Market Share of Turkey Construction Equipment Industry
The significant presence of key industry leaders, including Caterpillar Inc., Kobelco Construction Machinery Ltd., SANY Group, Liebherr Group, and several other prominent players, currently marks the Turkish construction equipment market. The robust growth in construction activities throughout the nation is poised to drive the demand for construction equipment in the foreseeable future.
For instance, in April 2022, the Turkish government made a substantial commitment by announcing a substantial investment of USD 197.9 billion dedicated to various infrastructure development projects. These projects encompass the construction of roads, expansion of rail infrastructure, improvements in maritime facilities, and other vital initiatives aimed at enhancing the country's infrastructure.
In March 2022, Volvo Construction Equipment made a significant contribution to the Turkish construction equipment landscape. They introduced their advanced EC550E crawler excavator into the Turkish market. This cutting-edge excavator is meticulously designed to tackle large-scale infrastructure projects with remarkable efficiency and high production capacity, aligning perfectly with Turkey's burgeoning construction requirements.
Turkey Construction Equipment Market Leaders
Kobelco Construction Machinery Co., Ltd.
Caterpillar inc.
Liebherr Group
SANY Group
Komatsu Ltd.
*Disclaimer: Major Players sorted in no particular order
