Turkey Automotive Aftermarket Market Growth, Size, Trends, Share, Revenue and Future Outlook
Turkey Automotive Aftermarket Market Size- By Vehicle Type, By Replacement Parts, By Distribution Channel, By Solution, By Certification- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: AMIN2495 | Pages: 1 - 103 | Formats*: |
| Category : Automotive & Transportation | |||
Turkey Automotive Aftermarket Market Introduction and Overview
According to SPER Market Research, the Turkey Automotive Aftermarket Industry is estimated to reach USD XX Billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Turkey Automotive Aftermarket Market, including market size and trends, product mix, applications, and supplier analysis. The automotive aftermarket includes car production, remanufacturing, distribution, redistribution, end-of-sale, reselling, and installation. The aftermarket includes parts for replacement, collision, appearance, and performance. The use of new technology has resulted in the digitalization of vehicle maintenance and component sales, increasing the appeal of the automotive aftermarket. Digital-driven products and services are creating new trends and driving market growth.
- Ford's March 16 announcement of a $2.4 billion investment in an electric vehicle and battery production in Kocaeli, Turkey, marks a watershed moment for the Turkish automotive industry. This investment is expected to transform Turkey into Ford Europe's largest commercial vehicle production hub.
Market Opportunities and Challenges
The rapid digitization of developed and emerging countries has enabled manufacturers and suppliers to provide consumers with desired products via online sales channels. Customers can use these channels to find out how much parts cost and to decide which parts to buy for their vehicle. Customers benefit from increased supply diversity and price transparency as automotive component delivery services become more digital. The increased digitization of automotive component delivery services is expected to drive global automotive aftermarket growth.
Original equipment manufacturers (OEMs) are enhancing and growing their aftermarket operations inside the automobile aftermarket parts value chain. The development of differentiated aftermarket service options assists OEMs in making more informed decisions about service repair and customer retention. The rapid expansion of aftermarket activities by OEMs is expected to drive market growth in the coming years. Finally, the expansion of the automotive sector as a result of rising demand and production of passenger and commercial vehicles is expected to drive market growth in the coming years. Furthermore, the expansion of automotive e-commerce and the rise in demand for technologically advanced features are projected to create opportunities for the automotive aftermarket in the near term.
However, the market faces several hurdles, including the presence of counterfeit parts, regulatory compliance problems, and competition from OEMs joining the aftermarket segment. Supply chain disruptions and the technological sophistication of modern automobiles present additional problems, necessitating ongoing adaptation and innovation in the aftermarket industry to satisfy changing consumer needs and market realities.
Market Competitive Landscape
The major key players in the Turkey Automotive Aftermarket Market are: Aisin Corporation, Basbug Auto Spare Parts AS, Continental AG, Denso Corporation, Hyundai Motor Group, Robert Bosch GmbH, ZF Friedrichshafen AG, Other.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Vehicle Type, By Replacement Parts, By Distribution Channel, By Certification |
| Regions covered | Aksaray, Ankara, Bursa, Izmir, Izmit, Others |
| Companies Covered | Aisin Corporation, Basbug Auto Spare Parts AS, Continental AG, Denso Corporation, Hyundai Motor Group, Robert Bosch GmbH, ZF Friedrichshafen AG, Other |
COVID-19 Impact on Turkey Automotive Aftermarket Market
The COVID-19 epidemic had a substantial influence on Turkey's automotive aftermarket business, including supply chain interruptions, reduced consumer purchasing, and decreased vehicle utilisation owing to lockdown measures. With economic uncertainty, consumers prioritised critical spending, which impacted aftermarket sales. Furthermore, restrictions on movement and social distancing measures hampered car repair and maintenance. However, once limits were lifted, aftermarket demand gradually recovered, driven by pent-up repair demands and a shift towards personal vehicle ownership due to safety concerns, fueling hope for market rebound despite continued obstacles.
