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.


Download Free Sample Report

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.  

Attribute

Details

Market size value in 2021

USD 1220.02 million 

Revenue Forecast in 2027

USD 1817.94 million

Growth Rate

6.85%

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2021

Forecast Period

2023 – 2027

Quantitative Units

Revenue in (USD million), and CAGR for 2017-2021 and 2022-2027

Report Coverage

·         Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Equipment Type

Regional Scope

Marmara Region, Central Anatolia Region, Aegean Region, Aegean Region, Mediterranean Region, South Eastern Anatolia Region, Black Sea Region, Eastern Anatolia Region

Key Companies Profiled

INOX India Pvt. Ltd., VRV Asia Pacific Pvt. Ltd, Cryolor Asia Pacific Private Limited (India), Linde India Limited, Cryogas Equipment Private Limited, Vijay Tanks & Vessels Pvt. Ltd, Krison Engineering Works, Precise Vacuum Systems Private Limited, SicgilSol India Private Limited, Super Cryogenic Systems Private Limited. MST Construction and Agricultural Machinery Industry and Trade Inc.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, 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/pdf format on special request)

 

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).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

     1.    Service Overview

     2.    Research Methodology

     3.    Executive Summary

     4.    Impact of Macro-Economic Factors on Turkey Construction Equipment Rental Market

     5.    Voice of Customer

5.1.    Factors Influencing Renting Decisions

5.2.    Challenges/Unmet Needs

5.3.    Rental Company Switching Attributes

5.4.   Key Satisfaction Level

6.    Turkey Construction Equipment Rental Market Outlook

6.1.   Market Size & Forecast

6.1.1.     By Value

6.2.   Market Share & Forecast

6.2.1.     By Equipment Type (Wheel Loader, Crane, Excavator, Bulldozer, Diesel Genset, Motor Grader and Telescopic Handler, Others)

6.2.2.     By Region

6.2.3.     By Company (2021)

6.3.   Product Market Map (By Equipment Type, By Region)

7.   Turkey Wheel Loader Rental Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.    Market Share & Forecast

7.2.1.     By Operating Weight

7.2.2.     By Company

7.3.    Wheel loader Rental Tariff

8.   Turkey Crane Rental Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.    Market Share & Forecast

8.2.1.     By Operating Weight

8.2.2.     By Company

8.3.    Crane Rental Tariff

9.   Turkey Excavator Rental Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.    Market Share & Forecast

9.2.1.     By Operating Weight

9.2.2.     By Company

9.3.    Excavator Rental Tariff

10.            Turkey Bulldozer Rental Market Outlook

10.1.  Market Size & Forecast

10.1.1.   By Value

10.2.  Market Share & Forecast

10.2.1.   By Operating Weight

10.2.2.   By Company

10.3.  Bulldozer Rental Tariff

11.            Turkey Diesel Genset Rental Market Outlook

11.1.  Market Size & Forecast

11.1.1.   By Value

11.2.  Market Share & Forecast

11.2.1.   By Operating Weight

11.2.2.   By Company

11.3.  Diesel Genset Rental Tariff

12.            Turkey Motor Grader Rental Market Outlook

12.1.  Market Size & Forecast

12.1.1.   By Value

12.2.  Market Share & Forecast

12.2.1.   By Operating Weight

12.2.2.   By Company

12.3.  Motor Grader Rental Tariff

13.            Turkey Telescopic Handler Rental Market Outlook

13.1.  Market Size & Forecast

13.1.1.   By Value

13.2.  Market Share & Forecast

13.2.1.   By Operating Weight

13.2.2.   By Company

13.3.  Telescopic Handler Rental Tariff

14.            Market Dynamics

14.1.   Drivers

14.2.   Challenges

15.          Market Trends and Developments

16.          Policy and Regulatory Landscape

17.          Rental Model Overview

18.          Turkey Economic Profile

19.          Company Profiles

19.1.   Volvo Construction Equipment

19.2.   ENKA İnşaat ve Sanayi A.Ş.

19.3.   Borusan Makina ve Guc Sistemleri Sanayi ve Ticaret Anonim Şirketi

19.4.   Hasel İstif Makinalari Sanayi Ve Ticaret Anonim Şirketi

19.5.   GAMA Holding A.S

19.6.   Çukurova Ziraat

19.7.   Hidromek – Hidrolik ve Mekanik Makina İmalat Sanayi ve Ticaret A.Ş.

19.8.   Maats Insaat Makinalari Ticaret Limited Sirketi

19.9.   SIF Construction Machinery Marketing Co. Inc.

19.10.    MST Construction and Agricultural Machinery Industry and Trade Inc

20.          Strategic Recommendations

        21.       About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

Figure 1:    Turkey Construction Equipment Rental Market Size, By Value (USD Million), 2017-2027F

