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Türkiye is booming in the logistics sector: L.I.T. invests in new opportunities!
In Neumünster, Turkey is highlighted as a growing logistics hub, with significant investments in infrastructure and international transport.
Türkiye is booming in the logistics sector: L.I.T. invests in new opportunities!
The L.I.T. Group has fleshed out its plans to strengthen its presence in Turkey. In the midst of an economic boom, the company plans to further expand its European transport infrastructure and establish itself as a reliable partner in international road freight transport. Managing Director Mehmet Ozyilmaz emphasizes the importance of stable partnerships and highlights that Turkey has a strategic location that connects markets with a trade volume of approximately USD 10 trillion, including Europe, Africa and Central Asia. The recently accelerated infrastructure investments make Turkey the ideal location for logistics business, as transport-online.de reports.
But what exactly attracts companies like L.I.T. to Turkey? A crucial factor is the significant total investment of USD 280 billion in the transport and logistics sector between 2003 and 2024. In particular, 55% of this amount will flow into rail transport, which underlines the Turkish State Railway's plans to build twenty multimodal logistics centers by 2023. These centers will be connected to major seaports and airports, creating a state-of-the-art logistics infrastructure that will significantly facilitate national and international trade. According to invest.gov.tr, the total cargo tonnage in Turkey is estimated to be around 1.5 billion tons by 2035.
Türkiye as a logistics hub
Turkey aims to compete globally and plans to improve its position in the Logistics Performance Index. In order to rank among the top 10 countries, a number of measures are necessary: expanding logistics centers, optimizing business management in these centers and supporting digital transformation. With this in mind, Turkey is becoming not only a logistics hub in the middle corridor, but also an integration point for various markets with a massive GDP of USD 30 trillion, reaching 67 countries within a four-hour flight radius. These developments open many doors for companies looking to expand into the region.
Ozyilmaz from L.I.T. plans to deepen local collaborations and develop new business opportunities in neighboring markets. The exhibitor commitment at Logitrans, which takes place from November 19th to 21st in Istanbul, shows the company's ambition to specifically enter the Turkish market.
Industry and logistics are changing
Turkish industry is characterized above all by dynamic sectors such as the food and automotive industries. Companies like the Ülker Group or Pinar Dairy benefit from modern infrastructure and advanced technologies. The automotive industry is also strong, with 626,000 new car imports in 2023 and local production of 1.4 million vehicles. Turkey has thus become one of Europe's largest automobile importers, supported by its geographical advantages and high labor capacity.
In addition, the market for heavy-duty logistics is constantly growing. Since Universal Transport opened a branch in Turkey in 2016, the sector has developed significantly. With a market volume of 1.7 billion US dollars in the area of lifting and conveying equipment, Turkey has proven that it is a sought-after location here too.
In summary, Turkey not only impresses with its outstanding location, but also with strategic investments and long-term visions in the logistics sector. Although the challenges should not be underestimated, the opportunities that arise from these developments are enormous. It remains to be seen how the market will develop further and what new collaborations will emerge. The trend is definitely pointing in a positive direction and the signs point to growth.