Forecast: First Registrations of New Goods Vehicles in Turkey

The forecast indicates a steady increase in the first registrations of new goods vehicles in Turkey from 2024 through 2028, starting at 210.15 thousand registrations in 2024 and reaching 222.8 thousand by 2028. The year-on-year growth rates from 2024 to 2025, 2025 to 2026, 2026 to 2027, and 2027 to 2028 stand consistently within a narrow range of approximately 1.5% to 1.6%, showcasing modest but steady expansion in the market. The compound annual growth rate (CAGR) over this five-year period averages around 1.6% per year.

Future trends to watch for:

  • Advancements in goods vehicle technology and their impact on registration dynamics.
  • Government policies and incentives towards sustainable transportation options.
  • Economic factors including GDP growth and trade policies affecting the logistics industry.
  • Impact of infrastructure improvements on vehicle registration figures.
  • Shifts in consumer behavior and logistics demands.

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