The "Turkey Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q4 2024)" report has been added to ResearchAndMarkets.com's offering.

Turkish construction industry expected to grow in real terms by 8.7% in 2024, supported by investments in industrial construction and housing projects, coupled with the reconstruction of buildings and infrastructure damaged by the earthquake in February 2023.

In addition, the average construction turnover index grew sharply by 88.5% YoY in the first nine months of 2024. By segment, the construction turnover index of buildings rose by 96.9% YoY, while that of civil engineering works grew by 82% YoY, and utility projects by 71.5% YoY during the same period.

Furthermore, financial support from foreign institutions is expected to bolster the construction industry's output, with Saudi Arabian finance company, Islamic Development Bank Group, and Turkish import and export company, Turk Eximbank investing TRY3.4 billion ($100 million) in November 2024, to boost green energy investment in earthquake-affected areas. Additionally, the Europe Development Bank (EIB) approved a TRY9 billion ($270.5 million) loan in July 2024 to fund the development of earthquake-affected infrastructure.

Although registering healthy growth in 2024, the construction industry's output growth momentum will continue to be undermined by high inflation, interest rates, and construction costs, along with the devaluation of the Turkish Lira coupled with falling building permits, resulting the industry to record a slower growth of 2.5% in real term in 2025.

According to TurkStat, the total floor area of permits issued for building construction decreased by 10.2% YoY in the first nine months of 2024, with residential buildings falling by 10.9%, common area buildings by 10.2% and non-residential buildings by 8.7% during the same period. The Turkish construction industry is expected to record an annual average growth of 4.1% from 2026 to 2028, supported by investments in transport, energy, industrial, and housing projects.

Scope

• Historical (2019-2023) and forecast (2024-2028) 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

Reasons to Buy

• Identify and evaluate market opportunities using our 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 business strategies using the analyst's critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

• Outlook
• Latest news and developments
• Construction Projects Momentum Index

4.2 Commercial Construction

• Outlook
• Project analytics
• Latest news and developments

4.3 Industrial Construction

• Outlook
• Project analytics
• Latest news and developments

4.4 Infrastructure Construction

• Outlook
• Project analytics
• Latest news and developments

4.5 Energy and Utilities Construction

• Outlook
• Project analytics
• Latest news and developments

4.6 Institutional Construction

• Outlook
• Project analytics
• Latest news and developments

4.7 Residential Construction

• Outlook
• Project analytics
• Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/r2agjm

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