Construction Industry Today
Construction in Turkey Market 2017- By Plan Future Business Decisions Using the Forecast Figures 2022
WiseGuyReports published new report, titled “Construction in Turkey”
Published 08 February 2018
WiseGuyReports published new report, titled “Construction in Turkey”
Synopsis
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 Construction Intelligence Center (CIC).
GET SAMPLE REPORT @ https://www.wiseguyreports.com/sample-request/2954993-construction-in-turkey-key-trends-and-opportunities-to-2022
Summary
Construction in Turkey – Key Trends and Opportunities to 2022 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 activity
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Turkish construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
Scope
This report provides a comprehensive analysis of the construction industry in Turkey. It provides:
• Historical (2013-2017) and forecast (2018-2022) 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-sector
• Analysis 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 consultants
Key points
• Identify and evaluate market opportunities using 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 critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.
Key Highlights
• Expects the residential construction market to retain its leading position over the forecast period, with a share of 55.7% of the industry’s total value in 2022. The house sales in the country grew by 8.2% in the first ten months of 2017, rising from 1.1 million units in January–October 2016 to 1.2 million units in January–October 2017. This was preceded by growth of 4.0% in 2016, with the volume of sales increasing from 1.28 million units in 2015 to 1.34 million in 2016
• Expects infrastructure construction to grow at a forecast-period CAGR of 12.19% in nominal terms, driven by government’s focus on transport infrastructure under the Vision 2023. Under this, the government plans to invest TRY1.5 trillion (US$400 billion) on transport infrastructure across the country by 2023.
• In order to reduce carbon emissions and meet rising electricity demand, the government is focusing on the development of renewable energy infrastructure. Accordingly, under its National Renewable Energy Action Plan, the government plans to invest TRY169.0 billion (US$46.0 billion) on the construction of various renewable energy infrastructure, with an aim to increase the total installed capacity of renewable energy infrastructure from 33.5GW in 2017 to 61.0GW by 2023.
• Over the forecast period, growth in commercial construction is expected to be driven by the government’s plan to develop the tourism sector. The government plans to transform the country into one of the top five countries in the world by 2023 in terms of tourist visitors and revenue. Accordingly, the government aims to attract 50 million tourists and raise foreign exchange earnings to TRY136.0 billion (US$50 billion) by 2023.
• Industrial construction market is expected to register a forecast-period CAGR of 10.64% in nominal terms, driven by rising exports in the country. The country’s total export value grew by 7.5% in the first ten months of 2017,. Continued growth will help to drive investment in manufacturing facilities over the forecast period.
• The construction mega-project pipeline in Turkey, as tracked by the CIC, has a value of TRY1.34 trillion (US$361 billion), of which 58% comprises projects currently in the execution phase.
..CONTINUED
About US
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us
Email Us at: sales@wiseguyreports.com
Reach Us at: +1 339 368 6938 (US) +44 208 133 9349 (UK)
For accessing accurate and deep understanding and to gain latest insights and key developments in the area of your interest, we also have a list of conferences in which you will be interested in, for more information, cordially check
https://www.wiseguyreports.com/conferences
For updating knowledge or for thoroughly understanding various terminologies, we also have vast list of seminars for your reference, for more information cordially check
https://www.wiseguyreports.com/seminars
Synopsis
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 Construction Intelligence Center (CIC).
GET SAMPLE REPORT @ https://www.wiseguyreports.com/sample-request/2954993-construction-in-turkey-key-trends-and-opportunities-to-2022
Summary
Construction in Turkey – Key Trends and Opportunities to 2022 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 activity
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Turkish construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
Scope
This report provides a comprehensive analysis of the construction industry in Turkey. It provides:
• Historical (2013-2017) and forecast (2018-2022) 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-sector
• Analysis 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 consultants
Key points
• Identify and evaluate market opportunities using 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 critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.
Key Highlights
• Expects the residential construction market to retain its leading position over the forecast period, with a share of 55.7% of the industry’s total value in 2022. The house sales in the country grew by 8.2% in the first ten months of 2017, rising from 1.1 million units in January–October 2016 to 1.2 million units in January–October 2017. This was preceded by growth of 4.0% in 2016, with the volume of sales increasing from 1.28 million units in 2015 to 1.34 million in 2016
• Expects infrastructure construction to grow at a forecast-period CAGR of 12.19% in nominal terms, driven by government’s focus on transport infrastructure under the Vision 2023. Under this, the government plans to invest TRY1.5 trillion (US$400 billion) on transport infrastructure across the country by 2023.
• In order to reduce carbon emissions and meet rising electricity demand, the government is focusing on the development of renewable energy infrastructure. Accordingly, under its National Renewable Energy Action Plan, the government plans to invest TRY169.0 billion (US$46.0 billion) on the construction of various renewable energy infrastructure, with an aim to increase the total installed capacity of renewable energy infrastructure from 33.5GW in 2017 to 61.0GW by 2023.
• Over the forecast period, growth in commercial construction is expected to be driven by the government’s plan to develop the tourism sector. The government plans to transform the country into one of the top five countries in the world by 2023 in terms of tourist visitors and revenue. Accordingly, the government aims to attract 50 million tourists and raise foreign exchange earnings to TRY136.0 billion (US$50 billion) by 2023.
• Industrial construction market is expected to register a forecast-period CAGR of 10.64% in nominal terms, driven by rising exports in the country. The country’s total export value grew by 7.5% in the first ten months of 2017,. Continued growth will help to drive investment in manufacturing facilities over the forecast period.
• The construction mega-project pipeline in Turkey, as tracked by the CIC, has a value of TRY1.34 trillion (US$361 billion), of which 58% comprises projects currently in the execution phase.
..CONTINUED
About US
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us
Email Us at: sales@wiseguyreports.com
Reach Us at: +1 339 368 6938 (US) +44 208 133 9349 (UK)
For accessing accurate and deep understanding and to gain latest insights and key developments in the area of your interest, we also have a list of conferences in which you will be interested in, for more information, cordially check
https://www.wiseguyreports.com/conferences
For updating knowledge or for thoroughly understanding various terminologies, we also have vast list of seminars for your reference, for more information cordially check
https://www.wiseguyreports.com/seminars
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WISEGUY RESEARCH CONSULTANTS PVT LTD
WISEGUY RESEARCH CONSULTANTS PVT LTD
Office No. 524/528
Amanora Chambers Magarpatta Road,
Pune
411028
+91 8390122541
https://www.wiseguyreports.com
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