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The freight and logistics market in Turkey is estimated to grow at a CAGR of 7.2% between 2022 and 2027. The size of the market is forecast to increase by USD 10,304.01 million. The growth of the market depends on several factors, including the growing e-commerce industry in Turkey, the growing manufacturing industry, and increasing outsourcing in logistics.
This report extensively covers market segmentation by delivery mode (road, rail, maritime, and air), service (transportation, warehousing and distribution, and value-added services), and end-user (manufacturing, automotive, consumer goods, food and beverage, and others). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The growing e-commerce industry in Turkey is notably driving market growth, although factors such as high infrastructure costs may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Freight And Logistics Market Driver In Turkey
The growing e-commerce industry in Turkey is notably driving the market growth. The e-commerce industry in turkey has been growing significantly over the past few years and is expected to continue during the forecast period. There are major e-commerce players in the country. For instance, Trendyol, an e-commerce platform based in Turkey, had a revenue of $3.2 billion in 2021.
Additionally, hepsiburada.com and lcwaikiki.com as the second and third largest stores, with USD 1.3 billion and USD 514 million, respectively. These top three industries accounted for 30% of online revenue in Turkey. Moreover, 40% of the Turkish population bought at least one product online in 2021. Fashion is the highest segment in Turkey, accounting for 42% of the e-commerce revenue in Turkey. Thus, the growth of the e-commerce industry will drive the demand for freight and logistics services from the e-commerce industry, which will boost the growth of the freight and logistics market in Turkey during the forecast period.
Significant Freight And Logistics Market Trend In Turkey
The increasing popularity of multimodal transportation is the primary trend in the market. Multimodal transportation is under a single contract carrier that uses different modes of transport but under one single bill of lading. The single transport carrier is responsible for moving shipments in all different modes. This means that a single company is responsible for the movement of goods via multimodal transportation.
Some advantages of multimodal transportation include a single contract, reduction of risk or loss or damage of the goods and personnel, goods can be tracked at a single point, and reduction of the number of documents handled. The increasing convenience offered to shippers while transporting goods through multimodal transportation is expected to enhance the growth of the freight and logistics market in Turkey during the forecast period.
Major Freight And Logistics Market Challenge In Turkey
High infrastructure cost is the major challenge impeding the market growth. High investments in infrastructure are required to ship goods through intermodal transportation. Investments include the installation of gantry cranes and other heavy-duty cranes necessary to lift the containers at different ports while changing the mode of transport. For example, whenever the container arrives at a seaport, it needs to be transferred on either a flatbed, rail, or truck.
In addition, necessary investments for rail and road access are also required. For example, a seaport should have a rail line so that railways can transport goods to and from the seaport. Similarly, roads are necessary so that trucks can easily access these ports. The high investments are often delayed and time-consuming, thus having a negative impact on the demand for freight logistics. Hence, these high infrastructure cost requirements are expected to impede the growth of the freight logistics market in Turkey during the forecast period.
Key Freight And Logistics Market Customer Landscape In Turkey
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Freight and Logistics Market Customer Landscape in Turkey
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Omsan Lojistik AS - The company offers solutions for freight and logistics with free and bonded warehousing, distribution, and customs clearance services to customers in different sectors such as e-commerce and telecommunications. The company includes logistics services such as International Land Transportation, Domestic Land Transportation, Air Cargo Transportation, and others
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth of the road segment will be significant during the forecast period. On-road vehicles are mostly preferred in all transportation operations except for the first and final stages. The total number of passengers and tons of freight planned to be transported on the road network is 378 billion and 422 billion, respectively. The e-commerce segment is one of the key drivers of the road freight segment in terms of domestic transportation leg and last-mile logistics.
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The road segment was valued at USD 9,673.66 million in 2017 and continued to grow until 2021. Turkey is one of the most popular e-commerce marketplaces in Europe, attracting the interest of both domestic and international businesses, Turkey's e-commerce industry is now expanding quickly and is positioned to become a worldwide powerhouse during the forecast period.
The reports categorize the freight and logistics market in Turkey as a part of the global air freight and logistics market within the global transportation market. The parent global air freight and logistics market cover revenue generated by companies providing air freight transportation; courier; and logistics services, including package and mail delivery and customs agents. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The report forecasts market growth by revenue at regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Delivery Mode (Road, Rail, Maritime, and Air), Service (Transportation, Warehousing and distribution, and Value-added services), and End-user (Manufacturing, Automotive, Consumer goods, Food and beverage, and Others).
Freight And Logistics Market Scope In Turkey |
|
Report Coverage |
Details |
Page number |
150 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.2% |
Market growth 2023-2027 |
USD 10,304.01 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.7 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agility Public Warehousing Co. K.S.C.P, Alfares Lojistik, ATA Freight, BATI INNOVATIVE LOGISTICS, C H Robinson Worldwide Inc., CEVA Logistics AG, DB Schenker, Deutsche Post AG, Ekol Lojistik AS, Hellmann Worldwide Logistics SE and Co KG, KARINCA Lojistik AS, KITA Logistics, Kuehne Nagel Management AG, Mars Logistics, Netlog Logistics, Nippon Express Holdings Inc., Omsan Lojistik AS, ORAS, United Parcel Service Inc., and XPO Logistics Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Delivery Mode
7 Market Segmentation by Service
8 Market Segmentation by End-user
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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