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

Turkey’s construction equipment rental market was valued at USD 1220.02 million in 2022 and is anticipated to project robust growth during the forecast period at a CAGR of 6.85% through 2027.

Heavy-duty vehicles used specifically for carrying out construction tasks—of which earthwork activities are the most frequent—are referred to as construction equipment. They go by names such as heavy machinery, trucks, technical tools, cars, or hydraulics. Contractors and engineering procurement contractors can use the service of renting construction equipment from equipment rental firms. Companies can avoid unforeseen market changes and financial downturns by renting construction equipment.

Comprehensive Creation of Residential Spaces

The Housing Development Administration of Turkey (TOK) aims to construct an adequate number of superior residences in a secure urban setting. On a national level, it also aims to address housing and urbanization-related problems. It is projected that the necessity to develop large-scale housing projects and the significant demand for affordable housing from low- and middle-income people will increase the demand for construction equipment. As part of the government's "Planned Urbanization and Housing Development Mobilization" initiative, low-income target people will receive housing. Additionally, it is projected that the social housing initiative, which aims to create affordable low-cost housing and cheap dwellings, will expand.

Government Investments

In the past, Turkey's government has made significant investments to expand the country's road system and undertake residential construction projects, among other things, which have benefited the development of the country's construction equipment rental market. Turkey's ongoing infrastructure and transportation developments have increased demand for rental machinery including excavators and smooth double drum rollers, among other items. Therefore, it is projected that the government of Turkey's investments in infrastructure development will increase demand for rental construction equipment in the years to come, including concrete breakers & drills, concrete grinders, etc.

Integration of Rental Business with E-commerce Platform

The thriving e-commerce industry in Turkey has drawn major players to the rental market for construction equipment, including KHL Group, which in 2020 developed an e-commerce platform for rental enterprises in order to increase its operations there. To maximize the utilization of rental construction equipment in 2019, KHL Group has expanded its sharing platform across Turkey. Additionally, the website allowed users to place online orders for the equipment and have it delivered to building sites or picked up from nearby shops, which had a favorable effect on Turkish demand for construction equipment rental services. The integration of a location-specific product inventory with an online platform is another example of the equipment rental service providers' omnichannel strategy.

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Market Segmentation

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 market analysis also studies regional segmentation.

Company Profiles

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, and SIF Construction Machinery Marketing Co. Inc. are among the major market players in the  Turkey  platform that lead the market growth of the Construction Equipment  Renta.  

Report Scope:

In this report, Turkey Construction Equipment Rental Market  has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Turkey Construction Equipment Rental Market, By Construction Type:

o   Wheel Loader

o   Crane

o   Excavator

o   Bulldozer

o   Diesel Genset

o   Motor Grader

o   Telescopic Handler

o   Others

·         Turkey Construction Equipment Rental Market, By Region:

• Marmara Region
• Central Anatolia Region
• Aegean Region
• Mediterranean Region
• South Eastern Anatolia Region
• Black Sea 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).