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TURKEY SHIP RECYCLING MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Turkey Ship Recycling Market by Vessel Size (Below 60,000 DWT, 60,000 DWT to 125,000 DWT, Above 125,000 DWT) Market by Method (Beaching, Berthing, Dry-dock, Alongside and Slipway, Other Methods) Market by Vessel Type (Oil Tanker, Bulk Carrier, Offshore Vessel, Liquified Gas Carrier, Ferry and Passenger Ship, Chemical Tanker, General Cargo Ship, Container Ship, Other Vessel Types)

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MARKET OVERVIEW

The Turkey ship recycling market is estimated to reach $xx million by 2032, growing at a CAGR of 7.32% over the forecast period 2024 to 2032. A prominent driver fueling the country’s market growth includes Turkey’s strategic geographical location, situated at the crossroads of Europe and Asia, making it an ideal hub for ship recycling activities. 

Moreover, the geographic advantage facilitates easy access to maritime routes, attracting shipowners looking to retire their vessels and capitalize on Turkey’s competitive dismantling services. Additionally, the nation’s established infrastructure for shipbreaking, including well-equipped yards and skilled labor, further enhances its appeal to shipowners seeking efficient and cost-effective recycling solutions.

Turkey Ship Recycling Market

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Despite the favorable conditions, regulatory as well as environmental concerns loom large, as stakeholders increasingly prioritize sustainable and eco-friendly practices in shipbreaking operations. Compliance with international conventions such as the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships presents a significant challenge, requiring substantial investments in upgrading facilities and processes to meet stringent environmental standards. 

Accordingly, employing technological innovations and adopting environmentally friendly practices is crucial for maintaining adherence to international regulations and meeting the growing demand for sustainable ship recycling solutions. Furthermore, higher investments in workforce training to enhance operational efficiency as well as safety standards are expected to further strengthen Turkey’s competitive edge in the global market. 

Inkwood Research’s report on the Turkey ship recycling market provides in-depth insights as well as the market’s segmentation analysis. The detailed evaluation of the market includes Competitive Landscape, Key Buying Criteria, Regulatory Framework, and Value Chain Analysis. The segmentation analysis of the Turkey ship recycling market entails vessel size, method, and vessel type.

Key players operating the Turkey ship recycling market include Leyal Ship Recycling Group, Işıksan Ship Recycling, Dortel Ship Recycling Company, etc.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast Units

Revenue ($ Million)

Segments Analyzed
Vessel Size, Method, and Vessel Type
Countries AnalyzedTurkey
Companies AnalyzedLeyal Ship Recycling Group, Işıksan Ship Recycling, Dortel Ship Recycling Company, Sok Denizcilik and Ticaret Limited, Şimşekler Group
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS
    4. SCOPE OF STUDY
    5. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON SHIP RECYCLING MARKET
    6. MAJOR MARKET FINDINGS
      1. FAVOURABLE ENVIRONMENTAL REGULATIONS ADD TO MARKET GROWTH
      2. MARGINAL GROWTH IN SHIPPING YARD CAPACITIES 
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. STRINGENT SHIP END-OF-LIFE REGULATIONS CONTRIBUTE TO THE GROWTH OF THE STUDIED MARKET
      2. GROWING METAL SCRAP DEMAND POSITIVELY INFLUENCES SHIP RECYCLING MARKET
      3. AGEING FLEET AND VESSEL REPLACEMENT DRIVE DEMAND FOR SHIP RECYCLING 
    2. KEY RESTRAINTS
      1. LACK OF ENVIRONMENTAL SAFETY DUE TO POLLUTION ARISING FROM SHIP DISMANTLING
      2. CONCERNS REGARDING POOR HAZARDOUS WASTE MANAGEMENT DURING SHIP RECYCLING
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. ADOPTION OF SUSTAINABLE SHIP RECYCLING
      2. IMPROVISATION AND ADVANCEMENT OF SHIP RECYCLING TECHNOLOGY
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR TURKEY
    4. MARKET MATURITY ANALYSIS
    5. VALUE CHAIN ANALYSIS
      1. RAW MATERIAL SOURCING
      2. MANUFACTURING AND PRODUCTION
      3. DISTRIBUTORS AND LOGISTICS
      4. RETAILERS AND END-USERS
    6. KEY ASPECTS OF SHIP RECYCLING
      1. RECOVERY OF MATERIALS AND WASTE MANAGEMENT
      2. BASEL CONVENTION COMPLIANCE
      3. ENVIRONMENTAL SUSTAINABILITY
      4. OCCUPATIONAL HEALTH AND SAFETY
      5. SOCIAL RESPONSIBILITY
      6. COMPLIANCE WITH REGULATIONS AND STANDARDS
      7. TRANSPARENCY AND TRACEABILITY
      8. INFRASTRUCTURE AND EQUIPMENT
    7. REGULATORY FRAMEWORK
  5. MARKET BY VESSEL SIZE
    1. BELOW 60,000 DWT
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. 60,000 DWT TO 125,000 DWT
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. ABOVE 125,000 DWT
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY METHOD
    1. BEACHING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. BERTHING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. DRY-DOCK
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. ALONGSIDE AND SLIPWAY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER METHODS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY VESSEL TYPE
    1. OIL TANKER
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. BULK CARRIER
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. OFFSHORE VESSEL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. LIQUIFIED GAS CARRIER
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. FERRY AND PASSENGER SHIP
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. CHEMICAL TANKER
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    7. GENERAL CARGO SHIP
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    8. CONTAINER SHIP
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    9. OTHER VESSEL TYPES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. COMPETITIVE LANDSCAPE
    1. COMPANY PROFILES
      1. LEYAL SHIP RECYCLING GROUP
        1. COMPANY OVERVIEW
        2. SERVICE LIST
      2. IŞIKSAN SHIP RECYCLING
        1. COMPANY PROFILE
        2. SERVICE LIST
      3. DORTEL SHIP RECYCLING COMPANY 
        1. COMPANY PROFILE
        2. SERVICE LIST
      4. SOK DENIZCILIK AND TICARET LIMITED 
        1. COMPANY PROFILE
        2. SERVICE LIST
      5. ŞIMŞEKLER GROUP
        1. COMPANY OVERVIEW
        2. SERVICE LIST

