Market Trends of Turkey Third Party Logistics (3PL) Industry
This section covers the major market trends shaping the Turkey Third Party Logistics (3PL) Market according to our research experts:
Development in Railways Connectivity
Rail infrastructure in Turkey plays a key role in the country's expansion and strengthening of its position. In order to ensure better incorporation of all transport networks for commercial operations, Turkey will be establishing logistic centres extending along 294 km of junction line, organized industrial zones, ports and free trade zones. With the construction of the privately-run inland cargo terminal, the Turkish industrial companies will get a new competitive mode of transporting to large distances.
Establishment of New Logistics Facilities Boosting the Market
Turkey is one of the fastest-growing and most conspicuous markets and looking to establish new trade routes in its fast-tracked efforts by building new logistics centres to handle trade flow of value over USD 2 trillion by the year 2025. China, being one of the major import partners of Turkey has affected the imports in the country fall along with a sharp increase in the import cost bundled with shipping backlogs and production delays for the Turkish imports. Apart from the effects of COVID-19, the Turkish economy is planning on expanding and outreaching the services in the logistics market.
- The Turkish government has plans to open 21 logistics centres at the crossroads of the Silk Road, enabling it to handle trade flow worth over USD 2 billion as part of the modern Silk Road, which is being strengthened by China.
- DHL Express announced the development of a new fully automated operation centre at Istanbul Airport, with an investment of 135 million euros covering an area of 42,000 sq. meters.
- In May 2019, DSV opened a new 45,000 sq. meters logistics facility in Istanbul equipped with all warehousing operations in the area, catering to automotive, FMCG, aerospace and fashion industry.
- In December 2019, considering the new Free Trade Agreement among the African countries, Turkey has ramped up efforts to expand its operations on the continent by establishing trade and logistics centres.
