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Published: Jan, 2017 | Pages:
88 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)
Synopsis Timetric's Construction in Turkey, Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the Turkish construction industry, including: • The Turkish construction industry's growth prospects by market, project type and construction activity • Analysis of equipment, material and service costs for each project type in Turkey • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Turkish construction industry • Profiles of the leading operators in the Turkish construction industry • Data highlights of the largest construction projects in Turkey Summary In real terms, the Turkish construction industry is expected to perform better over the forecast period (2016-2020) than during the review period (2011-2015). The industry's forecast-period growth will be driven by public and private sector investments in infrastructure, energy, residential and industrial construction projects. Growth will also be spurred on by the country's Vision 2023, under which the government aims to develop the country into one of the world's largest economies by 2023. According to the Turkish Statistical Institute (TurkStat), the seasonal and calendar-adjusted average construction production index at a 2010 base prices grew by 1.8%, from 124.5 in 2014 to 126.7 in 2015, while the seasonally and calendar-adjusted construction turnover index rose by 0.5% from 132.9 to 133.6. The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 5.19% over the forecast period, up from 2.91% during the review period. To achieve growth the industry will have to tackle the challenge of rising costs and terrorism. According to TurkStat, the country's average building construction cost index rose by 5.9%, from 199.3 in 2014 to 211.0 in 2015. The labor cost index grew by 8.3% from 220.7 in 2014 to 239.0 in 2015, while the materials cost index grew by 5.2% from 193.8 to 203.8. The country faces security risks due to terrorist attacks, which are expected to weigh on growth potential over the forecast period. Scope This report provides a comprehensive analysis of the construction industry in Turkey. It provides: • Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in Turkey using construction output and value-add methods • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services) • Analysis of key construction industry issues, including regulation, cost management, funding and pricing • Detailed profiles of the leading construction companies in Turkey Key Highlights • In terms of building permits, there has been clear evidence of improvement in residential and non-residential construction, according to data from TurkStat. The total number of building permits issued grew by 5.0%, from 89,577 in January-September 2015 to 94,015 in January-September 2016. This was preceded by an annual contraction of 12.3% in 2015. • To finance infrastructure construction projects, including airport, rail, road and seaports, Turkey's parliament approved the national Sovereign Wealth Fund (SWF) in August 2016. Through this the government aims to resolve financing issues for mega construction projects that do not have a build-operate-finance model. The fund is expected to lead to the announcement of more infrastructure projects over the forecast period. • The forecast-period growth of the energy and utilities construction market will be supported by government plans to develop the country's energy infrastructure. According to the Investment Support and Promotion Agency of Turkey (ISPAT), the country's total installed electricity capacity is expected to increase from 74GW in 2015 to 120GW by 2023. To achieve this target, based on the capacity and type of the energy generation facility, the government is offering incentives license exemptions, purchase guarantees, feed-in-tariffs and connection priorities. • To cope with an expected rise in passenger, cargo and air traffic, and to maintain the high quality of transport infrastructure, the government is focused on the expansion and modernization of airport infrastructure. Accordingly, the Cengiz-Kolin-Limak-Mapa-Kalyon consortium is constructing the one of the world's largest airports - Istanbul New Airport. • The industry's growth will be driven by the government's plan to increase the share of renewable energy in terms of total installed power capacity, encouraging investment in renewable energy infrastructure. The government aims to increase the share of renewable sources to 30.0% of the country's total installed power capacity by 2023. Reasons To Buy • Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies. • Assess market growth potential at a micro-level with over 600 time-series data forecasts. • Understand the latest industry and market trends. • Formulate and validate strategy using Timetric's critical and actionable insight. • Assess business risks, including cost, regulatory and competitive pressures. • Evaluate competitive risk and success factors.
