Turkey has witnessed a major industrial renaissance in recent years, especially in the field of heavy industries. These industries are known for their advanced production lines and precise equipment that require large facilities to manage them. Despite the high costs associated with these industries, they play a crucial role in the Turkish economy. The country has allocated a significant budget to enhance this sector, focusing on specialized industrial areas such as aircraft and military vehicle manufacturing, maritime industries, electric-powered trains, metal and building material production, and more.
Turkish heavy industries encompass a wide range of sectors that have been developed over the course of two decades. During this period, Turkey has been committed to manufacturing products that serve all sectors of the economy. The most prominent heavy industries in the country include:
Electric trains, electric cars, commercial ships, and yachts.
Pipes and fittings, basins and mixers, wooden doors and windows, furniture decor.
Drawn iron and steel, stainless steel fixtures, galvanized products, metal wires, screws and bolts, valve and connector manufacturing machines.
Grain separation and processing equipment, dairy and cheese machines, egg incubation and production.
Press machines, flour manufacturing machines, food and canned goods production lines.
Car and aircraft parts, railway components, household appliances, shoe and clothing manufacturing machinery.
Car parts and equipment, vehicle filters, radiator manufacturing machinery, wheel production machines, electric battery manufacturing machines, bicycle production machinery.
Generator manufacturing lines, communication devices, electric motor production equipment, lighting accessories, alarm manufacturing machines, safe and electric door manufacturing machines.
Plastic material processing machinery, plastic supports, plastic pumping machines, rubber carpet manufacturing lines.
Oil production machines, biscuit and canned goods production machines, beverage production machines, tahini, yeast, and spice production lines, kitchen equipment manufacturing machinery.
Weaving and clothing manufacturing machinery, carpet manufacturing equipment, heating and cooling systems, pharmaceutical industry machinery, pumping and pressure equipment, chemical and cosmetics production, cable production lines, fire extinguishing systems, kitchenware manufacturing machinery, stationery manufacturing lines, leather and household tools production.
While Turkey used to import all its industrial requirements from major countries, the situation changed significantly in the last two decades, leading it to become a self-reliant nation in terms of production.
Moreover, the economic indicators have shown increasing positive trends annually, especially since the Turkish economy relies on multiple resources and returns that contribute to its periodic development.
Turkish heavy industries have taken an ascending path, starting in the late 20th century when local industrial giants collaborated to produce innovative electric cars to initiate an industrial revolution globally. The production of the "TOGG" car, which sells thousands annually, marked the beginning of the success story of heavy industries in the country. It was followed by the production of electric trains, military aircraft, military equipment, and massive machinery, bolstering the country's economic position.
Statistical data indicates that the country's exports exceeded $180 billion in 2019, with revenues from manufacturing and exporting vehicles and their spare parts reaching $32 billion, significant figures that cannot be underestimated.
It's worth mentioning that the country generates approximately 50% of its renewable energy needs and plans to increase this percentage soon by establishing energy projects in several Turkish cities.
The Turkish heavy industries sector has recently been under the spotlight, attracting attention due to its significant economic contributions. Here are some important questions related to this topic, along with their answers:
Turkey has solidified its position among exporting countries, demonstrating its prowess in exporting heavy Turkish industries such as military aircraft, electric vehicles, construction, and agricultural machinery, which have garnered international acclaim rapidly, enhancing its economic standing on a global scale.
Despite the intensive efforts by the government to develop Turkey's heavy industries sector, there are several obstacles hindering its progress, including:
According to the United Nations Conference on Trade and Development (UNCTAD) report for 2022, the Republic of Turkey ranks 33rd globally as the largest exporting country of industrial products worldwide. Turkey is also the second-largest producer of iron in Europe and the fifth-largest globally.
Current projections indicate a rise in demand for heavy industrial products in the country in the coming years. This is attributed to geopolitical shifts in the region and the government's specific support for this sector. There is also an outlook for structural reforms to overcome challenges related to infrastructure development, technological advancements, and industrial investment encouragement, fostering collaboration between the public and private sectors.
In conclusion, these were the key insights into Turkish heavy industries, their types, development, and associated details. At Skyline Holdings, we are committed to supporting both local and foreign investments in this sector, always striving to assist emerging and established companies to reach the forefront within innovative legal and regulatory frameworks.
Stay informed about the latest investment information and details about Turkey through Skyline Holdings.