Turkey automotive instrument
cluster market is anticipated to witness a steady CAGR in the forecast period,
2023-2027. Factors such as the increasing sales of luxury electric vehicles and
the growing inclinations of consumers toward digital solutions in automobiles
primarily drive the demand for Turkey's automotive instrument cluster market.
With the development and technological advancements in the automotive industry,
the need for electronic-driven instrument panels is increasing at a rapid rate.
The surge in the installation of advanced driver assistance systems (ADAS) in
premium vehicles and the growing expenditure capacity of consumers are expected
to bolster the Turkey automotive instrument cluster market growth in the coming
years.
Increased Sales and
Production of Vehicle Drives the Market Growth
According to government data,
the total investment volume by global brands in the automotive industry since
2000 is USD16 billion, and 1.3 million vehicles were produced in Turkey in
2021. Turkey ranks 1st in Europe in commercial vehicle production and ranks 4th
in automotive production. 30 of the top 50 global suppliers have set up
production facilities in Turkey. Rapid industrialization and increased
investments by the original equipment manufacturers are transforming the
automotive industry within the country. The investments by the original
equipment manufacturers are helping in the expansion of the automotive
manufacturing capabilities, which is making Turkey an integral part of the
global value chain of the international OEMs. Turkish automotive industry is
proven to be a production hub of excellence and is aiming to improve its
research and development sector, design, and branding capabilities. Some of the
major global brands having product design, development, and engineering hub in
Turkey are Ford, Fiat, Daimler, AVL, and FEV. The automotive instrument cluster
is being actively installed in automobiles to improve the driving experience
and make the driver aware of the current condition of the vehicle. The rise in
awareness about installing instrument clusters in vehicles is expected to fuel
the Turkey automotive instrument cluster market growth over the next five
years.
Growing Popularity of
Electric Vehicle Supports the High Market Demand
The rise in concerns about
the constantly depleting conventional sources of energy and the harmful effect
of greenhouse emissions on the environment are shifting the consumers to invest
in electric vehicles. It is necessary to know crucial information such as
charging capacity, energy flow, range, state of charge, driving mode, and
navigation. Automakers are displaying vital parameters of automobiles along
with greeting messages to attract customers. This information displayed by the
automotive instrument cluster helps the driver to drive electric vehicles
without running out of charge in the midst of the journey. The government is
supporting the sales of electric vehicles by working on providing income tax
rebates, subsidies, and incentives to electric vehicle buyers and
manufacturers. They are developing a supportive charging infrastructure to
support the sales of electric vehicles. Electric vehicle manufacturers are
installing automotive instrument clusters in their vehicles which is expected
to propel the Turkey automotive instrument cluster market growth in the coming
years.
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Market Segmentation
Turkey automotive instrument
cluster market is segmented into vehicle type, cluster type, display screen, display
color, regional distribution, and competitive landscape. Based on vehicle
type, the market is divided into two-wheeler, passenger car, light commercial
vehicle (LCV), and medium & heavy commercial vehicle (M&HCV). Based on cluster
type, the market is divided into analog, digital, and hybrid. Based on display
screen, the market is divided into LCD, LED, and others. Based on display color,
the market is bifurcated into monochrome and colored. Turkey automotive
instrument cluster market is studied in major regions namely Marmara, Central
Anatolia, Aegean, Mediterranean, Black Sea, South-Eastern Anatolia, and Eastern
Anatolia.
Market Players
Continental AG, Denso
Corporation, Robert Bosch GmbH, Visteon Corporation, Panasonic Holdings
Corporation, Borg Warner (Delphi), Magneti Marelli, Yazaki Corporation, Simco
Ltd., Harman International, are the major market players operating in the Turkey
automotive instrument cluster market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units, and
CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Vehicle Type
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Cluster Type
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Display Screen
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Display Color
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Regional scope
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Marmara, Central Anatolia, Aegean, Mediterranean, Black Sea, South-Eastern
Anatolia, Eastern Anatolia
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Key companies profiled
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Continental AG, Denso Corporation, Robert
Bosch GmbH, Visteon Corporation, Panasonic Holdings Corporation, Borg Warner
(Delphi), Magneti Marelli, Yazaki Corporation, Simco Ltd., Harman
International
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet
your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, Turkey automotive
instrument cluster market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Turkey Automotive
Instrument Cluster Market, By Vehicle Type:
- Two-Wheeler
- Passenger Car
- Light Commercial Vehicle (LCV)
- Medium & Heavy Commercial Vehicle (M&HCV)
- Turkey Automotive Instrument Cluster Market, By Cluster Type:
- Turkey Automotive Instrument Cluster Market, By Display Screen:
- Turkey Automotive Instrument Cluster Market, By Display Color:
- Turkey Automotive
Instrument Cluster Market, By Region:
- Marmara
- Central Anatolia
- Aegean
- Mediterranean
- Black Sea
- South-Eastern Anatolia
- Eastern Anatolia
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Turkey automotive instrument cluster
market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Turkey automotive instrument cluster market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]