Turkey Automotive Aftermarket Market

Turkey Automotive Aftermarket present significant opportunities, with over millions of passenger vehicles are currently out of warranty in 2023, and the passenger cars with an out of warranty population is projected to grow at a robust CAGR from 2023-2031.

Turkey Automotive Aftermarket Overview

Turkey has established itself as a robust production and engineering hub, with the global automotive industry’s value chain. With its impressive capabilities, Turkey positions the 15th largest automotive industry around the globe. The country maintains a steadily robust average export rate, hardening its position as a fundamental hub for international brands in terms of production, engineering, and export for universal markets.

The Turkish Automotive Industry mainly centers its functions in some key cities such as Izmit, Bursa, Ankara, Izmir, and Aksaray, which serve as main points for manufacturing and innovation within the segment. In addition, favorable business surroundings have underwritten a rise in domestic requirements within the Turkey Automotive Industry.

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Key Turkey Automotive Aftermarket Market Drivers

Growing demand for replacement parts and increasing requirement for improved safety, connectivity, convenience, and driver assistance features. These aspects are shaping the advanced automotive industry in Turkey. However, challenges such as enhancing battery effectiveness, and managing chip shortages are stated as potential challenges for auto producers around the region.

OEM producers are strategically planning to prolong their production amenities in Turkey, a move assisted by the Turkish government, which views the automotive sector as an important revenue generator. The government actively motivates foreign direct investments around the automotive industry, further propelling its growth.

Turkey stands out as one of the most significant and speedily rising automobile markets around the region. Different aspects, involving the accessibility of skilled labor, effective research and development activities, geographical benefits, and government assistance, underwrite the industry’s accomplishment. With a positive economic outlook and growing household buying power, the country is poised to witness a substantial rise in automobile sales by the year 2030.

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Competitive Insight

The Turkey Automotive Market is witnessing a flood of new players, specifically in the low-price vehicle sector, leading to strong growth in sales. This enlargement is not restricted to low-cost automotives as passenger cars and light commercial electric vehicles are also experiencing a steady growth in requirement.

The increasing emphasis on user-centric features, growing acceptance of autonomous vehicles, and several other technological innovations are fostering automotive markets around the globe.

In this competitive insight, the Turkish automotive Market is experiencing rising competition year after year, propelled by the introduction of new models and an augmenting array of brands in the market.

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Key Developments

• • Ford’s announcement on March 16 concerning a $2.4 billion investment in an electric vehicle and battery factory in Kocaeli, Turkey, showcases a momentous milestone for the Turkish automotive industry. This investment is set to change Turkey into Ford Europe’s largest commercial vehicle production hub.

The enlargement of Ford’s manufacturing functions in Turkey is predicted to introduce an increment in the demand for technologies used in electric vehicle production. This involves both original equipment manufacturer components and aftermarket electric vehicle auto parts and accessories.

Segments covered in the Report:

The Turkey Automotive Aftermarket has been segmented on the basis of vehicle type, replacement parts, certification. Based on the vehicle type, the market has been segmented into commercial vehicles and passenger vehicles. By replacement parts, the market is segmented into tire, battery, brake parts, filters, Lighting Components, Electronic components, Lubricants, Clutch Parts, Engine Components and others. Based on certification, the market has been segmented into Genuine Parts, Certified Parts, Counterfeit Parts, Others.

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Report Coverage	Details
Market Revenues (2023)	USD Million
Market Base Year	2023
Market Forecast Period	2024-2031
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Vehicle Type, By Replacement Parts, By Certification
Regional Coverage	Turkey
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Turkey Automotive Aftermarket by Vehicle Type

• • Commercial Vehicles
  • Passenger Vehicles

Turkey Automotive Aftermarket by Replacement Parts

• • Tire
  • Battery
  • Brake Parts
  • Filters
    • Air Filter​
    • Oil Filter​
    • Others​
  • Lighting Components​
  • Electronic components​
  • Lubricants​
  • Clutch Parts​
  • Engine Components
    • Timing Belt​
    • Spark Plugs​
    • Others​
  • Others

Turkey Automotive Aftermarket by Certification

• • Genuine Parts
  • Certified Parts
  • Counterfeit Parts
  • Others