The market is dominated by domestic suppliers, as imports account for 17.8% of total market size in 2023. Investments drive market demand, with investments representing 79.8% of total demand in 2023. Turkey has the third largest market size for engines and turbines, except aircraft, vehicle and cycle engines regionally, with demand reaching USD5.3 billion in 2023. Turkiye Elektromekanik San AS is the largest company in Turkey, generating 1.2% of the industry’s total production value in 2023. The industry is fragmented, with the top four companies generating 2.2% of total production value in 2023. The total number of companies increases in 2023, to 1,429 units. The costs of the industry increase by 23.6% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 37.9% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 2.9% of total production output. With production value of USD2.7 billion, Turkey accounts for 5.5% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in Turkey: ISIC 2911. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in Turkey: ISIC 2911 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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