Press Release

Turkey Construction Equipment Rental Market to Reach USD 1817 Million by 2027

Advanced safety features and rising demand in infrastructure development are expected to drive the growth of the Construction Equipment Rental Market in Turkey during the forecast period, 2023-2027.


According to TechSci Research report, “Turkey Construction Equipment Rental Market – By Region, Competition Forecast and Opportunities, 2027 Turkey Construction equipment rental market was valued at USD 1220 million in 2021 and is predicted to grow at CAGR of 6.85% through 2027 to reach USD 1817 million by 2027. The Turkey Government has been making substantial efforts toward bringing up robust infrastructure within the country. Various Mega Projects are also in the Pipeline, namely Istanbul Third Airport, Istanbul Canal (Kanal Istanbul), Akkuyu Nuclear Power Plant, Eurasia Tunnel and Marmara among others.

Additionally, the country has opened itself to foreign investments through its turkey-foreign-direct-investment-strategy which is anticipated to attract various international investors to the country leading to widespread construction of commercial & residential buildings. Moreover, the demand for equipment rental has also grown in the non-residential sectors for construction, cleaning, painting & decoration, tools & equipment, access, etc. Besides, the non-residential buildings have surged in Turkey due to increasing private and government offices, hospitals, malls, hotels, etc.

Browse over 35 market data Figures spread through 98 Pages and an in-depth TOC on "Turkey Construction Equipment Rental Market"

The Turkey Construction Equipment Rental Market is segmented based on equipment type, by region, and by company. Based on equipment type, the market is further fragmented into (wheel loader, crane, excavator, bulldozer, diesel genset, motor grader and telescopic handler, others). The Turkey Wheel Loader Rental Market stood at USD295.17 million in the year 2021 and is projected to grow at a CAGR of 8.98% during the forecast period. A wheel loader features a front-mounted bucket designed to scoop, hold and transport loosely packed materials, such as sand, dirt, and pulverized minerals in the oil & gas industry. This machine may also be called a skip loader, scoop loader, or even a bucket loader. With several application purposes and owing to various infrastructure projects planned in the country, the Turkey Wheel Loader Rental Market is poised to ascend in the forecast period.

In addition to this, to satisfy changing market requirements, address tough laws on fuel efficiency and carbon emissions, and remain competitive in the market, significant advancements in compact wheel loader designs, techniques, and materials have been made, all auguring well for market growth.

Major market players operating in the Turkey construction equipment rental market are:

  • Volvo Construction Equipment
  • ENKA İnşaat ve Sanayi A.Ş.
  • Borusan Makina ve Guc Sistemleri Sanayi ve Ticaret Anonim Şirketi
  • Hasel İstif Makinalari Sanayi Ve Ticaret Anonim Şirketi
  • GAMA Holding A.S
  • Çukurova Ziraat
  • Hidromek – Hidrolik ve Mekanik Makina İmalat Sanayi ve Ticaret A.Ş.
  • Maats Insaat Makinalari Ticaret Limited Sirketi
  • SIF Construction Machinery Marketing Co. Inc.
  • MST Construction and Agricultural Machinery Industry and Trade Inc


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“Industry leaders in the construction equipment market are currently developing the next generation of construction equipment ranging from alternative fuel trucks and semi-autonomous excavators, which will be considerably more productive and efficient. Moreover, new models of construction equipment will feature a variety of innovative technologies, such as advanced sensors, electric engines, and sophisticated data collection capabilities. Increased reliability of the advanced construction equipment also translates into higher profitability from fewer defect-related claims and the avoidance of delay penalties.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Turkey Construction Equipment Rental Market Segmented By Equipment Type (Wheel Loader, Crane, Excavator, Bulldozer, Diesel Genset, Motor Grader and Telescopic Handler, Others), By Region, Competition Forecast and Opportunities, 2017-2027”, has evaluated the future growth potential of Turkey Construction Equipment Rental Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Turkey Construction Equipment Rental Market.


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Mr. Ken Mathews
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Website: https://www.techsciresearch.com

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Turkey Construction Equipment Rental Market Segmented By Equipment Type (Wheel Loader, Crane, Excavator, Bulldozer, Diesel Genset, Motor Grader and Telescopic Handler, Others), By Region, Competition Forecast and Opportunities, 2017-2027

Automotive | Nov, 2022

Advanced safety features and rising demand in infrastructure development are expected to drive the growth of the Construction Equipment Rental Market in Turkey during the forecast period, 2023-2027.

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