The market is dominated by foreign suppliers, as imports account for 60.2% of total market size in 2023. Investments drive market demand, with investments representing 62.1% of total demand in 2023. Turkey has the fourth largest market size for motor vehicles and parts regionally, with demand reaching USD90.6 billion in 2023. Ford Otomotiv San AS is the largest company in Turkey, generating 15.2% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 44.2% of total production value in 2023. The total number of companies increases in 2023, to 8,067 units. The costs of the industry increase by 17.3% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 29.6% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 29.2% of total production output. With production value of USD34.2 billion, Turkey accounts for 3.1% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Motor Vehicles and Parts in Turkey: ISIC 34. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motor Vehicles and Parts in Turkey: ISIC 34 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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