|
|
|
Construction Industry News Releases
|
Home | Submit Press Release | Advertise | Submit Website
(Construction.IndustryNews247.Com, January 23, 2019 ) Construction activity in Turkey was weak in 2018, following the liquidity crisis and devaluation of the currency, which resulted in a deteriorating business environment. Moreover, political turmoil, terror attacks and fraying relations with Western countries also undermined investors’ confidence.
Enquire more details of the report at: https://www.orbisresearch.com/contacts/request-sample/2554345
The industry’s value is expected to pick up over the forecast period (2019-2023), with investments in residential property, transport infrastructure, energy, commercial and industrial projects, and improvement in consumer and investor confidence. Under the 11th five-year development plan 2019-2023, the government aims to transform the country into a top 10 global economy by 2023 and increase its manufacturing capacity and exports - for this, the government is developing road, airports and port infrastructure.
The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 4.48% over the forecast period, according to GlobalData.
GlobalData’s "Construction in Turkey - Key Trends and Opportunities to 2023", 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.
Key Highlights
- GlobalData expects the residential construction market to account for 62.2% of the industry’s total value in 2023 driven by ongoing urbanization, population growth and positive developments in regional economic conditions. Under Vision 2023, the Housing Development Administration of Turkey (TOK?) plans to build 425,000 houses by 2023. Moreover, the government plans to demolish and renovate 6.7 million houses across the country by 2037.
- Energy and utilities construction market’s growth in the forecast-period will be driven by the National Broadband Strategy and Action Plan for 2017-2020 through which the government aims to improve fiber connections and increase the capacity of internet connection across the country by 2020. Accordingly, the government is taking help from foreign companies to expand the broadband network in the country.
- GlobalData expects the infrastructure construction market to register a forecast-period CAGR of 8.18% in nominal terms driven by the government’s focus to develop the country’s transport infrastructure. The government plans to increase the total length of road from 23,522km in 2018 to 37,000km by 2023. Under this, the government plans to build 5,748km of highways across the country during 2018-2023. Furthermore, the government plans to build 600km of bridges, comprising 9,000 bridges across the country by 2023.
- Forecast-period expansion in the commercial construction market will be driven by improvements in consumer and investor confidence, an increase in public and private sector investments in the construction of new commercial buildings, growth in disposable income and an increase in the country’s retail turnover. Rising tourist arrivals in the country are expected to drive market growth over the forecast period. The government plans to attract 50 million tourists and raise foreign exchange earnings to TRY136.0 billion (US$50.0 billion) by 2023.
- The total construction project pipeline in Turkey - as tracked by GlobalData, and including all mega projects with a value above US$25 million - stands at TRY2.3 trillion (US$468.2 billion). The pipeline, which includes all projects from pre-planning to execution, is relatively skewed towards early-stage projects, with 53.4% of the pipeline value being in projects in the pre-planning and planning stages as of January 2019.
Scope
This report provides a comprehensive analysis of the construction industry in Turkey. It provides -
- Historical (2014-2018) and forecast (2019-2023) 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 GlobalData's 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 GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Make an Inquiry before Buying@ https://www.orbisresearch.com/contacts/enquiry-before-buying/2554345
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Orbis Research
Hector Costello
+1 (214) 884-6817
sales@orbisresearch.com
Source: EmailWire.Com 
|
|
|
|
Construction News by Sector
|
|
|
|
Industrial News TV
|
