1. Market Research
  2. > Automotive
  3. > Auto Aftermarket Market Trends

Strategic Analysis of the Turkish Automotive Aftermarket : Capitalizing on Growth in Vehicle Maintenance and Repairs

  • November 2014
  • 68 pages
  • Frost & Sullivan
Report ID: 2530814

Summary

Table of Contents

Key Findings

•In 2014, new vehicle sales decreased x % in the first x months of the year.
•This negative trend in the new vehicle market caused the secondhand vehicle market to increase by about x %.
•In 2013, the average age for vehicles in Turkey was x years for both passenger cars and pickup/vans and x years for passenger cars alone.
•EU countries reported an average age for passenger cars of x years in 2013.
•Turkey has older vehicle parc than most other EU countries.
•Financial volatility results from an increase in the special consumption tax on new vehicles, fluctuation of the Turkish lira, and loan limitations by the Banking Regulation and Supervision Agency.
•Diversity in Turkish car parc is reflected by x distinct brands.
•The accident rate is high in Turkey due to a low rate of issuing traffic tickets and lack of infrastructure on roads.
•Consolidation in the market is occurring because most of the common dealers are grouping together under joint ventures with global names.
•New cars from Turkey’s West side shift to the East side, becoming secondhand vehicles and contributing to aftermarket growth.
•Adoption of EU Regulation 443/2009 (Emission Standards):
oFrom 2010, light duty vehicles M1 and M2 class 1 have to be Euro V.
oFrom 2012, 2/3 of N1 class vehicles should be Euro V.
•Adoption of EU Regulation 461/2010(Block Exemption Act) permits services to use equivalent spare parts in their applications, increasing competition for aftermarket products.
•New regulations on automobile insurances.
•Top technology trends in Turkey are:
oSmart transportation systems
oAutomotive applications (apps)
oAlternate fuel vehicles
oAdvancement on manufacturing process and parts technologies
•Roadside assistance becomes very popular and a ‘must-have’ vehicle choice.
•Customers tend to use the Internet while researching car properties for both purchase and servicing processes.
•In Turkey, customers have many low-cost insurance package options, which inversely affect the quality of replacement parts.
Competitive Environment
•In parts Analysis:
oThe number of brands multiplied in recent years.
• In service Analysis:
oMost of the independent services in Turkey still have a very low level of training.

Aim

The aim of this study is to research, analyze, and forecast the Turkish automotive aftermarket by providing a 360 degree perspective on factors that influence and impact its growth.

Objectives

•Outline emerging trends, industry metrics, and transitional events that impact the aftermarket today and into the future.
•Highlight areas where growth opportunities exist in the ever-evolving automotive aftermarket.
•Provide insights into a variety of topics beyond just parts and service potential by investigating the impact of social, regulatory, legislative, political, and technology changes that influence the vehicle mix, product mix, product and service pricing, and promotion.
•Provide insights on technician skill and training, repair information, service locations, and distribution and logistics.
•Understand the direction of the industry on key issues.
•Develop recommendations for key market participants that allow them to identify their current company position and where the company should be moving to best capitalize on the opportunities most relevant to the organization.

Key Questions This Study Will Answer

How is the Turkish automotive aftermarket expected to grow?
What are the business dynamics and factors that impact the growth of the aftermarket?
Which products and services will offer future growth opportunities?
What does the competitive scenario look like and what actions should market participants take to be successful?
What are the industry best practices and trends that companies can leverage to expand market share?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

US Automotive Technicians’ Choice Survey of Replacement Parts, 2016

  • $ 20000
  • Industry report
  • May 2017
  • by Frost & Sullivan

Technicians Shifting to Digital Platforms The importance of technicians as customers for part suppliers continues to grow with the continued expansion of the Do-It-For-Me (DIFM) channel in the US automotive ...

2017 Global Automotive Aftermarket Outlook

  • $ 10000
  • Industry report
  • March 2017
  • by Frost & Sullivan

B2B eCommerce, Uberization of Repair Services will Draw Investment and Determine Competitive Strategy Global vehicles in operation will increase significantly over the 2017–2018 period, driving new opportunities ...

North American Class 1-8 Starters and Alternators Aftermarket, Forecast to 2023

  • $ 4950
  • Industry report
  • March 2017
  • by Frost & Sullivan

Highly Competitive Market with Incremental Revenue Growth This research service covers Class 1-8 vehicles starters and alternators aftermarket in terms of volume (million units) and value ($ million) ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.