Turkey’s ready-mixed concrete market will be dominated by transit…

(MENAFN- Techsci Research) Transportation infrastructure development and technological advancements are driving the growth of the Turkish ready-mixed concrete market over the forecast period 2022-2026.

According to report by TechSci Research, “Turkey Ready Mixed Concrete Market by Production (Onsite, Offsite), By Product Type (Transit Mixed Concrete, Shrink Mixed Concrete), By Application (Commercial, Residential, infrastructure, industrial), by region, Competition Forecast & Opportunities, 2026”, the ready-mixed concrete market in Turkey is expected to grow at a terrific rate during the forecast period 2022-2026. The growing awareness of benefits of using ready mix concrete is fueling the market demand Market players are investing in research and development activities to increase the performance and favorable properties of ready mix concrete High government expenditure for the development of bridges, railroads, buildings, roads and dams contribute to increased expenditures for the adoption of advanced building materials. by government officials for the development of the renewable energy sector and the efficient distribution of energy to consumers are driving the growth of the construction industry in Turkey. Turkey’s 11th Five-Year Development Plan 2019-2023, owing to the government’s increased emphasis on construction and infrastructure development, is expected to create growth potential for the Turkish ready-mixed concrete market . Under Vision 2023, the government is striving to construct 13,478 km of new roads, 5,748 km of new highways and develop 10,000 km of high-speed railway lines to boost the national economy, which should accelerate market growth. The government also encourages foreign direct investment to boost the pace of construction activities and improve the country’s economic situation. The advantage of using ready-mixed concrete is that it allows the formation of higher quality concrete because it is made in state-of-the-art equipment and with a consistent manufacturing process. Ready-mixed concrete eliminates the need for building material storage and the time required to mix concrete materials at construction sites. The need for labor indulging in the concrete forming process is removed, as ready-mixed concrete is directly supplied to contractors and construction companies.
However, the need for high upfront costs for manufacturing plants may restrain the growth of the ready-mixed concrete market in Turkey during the forecast period.

The Turkey ready-mixed concrete market is segmented on the basis of production, product type, application, competitive landscape and regional distribution.
On the basis of product type, the Turkey ready-mix concrete market is divided into transit mix concrete and shrink mix concrete. Transit Mixed Concrete is expected to dominate the market share for the forecast period 2022-2026. Transit-mixed concrete is also known as truck-mixed concrete, in which materials are batched at the central plant and then thoroughly mixed during the transition process. Transit-mixing separates the water from the cement and aggregates and allows the concrete to be mixed instantly before moving on the job site. The benefits of using transit mix concrete help prevent sags from forming or hardening of the concrete, which results in delay in transportation. The disadvantage of using transit mixed concrete is that the truck size is smaller than that of central mixed concrete, which may hamper its demand in the market.

Based on application, the ready-mixed concrete market in Turkey is divided into commercial, residential, infrastructure and industrial. The residential segment is expected to hold the largest market share for the forecast period. Rising demand for single-family housing owing to the shift in preference for nuclear families coupled with rapid housing construction activities across the country is largely contributing to the growth of the market. Low mortgage rates and the availability of easy financing options are increasing people’s affordability, fueling market growth.

“Rising expenditure for the development of the commercial sector, including malls, hotels, malls, restaurants, supermarkets, hospitals, departmental and specialty stores, is driving the demand for the ready-mixed concrete market. High awareness of the benefits of green construction, which promotes the use of building materials with high energy efficiency and optimal water waste, is expected to propel the growth of ready-mixed concrete market in Turkey until 2026,” said Mr. Karan Chechi, Research Director of TechSci Research, a global research-based management consulting firm.

“Turkey Ready-Mixed Concrete Market by Production (Onsite, Offsite), by Product Type (Transit Mixed Concrete, Shrink Mixed Concrete), by Application (Commercial, Residential, Infrastructure, Industrial), by Region , Competition Forecast and Opportunities, 2026”, assessed the future growth potential of the ready-mixed concrete market in Turkey and provides statistics and information on the market size, structure and future growth. aims to provide cutting-edge market insights and assist decision makers in making sound investment decisions.In addition, the report also identifies and analyzes emerging trends along with key drivers, challenges and opportunities in the concrete market ready for use in Turkey.


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