Turkey Construction Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers the Top Construction Companies in Turkey and the Market is Segmented by Sector (Residential, Commercial, Industrial, Infrastructure (Transportation), Energy, and Utilities). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Turkey Construction Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Turkey Construction Market Size

Turkey Construction Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
Market Size (2025) USD 56.04 Billion
Market Size (2030) USD 71.93 Billion
CAGR (2025 - 2030) 5.12 %

Major Players

Turkey Construction Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Turkey Construction Market with other markets in Real Estate and Construction Industry

Real Estate

Construction

Turkey Construction Market Analysis

The Turkey Construction Market size is estimated at USD 56.04 billion in 2025, and is expected to reach USD 71.93 billion by 2030, at a CAGR of 5.12% during the forecast period (2025-2030).

  •  Due to the COVID-19 pandemic, the construction industry has taken significant hits in Turkey, with construction site closures, project cancellations, supply chain disruptions, and cash stagnation. Because the construction sector is interconnected with over 200 subsectors, any disruption in one of them is expected to cause a ripple effect in the construction sector.
  • Construction is an especially important part of the Turkish economy, as it is in many other developing countries. As a result, disruptions in the aforementioned sector have had a greater negative overall impact than they would have in a less dependent, more developed economy.
  • By 2023, the Turkish government plans to construct 2,000 kilometers of high-speed rail lines from Kars in northeast Turkey to Edirne in western Turkey, with China funding a portion of the project.
  • The government also wants to increase renewable energy's share of electricity generation to 38.8% by 2023, up from 32.5% in 2018. The residential sector is expected to grow significantly over the forecast period because of the government's new urban development program and the country's interest rates being lowered.
  • Turkey’s nationwide house prices rose by a whopping 189.9% in November 2022 from a year earlier, to an average of TRY 16,984 (USD 904) per square meter (sq. m.), according to the Central Bank of the Republic of Turkey (CBRT), following y-o-y rises of 64% in 2021, 32.6% in 2020, and 2.9% in 2019.

Turkey Construction Industry Overview

The Turkish market is highly competitive, with several players competing for the major share. The market is moderately concentrated. The key market players include Renaissance, Alarko, Polimeks, TAV, etc. Renaissance was ranked 28 in a listing of the world’s 250 largest Construction companies by ENR magazine.

Turkey Construction Market Leaders

  1. Renaissance Construction

  2. Polimeks Construction

  3. Alarko Contracting Group

  4. Limak Insaat

  5. TAV Construction

  6. *Disclaimer: Major Players sorted in no particular order
Turkey Construction Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Turkey Construction Market News

  • March 2023: Alarko Holding has announced the acquisition of 30,000 square meters of indoor geothermal greenhouse from Ser Farm Greenhouse Food Agriculture and Industry Joint Stock Company in the province of Afyonkarahisar in Türkiye. The price of acquisition was TL 60.17 million (approx. USD 3.16 million).
  • December 2022:Groupe ADP member TAV Airports has secured a concession extension to operate Ankara Esenboga Airport in Turkey for another 25 years. This followed an auction held by the Turkish State Airports Authority (DHMI), where TAV emerged as the winner with its bid of EUR 475m (USD 503m). TAV’s existing contract to operate Ankara Esenboğa Airport is valid until May 2025. The new contract begins from 24 May 2025 to 23 May 2050, with TAV planning to spend around EUR 300m during this period to develop the airport.

