TechNavio today launched its report Automotive Market in Turkey 2011-2015 based on an in-depth study focusing exclusively on Turkey. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Automotive team said; ”The Automotive market in Turkey will witness a shift toward the Middle East and North Africa for exports. Presently, the production is focused on exports to Europe and the US. Therefore, Turkey will have to find other export markets in the Middle East and North Africa to eliminate its dependence on the unstable European Automotive market. Government intervention for setting up production, a young population, and R&D units will attract considerable foreign investments to the Automotive segment in Turkey, and these are some of the factors that will boost the export of automobiles in Turkey.”
According to the report, one of the major growth drivers is the Turkish Government’s support for the Automotive industry. Incentives and subsidies given by the Government to promote vehicles are driving the Automotive market in Turkey. In addition, taking the benefits of government incentives, various automobile giants have made Turkey a platform to enter the European Automotive markets, which will boost the industry’s growth in Turkey.
Further, the report also discusses that the increasing pricing pressure due to intense competition constitutes a major challenge for the Automotive market in Turkey.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/O0BNw
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TechNavio Announces the Publication of its Report – Automotive Market in Turkey 2011-2015