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – SHIP RECYCLING

TABLE 2: TURKEY SHIP RECYCLING MARKET, BY VESSEL SIZE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: TURKEY SHIP RECYCLING MARKET, BY VESSEL SIZE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 4: TURKEY SHIP RECYCLING MARKET, BY METHOD, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: TURKEY SHIP RECYCLING MARKET, BY METHOD, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: TURKEY SHIP RECYCLING MARKET, BY VESSEL TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: TURKEY SHIP RECYCLING MARKET, BY VESSEL TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR TURKEY

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: TURKEY SHIP RECYCLING MARKET, GROWTH POTENTIAL, BY VESSEL SIZE, IN 2023

FIGURE 6: TURKEY SHIP RECYCLING MARKET, BY BELOW 60,000 DWT, 2024-2032 (IN $ MILLION)

FIGURE 7: TURKEY SHIP RECYCLING MARKET, BY 60,000 DWT TO 125,000 DWT, 2024-2032 (IN $ MILLION)

FIGURE 8: TURKEY SHIP RECYCLING MARKET, BY ABOVE 125,000 DWT, 2024-2032 (IN $ MILLION)

FIGURE 9: TURKEY SHIP RECYCLING MARKET, GROWTH POTENTIAL, BY METHOD, IN 2023

FIGURE 10: TURKEY SHIP RECYCLING MARKET, BY BEACHING, 2024-2032 (IN $ MILLION)

FIGURE 11: TURKEY SHIP RECYCLING MARKET, BY BERTHING, 2024-2032 (IN $ MILLION)

FIGURE 12: TURKEY SHIP RECYCLING MARKET, BY DRY-DOCK, 2024-2032 (IN $ MILLION)

FIGURE 13: TURKEY SHIP RECYCLING MARKET, BY ALONGSIDE AND SLIPWAY, 2024-2032 (IN $ MILLION)

FIGURE 14: TURKEY SHIP RECYCLING MARKET, BY OTHER METHODS, 2024-2032 (IN $ MILLION)

FIGURE 15: TURKEY SHIP RECYCLING MARKET, GROWTH POTENTIAL, BY VESSEL TYPE, IN 2023

FIGURE 16: TURKEY SHIP RECYCLING MARKET, BY OIL TANKER, 2024-2032 (IN $ MILLION)

FIGURE 17: TURKEY SHIP RECYCLING MARKET, BY BULK CARRIER, 2024-2032 (IN $ MILLION)

FIGURE 18: TURKEY SHIP RECYCLING MARKET, BY OFFSHORE VESSEL, 2024-2032 (IN $ MILLION)

FIGURE 19: TURKEY SHIP RECYCLING MARKET, BY LIQUIFIED GAS CARRIER, 2024-2032 (IN $ MILLION)

FIGURE 20: TURKEY SHIP RECYCLING MARKET, BY FERRY AND PASSENGER SHIP, 2024-2032 (IN $ MILLION)

FIGURE 21: TURKEY SHIP RECYCLING MARKET, BY CHEMICAL TANKER, 2024-2032 (IN $ MILLION)

FIGURE 22: TURKEY SHIP RECYCLING MARKET, BY GENERAL CARGO SHIP, 2024-2032 (IN $ MILLION)

FIGURE 23: TURKEY SHIP RECYCLING MARKET, BY CONTAINER SHIP, 2024-2032 (IN $ MILLION)

FIGURE 24: TURKEY SHIP RECYCLING MARKET, BY OTHER VESSEL TYPES, 2024-2032 (IN $ MILLION)

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