Turkey Prefabricated Buildings Industry Market Size (2024 - 2029)

The Turkey prefabricated buildings market is poised for growth, driven by increasing industrialization, urbanization, and a rising population. The market's expansion is further supported by a growing demand for environmentally friendly construction methods and green buildings. The COVID-19 pandemic highlighted the advantages of prefabricated structures, as seen in the rapid construction of emergency hospitals. Despite a gradual increase in the number of prefabricated buildings, their resilience to natural disasters and longevity contribute to the market's positive trajectory. The overall growth of the construction industry and rising prices also enhance the market's potential.

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Market Size of Turkey Prefabricated Buildings Industry

Turkey Prefabricated Buildings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.50 %
Market Concentration Low

Major Players

Turkey Prefabricated Buildings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Turkey Prefabricated Buildings Market Analysis

During the period of the forecast, the Polish prefabricated building industry is expected to register a CAGR of more than 4.5%.

  • The COVID-19 pandemic caused a lot of uncertainty for vendors and contractors in the construction industry when it started.Several construction companies shut down their projects due to lockdowns and restrictions. However, due to immediate requirements for hospitals and quarantine sectors, the demand for prefabricated buildings increased.
  • For instance, in September 2021, Turkey opened a modular hospital for treating COVID-19 patients. The Turkish prefabricated construction sector has achieved great success with two emergency hospitals (field hospitals) with a capacity of 2,000 beds, which were completed in a record time of 45 days in Istanbul. The fact that two giant pandemic hospitals of enormous size were built in a very short time with the prefabricated construction system
  • Turkey is becoming more industrialized and urbanized, and its population is growing quickly, so the prefabricated building market is likely to grow over the next few years.Prefabricated construction will also have many chances to grow because more and more people want green buildings and construction methods that are good for the environment.Modular production coupled with modern digital processes offers the opportunity to build a faster and more efficient structure while saving resources at the same time.
  • In Turkey, the number of prefabricated buildings is slowly growing because they are said to be less damaged by natural disasters and to last longer. The turnover of the prefabricated building industry in Turkey is also going up because the construction industry as a whole is growing and prices are going up.

Turkey Prefabricated Buildings Industry Segmentation

Prefabricated buildings, also called "prefabs," are structures that are built off-site and then brought to the building site to be put together.It is made up of parts or units that are made in a factory and then shipped to the building site to be put together.

Turkey's prefabricated buildings industry is segmented by material type (concrete, glass, metal, timber, and other material types) and application (residential, commercial, and other industrial, institutional, and infrastructure applications). The report offers market size and forecasts in dollars (USD billion) for all the above segments. Furthermore, this report covers market insights, such as market dynamics, drivers, restraints, opportunities, technological innovation, its impact, Porter's Five Forces Analysis, and the impact of COVID-19 on the market. In addition, the report also provides company profiles to understand the competitive landscape of the market. The report offers market size and forecast values (in USD billions) for all the above segments.

By Material Type
Concrete
Glass
Metal
Timber
Other Material Types
By Application
Residential
Commercial
Other Applications (Industrial, Institutional, and Infrastructure)
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Turkey Prefabricated Buildings Industry Size Summary

The Turkish prefabricated building market is poised for significant growth, driven by rapid industrialization, urbanization, and a burgeoning population. The sector has gained momentum due to the increasing demand for efficient and sustainable construction methods, particularly in the wake of natural disasters like earthquakes. Prefabricated buildings are favored for their resilience and quicker construction times, making them an attractive option for both temporary and permanent housing solutions. The market's expansion is further supported by the rising interest in green building practices and the integration of modern digital processes, which enhance construction efficiency and resource management.

The market landscape is characterized by a high degree of fragmentation, with several key players like Prefabrik Yapı A.Ş, Karmod Prefabricated Technologies, and Vekon leading the charge. These companies are leveraging technological innovations to offer customized solutions, such as turnkey projects and lightweight structures, to meet the diverse needs of the Turkish market. The demand for prefabricated buildings has surged, particularly in regions prone to earthquakes, where traditional construction methods are less viable. Government initiatives, such as tax reductions on prefabricated structures in earthquake-affected areas, further bolster the market's growth prospects. As the construction industry grapples with rising costs and material shortages, prefabricated buildings present a viable alternative, promising both economic and environmental benefits.

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Turkey Prefabricated Buildings Industry Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Technological Trends

    3. 1.3 Insights into Supply Chain/Value Chain Analysis of the Prefabricated Buildings Industry

    4. 1.4 Brief on Different Structures Used in the Prefabricated Buildings Industry

    5. 1.5 Cost Structure Analysis of the Prefabricated Buildings Industry

    6. 1.6 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material Type

      1. 2.1.1 Concrete

      2. 2.1.2 Glass

      3. 2.1.3 Metal

      4. 2.1.4 Timber

      5. 2.1.5 Other Material Types

    2. 2.2 By Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

      3. 2.2.3 Other Applications (Industrial, Institutional, and Infrastructure)

Turkey Prefabricated Buildings Industry Market Size FAQs

The Turkey Prefabricated Buildings Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)

Prefabrik Yapı A.Ş, Karmod Prefabricated Technologies, Module-T, Tepe Prefabrik and Dorce Prefabricated Building and Construction Industry Trade Inc. are the major companies operating in the Turkey Prefabricated Buildings Market.

Turkey Prefabricated Buildings Market Report Snapshots

Turkey Prefabricated Buildings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)