Talk to our Consultant - Turkey Tire Market Registers 3.45% CAGR through 2027- MarkNtel

Turkey Tire Market Research Report: Forecast (2022-27)

By Type of Vehicle (Passenger Car, Light Commercial Vehicle, Buses & Trucks, Medium & Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers, Three Wheeler, By Demand Category (OEM, Replacement),... ... (OEM, Replacement), By Type of Tire (Radial, Bias), By Sales Channel (Dealer/Exclusive Outlets, Online), By Season (All-Season, Summer, Winter), By Price Category (Low, Medium, High), By Rim Diameter (Up to 12”, 12.1” to 15”, 15.1.” to 18”, 18.1” to 20”, 20.1” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47”), By Region (East, West), By Companies (Yokohama, Kumho, Sumitomo, Anlas Anadolu, Michelin Lastikleri, AbdulKadir Ozcan, Turk-Pirelli, Goodyear Lastikleri, Barisa, Bridgestone, ÖZKA Lastik ve Kauçuk Sanayi Ticaret A.S.) Read more

Tire
Jul 2022
Pages 121
Report Format: PDF, Excel, PPT

Market Overview

The geographic location of Turkey is seen as a pathway for trade across the Middle East, Asia-Pacific, and Europe, which makes it a prominent hub for import, export, manufacturing, and distribution of automotive components & tires. Hence, several leading automakers & tire manufacturers view the country as an area of lucrative opportunities in their respective industries.

Besides, since the population in Turkey is young, the demand for modern vehicles, sports cars, & upgraded tires with robust features is instigating manufacturers to meet the consumer demands and introduce new products in the automotive & tire sector. Hence, the country leverage itself as an asset in the global value chain due to its logistical advantage, young population, low-cost labor, and flexible production capacities.

Market Insights

The Turkey Tire Market is projected to grow at a CAGR of around 3.45% during the forecast period, i.e., 2022-27. The growth of the market attributes primarily to the increasing government focus on infrastructural developments, i.e., projecting numerous construction projects throughout the country and propelling the demand for heavy vehicles while directly impacting the requirement for robust tires.

Report Coverage	Details
Study Period	Historical Data: 2017-20
	Base Year: 2021
	Forecast Period: 2022-27
CAGR(2022-27)	3.45%
Key Companies Profiled	Yokohama, Kumho, Sumitomo, Anlas Anadolu, Michelin Lastikleri, AbdulKadir Ozcan, Turk-Pirelli, Goodyear Lastikleri, Barisa, Bridgestone, ÖZKA Lastik ve Kauçuk Sanayi Ticaret A.S
Unit Denominations	USD Million/Billion

Turkey is the home to trade for Asia-Pacific, the Middle East, and Europe, which projects a vast import & export business for tires to meet the burgeoning requirements in these regions. Besides, favorable policies by the government entwined with memberships in trade relations like European Custom Union are playing a crucial role in strengthening the trade relations of Turkey across different countries and boosting the tire market.

Moreover, growing sales of vehicles due to improving economic conditions, changing living standards, & growing purchasing power is projecting an expanding vehicle fleet in the country. It. in turn, is instigating the leading players to increase their production capacities & stimulate market growth in the coming years.

Furthermore, the presence of profitable opportunities for the leading players in the market owing to the high penetration of European, Middle Eastern, and Central Asian markets shall also contribute to a significant expansion of the Turkey Tire Market in the years to come.

Impact of Covid-19 on the Turkey Tire Market

The advent of Covid-19 in 2020 had a catastrophic effect on the entire automotive industry of Turkey, where the Tire Market was no exception. Travel bans, hampered transportation & logistics, supply chain disruptions, unavailability of raw materials & labor, delays in deliveries of pre-produced tires, etc., were some severe challenges faced by the leading players in the tire industry of Turkey.

Additionally, increasing demand & supply gaps, volatile prices of raw materials, and shut down of manufacturing units were other aspects that hampered the overall market growth amidst the crisis. Besides, cross-border trade restrictions further affected the imports & exports of the tire industry in Turkey, failing to meet deadlines.

However, the declining number of Covid-19 cases enabled the Turkish government to uplift the restrictions and allow the recommencement of business operations. Consequently, the market players were back on track to recover from revenue losses they faced amidst the crisis. Currently, they are actively working on introducing new tires in their product portfolio and expanding their scalability, which, in turn, would boost the overall growth of the Turkey Tire Market in the years to come.

Introduction
1. Product and Services Definition
2. Market Segmentation
3. Research Process
4. Assumptions
Executive Summary
Experts Verbatim-What our experts say?
Turkey Tire Market Analysis, 2017- 2027F
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicles
    1. Passenger Car
    2. Light Commercial Vehicle
    3. Buses and Trucks
    4. Medium and Heavy Commercial Vehicles
    5. Off the Road (OTR)
    6. Two Wheelers
    7. Three Wheeler
  2. By Demand Category
    1. OEM
    2. Replacement
  3. By Type of Tire
    1. Radial
    2. Bias
  4. By Sales Channel
    1. Dealer/Exclusive Outlets
    2. Online
    3. Others
  5. By Season
    1. All season
    2. Summer
    3. Winter
  6. By Price Category
    1. Low
    2. Medium
    3. High
  7. By Rim Diameter
    1. Upto 12”
    2. 12.1” to 15”
    3. 15.1.” to 18”
    4. 18.1” to 20”
    5. 20.1” to 22.5”
    6. 22.6” to 26”
    7. 26.1” to 35”
    8. 35.1” to 47”
    9. Above 47”
  8. By Region
    1. East
    2. West
  9. By Company
    1. Revenue Shares & Units Sold
    2. Strategic Factorial Indexing
    3. Competitor Placement in MarkNtel Quadrant
Turkey Passenger Car Tire Market Analysis, 2017- 2027F
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Sedan
    2. SUV
    3. Hatchbacks
    4. Others
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
  9. By Company
Turkey Light Commercial Vehicle Tire Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Light Trucks
    2. Light Buses
    3. Pick-up Trucks and Vans
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
  9. By Company
Turkey Medium Heavy Commercial Vehicle Tire Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Trucks
    2. Buses
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
  9. By Company
Turkey Two-Wheeler Tire Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Scooters
    2. Mopeds
    3. Motorcycles
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
  9. By Company
Turkey OTR Vehicle Tire Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Earthmoving Equipment
    2. Construction and Agricultural Vehicles
    3. Material Handling Vehicles
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
  9. By Company
Turkey Three-Wheeler Vehicle Tire Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Passenger Carrier
    2. Load Carrier
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
Turkey Tire Market Policies, Regulations, Product and Services Standards
Turkey Tire Market Trends & Insights
Turkey Tire Market Dynamics
1. Growth Drivers
2. Challenges
3. Impact Analysis
Turkey Tire Market Hotspot & Opportunities
Turkey Tire Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Product and Services Portfolio
  2. Brand Specialization
  3. Target Markets
  4. Target End Users
  5. Research & Development
  6. Strategic Alliances
  7. Strategic Initiatives
2. Company Profiles (Business Description, Product and Services Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Yokohama’
  2. Kumho
  3. Sumitomo
  4. Anlas Anadolu
  5. Maichelin Lastikleri
  6. AbdulKadir Ozcan
  7. Turk-Pirelli
  8. Goodyear-Lastilkeri
  9. Barisa Bridgestone
  10. ÖZKA Lastik ve Kauçuk Sanayi Ticaret A.S.
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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