Figure 2:    Turkey Construction Equipment Rental Market Share, By Equipment Type, By Value, 2017-2027F

Figure 3:    Turkey Construction Equipment Rental Market Share, By Region, By Value, 2017-2027F

Figure 4:    Turkey Construction Equipment Rental Market Share, By Company, By Value, 2021

Figure 5:    Turkey Construction Equipment Rental Market Map, By Equipment Type, Market Size (USD Million) & Growth Rate (%), 2021

Figure 6:    Turkey Construction Equipment Rental Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

Figure 7:    Turkey Wheel Loader Rental Market Size, By Value (USD Million), 2017-2027F

Figure 8:    Turkey Wheel Loader Rental Market Share, By Operating Weight, By Value, 2017-2027F

Figure 9:    Turkey Wheel Loader Rental Market Share, By Company, By Value, 2021

Figure 10:  Turkey Wheel Loader Rental Tariff, By Value (USD Thousand), 2017-2027F

Figure 11:  Turkey Crane Rental Market Size, By Value (USD Million), 2017-2027F

Figure 12:  Turkey Crane Rental Market Share, By Operating Weight, By Value, 2017-2027F

Figure 13:  Turkey Crane Rental Market Share, By Company, By Value, 2021

Figure 14:  Turkey Crane Rental Tariff, By Value (USD Thousand), 2017-2027F

Figure 15:  Turkey Excavator Rental Market Size, By Value (USD Million), 2017-2027F

Figure 16:  Turkey Excavator Rental Market Share, By Operating Weight, By Value, 2017-2027F

Figure 17:  Turkey Excavator Rental Market Share, By Company, By Value, 2021

Figure 18:  Turkey Excavator Rental Tariff, By Value (USD Thousand), 2017-2027F

Figure 19:  Turkey Bulldozer Rental Market Size, By Value (USD Million), 2017-2027F

Figure 20:  Turkey Bulldozer Rental Market Share, By Operating Weight, By Value, 2017-2027F

Figure 21:  Turkey Bulldozer Rental Market Share, By Company, By Value, 2021

Figure 22:  Turkey Bulldozer Rental Tariff, By Value (USD Thousand), 2017-2027F

Figure 23:  Turkey Diesel Genset Rental Market Size, By Value (USD Million), 2017-2027F

Figure 24:  Turkey Diesel Genset Rental Market Share, By End User, By Value, 2017-2027F

Figure 25:  Turkey Diesel Genset Rental Market Share, By Rating, By Value, 2017-2027F

Figure 26:  Turkey Diesel Genset Rental Market Share, By Company, By Value, 2021

Figure 27:  Turkey Diesel Genset Rental Tariff, By Value (USD Thousand), 2017-2027F

Figure 28:  Turkey Motor Grader Rental Market Size, By Value (USD Million), 2017-2027F

Figure 29:  Turkey Motor Grader Rental Market Share, By Blade Width, By Value, 2017-2027F

Figure 30:  Turkey Motor Grader Rental Market Share, By Company, By Value, 2021

Figure 31:  Turkey Motor Grader Rental Tariff, By Value (USD Thousand), 2017-2027F

Figure 32:  Turkey Telescopic Handler Rental Market Size, By Value (USD Million), 2017-2027F

Figure 33:  Turkey Telescopic Handler Rental Market Share, By Operating Weight, By Value, 2017-2027F

Figure 34:  Turkey Telescopic Handler Rental Market Share, By Company, By Value, 2021

  Figure 35:         Turkey Telescopic Handler Rental Tariff, By Value (USD Thousand), 2017-2027F