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
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
Espen Øino to develop 50m superyacht for Turkish yard
Turkish builder adopts Watchit AI collision prevention system fleet-wide
Turkish builder appoints GCC dealer as international expansion continues
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
NewsEspen Øino to develop 50m superyacht for Turkish yard
Design work is set to begin in December, with the model due to be unveiled in Q2 2026
NewsTurkish builder adopts Watchit AI collision prevention system fleet-wide
ADA Yachts has selected the AI-driven safety technology for integration across its complete production line
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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