Construction in Turkey - Key Trends and Opportunities to 2018

Published: Oct, 2014 | Pages: 81 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This 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 in 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
The Turkish construction industry increased at a compound annual growth rate (CAGR) of 12.60% during the review period (2009-2013). Despite the eurozone crisis, the country's construction industry has outperformed its neighbouring countries, having been supported by private and public investments in infrastructure, residential and institutional construction projects. Infrastructure construction activity increased with government investment and private sector participation through public-private partnerships (PPPs). Several infrastructure projects have been implemented under the PPP model, and a number of projects are presently underway - particularly in transport infrastructure. Industry growth is expected to continue over the forecast period (2014-2018), as a result of both the government's focus on developing physical and social infrastructure in the country, and an anticipated recovery in the global economy. Consequently, the industry is anticipated to post a forecast-period CAGR of 8.07%. 
Scope
This report provides a comprehensive analysis of the construction industry in Turkey. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Turkey using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, 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 
Reason 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 business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors 
Key Highlights
 According to the Investment Support and Promotion Agency of Turkey (ISPAT), the country's demand for electricity is projected to increase over the forecast period, with the country expanding its electricity generation capacity in order to meet this demand. Accordingly, Turkey's total installed power capacity is expected to increase from 57,059.0MW in 2012 to 125,000.0MW by 2023. According to ISPAT estimates, a TRY226.9 billion (US$120.0 billion) investment is needed on new power plants by 2023, in order to address the country's growing energy demand. Consequently, this investment is expected to support construction activities in the energy and communications category over the forecast period.
With the aim of transform the country into a world-class economy by 2023, the Turkish government allocated TRY49.2 billion (US$26.0 billion) towards various infrastructure projects in 2013. Of the total budget, TRY14.6 billion (US$7.7 billion) will be spent on transport infrastructure; as part of the government's vision to become the 10th-fastest-growing economy in the world by 2023, the total length of highways in the country is expected to increase from 2,236.0km in 2012 to 7,500.0km by 2023. In addition, the total length of high-speed rail line is expected to increase from 888.0km to 10,000.0km over the same period.
According to the Turkish Prime Minister, 72.0% of the country's energy needs are fulfilled by imports. In order to reduce its reliance on imported energy, the government is focused on developing renewable and nuclear energy sources, which will boost the country's construction industry and economy. The government announced plans to construct three nuclear power stations in the country by 2023.
The industrial construction market is expected to expand over the forecast period, driven by the country's growing manufacturing industry, which is one of the vital pillars for the domestic economy. According to ISPAT, Turkey's manufacturing industry has grown at a CAGR of 12.00% since 2003, and reached TRY185.0 billion (US$103.0 billion) in 2012. According to the Economic Policy Research Foundation of Turkey, the government plans to increase the manufacturing industry's share in the country's GDP from 15.6% in 2012 to 16.5% in 2018 under the 10th development plan (2014-2018), which will support the growth of industrial construction over the forecast period.
Owing to the adoption of the build, operate and transfer (BOT) model, which supports the active participation of the private sector in public construction, Turkey has recorded solid investment growth in infrastructure projects. Accordingly, under this model, the Turkish government announced its plan in 2013 to construct the world's largest airport in Istanbul, with an expected investment of TRY13.2 billion (US$7.0 billion).

