Time Left

1.5 billion $ market size and 40.000 new elevator installation each year

In conjunction with the Urban Transformation Law and the growth of the construction sector, substantial developments are expected in the elevator industry.

In the coming period, with the increased housing need in the big cities of the country such as İstanbul, Ankara, İzmir, Adana and Diyarbakır, and the potential to be generated in line with this demand coupled with the advantages of the strategic geographical location of the country, the Turkish elevator industry offers a vast market for the international investors and buyers. The Housing Development Administration of Turkey (TOKI) will prioritize urban renewal and low-cost housing, in collaboration with municipalities. Considering the construction industry will be leaping forward, Turkish elevator industry will be active in this field as well.

Hydraulic power packs are essential in the production of hydraulic elevators. Turkey imports 90% of hydraulic power packs for this process.


•    600.000 installed elevator
•    40.000 new elevator installation each year
•    2.442 installation and maintenance companies
•    1.5 billion $ market size