Increasing the number of construction sector companies in Turkey by about 43%

The construction sector in Turkey has witnessed significant growth in recent years, after the number of companies operating in this sector increased by nearly 43%.

Increasing the number of construction sector companies in Turkey by about 43%
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2021-10-22 Last update 2021-11-01

Increasing the number of construction sector companies in Turkey by about 43%

According to official data, Turkey's construction sector grew significantly after registering a more than 43% increase in the number of companies operating in the sector.

The construction sector in Turkey has witnessed remarkable growth in recent years

Coinciding with the great economic renaissance that Turkey witnessed in its various economic sectors, the construction sector in Turkey has witnessed significant growth, especially in recent years.

The growth of the construction sector was manifested by a significant increase in the number of construction companies in Turkey, and by the great development in the products of this sector of luxury real estate projects, which competed with prominent global markets, and attracted large numbers of investors from all over the world.

The number of companies operating in the construction sector is witnessing an increase of 43% in 10 years

According to what Anadolu Agency reported on the general budget report for the construction sector in Turkey for the year 2020, which is prepared in cooperation between the Central Bank of Turkey and the Turkish Statistics Authority, the number of companies operating in the real estate sector has witnessed a steady increase in recent years, with the increase in the number of companies operating in the sector Turkish construction over the past ten years 43.2%, according to the aforementioned report.

In the details of the figures contained in the report, the number of companies operating in the Turkish construction sector in 2011 reached 88,701 construction companies, bringing this number to 100,931 companies in 2015.

The graph of the number of companies operating in the Turkish construction sector continued to rise to 121,494 companies in 2019 and then continued to rise until its numbers in 2020 reached 127,50 companies, recording a small increase due to the repercussions of the spread of the Coronavirus.

The construction sector in Turkey

Smaller companies are the most in Turkey

The report of the general budget for the construction sector in Turkey stated that companies were classified according to their sizes, as follows:

  • Smaller companies ranked first among the construction companies, in terms of their number in the Turkish construction market, which reached 99,220 companies.
  • Small companies ranked second with 23,475 companies.
  • Medium companies ranked third with 3,869 companies.
  • Large companies ranked fourth with 486 companies.
 

As for the types of companies operating in the construction sector in Turkey during the past year, according to the data of the aforementioned report, it was stated as follows:

  • Limited companies ranked first among the types of companies operating in the construction sector, with 101,799 companies.
  • Followed by the closed companies in the second place with a number of 18,015 companies
  • Then cooperative companies came in third place with 3,082 companies.
 

الجنسية التركية انجليزي الجنسية التركية انجليزي

The number of employees in the companies witnessed some fluctuation

According to the data of the construction sector budget report 2020, the number of workers in construction sector companies witnessed some fluctuations between rising and fall during the past ten years, as their numbers ranged as follows:

The number of workers increased from 978,089 in 2011 to 1,310,109 in 2015, then continued the increase until it reached 1,428,555 workers in 2018.

In the years that followed, the number of workers witnessed a noticeable decrease, reaching 1,100,127 workers in 2019, and then continued to decline to 1,107,177 workers in 2020.

construction companies in Turkey

 

Edited by Imtilak Real Estate©

Reference: Emlak Kulesi

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