The market is dominated by foreign suppliers, as imports account for 79.3% of total market size in 2023. Investments drive market demand, with investments representing 62.4% of total demand in 2023. Turkey has the largest market size for machinery for textile and apparel production regionally, with demand reaching USD4.3 billion in 2023. Canlar Mekatronik San ve Tic AS is the largest company in Turkey, generating 5.8% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 17.9% of total production value in 2023. The total number of companies increases in 2023, to 1,471 units. The costs of the industry increase by 1.6% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 44.7% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 42.9% of total production output. With production value of USD1.2 billion, Turkey accounts for 6.6% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Machinery for Textile and Apparel Production in Turkey: ISIC 2926. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Textile and Apparel Production in Turkey: ISIC 2926 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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