Turkey Construction Market Size & Share 2023 to 2032
Market Size by Type (Residential, Commercial, Industrial, Infrastructure & Heavy Civil, Institutional, Mixed-Use Construction, Specialized, Renovation/Remodeling Construction, Environmental), End Use, Contracting Type, Scale & Forecast.
Report ID: GMI6253
|
Published Date: July 2023
|
Report Format: PDF
Download Free PDF
Authors:
Avinash Singh, Sunita Singh
Turkey Construction Market Size
Turkey Construction Market size valued at USD 50.71 billion in 2022 and is projected to grow at a CAGR of over 5% between 2023 and 2032, influenced by the escalating urbanization and population growth. As more people migrate to urban areas, there is a substantial surge in the demand for housing and urban infrastructure. Various factors, such as better economic prospects, improved access to education and healthcare, and an enhanced quality of life, contribute to this trend. To meet the demands of urbanization and population expansion, the construction sector assumes a pivotal role in erecting essential residential, commercial, and public infrastructure.
Turkey Construction Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
The Turkish Government has fully embraced the idea of smart cities and has taken proactive steps to incorporate cutting-edge technologies into urban infrastructure. These initiatives center around the strategic planning and design of cities with an emphasis on digital connectivity, intelligent systems, and sustainable approaches. As a crucial participant in this transformation, the construction industry assumes a vital role in actualizing the physical infrastructure necessary for smart city projects. This involves tasks like installing sensors, establishing communication networks, and implementing smart grids to support and enable the smart city vision.
The Turkey construction market in can be significantly influenced by alterations in government policies. Any changes in regulations, construction codes, taxation, or procurement processes can introduce uncertainties that impact project timelines, expenses, and profitability. In response to these evolving policies, construction companies must be flexible and adept at navigating the shifting landscape, which may present challenges and necessitate adjustments to their business strategies.
COVID-19 Impact
During the COVID-19 pandemic, construction activities were disrupted owing to lockdown measures, supply chain disruptions, and labor shortages. Construction sites were temporarily closed or operated at reduced capacity during the peak of the pandemic, leading to project delays, increased costs, and logistical challenges. Projects in the hospitality, retail, and commercial sectors experienced delays or cancellations due to decreased demand and uncertain market conditions. On the other hand, there was an increased focus on healthcare infrastructure, such as hospitals and medical facilities, to address the immediate needs brought about by the pandemic.
Turkey Construction Market Trends
Turkey has been investing heavily in infrastructure projects, including roads, bridges, airports, and railways. The government's focus on improving transportation networks and urban infrastructure is driving significant construction activity in the country. Moreover, Turkey's rapid urbanization has led to the development of smart cities and the implementation of innovative technologies in construction projects. Smart city initiatives aim to improve the quality of life, enhance sustainability, and optimize resource management through the integration of digital infrastructure and smart systems.
Turkey Construction Market Analysis
The residential construction segment held approximately 5% of the Turkey construction market share in 2022 and is anticipated to experience robust growth. According to the Turkish Statistical Institute (TÜK), in 2021, 137,401 houses were sold, up from 119,574 in 2020. This factor can give an edge over other construction types. Turkey is experiencing significant urbanization with the growing population moving to cities in search of better employment opportunities and improved living standards. This demographic trend creates a demand for residential properties including housing developments, apartment complexes, and residential infrastructure projects.
The private sector segment captured about 69.24% share of the Turkey construction industry in 2022 and is poised to observe gains at nearly 4.5% up to 2032. Turkey's growing economy and better employment opportunities have boosted disposable incomes, allowing more people to invest in private construction ventures like buying homes, property renovations, and constructing commercial establishments.
Turkey Construction Contracting Type Segmentation
The general contracting segment of Turkey construction market reached USD 25 billion in 2022. Turkey's growing population and urbanization are driving the demand for new infrastructure, residential properties, commercial buildings, and public facilities. General contractors are essential in meeting this demand as they oversee and manage construction projects of various sizes and complexities. Additionally, the Turkish government has been investing significantly in infrastructure development including transportation networks, energy projects, and public services.
Turkey Construction Market Share
Major companies operating in the Turkey construction market include :
Turkey Construction Industry News
This market research report on Turkey construction includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments:
Click here to Buy Section of this Report
By Type
By End-Use
By Contracting Type
By Scale
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →