OVERVIEW OF TURKISH AWP RENTAL MARKET Effects on growth and the potential in the future. Erhan Acar
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1 OVERVIEW OF TURKISH AWP RENTAL MARKET Effects on growth and the potential in the future Erhan Acar
2 AWP RENTAL MARKET SITUTATION Strong development in the last 6 years AWP rental market players The interestof crane rental companies Fragmented market structure
3 PLATFORM ASSOCIATION OF TURKEY PLATFORMDER Platform Association of Turkey Established in 2016 Founded by Turkey s biggest 10 rental companies Represents 80% of AWP sector in Turkey. Membership Structure: rental companies, manufacturers, distributors and suppliers More than 100 members PLATFORMDER Activities platformder@platformder.org.tr Contributes to the regulations and legislative works related to AWP sector. Analysis AWP industry in Turkey and provides statistical reports. Organizes sectoral workshops and fairs Publishes monthly AWP magazine
4 MARKET TRENDS AND DRIVERS New regulations on health and safety at work The government has been putting more importance on Health and safety at work and brings some new regulations. This effects the use of AWPs directly in a positive way. Increasing awareness of AWP With the new players in AWP rental market and broaden geographical reach with additional depots by existing rental companies, awareness of AWPs is improved gradually. Gradually growing stronger construction market The Turkey's AWP rental market improving gradually driven by a stronger construction market especially non residential and growing economy year by year. Turkey s strategic geographic location Turkish investments usually covers the markets of border countries, Turkic Republics and some overseas countries.
5 EXPECTATIONS FOR TURKISH FLEET SIZE 30,000 FLEET SIZE (UNIT) 45.0% 41.2% 25,000 25, % 32.8% 33.3% 21, % 20,000 15,000 10, % 8, % 10, % 13,000 13,500 15, % 17, % 20.0% 19.0% 30.0% 25.0% 20.0% 15.0% 6, % 5,000 2,500 3,200 4, % 5.0% % AWP Fleet size Development and Expectations Growth H&S Regulation
6 EVALUTION OF AWP FLEET SIZE BY POPULATION COUNTRY POPULATION 2018 AWP FLEET SIZE FLEET PER INHABITANTS F F USA Germany Turkey France UK Italy Spain Netherlands Sweden Denmark Finland Norway Source: Some data referenced from IPAF 2018 report
7 TURKEY S POTENTIAL FOR AWP MARKET F 2018 AWP Rental Fleet per 100,000 Inhabitants 2017 Europe Avg. Turkey Turkey Potential => 64 => units => 13 => units => 64 => units FI NO DK SE NL UK FR DE ES IT Total Source: Some data referenced from IPAF 2018 report Europe US TR
8 TURKEY S POTENTIAL FOR AWP MARKET AWP Fleet Europe 10 countries units 2018-F AWP Fleet Europe 10 countries units Potential Fleet units Potential Fleet units 2017 Fleet Fleet % of the potential Currently at 24% of the potential
9 TURKEY S POTENTIAL FOR AWP MARKET 100% UTILISATION RATE 90% 80% 86% 81% 70% 60% 62% 62% 67% 67% 64% 64% 63% 63% 69% 70% 68% 69% 68% 66% 64% 65% 60% 61% 63% 62% 65% 66% 70% 69% 50% 40% 30% 20% 10% 0% FI NO DK SE NL UK FR DE ES IT Total 2017 Europe 2018-F 2018 US Source: Some data referenced from IPAF 2018 report TR
10 2017 AWP RENTAL FLEET MIX BY EQUIPMENT TYPE Others 16% Diesel Scissors 9% Electric Scissors 41% Others 7% Diesel Scissors 7% Electric Scissors 73% q Electric scissors are still the primary AWP segment for bothconstruction andnonconstruction applications Diesel Booms 22% q Demand for boom lifts has been increasing for 2 years Electric Booms 13% European 10 countries Diesel Booms 7% Electric Booms 6% Turkey Electric Booms Diesel Booms Electric Scissors Diesel Scissors Others Source: Data referenced from IPAF 2018 report and PLATFORMDER
11 SOME IMPORTANT PROJECTS NEW AIRPORT IN ISTANBUL Total Investment : 12 billion USD Total Area : m² Begining date : 2016 Location : Istanbul Capacity : 200m passengers per year SOCAR- STAR REFINERY Total Investment : 6.3 billion USD Total Area : m² Begining Date : 2013 Location : İzmir AKKUYU NUCLEAR POWER PLANT Total Investment : 20 billion USD Total Land Area : m² Begining Date : 2019 Location : Mersin
12 SOME IMPORTANT PROJECTS GRAND CITY HOSPITALS 30 hospitals in 22 cities with a total capacity of at least 43,000 beds SEVERAL OTHER NUCLEAR POWER PLANT PROJECTS KANAL ISTANBUL 45 km long channel project
13 Thank You Erhan Acar
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