Ken Research has announced its distribution on, “Construction in Turkey, Key Trends and Opportunities to 2020” which provides detailed market analysis, information and insights into the Turkish construction industry. The report furnishes critical insight into the impact of industry trends and issues, and the threats and opportunities they present to participants in the industry and profiles of the leading operators in the Turkish construction industry.
It produces historical and forecast figure valuations of the construction industry in Turkey by using construction output and value-add methods. Analysis of key construction industry issues, including regulation, cost management, funding and pricing is properly conducted in the report.
It gets easier to recognize and assess the market opportunities using standardized valuation and forecasting methodologies and well evaluates market growth potential at a micro-level with over 600 time-series data forecasts through an in-depth understanding of the latest industry and market trends.
The business risks, including cost, regulatory and competitive pressures, especially competitive risk and success factors are properly studied in the report and aid in further execution of a successful corporate strategy that leads to revenue generation.
According to the Turkish Statistical Institute, the seasonal and calendar-adjusted average construction production index at a 2010 base price propagated by 1.8% in 2015, while the seasonally and calendar-adjusted construction turnover index ascended by 0.5%, ultimately showing and promising an ameliorated performance as the years pass by.
The country’s average building construction cost index increased by 5.9%, labor cost index rose by 8.3%, while the materials cost index grew by 5.2% in 2015. Terrorism and cost inflation challenges were needed to be confronted for achieving fast development of the industry.
There has been a clear proof of betterment in residential and non-residential construction. The total number of building permits issued rose by 5.0%, from 89,577 in January-September 2015 to 94,015 in January-September 2016 which was also predated by an annual contraction of 12.3% in 2015.
Turkey’s parliament approved the national Sovereign Wealth Fund (SWF) in August 2016 to finance infrastructure construction projects that do not have a build-operate-finance model. The fund is forecasted to lead to the announcement of more infrastructure projects in the coming years.
The construction industry is forecasted to perform better over the forecast period than during the review period. The industry’s forecast-period growth is expected to be driven by public and private sector investments in infrastructure, energy, residential and industrial construction projects.
The country’s total installed electricity capacity is forecasted to rise by 2023. The forecast-period growth of the energy and utilities construction market will be supported by government plans to develop the country’s energy infrastructure proposing incentives, license exemptions, purchase guarantees, feed-in-tariffs and connection priorities.
The industry is expected to flourish driven by the government’s plan to increase the share of renewable energy in terms of total installed power capacity; encouraging investment in renewable energy infrastructure and aim to increase the share of renewable sources to 30.0% of the country’s total installed power capacity by 2023 has been set by the concerned government authorities.
ENKA Insaat ve Sanayi AS , GAMA Holding AS , Tekfen Holding Co., Inc., Kolin Insaat Turizm Sanayi ve Ticaret AS , Yapi Merkezi Holding Inc.
Ankur Gupta, Head Marketing & Communications