The market is dominated by domestic suppliers, as imports account for 49.3% of total market size in 2023. B2B drives market demand, with B2B spending representing 56.2% of total demand in 2023. Turkey has the sixth largest market size for cutlery, hand tools and general hardware regionally, with demand reaching USD4.0 billion in 2023. Kale Kilit Ve Kalip San AS is the largest company in Turkey, generating 3.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 6.9% of total production value in 2023. The total number of companies increases in 2023, to 9,971 units. The costs of the industry increase by 21% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 35.1% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 47.2% of total production output. With production value of USD3.3 billion, Turkey accounts for 5.8% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Cutlery, Hand Tools and General Hardware in Turkey: ISIC 2893. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Cutlery, Hand Tools and General Hardware in Turkey: ISIC 2893 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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