Turkey Construction
Equipment Rental market is anticipated to grow at a rate of steady CAGR for the
forecast period, 2022-2026. The rise in the infrastructural development
activities to boost the economy of the country and the cost-effectiveness of
using rental instead of buying construction equipment are the major driving
factors for the Turkey Construction Equipment Rental market.
Developing Economy of
Turkey Fuels the Construction Activity
Leading authorities are
offering attractive investment opportunities in various sectors, including
healthcare, energy, and transportation. High-end investments to develop the new
railway, roadways, tunnels, airports, tunnels to project Turkey as an
international trade partner are accelerating the demand for construction
equipment. Continuous rise in the population is creating the need to construct
more residential, commercial, and industrial places. The rapid urbanization of
people in search of better job opportunities and quality living standards is
fueling the demand for infrastructural development. The growing trade
activities in the country and outside the country and the strategic location of
Turkey favor the development of infrastructure in the next five years. Turkey
acts as a bridge between the East and West and leads as a Middle Corridor
located at the middle of the Belt and Road Initiative (BRI). Turkey boasts of
excellent healthcare services as it hosts more than 600,000 foreign patients
per year. The government is continuously investing in developing the healthcare
sector and improving the quality of services offered to patients. Upgradation
and development of the healthcare sector are expected to create lucrative
opportunities for the Turkey Construction Equipment Rental market growth. Due to the vast size of Turkey,
infrastructural development projects focus on the transport sector to improve
connectivity between different parts of the country. Such as the introduction
of a rapid-speed bus system separated from the traffic congestion in Istanbul
to ease the transportation in the ancient city is expected to accelerate the
demand for rental construction equipment.
Large-scale Construction
of Residential Spaces Supports Market Growth
The Housing Development
Administration of Turkey (TOKİ) aims to develop solutions for problems relating
to urbanization and housing at a national scale and construct a sufficient
number of quality houses in a healthy urban environment. High demand for affordable
houses from the low and middle-income people and the need to develop mass
housing projects are expected to fuel the demand for construction equipment.
The government project, “Planned Urbanization and Housing Development
Mobilization,” is involved in constructing residential spaces for low-income
target people. Also, the social housing program that aims to build affordable
houses and construct affordable low-cost housing is expected to multiply.
Shift In Trend Towards
Rental Drives Market Growth
Due to the cyclical
nature of the construction industry and the budget constraints, while
constructing residential, commercial spaces, the demand for rental construction
equipment is on the rise. The construction companies and the contractors prefer
to rent the construction equipment as it eliminates the need for high initial
capital cost and construction equipment maintenance costs. Rental is considered
an attractive alternative by the companies to make companies ready for any
economic recession and prevent operational slowdown.

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Market Segmentation
The Turkey Construction
Equipment Rental market is segmented on the basis of equipment,
product, regional distribution, and competitive landscape. Based on the equipment,
the market is divided into earthmoving, material handling, road building &
concrete. Based on the product, the market is divided into crane, diesel
generator, excavator, wheel loader, bulldozer, motor grader, telescopic
handler, forklifts, trucks, manlifts, others. To analyze the market based on
the region, the Turkey Construction Equipment Rental market is studied in major
regions namely Marmara Region, Central Anatolia, Aegean Region, Mediterranean
Region, Black Sea Region, South Eastern Anatolia Region, Eastern Anatolia
Region.
Market Players
ENKA İnşaat ve Sanayi A.Ş.,
KHL Group, Fruitful Machinery Co., Ltd., Euroline International Ltd.,
Powerscreen, ED Machinery, Linde Material Handling, TSM Global, Hitachi
Construction Machinery, Volvo Construction Equipment, are among the major
market players in the Turkey that lead the market growth of the Turkey Construction
Equipment Rental market.
Attribute
|
Details
|
Base Year
|
2020
|
Historic Data
|
2016 – 2019
|
Estimated Year
|
2021
|
Forecast Period
|
2022 – 2026
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2016-2020 and 2021-2026
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
Segments covered
|
·
Equipment
·
Product
|
Regional scope
|
Marmara Region, Central Anatolia, Aegean Region, Mediterranean
Region, Black Sea Region, South Eastern Anatolia Region, Eastern Anatolia
Region
|
Key companies profiled
|
ENKA İnşaat ve Sanayi A.Ş., KHL Group, Fruitful
Machinery Co., Ltd., Euroline International Ltd., Powerscreen, ED Machinery, Linde
Material Handling, TSM Global, Hitachi Construction Machinery, Volvo
Construction Equipment
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, Turkey Construction
Equipment Rental market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Turkey Construction
Equipment Rental Market, By Equipment:
- Earthmoving
- Material Handling
- Road Building & Concrete
- Turkey Construction Equipment Rental Market, By Product:
- Crane
- Diesel Generator
- Excavator
- Wheel Loader
- Bulldozer
- Motor Grader
- Telescopic Handler
- Forklifts
- Trucks
- Manlifts
- Others
- Turkey Construction
Equipment Rental Market, By Region:
- Marmara Region
- Central Anatolia
- Aegean Region
- Mediterranean Region
- Black Sea Region
- South Eastern Anatolia Region
- Eastern Anatolia Region
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Turkey Construction Equipment Rental
market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
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Equipment Rental Market is an upcoming report to be released soon. If you wish
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