Turkey commercial vehicle market is anticipated to grow at a steady CAGR during the forecast period, 2023-2027. The rise in the investments in research and development activities and the massive demand for commercial vehicles in the logistics and e-commerce industry are the primary drivers for the Turkey commercial vehicle market. The launch of commercial electric vehicles and the surge in demand for sustainable mobility and innovation are the other prominent factors that can fuel Turkey commercial vehicle market growth over the forecast period.

Rapid Industrialization and Infrastructure Development Drives the Market Growth

The continuous growth of the population and urbanization, ongoing infrastructure development, and the growing industrial sector are driving the sales of commercial vehicles worldwide. The surge in Turkey's international trade volume and strategic location support the country in developing its infrastructure. Such as, the government unveiled the ‘Transport and Logistics Master Plan’ at Transport Vision 2053 meeting to support and develop the transportation industry with a focus on railways. According to the 30-year strategy, the Turkish government has pledged to invest $197.9bn in the road, rail, maritime and air transport, and communication facilities. Turkey acts as a bridge between east and west which is the reason it leads the Middle Corridor at the heart of the Belt and Road Initiative (BRI). Concerned authorities aim to construct 8,200 km of total motorway by 2035. Two hundred sixty-two contracts for Public-Private Sector Partnership (PPP) projects with a total value of USD 184 billion were signed between 1986 and 2022. With the growing investments by the public and private market players in infrastructure development, the demand for commercial vehicles is increasing at a significant rate. In 2021, around 212.38 thousand units of commercial vehicles were sold in Turkey. The most common type of commercial vehicles used during construction activities is concrete mixers, dump trucks, custom haulers, sleeper trucks, and flatbeds. They are essential during construction activities to carry and transport materials and equipment for the completion of the operation. Therefore, the improvement in economic conditions of the country and the massive applications of commercial vehicles in the construction industry are expected to boost Turkey commercial vehicle market growth over the forecast period. 

The rise in Popularity of Electric Commercial Vehicles Supports the Market Growth

An increase in concerns about the harmful emissions from conventional vehicles and stringent emission norms is making commercial vehicle manufacturers shift towards alternate energy source vehicles. Turkey has started the production of electric vehicles for public transportation. TEMSA, part of Sabancı Holding, and ASELSAN have jointly developed the first hundred domestic electric vehicles for public transportation. Leading authorities are working on offering an income tax rebate, tax incentives, and subsidies to the electric vehicle manufacturers and buyers to boost electric vehicle sales in the country. The industry and Technology Ministry has pledged to invest a total volume of 20 million Turkish Liras ($1.3 million) to provide support for 75 percent of the charging stations' investments. The growing investments and initiatives to develop electric vehicle infrastructure in the country and increase awareness about using the benefits of electric vehicles among consumers are expected to propel Turkey commercial vehicle market growth in the coming years.


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Market Segmentation

Turkey commercial vehicle market is segmented into vehicle type, propulsion, transmission type, regional distribution, and company. Based on vehicle type, the market is divided into light commercial vehicle (LCV), medium commercial vehicle (MCV), heavy commercial vehicle (HCV). Based on propulsion, the market is bifurcated into ICE and electric. Based on transmission type, the market is divided into manual transmission and automatic transmission. Turkey commercial vehicle market is studied in major regions namely Marmara, Central Anatolia, Aegean, Mediterranean, Black Sea, South-Eastern Anatolia, Eastern Anatolia.

Market Players

TEMSA, Otokar Otomotiv ve Savunma Sanayi A.Ş., BMC Otomotiv Sanayi ve Ticaret A.Ş., Isuzu (Anadolu), Askam, Karsan, MAN A.S., Daimler AG, Volkswagen AG, Ford Motor Company, are the major market players operating in the Turkey commercial vehicle market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Vehicle Type

·         Propulsion

·         Transmission Type

Regional scope

Marmara, Central Anatolia, Aegean, Mediterranean, Black Sea, South-Eastern Anatolia, Eastern Anatolia

Key companies profiled

TEMSA, Otokar Otomotiv ve Savunma Sanayi A.Ş., BMC Otomotiv Sanayi ve Ticaret A.Ş., Isuzu (Anadolu), Askam, Karsan, MAN A.S., Daimler AG, Volkswagen AG, Ford Motor Company

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

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

  • Turkey Commercial Vehicle Market, By Vehicle Type:
    • Light Commercial Vehicle (LCV)
    • Medium Commercial Vehicle (MCV)
    • Heavy Commercial Vehicle (HCV)
  • Turkey Commercial Vehicle Market, By Propulsion:
    • ICE
    • Electric
  • Turkey Commercial Vehicle Market, By Transmission Type:
    • Manual Transmission
    • Automatic Transmission
  • Turkey Commercial Vehicle 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 commercial vehicle 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 commercial vehicle 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]  

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Turkey Commercial Vehicle Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided Brand Recall

5.3.  Unaided Brand Recall

5.4.  Brand Satisfaction Level

6.    Turkey Commercial Vehicle Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Light Commercial Vehicle (LCV), Medium Commercial Vehicle (MCV), Heavy Commercial Vehicle (HCV))

6.2.2.     By Propulsion (ICE, Electric)

6.2.3.     By Transmission Type (Manual Transmission and Automatic Transmission)

6.2.4.     By Region

6.2.5.     By Company (2021)

6.3.  Market Map (By Vehicle Type, By Region)

7.    Turkey LCV Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type (Pickup Truck, Van)

7.2.2.     By Propulsion

7.2.3.     By Transmission Type

7.3.  Product Benchmarking

8.    Turkey MCV Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type (Medium Truck, Medium Bus)

8.2.2.     By Propulsion

8.2.3.     By Transmission Type

8.3.  Product Benchmarking

9.    Turkey HCV Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type (Heavy Truck, Heavy Bus)

9.2.2.     By Propulsion

9.2.3.     By Transmission Type

9.3.  Product Benchmarking

10.  Import-Export Analysis

11.  Supply Chain Analysis

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Policy & Regulatory Landscape

15.  Turkey Economic profile

16.  Competitive Landscape

16.1.              TEMSA

16.2.              Otokar Otomotiv ve Savunma Sanayi A.Ş.

16.3.              BMC Otomotiv Sanayi ve Ticaret A.Ş.

16.4.              Isuzu (Anadolu)

16.5.              Askam

16.6.              Karsan

16.7.              MAN A.S.

16.8.              Daimler AG

16.9.              Volkswagen AG

16.10.            Ford Motor Company

17.  Strategic Recommendations

 18. About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]