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Turkey Prefabricated Buildings Industry Study - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Turkey Prefabricated Buildings Industry is segmented by Material Type (Concrete, Glass, Metal, Timber and Other Material Types) and Application (Residential, Commercial, and Other Applications (Infrastructure and Industrial))

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Market Snapshot

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Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4.5 %

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Market Overview

The Prefabricated Building Market in Turkey is expected to grow at a CAGR of approximately 4.5% during the forecast period mainly driven by the demand for low- to – midrise residential buildings, project homes, and public housing.

With the rapid increase in the population in Turkey, the need for low-cost housing has become essential. Although COVID’19 disrupted the various industries, public construction or in short construction has been one of the few industries that have maintained to some extent.

Turkey has one of the largest construction industries in the world. The country has 44 contracting companies building the largest volume of projects across the world outside their home country. The Construction Confidence Index, which is the only economic indicator that explains the amount of work that will be performed in the coming months’ time in the residential and commercial construction sector increased by 31.5% in May 2020 as compared to the previous month.

However, Turkey’s construction industry is expected to recover from the current crisis and slump to reach USD 230 Billion during the forecast period. This is mainly due to the government’s vested interest and focus on developing nation’s transport, residential and energy infrastructure. Added to this, the nation’s investments under its 11th 5-Year development Plan 2019-2023 under which the government aims to reach USD 1.1 trillion economy, as well as generate USD 226.6 billion of income from exports by 2023. 

Scope of the Report

The Turkey Prefabricated Buildings Market covers the growing trends and projects in prefab building markets, like commercial construction, residential construction, industrial construction. The report also covers the industry along the type of material used, like concrete, timber, glass, metal, and other types. Along with the scope of the report also it analyses the key players and the competitive landscape in the Turkey Prefabricated Buildings Market. The impact of COVID’19 has also been incorporated and considered during the study.

Material Type
Concrete
Glass
Metal
Timber
Other Material Types
Application
Residential
Commercial
Other Applications ( Industrial, Institutional, and Infrastructure)

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Key Market Trends

Upcoming Projects to Boost the Activity and Growth

Overseas projects carried out by Turkish contractors reached USD 19.4 billion in 2018, including 261 overseas projects. In 2019, this amount has dropped to approximately USD 18 billion of which 438 are projects abroad. Domestically, there has been clear evidence of improvement in residential and non-residential construction, according to data from the Turkish Statistical Institute. The recent development objective of Sustainable Cities Project for Turkey to improve the planning capacity of and access to targeted municipal services to enhance urban living can be a major boost to the sector, the total project cost is estimated to be USD 159 million. The Housing Development Administration of Turkey announced a social housing scheme with USD 2.53 billion in its plan to provide affordable housing to the low-income groups in turkey. In this project, the government projects to provide homes to 1,00,000 families. Some of the other main projects include The Canakkale Bridge, the longest main span of any suspension bridge in the world with an investment of USD 1.2 billion.

Turkey Prefabricated Buildings Market 1

Concrete Holds Largest Share in the Market

Precast concrete holds the largest share in the market driven by the increase in the off-site construction activity. The rampant infrastructure development held by the government in the country has driven the high demand for supporting materials such as concrete which is also quite large. It is also expected to exhibit growth with a rise in non-residential and residential construction due to rising urbanization. This growth can be attributed to the increasing awareness amongst builders, architects, constructors, and end-users regarding the advantages of using precast concrete. The precast concrete construction technology is one of the most promising solutions to deal with the rising demand for housing and infrastructure construction.

Turkey Prefabricated Buildings Market 2

Competitive Landscape

The report covers the major players operating in the Turkey Prefabricated Buildings Industry. The market is highly competitive and is fragmented. The market is expected to grow during the forecast period due to the increase in the prefab construction building investments and up-coming major projects in the country and other few factors that are driving the market. Prefabricated building systems and construction hold high potential to improve the efficiency and performance of the Turkey construction industry in a more sustainable sense. Prefabrik Yapı A.Ş., pioneering the sector in Turkey, uses one of the most advanced technologies in the construction sector in the production of the prefab buildings. The surfaces are covered with environment friendly, A-1 class incombustible TurkSiding, and HekimBoard.

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definitions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Current Market Scenario

    2. 4.2 Technological Trends

    3. 4.3 Insights on Supply Chain/Value Chain Analysis of the Prefabricated Buildings Industry

    4. 4.4 Brief on Different Structures Used in the Prefabricated Buildings Industry

    5. 4.5 Cost Structure Analysis of the Prefabricated Buildings Industry

    6. 4.6 Impact of COVID 19

  5. 5. MARKET DYNAMICS

    1. 5.1 Drivers

    2. 5.2 Restraints

    3. 5.3 Opportunitites

    4. 5.4 Porter's Five Forces Analysis

      1. 5.4.1 Bargaining Power of Suppliers

      2. 5.4.2 Bargaining Power of Consumers / Buyers

      3. 5.4.3 Threat of New Entrants

      4. 5.4.4 Threat of Substitute Products

      5. 5.4.5 Intensity of Competitive Rivalry

  6. 6. MARKET SEGMENTATION

    1. 6.1 Material Type

      1. 6.1.1 Concrete

      2. 6.1.2 Glass

      3. 6.1.3 Metal

      4. 6.1.4 Timber

      5. 6.1.5 Other Material Types

    2. 6.2 Application

      1. 6.2.1 Residential

      2. 6.2.2 Commercial

      3. 6.2.3 Other Applications ( Industrial, Institutional, and Infrastructure)

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Overview (Market Concentration and Major Players)

    2. 7.2 Company Profiles

      1. 7.2.1 Prefabrik Yapı A.Ş

      2. 7.2.2 Karmond Prefabricated Technologies

      3. 7.2.3 APCON

      4. 7.2.4 Nayap

      5. 7.2.5 IC ICTAS INSAAT SANAYI VE TICARET ANONIM SIRKETI

      6. 7.2.6 YUKSEL YAPI YATIRIM A S

      7. 7.2.7 RC RONESANS INSAAT TAAHHUT ANONIM SIRKETI

      8. 7.2.8 Dorce

      9. 7.2.9 Vefa Holding A.S

      10. 7.2.10 NUROL INSAAT VE TICARET ANONIM SIRKETI *

      3. *List Not Exhaustive

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

  9. 9. APPENDIX

    1. 9.1 Marcroeconomic Indicators (GDP breakdown by sector, Contribution of construction to economy, etc.)

    2. 9.2 Key Production , Consumption,Exports & import statistics of construction Materials

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Frequently Asked Questions

The Turkey Prefabricated Buildings Industry market is studied from 2016 - 2026.

The Turkey Prefabricated Buildings Industry is growing at a CAGR of 4.5% over the next 5 years.

Prefabrik Yapı A.Ş, Nayap, Karmond, APCON, IC ICTAS INSAAT SANAYI VE TICARET ANONIM SIRKETI, RC RONESANS INSAAT TAAHHUT ANONIM SIRKETI are the major companies operating in Turkey Prefabricated Buildings Industry.

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