Turkey Freight And Logistics Market Comprehensive Insights 2019 to 2024
Global Turkey Freight And Logistics market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2019 to 2024 are profiled in this report
The Turkey freight & logistics market was estimated to be worth over USD 100 billion in 2017
The Turkey Freight And Logistics market is highly competitive and consists of a number of major players. Top Companies like DHL, Yusen Logistics, Hellmann Worldwide Logistics, Kuehne+Nagel, DB Schenker, XPO Logistics, DSV, United Parcel Service (UPS), CEVA Logistics, Nippon Express, C.H.Robinson, Agility Logistics, Logwin Logistics, Ekol Logistics, Omsan Logistics, Mars Logistics, Netlog Logistics, Borusan Logistics, Reysas Logistics, Horoz Logistics, Armada Logistics among others.
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Scope of the Report
The country intends to increase its foreign trade volume to USD 1.1 trillion, by 2023. The country’s geographical advantage needs to be supported by a good transport corridor, for which, the government has undertaken various projects, including constructing new roadways, railways, airports, and increasing port capacities.
Key Market Trends
Increasing Foreign Investments Boosting the Logistics Sector
The Turkish logistics sector has attracted foreign investments worth more than USD 1.9 billion, during the last decade. The increasing trade flows between the developing economies of Europe and Asia necessitate the growth of logistics infrastructure, in Turkey. Moreover, as the country is anticipated to benefit from Chinas One Belt One Road initiative, it has been attracting the foreign investments in the logistics sector
Additionally, the increasing public private partnerships in the country are expected to boost combined transportation. A Turkish government organization, called Investment Support and Promotion Agency of Turkey (ISPAT), provides assistance for investors who enter the country.
The country witnessed foreign trade worth USD 391 billion, in 2017. Maritime transport is the most used mode of transport for international freight movement, whereas, road transport dominates domestic freight movement.
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Cold Chain Logistics to Witness Robust Growth:
With a population of more than 80 million and growing urban population, the food & beverage sector is one of the important pillars of Turkey’s economy, and generated a revenue of USD 129 million, in 2017. The organized retail sector, with several grocery stores and food processing industries of more than 42,000 and around 500 beverage enterprises, drives the demand for cold chain logistics.
Moreover, changing consumer demand for frozen food and fresh products augment the need for the development of cold chain storages and transport systems, with efficient deliveries. The country has good warehouses for food storage, which have controlled temperatures and based on automated systems. The growth of the agricultural sector and horticultural systems drives the demand for cold storages, which are more than 350 in number, currently.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Turkey Freight And Logistics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The government is building 20 logistics centers/villages, of which, seven are already completed. With various modes of transportation between these centers, the overall cost of transportation is lowered. These logistics villages are estimated to carry freight worth USD 500 billion, by 2023. These present an advantage for 3PLs, in terms of cost reductions and expansion of networks.
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