Table of Contents 1 Executive Summary 2 Industry Outlook 2.1 Commercial Construction 2.2 Industrial Construction 2.3 Infrastructure Construction 2.4 Energy and utilities Construction 2.5 Institutional Construction 2.6 Residential Construction 3 Key Issues and Developments 4 Market Data Analysis 4.1 Construction Output and Value Add 4.1.1 Construction output by project type 4.1.2 Construction output by cost type 4.1.3 Construction output by activity type 4.1.4 Construction value add by project type 4.2 Commercial Construction 4.2.1 Commercial construction output by project type 4.2.2 Commercial construction output by cost type 4.2.3 Commercial construction output by activity type 4.2.4 Commercial construction value add by project type 4.3 Industrial Construction 4.3.1 Industrial construction output by project type 4.3.2 Industrial construction output by cost type 4.3.3 Industrial construction output by activity type 4.3.4 Industrial construction value add by project type 4.4 Infrastructure Construction 4.4.1 Infrastructure construction output by project type 4.4.2 Infrastructure construction output by cost type 4.4.3 Infrastructure construction output by activity type 4.4.4 Infrastructure construction value add by project type 4.5 Energy and utilities Construction 4.5.1 Energy and utilities construction output by project type 4.5.2 Energy and utilities construction output by cost type 4.5.3 Energy and utilities construction output by activity type 4.5.4 Energy and utilities construction value add by project type 4.6 Institutional Construction 4.6.1 Institutional construction output by project type 4.6.2 Institutional construction output by cost type 4.6.3 Institutional construction output by activity type 4.6.4 Institutional construction value add by project type 4.7 Residential Construction 4.7.1 Residential construction output by project type 4.7.2 Residential construction output by cost type 4.7.3 Residential construction output by activity type 4.7.4 Residential construction value add by project type 5 Company Profile: ENKA Insaat ve Sanayi AS 5.1 ENKA Insaat ve Sanayi AS - Company Overview 5.2 ENKA Insaat ve Sanayi AS - Business Description 5.3 ENKA Insaat ve Sanayi AS - Main Products and Services 5.4 ENKA Insaat ve Sanayi AS - History 5.5 ENKA Insaat ve Sanayi AS - Company Information 5.5.1 ENKA Insaat ve Sanayi AS - key competitors 5.5.2 ENKA Insaat ve Sanayi AS - key employees 6 Company Profile: GAMA Holding AS 6.1 GAMA Holding AS - Company Overview 6.2 GAMA Holding AS - Business Description 6.3 GAMA Holding AS - Main Services 6.4 GAMA Holding AS - History 6.5 GAMA Holding AS - Company Information 6.5.1 GAMA Holding AS - key competitors 6.5.2 GAMA Holding AS - key employees 7 Company Profile: Tekfen Holding Co., Inc. 7.1 Tekfen Holding Co., Inc. - Company Overview 7.2 Tekfen Holding Co., Inc. - Business Description 7.3 Tekfen Holding Co., Inc. - Main Products and Services 7.4 Tekfen Holding Co., Inc. - History 7.5 Tekfen Holding Co., Inc. - Company Information 7.5.1 Tekfen Holding Co., Inc. - key competitors 7.5.2 Tekfen Holding Co., Inc. - key employees 8 Company Profile: Kolin Insaat Turizm Sanayi ve Ticaret AS 8.1 Kolin Insaat Turizm Sanayi ve Ticaret AS - Company Overview 8.2 Kolin Insaat Turizm Sanayi ve Ticaret AS - Main Services 8.3 Kolin Insaat Turizm Sanayi ve Ticaret AS - History 8.4 Kolin Insaat Turizm Sanayi ve Ticaret AS - Company Information 8.4.1 Kolin Insaat Turizm Sanayi ve Ticaret AS - key competitors 8.4.2 Kolin Insaat Turizm Sanayi ve Ticaret AS - key employees 9 Company Profile: Yapi Merkezi Holding Inc. 9.1 Yapi Merkezi Holding Inc. - Company Overview 9.2 Yapi Merkezi Holding Inc. - Business Description 9.3 Yapi Merkezi Holding Inc. - Main Products and Services 9.4 Yapi Merkezi Holding Inc. - History 9.5 Yapi Merkezi Holding Inc. - Company Information 9.5.1 Yapi Merkezi Holding Inc. - key competitors 9.5.2 Yapi Merkezi Holding Inc. - key employees 10 Appendix 10.1 What is this Report About? 10.2 Definitions 10.3 Methodology 10.4 Contact Timetric 10.5 About Timetric 10.6 Timetric's Services 10.7 Disclaimer
List of Tables Table 1: Turkish Construction Output by Project Type (TRY Million), 2011-2015 Table 2: Turkish Construction Output by Project Type (TRY Million), 2015-2020 Table 3: Turkish Construction Output by Cost Type (TRY Million), 2011-2015 Table 4: Turkish Construction Output by Cost Type (TRY Million), 2015-2020 Table 5: Turkish Construction Output by Activity (TRY Million), 2011-2015 Table 6: Turkish Construction Output by Activity Type (TRY Million), 2015-2020 Table 7: Turkish Construction Value Add by Project Type (TRY Million), 2011-2015 Table 8: Turkish Construction Value Add by Project Type (TRY Million), 2015-2020 Table 9: Turkish Commercial Construction Output by Project Type (TRY Million), 2011-2015 Table 10: Turkish Commercial Construction Output by Project Type (TRY Million), 2015-2020 Table 11: Turkish Commercial Construction Output by Cost Type (TRY Million), 2011-2015 Table 12: Turkish Commercial Construction Output by Cost Type (TRY Million), 2015-2020 Table 13: Turkish Commercial Construction Output by Activity (TRY Million), 2011-2015 Table 14: Turkish Commercial Construction Output by Activity Type (TRY Million), 2015-2020 Table 15: Turkish Commercial Construction Value Add by Project Type (TRY Million), 2011-2015 Table 16: Turkish Commercial Construction Value Add by Project Type (TRY Million), 2015-2020 Table 17: Turkish Industrial Construction Output by Project Type (TRY Million), 2011-2015 Table 18: Turkish Industrial Construction Output by Project Type (TRY Million), 2015-2020 Table 19: Turkish Industrial Construction Output by Cost Type (TRY Million), 2011-2015 Table 20: Turkish Industrial Construction Output by Cost Type (TRY Million), 2015-2020 Table 21: Turkish Industrial Construction Output by Activity (TRY Million), 2011-2015 Table 22: Turkish Industrial Construction Output by Activity Type (TRY Million), 2015-2020 Table 23: Turkish Industrial Construction Value Add by Project Type (TRY Million), 2011-2015 Table 24: Turkish Industrial Construction Value Add by Project Type (TRY Million), 2015-2020 Table 25: Turkish Infrastructure Construction Output by Project Type (TRY Million), 2011-2015 Table 26: Turkish Infrastructure Construction Output by Project Type (TRY Million), 2015-2020 Table 27: Turkish Infrastructure Construction Output by Cost Type (TRY Million), 2011-2015 Table 28: Turkish Infrastructure Construction Output by Cost Type (TRY Million), 2015-2020 Table 29: Turkish Infrastructure Construction Output by Activity (TRY Million), 2011-2015 Table 30: Turkish Infrastructure Construction Output by Activity Type (TRY Million), 2015-2020 Table 31: Turkish Infrastructure Construction Value Add by Project Type (TRY Million), 2011-2015 Table 32: Turkish Infrastructure Construction Value Add by Project Type (TRY Million), 2015-2020 Table 33: Turkish Energy and utilities Construction Output by Project Type (TRY Million), 2011-2015 Table 34: Turkish Energy and utilities Construction Output by Project Type (TRY Million), 2015-2020 Table 35: Turkish Energy and utilities Construction Output by Cost Type (TRY Million), 2011-2015 Table 36: Turkish Energy and utilities Construction Output by Cost Type (TRY Million), 2015-2020 Table 37: Turkish Energy and utilities Construction Output by Activity (TRY Million), 2011-2015 Table 38: Turkish Energy and utilities Construction Output by Activity Type (TRY Million), 2015-2020 Table 39: Turkish Energy and utilities Construction Value Add by Project Type (TRY Million), 2011-2015 Table 40: Turkish Energy and utilities Construction Value Add by Project Type (TRY Million), 2015-2020 Table 41: Turkish Institutional Construction Output by Project Type (TRY Million), 2011-2015 Table 42: Turkish Institutional Construction Output by Project Type (TRY Million), 2015-2020 Table 43: Turkish Institutional Construction Output by Cost Type (TRY Million), 2011-2015 Table 44: Turkish Institutional Construction Output by Cost Type (TRY Million), 2015-2020 Table 45: Turkish Institutional Construction Output by Activity (TRY Million), 2011-2015 Table 46: Turkish Institutional Construction Output by Activity Type (TRY Million), 2015-2020 Table 47: Turkish Institutional Construction Value Add by Project Type (TRY Million), 2011-2015 Table 48: Turkish Institutional Construction Value Add by Project Type (TRY Million), 2015-2020 Table 49: Turkish Residential Construction Output by Project Type (TRY Million), 2011-2015 Table 50: Turkish Residential Construction Output by Project Type (TRY Million), 2015-2020 Table 51: Turkish Residential Construction Output by Cost Type (TRY Million), 2011-2015 Table 52: Turkish Residential Construction Output by Cost Type (TRY Million), 2015-2020 Table 53: Turkish Residential Construction Output by Activity (TRY Million), 2011-2015 Table 54: Turkish Residential Construction Output by Activity Type (TRY Million), 2015-2020 Table 55: Turkish Residential Construction Value Add by Project Type (TRY Million), 2011-2015 Table 56: Turkish Residential Construction Value Add by Project Type (TRY Million), 2015-2020 Table 57: ENKA Insaat ve Sanayi AS, Key Facts Table 58: ENKA Insaat ve Sanayi AS, Main Products and Services Table 59: ENKA Insaat ve Sanayi AS, History Table 60: ENKA Insaat ve Sanayi AS, Key Employees Table 61: GAMA Holding AS, Key Facts Table 62: GAMA Holding AS, Main Services Table 63: GAMA Holding AS, History Table 64: GAMA Holding AS, Key Employees Table 65: Tekfen Holding Co., Inc., Key Facts Table 66: Tekfen Holding Co., Inc., Main Products and Services Table 67: Tekfen Holding Co., Inc., History Table 68: Tekfen Holding Co., Inc., Key Employees Table 69: Kolin Insaat Turizm Sanayi ve Ticaret AS, Key Facts Table 70: Kolin Insaat Turizm Sanayi ve Ticaret AS, Main Services Table 71: Kolin Insaat Turizm Sanayi ve Ticaret AS, History Table 72: Kolin Insaat Turizm Sanayi ve Ticaret AS, Key Employees Table 73: Yapi Merkezi Holding Inc., Key Facts Table 74: Yapi Merkezi Holding Inc., Main Products and Services Table 75: Yapi Merkezi Holding Inc., History Table 76: Yapi Merkezi Holding Inc., Key Employees Table 77: Timetric Construction Market Definitions
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