The production in the support activities for transportation sector in Turkey exhibited significant growth from 2013 to 2023. The value reached 157.79 billion New Turkish Liras in 2023. The year-on-year variation from 2022 to 2023 was 8.95%, reflecting a deceleration in growth compared to earlier years. Over the past five years leading up to 2023, the sector has grown at a compound annual growth rate (CAGR) of 13.52%, indicating a robust expansion trajectory.
Looking ahead, the sector is anticipated to continue growing, albeit at a moderated pace, with a forecasted five-year CAGR of 5.28% from 2024 to 2028. This slower growth rate suggests a maturation phase as the market stabilizes, with an overall forecasted growth rate of 29.33% over the next five years, reaching a projected value of 220.65 billion New Turkish Liras by 2028.
Future trends to watch for include the integration of advanced logistics technologies, increased investment in transportation infrastructure, and shifts in global trade patterns which could impact demand for transportation support activities. Additionally, regulatory changes and economic conditions will play crucial roles in shaping the sector's landscape.
