The market is dominated by foreign suppliers, as imports account for 97.3% of total market size in 2023. B2B drives market demand, with B2B spending representing 64.7% of total demand in 2023. Turkey has the eighth largest market size for bearings, gears, and driving elements regionally, with demand reaching USD2.1 billion in 2023. Ortadogu Rulman San ve Tic AS is the largest company in Turkey, generating 8.2% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 9.6% of total production value in 2023. The total number of companies increases in 2023, to 1,527 units. The costs of the industry increase by 27% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 29.7% of production value in 2023, the highest regionally. The industry’s exports share increases in 2023 to 95.1% of total production output. With production value of USD1.4 billion, Turkey accounts for 2.8% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Bearings, Gears, and Driving Elements in Turkey: ISIC 2913. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bearings, Gears, and Driving Elements in Turkey: ISIC 2913 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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