Forecast: Turnover in Building Completion and Finishing Sector in Turkey

The turnover in the Building Completion and Finishing sector in Turkey has shown both impressive growth and periods of slight decline. From 2013 to 2018, the sector saw a strong upward trend peaking at a 21.2% increase in 2018. However, between 2019 and 2020, turnover experienced minor declines. Following this, growth resumed, reaching 21.35 Billion TRY by 2023, albeit at a slower pace with a 5.97% increase from the previous year. Looking forward from 2024 to 2028, a steady rise is forecasted with an average CAGR of 3.82%, indicating moderate but consistent growth.

Future trends to watch for:

• Technological advancements driving efficiency in building processes.
• Increased urbanization and government infrastructure projects.
• Effects of economic policies and inflation on materials costs.
• Adoption of sustainable building practices impacting sector growth.