The Services to Buildings and Landscape Activities sector in Turkey has shown substantial fluctuations over the past decade. Following strong growth between 2013 and 2017 with year-on-year increases peaking at nearly 30%, there was a significant decline in 2018 and 2019, leading to a period of more modest growth from 2020 to 2023. In 2023, the sector stood at 30.89 billion New Turkish Liras, with recent year-on-year growth stabilizing at around 3.22%.
The sector is forecasted to grow steadily, with values projected to reach 35.58 billion New Turkish Liras by 2028. The five-year forecasted CAGR is moderate at 2.24% compared to the historical average, indicating a period of stabilization ahead.
Future trends to watch for include:
- Investment in sustainable and eco-friendly landscape activities.
- Digital transformation and the adoption of smart building services.
- Potential economic or regulatory changes that could impact growth rates.
