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

(MENAFN- Techsci Research) The development of transportation infrastructure and technological advancements are driving the growth of Turkey ready mix concrete market during the forecast period, 2022-2026.

According to TechSci Research report, “Turkey Ready Mix Concrete Market By Production (Onsite, Offsite), By Product Type (Transit Mix Concrete, Shrink Mix Concrete), By Application (Commercial, Residential, infrastructure, industrial), by region, Forecast of competition and opportunities, 2026 “the Turkey ready-mixed concrete market is expected to grow at a formidable rate during the forecast period, 2022-2026. Growing awareness of the benefits of using ready-mixed concrete is fueling market demand Market players are investing in research and development activities to increase the performance and favorable properties of ready-mixed concrete. High government spending on the development of bridges, rail networks, buildings, roads and dams contribute to increased spending on the adoption of advanced building materials. s efforts by government officials for the development of the renewable energy sector and the efficient distribution of energy to consumers are boosting the growth of the construction industry in Turkey. Turkey’s 11th Five-Year Development Plan 2019-2023, due to the increased focus by the government on construction and infrastructure development, is expected to create growth potential for the Turkish ready-mixed concrete market . As part of Vision 2023, the government is working to build 13,478 km of new roads, 5,748 km of new highways and to develop 10,000 km of high-speed rail lines to boost the national economy, which should accelerate market growth. The government is also encouraging 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 better quality concrete because it is made in advanced equipment and with a consistent manufacturing process. Ready mixed concrete eliminates the need to store building materials and the time required to mix concrete materials on construction sites. The need for labor to engage in the concrete forming process is eliminated, as ready-mixed concrete is supplied directly to contractors and construction companies.
However, the need for high up-front costs for manufacturing plants may restrain the growth of the turkey ready-mixed concrete market during the forecast period.

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

On the basis of application, Turkey ready mix concrete market is divided into commercial, residential, infrastructure and industrial. The residential segment is expected to hold the largest market share for the forecast period. The increasing demand for single family dwellings due to the changing preference for nuclear families coupled with the rapid housing construction activity across the country is a major contributor to the growth of the market. Low mortgage rates and the availability of easy financing options increase people’s affordability, fueling market growth.

“Rising expenses for the development of the commercial sector, including shopping malls, hotels, shopping malls, restaurants, supermarkets, hospitals, department stores and specialty stores, are driving demand in the ready-mixed concrete market. employment. The strong awareness of the benefits of green building, which promotes the use of building materials with high energy efficiency and optimal water wastage, is expected to propel the growth of the ready-mixed concrete market in Turkey to 2026, ”said Karan Chechi, Research Director at TechSci Research, a global research-based management consultancy.

Turkey ready-mixed concrete market by production (on-site, off-site), by product type (transit mixed concrete, shrink mixed concrete), by application (commercial, residential, infrastructure, industrial), by region , Competition Forecast and Opportunity, 2026 ”, assessed the future growth potential of the Turkey ready-mixed concrete market and provides statistics and information on the market size, structure and future growth. The report aims to provide cutting edge market information and to help policymakers make sound investment decisions. Further, the report also identifies and analyzes emerging trends as well as key drivers, challenges and opportunities in the ready-mixed concrete market in Turkey.

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