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Electric Lighting Equipment Manufacturing in Turkey - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

TR-C274 August 2024 Factsheet

Revenue

€1.9bn

2019-2024 22.5 %
2024-2029 X.X %

Employees

48,019

2019-2024 9.0 %
2024-2029 X.X %

Businesses

3,434

2019-2024 0.5 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 XX.X %
2024-2029 X.X %

Electric Lighting Equipment Manufacturing in Turkey market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Turkey compared to Europe?

Country Benchmarking

Industry Data Turkey

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#10 In Europe
Business
#1 In Europe
Employees
#1 In Europe
Wages
#10 In Europe

The Electric Lighting Equipment Manufacturing in Turkey ranks 10 in Europe with regards to its 2024 revenue (€1.9bn). Revenue received by operators in Turkey has been moderate in volatility over the past five-year period, with the average annual change in revenue (22.5 %) most comparable to...

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Enterprises
Number of businesses in 2024

Revenue per Enterprise
Value (€ Million) in 2024

Top Questions Answered in this Report

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What is the market size of the Electric Lighting Equipment Manufacturing industry in Turkey in 2024?

The market size of the Electric Lighting Equipment Manufacturing industry in Turkey is €1.9bn in 2024.

How many businesses are there in the Electric Lighting Equipment Manufacturing in Turkey industry in 2024?

There are 3,434 businesses in the Electric Lighting Equipment Manufacturing industry in Turkey, which has grown at a CAGR of 0.5 % between 2019 and 2024.

Has the Electric Lighting Equipment Manufacturing industry in Turkey grown or declined over the past 5 years?

The market size of the Electric Lighting Equipment Manufacturing industry in Turkey has been declining at a CAGR of 22.5 % between 2019 and 2024.

What is the forecast growth of the Electric Lighting Equipment Manufacturing industry in Turkey over the next 5 years?

Over the next five years, the Electric Lighting Equipment Manufacturing industry in Turkey is expected to grow.

What does the Electric Lighting Equipment Manufacturing in Turkey include?

Electrical lighting or visual signaling equipment for motor vehicles and Chandeliers and other electric ceiling or wall lighting fittings are part of the Electric Lighting Equipment Manufacturing industry.

How competitive is the Electric Lighting Equipment Manufacturing industry in Turkey?

The level of competition is moderate and steady in the Electric Lighting Equipment Manufacturing industry in Turkey.

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Table of Contents

About this industry

Industry definition

Companies in this industry manufacture electric light bulbs and tubes, parts and components (except glass blanks for electric light bulbs), electric lighting fixtures and lighting fixture components (except current-carrying devices). Manufacturers also produce non-electrical lighting equipment.

What's included in this industry?

Electrical lighting or visual signaling equipment for motor vehiclesChandeliers and other electric ceiling or wall lighting fittingsElectric lamps and lighting fittingsSearchlights and spotlightsIlluminated signs, name-plates and road signsOther lamps and products

Industry Code

ISIC 2006

274 - Manufacture of electric lighting equipment in Turkey

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Current Performance

Charts
  • Revenue in the Electric Lighting Equipment Manufacturing in Turkey
  • Employees in the Electric Lighting Equipment Manufacturing in Turkey
  • Business in the Electric Lighting Equipment Manufacturing in Turkey
  • Profit in the Electric Lighting Equipment Manufacturing in Turkey

Current Performance

Analysis

How does this country's performance compare to Europe?


Life Cycle

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

International Trade

Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power
ANALYSIS

What is the competitive landscape in Europe?

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Manufacturers must comply with a range of EU regulations. The EU SLR - Single Lighting Regulation and EU ELR - Energy Labelling Regulation set more stringent minimum efficacy thresholds on light sources and ensure manufacturers correctly label their energy efficiency.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Electric Lighting Equipment Manufacturing in Turkey industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

High-value products support profit margins. Large-scale manufacturers with substantial R&D budgets have developed innovative products in recent years, allowing them to achieve a high markup, especially in the intelligent lighting systems and customised lighting solutions segments.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Electric Lighting Equipment Manufacturing in Turkey industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.