The Turkey Freight and Logistics Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.
The Turkey freight and logistics market is expected to grow at a CAGR of around 8% during the forecasted period. The growth is a result of the country’s strategic location between Asia and Europe. The key growth drivers for the market include increasing online purchasing boosting the e-commerce market, the Middle Corridor Initiative by Turkey, increasing yearly investments by the government to improve the state of infrastructure in the country such as road & rail networks, and expansion of airports and seaports.
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The 120 Pages report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Turkey Freight and Logistics Market: XPO Logistics, DB Schenker, Agility Logistics, DHL, Kuehne + Nagel, Nippon Express, C.H. Robinson, Hellmann Worldwide Logistics, Omsan Logistics, CEVA Logistics, Karinca Logistics, KITA Logistics, Ekol Logistics, Netlog Logistics and Mars Logistics
Roadways have Largest market Share for Domestic Freight Transportation
The manufacturing and the automotive industries have been the major driving force for the growth of the logistics industry in Turkey. The manufacturing sector contributed to almost 25.0% of the country’s GDP. The machinery and equipment manufacturing sector has been the major contributor to the exported items in Turkey. As a result, Turkey is the fourteenth major automotive producer in the world and fifth-largest in Europe, with a 78.0% average export rate. For the domestic manufacturers in these industries the transportation costs are a huge segment of the product’s final cost, as a result the roadways are more preferred over any other mode of freight transportation. More than 85% of domestic freight is transported through roads in turkey, a huge majority compared to the next largest market sector, rail, with 5%. The volumes have been on a constant increase since 2010. The Turkish road network has been vital to the growth of the country’s logistics industry. The country is implementing various projects for rail freight corridors, coastal freight corridors and international highway corridors to become a leading logistics market. Moreover, initiatives like the much-anticipated Belt and Road initiative (BRI) by China will provide a boost to the logistics industry in Turkey.
Infrastructure Investments and Public Private Partnership (PPP)
Turkish economy is rapidly growing with an average annual GDP growth rate of 5.5%. With increasing population and urbanization, the manufacturing industries are also flourishing. Therefore, Turkey’s growing trade volume and strategic location compels the country to develop its infrastructure. Till mid-2019, Turkey has implemented $139 Billion worth of Public Private Partnership (PPP) projects in a variety of sectors from transportation to healthcare and energy, ample opportunities for investment are available. Turkey has implemented a variety of mega projects with Build-Operate-Transfer model such as New Istanbul Airport, Yavuz Sultan Selim Bridge, Gebze- Orhangazi Izmir Motorway and Eurasia Tunnel. A total of 242 projects have been set up from 1986 till 2018. Transportation and energy infrastructure projects dominate the PPP market in Turkey. From 2003 – 2018, a total of 515 billion ? worth of infrastructure investments have been done including completed PPP projects and government investments. With the country being located at such a strategic location that connects the east and the west, the country provides access to Europe, Central Asia, Middle East, and North Africa. This placement justifies the importance for its logistics market and the need for infrastructure investments.
The competition in the freight forwarding industry in Turkey is highly fragmented with the presence of both domestic as well as international logistics companies in the country. As of 2018 The Association of International Forwarding and Logistics Service Providers Turkey (UTIKAD) represents more than 450 freight forwarder members offering air, ocean, rail, and road forwarding activities with a total workforce of about 50,000 employees. Some of the existing major players in the market include XPO Logistics, DB Schenker, Agility Logistics, DHL, Kuehne + Nagel, Nippon Express, C.H. Robinson, Hellmann Worldwide Logistics, Omsan Logistics, CEVA Logistics, Karinca Logistics, KITA Logistics, Ekol Logistics, Netlog Logistics and Mars Logistics.
Influence Of The Turkey Freight and Logistics Market Report:
-Comprehensive assessment of all opportunities and risk in the Turkey Freight and Logistics market.
– Turkey Freight and Logistics market recent innovations and major events.
-A detailed study of business strategies for growth of the Turkey Freight and Logistics market-leading players.
-Conclusive study about the growth plot of Turkey Freight and Logistics market for forthcoming years.
-In-depth understanding of Turkey Freight and Logistics market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Turkey Freight and Logistics market.
What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.
Analytical Tools: The Turkey Freight and Logistics Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
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