Turkey: Market Reports
Turkey
Turkish industry hits troubled waters as 2025 downturn signals tough 2026
After years of strong export performance, Turkey’s yacht sector is grappling with a sharp decline in sales, rising costs, shrinking incentives, and mounting regional competition. While some builders remain cautiously optimistic, industry leaders warn that 2026 will demand robust public support and strategic resilience
Swedish builder expands into Turkey with new dealer partnership
Honda Marine Europe forms OEM partnership with Northstar, Zar Formenti
Türk P&I Insurance, Xone SuperYacht Group launch Yacht Assistance service
Numarine appoints new CEO to lead next phase of growth
Northstar establishes US operation
Turkish captain, crew face charges over fatal collision involving Mazu Yachts founder
TurkeyBigger and bolder as boatbuilders capitalise on boom years
Turkey works to further expand its already strong yacht building sector
TurkeyQuality at a price alchemy spells success for equipment sector
Turkey has a long history of manufacturing high-quality products at competitive prices, and the marine industry is no exception. Lower labour costs, a young and technically skilled workforce and good geographic location has helped the sector prosper
TurkeyBoat show scene undergoes transformation
Plans are afoot that could transform Turkey’s boat show calendar
![D-Marin_Gocek[4]](https://d1ajyvl96t5n4x.cloudfront.net/Pictures/415x277/1/0/2/34102_dmarin_gocek4_130884.jpg)
TurkeySurging prices take heat out of market
Turkey’s leisure boat sector is proving resilient despite the emotional and economic impact of February’s devastating earthquake and the country’s fragile macro-economic state
TurkeyNew and used boat sales rocket creating supply headaches
Demand has been on the rise for last two years and order books at Turkish yards are full
Companies - Turkey
NewsSwedish builder expands into Turkey with new dealer partnership
The appointment marks Lynxmar’s first official presence in the Aegean Sea
NewsHonda Marine Europe forms OEM partnership with Northstar, Zar Formenti
Collaboration will focus on delivering optimised boat-engine packages, streamlined production, and enhanced performance for customers across Europe
NewsTürk P&I Insurance, Xone SuperYacht Group launch Yacht Assistance service
Customers in the Aegean, Mediterranean and Adriatic will have access to 24/7 support
People - Turkey
NewsNumarine appoints new CEO to lead next phase of growth
Patrik von Sydow brings extensive leadership experience from across the global superyacht sector
NewsTurkish captain, crew face charges over fatal collision involving Mazu Yachts founder
Indictment alleges negligent watchkeeping and failure to report collision that killed Halit Yukay; trial set for December
NewsTurquoise Yachts announces leadership transition
Burak Akgül appointed CEO as Patrik von Sydow steps down after six transformative years
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