15-16-17 March 2018 | IFM - Istanbul Expo Centre | Turkey

4th Exhibition for Fastener and Fixing Technology

Turkey’s Major Fastener Sectors

  Automotive

► Turkey ranks first in light commercial vehicle production in Europe

► Turkey has risen to be the 7th largest automotive producer in Europe and the 16th in the world, with an annual production capacity for 2 million vehicles

► In 2016 the Turkish automotive industry turned out 1.45 million vehicles, a 7% increase on the previous year; 1.1 million of these for export, with the EU its main market

► Turkey is a production base for more than 250 global suppliers in the automotive sector

► Five of the world's automotive giants are launching the new models produced in Turkey following nearly US$1.2 billion in investments in 2016

► Low level of car ownership in Turkey compared with Europe provides great opportunities for domestic market growth

  Construction & Infrastructure

► Turkey continues to develop mega projects such as a third airport for Istanbul, intercontinental bridges and tunnels

► According to the Turkish Contractors Association, by the end of March 2016 Turkish contractors had undertaken 8,755 projects in 107 countries, with a total business volume of US$325 billion

► The 840 km Baku-Tbilisi-Kars Railway now links the country to Georgia, Azerbaijan and the Caspian Sea, greatly improving trade in the region

► The government has set targets for expanding the highways and rail networks, including 12,000 km of high-speed lines

► There are plans to build three new ports and to increase container handling capacity from 8.4 million TEUs in 2015 to 32 million by 2023

  Energy and Renewable Energy

► Turkey is ranked first in Europe and 7th overall in geothermal energy resources

► US$130 billion of estimated investments required to meet 6% annual rises in energy demand up to 2023

► The country currently has approximately 75GW installed power generation capacity consisting of 29% of NG-fired power plants, 26% hydroelectric, 21% coal-fired, 17% renewables and 7% other thermal. Target is to reach 120GW by 2023 and for 30% of this to be from renewables

► Turkey has become a regional energy hub and transit centre for natural gas and oil from the Caspian Sea to Europe

  Furniture

► The furniture industry is predicted to be one of the continuing driving forces behind the Turkish economy, with a compound annual growth rate of 9% forecast up to 2020

► 35,000 companies are involved in furniture making

► Production capacity is worth more than US$10 billion, with exports to more than 170 countries valued at US$2.4 billion

► Already ranked 15th furniture exporter worldwide and aiming to be in the top 5 by 2023

  Machinery

► The furniture industry is predicted to be one of the continuing driving forces behind the Turkish economy, with a compound annual growth rate of 9% forecast up to 2020

► 35,000 companies are involved in furniture making

► Production capacity is worth more than US$10 billion, with exports to more than 170 countries valued at US$2.4 billion

► Already ranked 15th furniture exporter worldwide and aiming to be in the top 5 by 2023

  Home Appliances

► Turkey is the leading European white goods manufacturer, with a production capacity of 25 million units per year

► Revenue in the sector was expected to rise to US$619m in 2017 and then to show a compound annual growth rate of 14% up to 2021, resulting in a market volume by then of US$1,045m

  Information and communication technologies (ICT)

► By 2023 Turkey aims to increase the ICT sector’s size to US$160 billion, with an annual market growth of around 15%

► Plans include increasing the number of ICT companies to 5,500 and exports to US$10 billion

► ICT spending in Turkey is expected to grow faster than the world average, increasing to US$30 billion by 2017

Latest news

  • Following the successful conclusion of the 2016 edition, Fastener Fair Turkey will return to Istanbul in 2018
  • Contact us at turkey@fastenerfair.com for more information. See you again soon in Istanbul!

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