Fabricated Metal Products Market in Turkey 2016-2020

Overview of the fabricated metal products market in Turkey

Technavio’s market research analyst has estimated that the fabricated metal products market in Turkey will grow steadily at a CAGR of over 4% by 2020. The rising demand for fabricated metal products from the automotive sector is a noteworthy factor that will spur the prospects for market growth until the end of the forecast period. In this region, the automotive industry has taken advantage of various factors like the availability of a cheap and highly skilled workforce, dynamic local market, and the country's favorable location, to enhance the production of vehicles from 374,000 units in 2002 to over 1.17 million units in 2014. This increase in the production of automobiles has, in turn, impelled the growth prospects for manufacturers of steel pipes, steel profiles, and sheet metal products.

According to this market research, a significant factor propelling the growth opportunities for this market is the growth of forged, stamped, pressed, and roll-formed metals; and the powder metallurgy segment. Recently, it has been observed that the government in Turkey has been planning to construct new power and transportation infrastructures. Since these construction projects require the procurement of high-quality structural metal products, the demand for forged, stamped, pressed, and roll-formed metals will increase significantly. During the forecast period, the augmented demand for such products is anticipated to foster the growth prospects for the overall fabricated metal products market over the next four years.

Segmentation by products and analysis of the fabricated metal products market in Turkey

• Structural metal products
• Treated, coated, and machined metals
• Cutlery, tools, and general hardware
• Forged, pressed, stamped, and roll-formed metal, and powder metallurgy
• Others (such as wire products, chains and springs, and light metal products for packaging)

During 2015, the structural metal products segment dominated this market and accounted for a market share of approximately 37%. The recent increase in the share of renewable energy in the country’s total installed capacity will lead to the commencement of new construction projects. This increase in the number of construction projects will give rise to a rise in the demand for structural metal products, which are extensively used during the construction of these structures.

Competitive landscape and key vendors

In the fabricated metal products market in Turkey, the manufacturers are looking to adopt newer technologies in an effort to reduce energy consumption and increase efficiency. In addition, the manufacturers are also promoting innovation in the industry by expanding their R&D horizon and are subsequently investing in the development of new products. The market for fabricated metal products in this region is characterized by high levels of customer satisfaction.

Key manufacturers in this market are -

• Akdokum
• Alka Group
• Ar Yildiz
• Arslan Aluminyum
• Artac Madeni Esya
• Erdoğanlar Alüminyum
• Galkon
• Gürgenler
• Habas Group
• Hisar
• iTO Kilit
• Jumbo
• Kale Kilit
• Karcan
• Makina Takım Endüstrisi
• Meltem Cutlery
• Mimas Engineering Construction & Mining
• Ozen Metal
• Özka Prefabricated Building
• Proko Construction Industry
• Sahinler Ferforge
• Tekfen Ceyhan
• The Cimtas Group
• Torun Steel Doors Fire Doors

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the fabricated metal products market in Turkey?
• What are the key market trends impacting the growth of the fabricated metal products market in Turkey?
• What are the challenges to market growth?
• Who are the key vendors in the fabricated metal products market in Turkey?
• What are the market opportunities and threats faced by the vendors in the fabricated metal products market in Turkey?
• Trending factors influencing the market shares of Turkey.
• What are the key outcomes of the five forces analysis of the fabricated metal products market in Turkey?

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