Tooling in Turkey

The Turkish economy has grown continuously in the past decades. The growth is mainly driven by the manufacturing industry, which profits from the geographic proximity to Europe as well as the still low factor costs. This development is accompanied by a continuously increasing demand for more sophisticated tools, which makes Turkey gain in significance for European tool shops as a sales market. At the same time, the number of Turkish tool shops that are capable of manufacturing tools of average complexity in good quality is rising. Thus, Turkey is also coming into the focus of European companies as a procurement market. However, the Turkish tool market is non-transparent and the capabilities as well as the structures of the companies are very heterogeneous. Detailed knowledge of the market with respect to the abilities of potential suppliers or partners in the tool and die making industry is therefore increasingly valuable for successful tool procurement.