Turkey Elevators and Escalators Market Report 2022-2028 with Key Vendors

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DUBLIN, September 1, 2022 /PRNewswire/ — The “Elevator and Escalator in Turkey – Market Size and Growth Forecast 2022-2028” report has been added to from ResearchAndMarkets.com offer.

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Expansion of infrastructure and commercial construction to increase demand for escalators

The UK government is helping to fund a new 503 kilometer high-speed electric railway line in Turkey which will connect the capital, Ankara, with the port city of Izmir. The $2.31 billion green financing was led by Credit Suisse and Standard Chartered Bank and guaranteed by UK Export Finance (UKEF) through its Buyer Credit Scheme.

While existing Class A office supplies in Istanbul reached 5.8 million m² GLA (gross leasable area) at the end of 2021, there are approximately 1.6 million m² of offices under construction, and it is expected that the total office supply of Category A will exceed 7.4 million m² GLA by the end of 2023.

According to the Association of Shopping Centers and Investors (AYD), Before the Covid-19, Turkey had a total of 433 shopping centers and 13.5 million square meters of leasable space. 8 newly opened shopping malls and an additional area of ​​500,000 square meters have been added, and the total number of shopping malls has reached 441, while the leasable area has increased to about 14 million square meters in 2021. The growing demand for shopping malls to drive the demand for elevators.

Redesigning cities through the Urban Transformation Action Plan to drive demand for the installation of energy-efficient elevators.

The AFD (French Development Agency) has extended its support for the financing and acquisition of energy-efficient housing to Turkey. This $283,060 (€270,000) technical assistance component, which began in December 2020, supports collaboration with key industry players to boost production and demand for green housing in the Turkish market. The government will provide financial support to the tune of $2.7 billion climate-friendly municipal projects, Environment, Urbanization and Climate Change.

The Ministry of Environment and Urbanism, which is a major authority on urban transformation, announced in 2017 that nearly half of the 15 million homes are at risk of disaster. Of the May 2018the Ministry of Environment and Urban Planning has declared a total of 188 risk areas.

Thus, the Ministry of the Environment and Urban Planning has launched an ambitious action plan for a redesign of cities. The Urban Transformation Action Plan aims to demolish old buildings at risk, replace them with sustainable living spaces and improve town centers and historic sites. Under this plan, at least 300,000 units will be demolished and replaced with new ones in five years, including 100,000 in Istanbul.

Governments are striving to expand infrastructure across the country to increase the demand for new facilities.

In order to expand its portfolio by TurkeyMarriott International is expected to open 10 hotel projects by the end of 2022. With upcoming projects, the company’s portfolio in Turkey is expected to encompass 43 properties with more than 7,000 rooms by the end of 2022. Reinforcing its long-term focus on the market, the company also announced two recent signings under the Four Points by Sheraton brand.

The $1.25 billion the projects will be implemented by a joint venture led by China National Machinery (CMC) and Tasyap, Turkey. The project includes 22 stations and extends over 21.2 km. The route goes from Necmettin Erbakan University to Meram Municipality.

The Metropolitan Municipality of Kocaeli has launched the works of the metro project estimated at $885 million. The new line will connect Gebze, a powerful industrial center, and Darica, two towns on the coast of the Sea of ​​Marmara. The metro line will have two tunnels of 15.6 km each, 6.5 meters wide and 12 stations. The line is expected to be commissioned in 2022.

Standard inspection framework by Ministry of Industry and Technology to create demand for elevator maintenance in Turkey

2,790 organizations have received Service Adequacy Certificate (HYB) from Turkish Standards Institute for Elevator Repair and Maintenance. According to the “Industry Register Law”, 335 component manufacturers and 2,749 elevator assembly and elevator component manufacturing enterprises have industrial registration.

Periodic control of lifts is carried out by type A inspection bodies, which have signed protocols with the competent administrations, after having been authorized by the Ministry of Industry and Technology in accordance with the regulations on the periodic control of elevators.38 different type A inspection bodies have been authorized by the Ministry of Industry and Technology and made public was announced in 2020.

