Turkey Freight and Logistics Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Turkey Freight and Logistics Market Analysis
Turkey freight and logistics market is valued around USD 64 billion in the current year and is anticipated to register a CAGR of more than 4% during the forecast period.
- Due to its unique geostrategic position between Asia and Europe, manufacturing capacity, and logistical infrastructure, Turkey is at the core of economic activity in the region. Many demand drivers, such as economic development, a broad and export-oriented industry base, a robust retail market, and a quickly rising e-commerce sector, contribute to Turkey's logistics potential. By 2053, Turkey expected to invest heavily in expanding its railway and highway networks and building new airports. Between 2003 and 2021, approximately USD 172 billion in investments were made in five sectors, creating 17.9 million jobs. The investments will total USD 198 billion by 2053.
- It is expected that the industrial and logistics sectors, which are currently in recovery, will enter an expansion period with increasing demand and decreasing vacancy rates. With the opening of the Osmangazi Bridge and the establishment of new Organized Industrial Zones (OIZs), it is expected that the Yalova region and the Corlu-Cerkezkoy Buyukkaristiran region, along with the new Kapikule highspeed train project, will become critical industrial locations in the future.
- The last ten years saw almost USD 1.9 billion in foreign investments in the Turkish logistics industry. The growth of Turkey's logistics infrastructure is necessary, given the increasing trade flows between the emerging economies of Asia and Europe. Furthermore, the country has attracted foreign investment in logistics due to its anticipated benefits from China's One Belt One Road initiative.
Turkey Freight and Logistics Market Trends
This section covers the major market trends shaping the Turkey Freight & Logistics Market according to our research experts:
Expansion of road network
The manufacturing and automotive industries have been the primary driving force for the growth of the logistics industry in Turkey. The manufacturing sector contributed to almost 22.0% of the country's GDP. The main source of Turkey's exported goods has been the machinery and equipment manufacturing industry.
Turkey is the thirteenth major automotive producer in the world and the fifth-largest in Europe, with a 78.0% average export rate. Transport costs make up a significant portion of the final product cost for domestic manufacturers in these sectors. As a result, roadways are preferred over any other mode of freight transportation. More than 85% of domestic freight is transported through roads in Turkey, the second-largest market sector with 5% of total freight volume. The volumes have been on a constant increase since 2010.
The Turkish road network has been vital to the growth of the country's logistics industry. The country is implementing various projects for rail freight corridors, coastal freight corridors, and international highway corridors to become a leading logistics market. Additionally, projects like the much-anticipated Belt and Road initiative (BRI) by China and the Middle Corridor Initiative (MCI) by Turkey will increase Turkey's logistics sector by increasing yearly government investments in the country's infrastructure, including the expansion of airports and seaports.
Growth of E-Commerce Sector
Despite the depreciation of the Turkish currency and the ongoing impacts of the pandemic, Turkey's e-commerce business is expanding at a far faster rate than in previous years. In Turkey, the share of e-commerce in total retail sales increased from 0.6% in 2010 to 7.8% in 2021. Turkish e-commerce companies are growing internationally. For instance, three e-commerce companies reached a billion-dollar value last year and became unicorns.
Compared to the previous year, the number of leasing transactions in the industrial and logistics sectors more than doubled. The short-term warehousing demand caused by the COVID-19 epidemic is the primary factor driving transactions. The pandemic increased customer demand for e-commerce, which was already rising. The increase in leases in the logistics sector was also proportional to the increase in customer demand.
Turkish e-commerce sites such as Trendyol, Hepsiburada, and Getir have grown dramatically in recent years. As a result, Istanbul has been named one of the top 20 of the world's 100 best ecosystems for entrepreneurs in the e-commerce and gaming industries. The top four factors influencing Turkish consumers' decision to shop online in the Middle East and Africa are better product variety (71%), lower prices (68%), time savings (67%), and faster shopping (58%).
Turkey Freight and Logistics Industry Overview
The competition in the freight forwarding industry in Turkey is highly fragmented with the presence of both domestic as well as international logistics companies in the country.
Some of the existing major players in the market include - CEVA Logistics, XPO Logistics, DB Schenker, Agility Logistics, DHL, Kuehne + Nagel, Nippon Express, C.H. Robinson, Hellmann Worldwide Logistics, Omsan Logistics, Karinca Logistics, KITA Logistics, Ekol Logistics, Netlog Logistics, and Mars Logistics.
