Forecast: Production in Wholesale of Machinery, Equipment and Supplies Sector in Turkey

Based on provided data, the production in the wholesale of machinery, equipment, and supplies sector in Turkey stood at 102.43 Billion New Turkish Liras in 2023. Between 2024 and 2028, the sector is expected to have a forecasted Compound Annual Growth Rate (CAGR) of 7.53%, culminating in an estimated production value of 165.87 Billion New Turkish Liras by 2028. These values highlight robust economic growth and expanding capabilities within the sector.

  • From 2013 to 2023, the sector experienced consistent year-on-year growth, peaking notably in 2020 with an increase of 30.18%. While annual growth rates tapered to 14.63% by 2023, the sector's average annual growth rate (CAGR) over the last five years remains a healthy 20.66%.

  • Future Trends to Watch For:
    • Technological advancements and automation in machinery and equipment.
    • Increasing focus on sustainable and energy-efficient products.
    • Potential impacts of geopolitical changes and economic policies on trade dynamics.

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