 2032
      4. Table 4: Turkey Construction Market Revenue Billion Forecast, by Contracting Type 2019 & 2032
      5. Table 5: Turkey Construction Market Revenue Billion Forecast, by Scale 2019 & 2032
      6. Table 6: Turkey Construction Market Revenue Billion Forecast, by Region 2019 & 2032

      STEP 1 - Identification of Relevant Samples Size from Population Database

      Step Chart
      bar chart
      method chart

      STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

      approach chart
      Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

      Note* : In applicable scenarios

      STEP 3 - Data Sources

      Primary Research

      • Web Analytics
      • Survey Reports
      • Research Institute
      • Latest Research Reports
      • Opinion Leaders

      Secondary Research

      • Annual Reports
      • White Paper
      • Latest Press Release
      • Industry Association
      • Paid Database
      • Investor Presentations
      approach chart

      STEP 4 - Data Triangulation

      Involves using different sources of information in order to increase the validity of a study

      These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

      Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

      During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

      Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.

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