Turkey Tire Market, By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2017-2027

Turkey Tire Market, By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2017-2027

The Turkey tire market is projected to grow at a formidable rate during the forecast period, 2023-2027. Factors such as increasing car sales, expanding automotive fleet, and rising automobile production across the country are driving sales of the Turkey tires market. Rise in disposable income levels and improving living standards are enabling consumers to invest in enhancing their automobile performance. Turkey government provide car manufacturers enormous opportunities to expand their penetration across Europe, Central Asia, and the Middle East. Turkey's automotive industry, particularly the tire business, is rising due to high vehicle ownership and the nation's rapidly expanding infrastructure. In addition, rising local auto production and supportive government initiatives like membership in the European Customs Union is expected to aid Turkey's tire market growth.

The Turkey tire market is segmented into vehicle type, demand category, radial vs. bias, regional distribution, and competitive landscape. Based on vehicle type, the market is divided into passenger cars, LCV, M&HCV, OTR, two-wheeler, and three-wheeler. The passenger car segment dominated the market in 2021, and is expected to maintain its dominance over the forecast period, 2023-2027. Growing sales of passenger cars and expanding passenger car fleet size in the country are boosting the segment growth. With advancements in technology, the average life of passenger cars is increasing. The increased wear and tear of tires is expected to accelerate the adoption of replacement tires, which is projected to aid the market growth.

Major companies operating in Turkey tire market are Brisa Bridgestone Sabanci Lastik Sanayi Ve Ticaret, Goodyear Lastikleri Turk A.S., Turk-Pirelli Lastikleri A.S., Abdulkadir Ozcan A.Ş., Michelin Lastikler Ticaret A.S., Özka Lastik Ve Kauçuk Saniyi Ve Ticaret A.Ş, Anlas Anadolu Lastik A.Ş., Sumitomo Rubber Ako Lastik Sanayi Ve Ticaret A.Ş., Kumho Tire Co., Inc. and Yokohama Rubber Co. Ltd., among others.

Objective of the Study:

• To analyze and forecast the market size of Turkey tire market from 2017-2021.
• To classify and forecast Turkey tire market based on vehicle type, demand category, radial vs bias, company and region from 2023 to 2027 and growth rate until 2027.
• To identify drivers and challenges for Turkey tire market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Turkey tire market.
• To identify and analyze the profile of leading players involved in the manufacturing tires in Turkey.

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all major tire suppliers across Turkey.

TechSci Research calculated the market size for Turkey tire using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Tire manufacturers, suppliers, distributors and other stakeholders
• Vehicle manufacturing companies
• Raw material suppliers
• Associations, organizations, forums and alliances related to tires
• Government bodies such as regulatory authorities and policy makers
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as vehicle manufacturers, distributors and dealers, and policy makers. The study would also help the stakeholders to target the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Turkey tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Turkey Tire Market, By Vehicle Type:
• Passenger Car
• Two-Wheeler
• Medium & Heavy Commercial Vehicle
• Light Commercial Vehicle
• Off-The-Road Vehicle (OTR)
• Three-Wheeler
• Turkey Tire Market, By Demand Category:
• OEM
• Replacement
• Turkey Tire Market, By Tire Type:
• Radial vs Bias
• Turkey Tire Market, By Region:
• Marmara Region
• Central Anatolia
• Aegean Region
• Mediterranean Region
• Black Sea Region
• South Eastern Anatolia Region
• Eastern Anatolia Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Turkey tire market.:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights