The Turkey crane market size reached USD 696.80 Million in 2024 and is forecasted to reach USD 1,206.12 Million by 2033, growing at a CAGR of 5.64% during 2025-2033. The market expansion is fueled by infrastructure development, energy projects, and port logistics upgrades which are boosting the demand for mobile, fixed, and marine cranes across construction, industrial, and trade sectors. Strategic investments in transportation networks, renewable energy, and maritime infrastructure sustain strong growth momentum.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Turkey Crane Market Key Takeaways
- The Turkey crane market size was USD 696.80 Million in 2024.
- The market is expected to grow at a CAGR of 5.64% during 2025-2033.
- By 2033, the market size is projected to reach USD 1,206.12 Million.
- Infrastructure upgradation including roads, bridges, airports, and railways is driving crane demand.
- Energy and industrial sectors require cranes for heavy equipment placement and assembly operations.
- Port development and increased trade logistics are boosting demand for marine and port cranes.
- Mobile cranes are highly preferred for adaptability in construction, while fixed cranes serve long-term projects.
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Market Growth Factors
The Turkey crane market is propelled by consistent government focus on infrastructure upgradation encompassing roads, bridges, airports, and railways. Mega public and private projects necessitate cranes for lifting, assembly, and heavy material handling. Mobile cranes are favored for their flexibility across diverse construction sites, whereas fixed cranes support long-term structural needs. Urbanization and new residential and commercial projects elevate demand for high-capacity lifting equipment, essential for timely and safe completion of engineering tasks.
Increasing energy and industrial project developments further stimulate the crane market. Power generation facilities, renewable energy parks, and oil & gas projects demand cranes for installation of turbines, heavy equipment, and structural frameworks. Crawler and mobile cranes are preferred in energy ventures due to their mobility and heavy lifting capacity. Turkey's role as an energy transit corridor also necessitates robust infrastructure and lifting equipment to maintain operational efficiency.
Port infrastructure enhancements and trade logistics developments also drive the market. Turkey's strategic position between Europe and Asia fosters growing containerized trade, necessitating port and marine cranes for managing larger cargo volumes and ships. Expansion of terminals and new port constructions involve advanced quay and gantry cranes to optimize turnaround times and global trade competitiveness. Inland logistics centers are integrating cranes to automate cargo handling, bolstering supply chain efficiency and reinforcing Turkey's status as a logistics hub.
Market Segmentation
Product Type Insights:
- Mobile Cranes:
Widely used across construction and industrial sectors due to their versatility and mobility.
- Marine and Port Cranes:
Essential for managing containerized trade and port logistics, supporting cargo operations and terminal expansions.
- Fixed Cranes:
Serve long-term structural projects, primarily in infrastructure and industrial construction.
Application Insights:
- Construction and Infrastructure:
Utilize cranes for building roads, bridges, residential, and commercial development projects.
- Mining:
Employ cranes for heavy material handling and operational efficiency in extraction activities.
- Oil and Gas:
Require cranes for equipment placement, assembly, and maintenance in exploration and production sites.
- Others:
Include various industrial and trade sectors where cranes support operational needs.
Regional Insights
The report covers major regions including Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Black Sea, and Eastern Anatolia. While no explicit dominance statistics are given, investments in infrastructure, energy, and port logistics across these regions collectively foster steady demand for cranes. Turkey's role as a logistic gateway between Europe and Asia underscores the importance of regional development for market growth.
Recent Developments & News
In August 2024, Türkiye's BVS Cranes secured a deal with Deutsche Bahn to supply four RMG yard cranes with 41-tonne lifting capacity to Stuttgart and Munich terminals, marking its first collaboration with DB, with deliveries scheduled for 2025. In July 2024, Turkish heavy lift company Hareket enhanced its fleet with the delivery of a 2,200-tonne capacity Sany SCE22000A crawler crane in Dubai. This investment supports operations in energy, oil & gas, nuclear, and mega construction projects, reinforcing Hareket's leadership in regional heavy lifting solutions.
Key Players
- BVS Cranes
- Hareket
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