Machinery manufacturing, Turkey’s economy continues to be one of the important sectors that contribute to growth. The industry, particularly the capacity to produce intermediates and chemicals, construction, automotive, energy, textile, thanks to provide input to important sectors such as agriculture and mining plays an important role in the development of the manufacturing industry in Turkey. Turkey machinery manufacturing sector, intensive R & D work (over 53,000 engineers graduate every year in the country) and excels as creating high added value.

Turkey’s competitive power in the machinery sector, providing appropriate input costs and strong possibilities. Input costs; It includes competitive labor costs, affordable and reliable energy resources and logistical advantages based on the country’s geostrategic position. Opportunities include qualified workforce, attractive investment incentives, innovation-oriented infrastructure, strong supply base and local clusters.

Some important data and figures of Turkey machinery sector is as follows:

• Turkey machinery sector by subtracting the revenue quadrupled in 2018 to reach 23 billion US dollars and has doubled by folding the workforce has increased to 244,000.
• While global exports doubled in 2018, Turkey’s exports reached 17.1 billion US dollars, increased five-fold.
• While the export / import ratio in the sector increased from 30% to 60% as of 2003, it has shown that the market has become less dependent on imports, with continuous growth.
• Turkey’s 4th largest export industry machinery products, which is the country with a 9% share in total exports are exported to over 200 countries. 60% of the exported machinery products are mostly shipped to EU countries and the USA, including Germany, England, France and Italy.
• The total imports of the machinery industry exceeded US $ 28 billion in 2018, demonstrating the strong demand from the domestic market.
• Turkey’s agricultural machinery market in 2018, reaching 2.1 billion US dollars and settled in 4th place in Europe.
• Turkey’s construction equipment market reached a record level of 3 billion US dollars in 2017, 4 in Europe, and has settled in well 11 in the world.
• Turkey’s heating, ventilation and air conditioning sector stands out as a powerful industrial center with access to the value of US $ 3.2 billion. The industry also functions as Europe’s production base for panel radiators, boilers and air handling units (AHU).
• Turkey’s lifting and handling equipment market in 2018 reached US $ 2.4 billion.