Turkiye Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (Q3 2026)
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GlobalData revised down the growth forecast for the Turkish construction industry for 2026 from its Q2 2026 forecast of 5.5% to an annual growth of 2% in Q3 2026 update. This downward revision reflects weaker construction activity in recent quarters, as a result of rising construction costs and persistence of high interest rates. According to Turkish Statistical Institute (TurkStat), the construction industry’s value-add fell by 1.9% year on year (YoY) in Q2 2026, down from YoY growth rates of 3.2% in Q1 2026 and 9.1% in Q4 2025. In another setback, construction builders might feel discouraged from taking construction loans due to a high interest rate. In mid-September 2026, Turkey’s central bank maintained the interest rate at 37% for the fifth consecutive meeting of monetary policy committee due to growing uncertainty amid geopolitical developments which might elevate the energy prices in the coming months if geopolitical scenario worsens in the Middle-East region. However, growth in 2026 will be supported by the implementation of the 2026 investment program that was launched in January 2026, under which the government earmarked TRY1.9 trillion ($44.4 billion) for public investment projects in 2026, covering 13,887 initiatives and 3,857 major development projects.
GlobalData expects the construction industry to gain momentum by registering an average annual growth of 3.8% from 2027 to 2030, supported by investments in the housing, transport and renewable energy projects. In early September 2026, the Ministry announced its plan to expand the fiber-optic infrastructure (laying physical high-speed data cables) along the nation’s road network from 7,931km in July 2026 to 20,141km by the end of 2053. Moving ahead, the renewable energy sector will be supported by investment under Municipal Renewable Energy Transition Program, a program that outlines Turkish government’s aim to increase the installed solar and wind power capacity from 42.9GW at the end of July 2026 to 120GW in 2035 and achieve carbon neutrality by 2053. This is part of a broader plan of Türkiye’s Vision 2053 which is a long-term strategic road map to make the nation transform into a global hub for sustainable green development, advanced technologies, and economic power by 2053. In addition, the government is aiming to have 20GW of nuclear energy capacity by 2050 compared to no nuclear generation capacity in 2025. In another boost to the construction industry, in line with efforts to replenish the housing stock following recent earthquakes, in June 2026, Turkiye’s Ministry of Environment, Urbanization and Climate Change announced its plan of building 500,000 new housing units covering all 81 provinces of Turkey whose process of delivering to the home owners will commence from March 2027 onwards under the “Housing Project of the Century”, with full completion targeted by the end of 2028.
GlobalData’s Construction in Turkiye – Key Trends and Opportunities to 2030 (Q3 2026) report provides detailed market analysis, information, and insights into the Turkish construction industry, including:_x000D_
– The Turkish construction industry's growth prospects by market, project type and construction activity_x000D_
– Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Turkish construction industry_x000D_
– Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope
This report provides a comprehensive analysis of the construction industry in Turkiye. It provides:
– Historical (2021–2025) and forecast (2026–2030) valuations of the construction industry in Turkiye, featuring details of key growth drivers.
– Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
– Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
– Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies_x000D_
Assess market growth potential at a micro-level with over 600 time-series data forecasts_x000D_
Understand the latest industry and market trends_x000D_
Formulate and validate business strategies using GlobalData's critical and actionable insight_x000D_
Assess business risks, including cost, regulatory and competitive pressures_x000D_
Evaluate competitive risk and success factors
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