Key Target Audience:
- Vehicle Owners (Individuals and Businesses)
- Automotive Repair Shops
- Automotive Parts Retailers
- Auto Parts Wholesalers and Distributors
- Independent Mechanics and Technicians
- Fleet Operators (Commercial Vehicles)
- Original Equipment Manufacturers (OEMs)
- Auto Dealerships (for parts and accessories sales)
- Others
Our in-depth analysis of the Turkey Automotive Aftermarket Market includes the following segments:
| By Vehicle Type: |
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| By Replacement Parts: |
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| By Distribution Channel: |
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| By Certification: |
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Key Topics Covered in the Report:
- Turkey Automotive Aftermarket Industry Size (FY’2024-FY’2033)
- Overview of Turkey Automotive Aftermarket Market
- Segmentation of Turkey Automotive Aftermarket Market By Vehicle Type (Commercial Vehicle, Passenger Vehicle)
- Segmentation of Turkey Automotive Aftermarket Market By Replacement Parts (Battery, Body Parts, Brake Parts, Exhaust Components, Filters, Lighting & Electronic Components, Tire, Wheels)
- Segmentation of Turkey Automotive Aftermarket Market By Distribution Channel (Retailers, Wholesalers & Distributors)
- Segmentation of Turkey Automotive Aftermarket Market By Certification (Certified Parts, Genuine Parts, Uncertified Parts)
- Statistical Snap of Turkey Automotive Aftermarket Market
- Expansion Analysis of Turkey Automotive Aftermarket Market
- Problems and Obstacles in Turkey Automotive Aftermarket Market
- Competitive Landscape in the Turkey Automotive Aftermarket Market
- Impact of COVID-19 and Demonetization on Turkey Automotive Aftermarket Market
- Details on Current Investment in Turkey Automotive Aftermarket Market
- Competitive Analysis of Turkey Automotive Aftermarket Market
- Prominent Players in the Turkey Automotive Aftermarket Market
- SWOT Analysis of Turkey Automotive Aftermarket Market
- Turkey Automotive Aftermarket Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Turkey Automotive Aftermarket Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Turkey Automotive Aftermarket Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Turkey Automotive Aftermarket Market
7. Turkey Automotive Aftermarket Market, By Vehicle Type (USD Million)
7.1. Turkey Automotive Aftermarket Market Value Share and Forecast, By Vehicle Type, 2024-20337.2. Commercial Vehicle7.3. Passenger Vehicle
8. Turkey Automotive Aftermarket Market, By Replacement Parts (USD Million)
8.1. Turkey Automotive Aftermarket Market Value Share and Forecast, By Replacement Parts, 2024-20338.2. Battery8.3. Body Parts8.4. Brake Parts8.5. Exhaust Components8.6. Filters8.7. Lighting & Electronic Components8.8. Tire8.9. Wheels
9. Turkey Automotive Aftermarket Market, By Distribution Channel (USD Million)
9.1. Turkey Automotive Aftermarket Market Value Share and Forecast, By Distribution Channel, 2024-20339.2. Retailers9.3. Wholesalers & Distributors
10. Turkey Automotive Aftermarket Market, By Certification (USD Million)
10.1. Turkey Automotive Aftermarket Market Value Share and Forecast, By Certification, 2024-203310.2. Certified Parts10.3. Genuine Parts10.4. Uncertified Parts
11. Turkey Automotive Aftermarket Market Forecast, 2020-2033 (USD Million)
11.1. Turkey Automotive Aftermarket Market Size and Market Share
12. Turkey Automotive Aftermarket Market, By Vehicle Type, 2020-2033 (USD Million)
12.1. Turkey Automotive Aftermarket Market Size and Market Share By Vehicle Type (2020-2026)12.2. Turkey Automotive Aftermarket Market Size and Market Share By Vehicle Type (2027-2033)
13. Turkey Automotive Aftermarket Market, By Replacement Parts, 2020-2033 (USD Million)
13.1. Turkey Automotive Aftermarket Market Size and Market Share By Replacement Parts (2020-2026)13.2. Turkey Automotive Aftermarket Market Size and Market Share By Replacement Parts (2027-2033)
14. Turkey Automotive Aftermarket Market, By Distribution Channel, 2020-2033 (USD Million)
14.1. Turkey Automotive Aftermarket Market Size and Market Share By Distribution Channel (2020-2026)14.2. Turkey Automotive Aftermarket Market Size and Market Share By Distribution Channel (2027-2033)
15. Turkey Automotive Aftermarket Market, By Certification, 2020-2033 (USD Million)
15.1. Turkey Automotive Aftermarket Market Size and Market Share By Certification (2020-2026)15.2. Turkey Automotive Aftermarket Market Size and Market Share By Certification (2027-2033)
16. Turkey Automotive Aftermarket Market, By Region, 2020-2033 (USD Million)
16.1. Turkey Automotive Aftermarket Market Size and Market Share By Region (2020-2026)16.2. Turkey Automotive Aftermarket Market Size and Market Share By Region (2027-2033)16.3. Aksaray16.4. Ankara16.5. Bursa16.6. Izmir16.7. Izmit
16.8. Others
17. Company Profile
17.1. Aisin Corporation17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Basbug Auto Spare Parts AS17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Continental AG17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Denso Corporation17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Hyundai Motor Group17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Robert Bosch GmbH17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. ZF Friedrichshafen AG17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Turkey Automotive Aftermarket Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
Turkey Automotive Aftermarket Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
Turkey Automotive Aftermarket Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Turkey Automotive Aftermarket Market size is XX billion from 2024 to 2033.
Turkey Automotive Aftermarket Market Segment is covered By Vehicle Type, By Replacement Parts, By Distribution Channel, By Certification
The Europe is anticipated to have the highest market share in the Turkey Automotive Aftermarket Market.
Furthermore, the expansion of automotive e-commerce and the rise in demand for technologically advanced features are projected to create opportunities for the automotive aftermarket in the near term.
Regional preferences, animal needs, and cost-effectiveness all have an impact on feed choices, making it difficult for lucerne hay to sustain its market dominance.
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