The only thing stopping the Ottomans from the late 18th century onwards is time and Russia, to be frank. If the Ottomans had made better use of the Napoleonic Wars to reform themselves and avoided the worst of the Janissary revolts and their excesses, their Balkan provinces would have been far, far more stable and arguably in a good position to industrialize, were a Sultan actually that far-thinking.
The Balkans have no shortage of natural resources; for example, the Ottoman's Balkan provinces have more coal combined than Great Britain, if Wikipedia's modern-day coal reserve listings are accurate. Bosnia is a wealthy source of timber and the like. Iron and copper are also far from scarce in the Balkans and Anatolia. The Balkans are also fairly good agricultural terrain, and have easy access to grains via Egypt. Additionally, the Ottoman's extra-European empire is more than capable of providing various goods useful for early industry such as wool, cotton, and dyes.
The hardest aspects about Ottoman industrialization is the Ottoman government itself, and how difficult it can potentially costly it could be to move resources around.
In addressing the latter, Bosnia may have the resources to be an industrial powerhouse but it's not Britain, where everything is close to a coast or a river and thus an easy means to transport goods both rapidly and cheaply. The areas best suited for early forms of industrialization are actually the Ottoman's Mediterranean provinces in terms of transportation. Conversely, the areas most suited to heavy industry due to the close availability of industrial metals and coal are the Ottomans' more landlocked provinces.
The Ottomans' potential to break out as a major industrial power, ignoring all other factors other than land and resources, is more or less limited to a proto-industrial state at best until the advent of reliable railroad networks, something that came far too late IOTL for the Porte.
As for the Ottoman administration, it's simply not a modern one capable of dealing with the realities of capitalism, and is feudal with its nature of taxation. I really couldn't recall details since it's been a while since I've read about the Ottoman tax system but tax collectors when not corrupt where playing with a system that taxed in yearly farm produce and animals rather than yearly income up until the later 19th century, as well as limited social mobility outside of the Janissaries; and the Janissaries as a good vehicle for social mobility hadn't been a thing for a while now. The availability of capital in the Ottoman Empire is also a major problem as it's simply not something the Ottomans are in a position to offer from a place of central authority, what with their IOTL history of constant deficit and near bankruptcy due to their poor administrative system by the standards of their era. A lot of time and effort during the Tanzimat was ultimately expended trying to modernize and empower the central government with mixed success; to be really broad, Egypt was a failure that even when a golden opportunity was presented to salvage it, the Ottomans were unable to act on because of money problems, the Kurds were ignored because it would simply have been unfeasible, the Levant was a secondary priority when compared to the Balkans, Anatolia was much the same, Bulgaria was a PR nightmare with questionable results, the Greeks were more or less a doomed cause because of the existence of a Hellenic nation-state, and a lot of Beys revolted causing more expenditure and bloodshed, such as in Bosnia. The Romanian principalities were essentially lost because of outside interference and the Sultans being unable to see the way the wind was blowing.
Really, the Ottomans are simply in a hard place because of their fall into decadence and while certainly possible, it's never going to be a smooth ride with Russia as a neighbor and the other European Great Powers constantly plotting the best way to carve your state to pieces.