Government Infrastructure Expenditure to Fuel Turkish Construction Industry: Ken Research
Ken Research has announced its
distribution on, “Construction in Turkey, Key
Trends and Opportunities to 2020” which
provides detailed market analysis,
information and insights into the Turkish construction industry. The report
furnishes critical insight into the impact of industry trends
and issues, and the threats and opportunities they present to participants in
the industry and profiles of the leading operators in the Turkish construction
industry.
It produces historical and forecast figure valuations of the
construction industry in Turkey by using construction output and value-add
methods. Analysis of key construction industry issues, including regulation,
cost management, funding and pricing is properly conducted in the report.
It gets easier to
recognize and assess the market opportunities using standardized valuation and
forecasting methodologies and well evaluates market growth potential at a
micro-level with over 600 time-series data forecasts through an in-depth
understanding of the latest industry and market trends.
The business risks,
including cost, regulatory and competitive pressures, especially competitive
risk and success factors are properly studied in the report and aid in further
execution of a successful corporate strategy that leads to revenue generation.
According to the
Turkish Statistical Institute, the seasonal and calendar-adjusted average
construction production index at a 2010 base price propagated by 1.8% in 2015,
while the seasonally and calendar-adjusted construction turnover index ascended
by 0.5%, ultimately showing and promising an ameliorated performance as the
years pass by.
The country's
average building construction cost index increased by 5.9%, labor cost index
rose by 8.3%, while the materials cost index grew by 5.2% in 2015. Terrorism
and cost inflation challenges were needed to be confronted for achieving fast
development of the industry.
There has been a
clear proof of betterment in residential and non-residential construction. The
total number of building permits issued rose by 5.0%, from 89,577 in
January-September 2015 to 94,015 in January-September 2016 which was also
predated by an annual contraction of 12.3% in 2015.
Turkey's parliament
approved the national Sovereign Wealth Fund (SWF) in August 2016 to finance
infrastructure construction projects that do not have a build-operate-finance
model. The fund is forecasted to lead to the announcement of more
infrastructure projects in the coming years.
The construction
industry is forecasted to perform better over the forecast period than during
the review period. The industry's forecast-period growth is expected to be
driven by public and private sector investments in infrastructure, energy,
residential and industrial construction projects.
The country's total
installed electricity capacity is forecasted to rise by 2023. The
forecast-period growth of the energy and utilities construction market will be
supported by government plans to develop the country's energy infrastructure
proposing incentives, license exemptions, purchase guarantees, feed-in-tariffs
and connection priorities.
The industry is
expected to flourish 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 and aim to increase the share of
renewable sources to 30.0% of the country's total installed power capacity by
2023 has been set by the concerned government authorities.
Companies Covered
ENKA
Insaat ve Sanayi AS , GAMA Holding AS , Tekfen Holding Co., Inc., Kolin Insaat
Turizm Sanayi ve Ticaret AS , Yapi Merkezi Holding Inc.
Key Factors
Considered in the Report
Turkey construction Industry Research Report
Turkey Institutional Construction market
New Institutional projects Turkey
Turkey Construction Market Players
Turkey Infrastructure Industry Trends
Turkey Residential Construction Sector
Turkey Real Estate Industry
For more coverage click on the link below:
https://www.kenresearch.com/manufacturing-and-construction/infrastructure/construction-turkey-key-trends/80403-97.html
Related links:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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