The digital economy approach boosts the long-term growth potential of Turkey modernization market by integrating emerging technologies. Brands such as Otis, KONE, Schindler and Mitsubishi now use systems that can be used to send commands to modem-connected hardware placed in controllers via modules developed by cloud providers such as IBM, Amazon and Google to global manufacturers or accessible via any Internet browser and communicating via standard HTTP protocols.

VENDOR LANDSCAPE

  • The main actors of Turkey elevators and escalators market are KONE, Otis, Hyundai Elevator, TK Elevator, Mitsubishi Electric, Hitachi and Schindler.

  • The top 4 top tier vendors including TK Elevator, Otis, Schindler and KONE account for 39% of the market share in Turkey.

  • Schindler began operations as Turkeli Elevator in 1947 and has operated as Schindler Turkeli Elevator Sanayi AS since 1992. Schindler has regional offices in AnkaraIzmir, Antalya and Adana and representative offices in many provinces, especially in from Istanbul European and Anatolian regions.

Main suppliers

  • Kone

  • Electric Mitsubishi

  • TK lift

  • Hitachi

  • Hyundai Elevator

  • Otis

  • Schindler

Other Important Suppliers

  • Kleemann

  • Wittur

  • ISF lift

  • Schmersal

  • Merih Elevator

  • Ametal

Main topics covered:

Chapter 1 Overview

Section 2 Turkey Elevator Market

  • Turkey Escalator Market by Segments

  • Turkey Escalator Market, by Volume

  • Turkey Escalator Market Size & Forecast, Volume (Units), 2019 – 2028

  • Turkey Elevator Market, By Type

  • Hydraulics and Pneumatics Market Size and Forecast, Volume (Units), 2019 – 2028

  • Engine Room Traction, Market Size and Forecast, Volume (Units), 2019-2028

  • Tractionless Engine Room Market Size and Forecast, Volume (Units), 2019-2028

  • Others, Market Size and Forecast, Volume (Units), 2019-2028

  • Turkey Elevator and Escalator Market by Trolley Type

  • Passenger, Market Size and Forecast, Volume (Units), 2019-2028

  • Freight, Market Size and Forecast, Volume (Units), 2019-2028

  • Turkey Elevator Market by People

  • 2-15 people, market size and forecast, volume (units), 2019-2028

  • 16-24 People, Market Size and Forecast, Volume (Units), 2019-2028

  • 25-33 People, Market Size and Forecast, Volume (Units), 2019-2028

  • 34+, Market Size and Forecast, Volume (Units), 2019-2028

  • Turkey Elevator Market by End Users

  • Commercial, Market Size and Forecast, Volume (Units), 2019-2028

  • Residential, Market Size and Forecast, Volume (Units), 2019-2028

  • Industrial, Market Size and Forecast, Volume (Units), 2019-2028

  • Others, Market Size and Forecast, Volume (Units), 2019-2028

Section 3 Turkey Escalator Market

  • Future Prospects – Turkey Escalator Market by Volume

  • Turkey Escalator Market by Segments

  • Turkey Escalator Market, by Volume

  • Turkey Escalator Market Size & Forecast, Volume (Units), 2019 – 2028

  • Turkey Escalator Market by Type

  • Parallel, Market Size and Forecast, Volume (Units), 2019-2028

  • Multiparallel, Market Size and Forecast, Volume (Units), 2019 – 2028

  • Gateway, Market Size and Forecast, Volume (Units), 2019-2028

  • Intersection, Market Size and Forecast, Volume (Units), 2019-2028

  • Turkey Escalator Market by End Users

  • Commercial, Market Size and Forecast, Volume (Units), 2019-2028

  • Mass Transit Market Size and Forecast, Volume (Units), 2019-2028

  • Others, Market Size and Forecast, Volume (Units), 2019-2028

Section 4 Turkey Elevator and Escalator Market, by Service (Maintenance and Modernization)

Section 5 Geographical Analysis

Section 6 Market Dynamics

  • Market Drivers, Opportunities, Restraints, Trends

Section 7 Technological Development

Section 8 Competitive Landscape

For more information on this report, visit https://www.researchandmarkets.com/r/p5yd3c

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