Forecast: Turnover in Warehousing and Storage Sector in Turkey

The turnover in the warehousing and storage sector in Turkey has seen significant growth from 2013 to 2023, with the value reaching 15.88 Billion New Turkish Liras in 2023. Over the past five years, the sector experienced an impressive average compound annual growth rate (CAGR) of 23.11%. Particularly notable is the year-on-year variation in 2020, displaying a substantial increase of 56.91%, followed by consistent growth in the subsequent years.

Going forward, the forecasted data indicates continued growth with a projected value of 26.8 Billion New Turkish Liras by 2028. This implies a forecasted 5-year CAGR of 8.16%, suggesting a slightly more moderate yet steady expansion of 48.03% over these five years.

Future trends to watch for include:

• Adoption of automation and advanced technologies to optimize storage efficiency.
• Increased demand driven by e-commerce growth and supply chain diversification.
• Regulatory changes impacting the sector, potentially influencing operational costs and investment.
• Investment in sustainable warehousing practices to meet rising environmental concerns and regulations.