Sales Figures of Construction Equipments Between 2005-2016

Sales Figures of Construction Equipments Between 2005-2016

When we take a look closer at the chart showing the last ten years sales figure of construction equipment sold in Turkey, we see an increase between the years of 2005 and 2007.

In 2008 Turkish construction equipment market affected by the economic crisis which its effects felt also all over the World.

The destructive impact of the financial crisis, which was especially intense from the second half of 2008 to the last quarter of 2009, has also been felt in the construction equipment sector.

Economic instability, affecting negatively the future expectations caused the suspension of the investments.

By year 2010, the sales figure started to increase and continued between 2011-2013.

No doubt that the mega projects and ongoing infrastructure and superstructure projects have made important contributions to the increasing need for the construction equipment sector.

The geopolitical tensions and uncertainties that lived around the world in 2016 are among the indications that we have left behind a difficult year both politically and economically. All these negative influences caused the sales in the Turkish market decline by 1% in 2016 compared to 2015.

The market in 2017 is expected to at least match the demand levels seen in 2016.