Turkey Freight and Logistics Market Leaders
-
CEVA Logistics
-
DB Schenker
-
Ekol Logistics
-
DHL Supply
-
XPO Logistics
*Disclaimer: Major Players sorted in no particular order
Turkey Freight and Logistics Market News
June 2022: DHL Express Turkey, Turkey's largest international logistics provider, continues to expand the number and capacity of its service sites with investments of up to 100 million Euros (USD 97.5 Million). In this regard, the new DHL Service Point in Yenibosna, built with a 388.7 thousand Euro (USD 0.38 Million) investment, meets the international logistics needs of DHL Express clients in and around Güneşli.
February 2022: CEVA Logistics began 2022 by diversifying its product offerings across Asia and Europe. It introduced new services and improved current ones. The company currently has regular connections using its own equipment between the Halkali port in Istanbul and Duisburg, Germany, making Turkey a member of its network. Furthermore, it offers a weekly block train service between Vietnam and Germany through China.
Turkey Freight and Logistics Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Technological Trends and Automation
-
4.5 Porter's Five Force Analysis
- 4.5.1 Threat of New Entrants
- 4.5.2 Bargaining Power of Buyers/Consumers
- 4.5.3 Bargaining Power of Suppliers
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Impact of Covid-19 on the Market
5. MARKET SEGMENTATION
-
5.1 By Function
- 5.1.1 Freight Transport
- 5.1.1.1 Road
- 5.1.1.2 Inland Water
- 5.1.1.3 Air
- 5.1.1.4 Rail
- 5.1.2 Freight Forwarding
- 5.1.3 Warehousing
- 5.1.4 Value-added Services and Others
-
5.2 By End User
- 5.2.1 Manufacturing and Automotive
- 5.2.2 Oil and Gas, Mining, and Quarrying
- 5.2.3 Agriculture, Fishing, and Forestry
- 5.2.4 Construction
- 5.2.5 Distributive Trade (Wholesale and Retail Segments - FMCG included)
- 5.2.6 Other End Users (Telecommunications, Pharmaceuticals, etc.)
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
-
6.2 Company Profiles
- 6.2.1 CEVA Logistics
- 6.2.2 DB Schenker
- 6.2.3 XPO Logistics
- 6.2.4 DHL
- 6.2.5 Ekol Logistics
- 6.2.6 Nippon Express
- 6.2.7 C.H. Robinson
- 6.2.8 Hellmann Worldwide Logistics
- 6.2.9 Omsan Logistics
- 6.2.10 Agility Logistics*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
- 8.1 Macroeconomic Indicators
- 8.2 Insights on Capital Flows
- 8.3 External Trade Statistics (Detailed exports and imports by product)
- 8.4 Economic Statistics - Transport and Storage Sector Contribution to Economy
Turkey Freight and Logistics Industry Segmentation
Logistics is managing the flow of things between the origin point and the point of consumption to meet the requirements of customers or businesses. It combines logistics experience, human resources, and knowledge to ensure the smooth journey of goods between carriers and shippers.
The market is segmented by Function (Freight Transport, Freight Forwarding, Warehousing, Courier, Express, and Parcel, Value-added Services, Cold Chain Logistics, Last Mile Logistics, Return Logistics, and Other Emerging Areas) and by End-User (Construction, Oil & Gas, and Quarrying, Agriculture, Fishing, and Forestry, Manufacturing & Automotive, Distributive Trade, Others (Pharmaceutical and Healthcare)). Reports also cover the impact of Covid-19 on the market. The report offers market size and forecasts for the Turkey Freight and Logistics Market in value (USD Billion) for all the above segments.
| By Function | Freight Transport | Road |
| Inland Water | ||
| Air | ||
| Rail | ||
| By Function | Freight Forwarding | |
| Warehousing | ||
| Value-added Services and Others | ||
| By End User | Manufacturing and Automotive | |
| Oil and Gas, Mining, and Quarrying | ||
| Agriculture, Fishing, and Forestry | ||
| Construction | ||
| Distributive Trade (Wholesale and Retail Segments - FMCG included) | ||
| Other End Users (Telecommunications, Pharmaceuticals, etc.) |
Turkey Freight and Logistics Market Research FAQs
What is the current Turkey Freight and Logistics Market size?
The Turkey Freight and Logistics Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Turkey Freight and Logistics Market?
CEVA Logistics, DB Schenker, Ekol Logistics, DHL Supply and XPO Logistics are the major companies operating in the Turkey Freight and Logistics Market.
What years does this Turkey Freight and Logistics Market cover?
The report covers the Turkey Freight and Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Turkey Freight and Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Freight and Logistics in Turkey Industry Report
Statistics for the 2024 Freight and Logistics in Turkey market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Freight and Logistics in Turkey analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
