According to the report by Expert Market Research (EMR), the Turkey auto parts manufacturing market size reached a value of USD 8.77 billion in 2023. Aided by the increasing domestic demand, export opportunities, and strategic investments in technology and capacity expansion, the market is projected to further grow at a CAGR of 6.2% between 2024 and 2032 to reach a value of USD 15.17 billion by 2032.
Turkey’s auto parts manufacturing industry benefits from a unique geographical location that bridges Europe and Asia, offering a competitive advantage in serving both markets effectively. The industry encompasses a wide range of products, including engine parts, transmission systems, electronics, and body components, catering to both original equipment manufacturers (OEMs) and the aftermarket.
Several factors contribute to the Turkey auto parts manufacturing market growth. Firstly, the country’s well-established automotive production base provides a strong foundation for parts manufacturing. Leading global and domestic car manufacturers have their production facilities in Turkey, generating a steady demand for high-quality auto parts.
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Secondly, the Turkish government’s supportive policies, including tax incentives, subsidies for research and development (R&D), and customs union agreements with the European Union, have bolstered the industry’s competitiveness on the international stage. This regulatory environment encourages foreign investment and facilitates access to European markets.
Additionally, advancements in technology and a focus on sustainability are influencing the Turkey auto parts manufacturing market outlook. Turkish auto parts manufacturers are increasingly adopting Industry 4.0 technologies, such as automation, robotics, and data analytics, to enhance efficiency, reduce costs, and improve product quality. The shift towards electric vehicles (EVs) and environmentally friendly auto parts is also opening new avenues for growth and innovation.
The auto parts manufacturing industry is witnessing several key trends. There is a growing emphasis on localisation, with OEMs and Tier 1 suppliers looking to source more components locally to reduce supply chain risks and improve logistics efficiency. This Turkey auto parts manufacturing market trend is further accelerated by the global push towards reducing carbon footprints and enhancing supply chain sustainability.
Export is another critical driver, with auto parts manufacturers expanding their presence in international markets. The industry benefits from free trade agreements and Turkey’s strategic location, enabling efficient export operations to Europe, the Middle East, and North Africa.
Turkey Auto Parts Manufacturing Market Segmentation
The market can be divided based on component, sales channel, and vehicle type.
Market Breakup by Component
- Cooling System
- Compressor
- Radiator
- Pump
- Thermostat
- Underbody Components
- Brake Components
- Exhaust Components
- Engine Components
- Starter
- Pump
- Engine
- Alternator
- Electrical Components
- Ignition Coil
- Ignition Switch
- Spark and Glow Plug
- Automotive Battery
- Automotive Filter
- Lighting Components
- Chassis System
- Transmission and Steering System
- Others
Market Breakup by Sales Channel
- OEM
- Aftermarket
Market Breakup by Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Others
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Competitive Landscape Of Turkey Auto Parts Manufacturing Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Turkey auto parts manufacturing market. Some of the major players explored in the report by Expert Market Research are as follows:
- Robert Bosch GmbH
- Denso Corporation
- ZF Friedrichshafen AG
- Hyundai Motor Group
- Aisin Corporation
- Others
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