Turkey Construction Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

  • 2.1 Analysis Methodology
  • 2.2 Research Phases

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Dynamics
    • 4.2.1 Drivers
    • 4.2.1.1 Increasing manufacturing sites
    • 4.2.1.2 The increasing middle-income group and access to mortgage finance
    • 4.2.2 Restraints
    • 4.2.2.1 Rising cost of construction materials.
    • 4.2.3 Opportunities
    • 4.2.3.1 Increasing focus on building earthquake-resilient buildings.
  • 4.3 Value Chain/Supply Chain Analysis
  • 4.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers/Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry
  • 4.5 Technological Innovations in the Construction Sector
  • 4.6 Insights into Costs related to Construction and Building Materials
  • 4.7 Government Regulations and Initiatives by the Industry
  • 4.8 Spotlight on Prefabricated Buildings Market in Turkey
  • 4.9 Brief on Real Estate Market and Key Real Estate Players
  • 4.10 Insights into Services Allied to Construction (Design and Engineering, Fit-out Services, Facility Management, etc.)
  • 4.11 Insights into Key Distributors/Traders of Construction Materials
  • 4.12 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Sector
    • 5.1.1 Residential
    • 5.1.2 Commercial
    • 5.1.3 Industrial
    • 5.1.4 Infrastructure (Transportation)
    • 5.1.5 Energy and Utilities

6. COMPETITIVE LANDSCAPE

  • 6.1 Overview (Market Concentration and Major Players)
  • 6.2 Company Profiles
    • 6.2.1 Renaissance Construction
    • 6.2.2 Polimeks Construction
    • 6.2.3 Alarko Contracting Group
    • 6.2.4 TAV Construction
    • 6.2.5 Limak Insaat
    • 6.2.6 Enka Insaat
    • 6.2.7 Cengiz Construction, Industry & Trade Co.
    • 6.2.8 Yapi Merkezi Insaat
    • 6.2.9 Kolin Insaat
    • 6.2.10 Nurol Construction and Trading Co.
    • 6.2.11 Mapa Insaat
    • 6.2.12 Tefken Insaat
    • 6.2.13 Nata Insaat *
  • *List Not Exhaustive

7. FUTURE OF THE MARKET

8. APPENDIX

  • 8.1 Macroeconomic Indicators (GDP Breakdown by Sector, Contribution of Construction to Economy, etc.)
  • 8.2 Key Production, Consumption, Export & Import Statistics of Construction Materials
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Turkey Construction Industry Segmentation

The construction market includes a wide range of activities that cover upcoming, ongoing, and growing construction projects in different sectors, which include but are not limited to geotechnical (underground structures) and superstructures in residential, commercial, and industrial structures as well as infrastructure construction (like roads, railways, and airports) and power generation (transmission-related infrastructure). Construction is an industry that includes the erection, maintenance, and repair of buildings and other immobile structures and the building of roads and service facilities that become integral parts of structures and are essential to their use.

This report covers market insights, such as market dynamics, drivers, restraints, opportunities, technological innovation and its impact, Porter's five forces analysis, and the impact of the COVID-19 pandemic on the market. In addition, the report also provides company profiles to understand the competitive landscape of the market.

The Turkish construction market is segmented by sector (residential, commercial, industrial, infrastructure (transportation), and energy and utilities). The report offers market size and forecasts for the Turkish construction market in value (USD) for all the above segments.

By Sector Residential
Commercial
Industrial
Infrastructure (Transportation)
Energy and Utilities
Need A Different Region or Segment?
Customize Now

Turkey Construction Market Research FAQs

How big is the Turkey Construction Market?

The Turkey Construction Market size is expected to reach USD 56.04 billion in 2025 and grow at a CAGR of 5.12% to reach USD 71.93 billion by 2030.

What is the current Turkey Construction Market size?

In 2025, the Turkey Construction Market size is expected to reach USD 56.04 billion.

Who are the key players in Turkey Construction Market?

Renaissance Construction, Polimeks Construction, Alarko Contracting Group, Limak Insaat and TAV Construction are the major companies operating in the Turkey Construction Market.

What years does this Turkey Construction Market cover, and what was the market size in 2024?

In 2024, the Turkey Construction Market size was estimated at USD 53.17 billion. The report covers the Turkey Construction Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Turkey Construction Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Construction in Turkey Industry Report

Statistics for the 2025 Turkey Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Turkey Construction analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.