- Turkey is planning to establish logistics bases in African countries such as Ethiopia, Morocco, Kenya, South Africa, and others after seeing an exponential rise in trade in the last 16 years. Moreover, the government officials will pay visits to Nigeria, Tanzania, Kenya, Rwanda, and Mozambique to sign free trade agreements (FTAs) with these countries.
- Turkey is planning to establish itself as a major manufacturing power by 2023. The machinery and equipment manufacturing sector aims to achieve USD 100.0 billion in export. Turkey, with help from the European Union, is focusing on increasing its R&D base, by encouraging domestic and foreign investors to set up units in the technology development zones (TDZ), in Turkey.
- Turkey’s Middle Corridor initiative would create new transport routes to connect East Asia to Europe. The "Trans-Caspian East-West Middle Corridor", would effectively create high-speed rail lines that could ship cargo from the eastern parts of Asia to Europe within two weeks, connecting China through Central Asia, the Caspian Sea and all the way to the Caucasus region.
Upcoming Industrial Zones in Turkey: The Turkish government has decided to establish six mega industrial zones in Istanbul, Bursa, Balıkesir, İzmir and Mardin with a TRY 23.1 billion (nearly USD 3.7 billion) investment. These zones will attract significant international investments, facilitate technology-oriented production and encourage foreign direct investment (FDI) in Turkey.Turkey Logistics Master Plan 2023: The Turkish government has set ambitious targets in the field of domestic logistics as a part of the master plan. As a part of the master plan, the government focuses on investing in transport infrastructure to achieve remarkable growth in the logistics sector in Turkey. Some of the key highlights of the master plan include the construction of a new Istanbul Airport, redevelopment of the iconic Haydarpasa port, extension of railway infrastructure and others.
Turkey Exports Master Plan: The Turkish government has recently announced the Export Master Plan to realize the goal of sustainable export. As a part of the plan, it will select 17 target countries and prioritize five sectors to raise the country's exports. The plan named the machinery, automotive, electric and electronics, chemical and food industries as priority sectors, and the U.S., Brazil, China, Ethiopia, Morocco, South Africa, South Korea, India, Iraq, the U.K., Japan, Kenya, Malaysia, Mexico, Uzbekistan, Russia and Chile as target countries. The government aims to raise the share of high-tech export on total exports to 5% from its current level of 3.5% by setting up specialized free-trade zones.Analysts at Ken Research in their latest publication “Turkey Logistics and Warehousing Market Outlook to 2025 – By Domestic and International Freight Forwarding Throughput, Revenue & Flow Corridor (Road Freight and Pipelines, Sea, Air, and Rail Freight), By Warehousing (Industrial / Retail, Container Freight / Inland Container Depot & Cold Storage), By 3PL, Courier Express & Parcel, Domestic and Cross Border E-commerce Logistics” believe that the logistics industry is in its growth stage and is projected to expand in future through increasing government investment to improve the nation’s infrastructure, increasing volumes of imports and exports and adaptation to new technology. Thus, the market is expected to register a positive CAGR of 12.3% in terms of revenue during the forecast period of 2018-2025.Key Segments Covered:-Logistics and Warehousing:By Service Mix (Freight Forwarding, Warehousing, Courier Express, and Parcel Activities and Value Added Services)Freight Forwarding:By Mode of Service (Road Freight and via Pipelines, Sea Freight, Air Freight, and Rail Freight)By Mode of Freight (Domestic and International Freight Forwarding)By Flow Corridors (European Countries, Asian Countries, American Countries, and Others)By End Users (Manufacturing, Automotive, Food and Beverages, Consumer Retail and Others)By Third-Party Logistics (3PL) and Integrated LogisticsWarehousing:By Business Model (Industrial/Retail, Container Freight/Inland Container Depot, and Cold Storage)By Type of Warehouses (Closed Warehouses, Open Yards, and Cold Storage)By Region (Istanbul, Izmir, Ankara, Bursa, and Others)By Third-Party Logistics (3PL) and Integrated LogisticsBy End Users (Food and Beverages, Automotive, Manufacturing, and Consumer Retail & Others)Third-Party Logistics:By Phases of Delivery ((Hub-Hub, Hub-Spoke, and Spoke-Door)By Service Mix (Freight Forwarding and Warehousing)Snapshot on Turkey Courier, Express and Parcel MarketSnapshot on Turkey E-Commerce Logistics MarketKey Target Audience:-Logistics CompaniesWarehousing CompaniesCold Chain CompaniesCourier and Parcel CompaniesExpress Logistics CompaniesE-Commerce Logistics CompaniesLogistics AssociationGovernment AssociationInvestors and Private Equity CompaniesTime Period Captured in the Report:-Historical Period: 2013-2018Forecast Period: 2019-2025Key Companies Covered:-Freight Forwarding and Warehousing Market:Ekol LogisticsNetlog LogisticsMars LogisticsDHLKuehne + NagelBorusan LogisticsYusen Inci LogisticsHellmann Worldwide LogisticsOmsan LogisticsCEVA LogisticsKarinca LogisticsKITA LogisticsDB SchenkerAgility LogisticsCourier and Parcel Market:PTTYurtici CargoKey Topics Covered in the Report:-Executive SummaryResearch MethodologyLogistics Infrastructure in Turkey Logistics MarketCross Comparison of Turkey Logistics and Warehousing Market with Other CountriesValue Chain Analysis for Turkey Logistics MarketTurkey Logistics and Warehousing MarketTurkey Freight Forwarding MarketTurkey Warehousing MarketTurkey Third-Party Logistics (3PL) MarketSnapshot on Turkey Courier, Express and Parcel MarketSnapshot on Turkey E-Commerce Logistics MarketCompany Profiles of Major Players in Turkey Logistics and Warehousing MarketTrade Scenario in Turkey Logistics and Warehousing MarketIndustry Norms and Regulations in Turkey Freight Forwarding and Warehousing MarketTrends and Developments in Turkey Freight Forwarding and Warehousing MarketIssues and Challenges in Turkey Freight Forwarding and Warehousing MarketSWOT Analysis for Turkey Warehousing MarketAnalyst Recommendations for Turkey Freight Forwarding and Warehousing MarketTurkey Logistics and Warehousing Market Future Outlook and ProjectionsFor More Information On The Research Report, Refer To Below Link:-Related Reports by Ken Research:-Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Thursday, January 23, 2020
Turkey Logistics and Warehousing Industry Revenue is Expected to Cross TRY 350 Billion by the year 2025: Ken Research
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