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: ENKA Insaat ve Sayi AS
8.1 ENKA Insaat ve Sayi AS - Company Overview
8.2 ENKA Insaat ve Sayi AS - Business Description
8.3 ENKA Insaat ve Sayi AS - Main Products and Services
8.4 ENKA Insaat ve Sayi AS - History
8.5 ENKA Insaat ve Sayi AS - Company Information
8.5.1 ENKA Insaat ve Sayi AS - key competitors
8.5.2 ENKA Insaat ve Sayi AS - key employees
9 Company Profile: Calik Holding AS
9.1 Calik Holding AS - Company Overview
9.2 Calik Holding AS - Main Services
9.3 Calik Holding AS - History
9.4 Calik Holding AS - Company Information
9.4.1 Calik Holding AS - key competitors
9.4.2 Calik Holding AS - key employees
10 Company Profile: Tekfen Holding Co., Inc.
10.1 Tekfen Holding Co., Inc. - Company Overview
10.2 Tekfen Holding Co., Inc. - Business Description
10.3 Tekfen Holding Co., Inc. - Main Products and Services
10.4 Tekfen Holding Co., Inc. - History
10.5 Tekfen Holding Co., Inc. - Company Information
10.5.1 Tekfen Holding Co., Inc. - key competitors
10.5.2 Tekfen Holding Co., Inc. - key employees
11 Company Profile: Alarko Holding AS
11.1 Alarko Holding AS - Company Overview
11.2 Alarko Holding AS - Business Description
11.3 Alarko Holding AS - Main Services
11.4 Alarko Holding AS - History
11.5 Alarko Holding AS - Company Information
11.5.1 Alarko Holding AS - key competitors
11.5.2 Alarko Holding AS - key employees
12 Company Profile: Yapi Merkezi Holding Inc.
12.1 Yapi Merkezi Holding Inc. - Company Overview
12.2 Yapi Merkezi Holding Inc. - Business Description
12.3 Yapi Merkezi Holding Inc. - Main Products and Services
12.4 Yapi Merkezi Holding Inc. - History
12.5 Yapi Merkezi Holding Inc. - Company Information
12.5.1 Yapi Merkezi Holding Inc. - key competitors
12.5.2 Yapi Merkezi Holding Inc. - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is This Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - SIKF - Su Kirac Cultural Center - Tepebasi
Table 3: Commercial Construction Project 2 - TAO Gayrimenkul - Tao Office Tower - Istanbul
Table 4: Commercial Construction Project 3 - OG - Aegean Holiday Resort - Izmir Province
Table 5: Industrial Construction Project 1 - Kardemir - Filyos Iron and Steel Plant - Turkey
Table 6: Industrial Construction Project 2 - KSE - Kazan Soda Ash Production Complex - Ankara Province
Table 7: Industrial Construction Project 3 - Bayegan - Polypropylene Production Plant - Turkey
Table 8: Infrastructure Construction Project 1 - UBAK/MoTA/MTCKg/MoTCK/MoTC - TAKKK Railway Corridor Development - Turkey
Table 9: Infrastructure Construction Project 2 - TCDD/MoT Chi - Edirne to Kars High-Speed Rail Line - Turkey
Table 10: Infrastructure Construction Project 3 - GDH - Gebze-Orhangazi-Izmir Motorway - Turkey
Table 11: Institutiol Construction Project 1 - BCDco/TOKI/EPP/MoUE - Istanbul Bio Istanbul Medical Science Park - Turkey
Table 12: Institutiol Construction Project 2 - MoH - Ankara Etlik Hospital Complex - Turkey
Table 13: Institutiol Construction Project 3 - MoH - Ankara Bilkent Integrated Health Campus - Turkey
Table 14: Residential Construction Project 1 - SH - Gaziantep Apartments Complex - Turkey
Table 15: Residential Construction Project 2 - Tasyapi - Tasyapi Seyrantepe Tower - Istanbul
Table 16: Residential Construction Project 3 - Regnum - Beylikduzu Astrum Towers - Istanbul
Table 17: Enka Insaat ve Sayi AS, Key Facts
Table 18: Enka Insaat ve Sayi AS, Main Products and Services
Table 19: Enka Insaat ve Sayi AS, History
Table 20: Enka Insaat ve Sayi AS, Key Employees
Table 21: Calik Holding AS, Key Facts
Table 22: Calik Holding AS, Main Services
Table 23: Calik Holding AS, History
Table 24: Calik Holding AS, Key Employees
Table 25: Tekfen Holding Co., Inc., Key Facts
Table 26: Tekfen Holding Co., Inc., Main Products and Services
Table 27: Tekfen Holding Co., Inc., History
Table 28: Tekfen Holding Co., Inc., Key Employees
Table 29: Alarko Holding AS, Key Facts
Table 30: Alarko Holding AS, Main Services
Table 31: Alarko Holding AS, History
Table 32: Alarko Holding AS, Key Employees
Table 33: Yapi Merkezi Holding Inc., Key Facts
Table 34: Yapi Merkezi Holding Inc., Main Products and Services
Table 35: Yapi Merkezi Holding Inc., History
Table 36: Yapi Merkezi Holding Inc., Key Employees
Table 37: Turkish Construction Output by Project Type (TRY Million), 2009-2013
