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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