Table 38: Turkish Construction Output by Project Type (TRY Million), 2013-2018
Table 39: Turkish Construction Output by Cost Type (TRY Million), 2009-2013
Table 40: Turkish Construction Output by Cost Type (TRY Million), 2013-2018
Table 41: Turkish Construction Output by Activity Type (TRY Million), 2009-2013
Table 42: Turkish Construction Output by Activity Type (TRY Million), 2013-2018
Table 43: Turkish Construction Value Add by Project Type (TRY Million), 2009-2013
Table 44: Turkish Construction Value Add by Project Type (TRY Million), 2013-2018
Table 45: Turkish Commercial Construction Output by Project Type (TRY Million), 2009-2013
Table 46: Turkish Commercial Construction Output by Project Type (TRY Million), 2013-2018
Table 47: Turkish Commercial Construction Output by Cost Type (TRY Million), 2009-2013
Table 48: Turkish Commercial Construction Output by Cost Type (TRY Million), 2013-2018
Table 49: Turkish Commercial Construction Output by Activity Type (TRY Million), 2009-2013
Table 50: Turkish Commercial Construction Output by Activity Type (TRY Million), 2013-2018
Table 51: Turkish Commercial Construction Value Add by Project Type (TRY Million), 2009-2013
Table 52: Turkish Commercial Construction Value Add by Project Type (TRY Million), 2013-2018
Table 53: Turkish Industrial Construction Output by Project Type (TRY Million), 2009-2013
Table 54: Turkish Industrial Construction Output by Project Type (TRY Million), 2013-2018
Table 55: Turkish Industrial Construction Output by Cost Type (TRY Million), 2009-2013
Table 56: Turkish Industrial Construction Output by Cost Type (TRY Million), 2013-2018
Table 57: Turkish Industrial Construction Output by Activity Type (TRY Million), 2009-2013
Table 58: Turkish Industrial Construction Output by Activity Type (TRY Million), 2013-2018
Table 59: Turkish Industrial Construction Value Add by Project Type (TRY Million), 2009-2013
Table 60: Turkish Industrial Construction Value Add by Project Type (TRY Million), 2013-2018
Table 61: Turkish Infrastructure Construction Output by Project Type (TRY Million), 2009-2013
Table 62: Turkish Infrastructure Construction Output by Project Type (TRY Million), 2013-2018
Table 63: Turkish Infrastructure Construction Output by Cost Type (TRY Million), 2009-2013
Table 64: Turkish Infrastructure Construction Output by Cost Type (TRY Million), 2013-2018
Table 65: Turkish Infrastructure Construction Output by Activity Type (TRY Million), 2009-2013
Table 66: Turkish Infrastructure Construction Output by Activity Type (TRY Million), 2013-2018
Table 67: Turkish Infrastructure Construction Value Add by Project Type (TRY Million), 2009-2013
Table 68: Turkish Infrastructure Construction Value Add by Project Type (TRY Million), 2013-2018
Table 69: Turkish Institutiol Construction Output by Project Type (TRY Million), 2009-2013
Table 70: Turkish Institutiol Construction Output by Project Type (TRY Million), 2013-2018
Table 71: Turkish Institutiol Construction Output by Cost Type (TRY Million), 2009-2013
Table 72: Turkish Institutiol Construction Output by Cost Type (TRY Million), 2013-2018
Table 73: Turkish Institutiol Construction Output by Activity Type (TRY Million), 2009-2013
Table 74: Turkish Institutiol Construction Output by Activity Type (TRY Million), 2013-2018
Table 75: Turkish Institutiol Construction Value Add by Project Type (TRY Million), 2009-2013
Table 76: Turkish Institutiol Construction Value Add by Project Type (TRY Million), 2013-2018
Table 77: Turkish Residential Construction Output by Project Type (TRY Million), 2009-2013
Table 78: Turkish Residential Construction Output by Project Type (TRY Million), 2013-2018
Table 79: Turkish Residential Construction Output by Cost Type (TRY Million), 2009-2013
Table 80: Turkish Residential Construction Output by Cost Type (TRY Million), 2013-2018
Table 81: Turkish Residential Construction Output by Activity Type (TRY Million), 2009-2013
Table 82: Turkish Residential Construction Output by Activity Type (TRY Million), 2013-2018
Table 83: Turkish Residential Construction Value Add by Project Type (TRY Million), 2009-2013
Table 84: Turkish Residential Construction Value Add by Project Type (TRY Million), 2013-2018
Table 85: Timetric Construction Market Definitions