Turkey Automotive Repair and Maintenance Market to be dominated by online segment till 2027
The rise in automotive sales and presence of auto players
along with the increase average vehicle age are expected to propel the market
growth in the forecast period, 2023-2027.
According
to TechSci Research report, “Turkey Automotive Repair and Maintenance Market By Region, Competition
Forecast & Opportunities, 2027”,
the Turkey automotive repair and maintenance market is expected to witness
growth at a significant rate in 2023-2027. Automotive repair and maintenance
represent a way to find & fix problems with a brake of a vehicle, engine,
body or electrical components. The automotive repair and maintenance market
consists of deals of automotive repair and maintenance services by substances
such as sole traders, associations, and organizations, that offer automotive
repair and maintenance services for passenger cars, cruisers, commercial
vehicles, and bikes. Maintenance is regular service for increasing the life
span of vehicle while auto repair is needed when a part or fluid is not
performing & needs to be fixed. Some of the equipment including
screwdrivers, lathes, hammers, welding equipment & power tools to repair
engines, belts & steering systems and brake parts are widely utilized for
repairing & maintenance of vehicles. The rising number of vehicles and the
inflating need for improved passenger safety in vehicles, are primarily driving
the market growth. With this, the elevating levels of urbanization, growing
adoption of several advanced technologies including IoT, and extensive
investments in the automotive sector supporting the growth of the market. Also,
the inflating disposable income of people and the rise in average age of
vehicles are propelling the market growth across Turkey. Furthermore, the
remote diagnostics and the escalating demand for electric vehicles are the
emerging trends of market. Remote diagnostics allows real-time monitoring of
vehicle parameters to evaluate the performance against benchmarks.
However,
several technological challenges including hybrid designs require additional
training for mechanics are acting as growth restraining factor for the automotive repair and maintenance market.
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The
Turkey automotive
repair and maintenance market is segmented into vehicle type, service type, service area, service
provider, channel, customer segment, regional distribution, and competitive
landscape.
Based
on vehicle type, the market is divided into two-wheeler, passenger car, LCV, M&HCV.
Passenger car segment is dominating the market in the forecast period,
2023-2027. This is due to increase in the fleet size of passenger cars which is
estimated to witness the growth of this segment during the forecast period.
Based
on service area, the market is segmented into automotive mechanical and
electrical parts, automotive body parts, tire, paint, paint protection and
coating services, interior parts, glass, vehicle care services, quick services.
Tire segment is expected to dominate the market in the coming years, 2023-2027.
This is attributed to the escalating demand of tire & wheels in commercial
vehicles owing to the lucrative growth in quick deliveries in the e-commerce
industry and motorcycle tires due to their lower product life cycle.
Based
on the service provider, the market is divided into automobile manufacturers,
franchise general repairs, locally owned repair shops. Locally owned repair
shops segment is expected to fuel the market in the coming years, 2023-2027. The
presence of several locally owned repair shops is also growing at a significant
rate owing to the rise in the inclination of consumers toward locally owned
shops.
Based
on channel, the market is bifurcated into online and offline. Online segment is
projected to dominate the market in the coming years, 2023-2027. The increasing
awareness among the people regarding the e-commerce sector and the advanced
technologies which drives the segmental growth.
Several
key market players operating in the Turkey automotive
repair and maintenance market :
- Cars24 Services Pvt Ltd.
- Ikiz Oto Servisi
- Simay Oto Bakim Lpg Donusumleri Ltd. Sti.
- Genel Servis Inc.
- Turmo Otomotiv
- Yantai Sky Machinery Co. Ltd.
- Yamaha Motor Ltd. Sti.
- Aerofa Aerosol Dolum A.S.
- Alliance Trades
- Ozbir Vagon A.S.
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“Turkey has a strong
production and engineering hub for the global automotive sector value chain.
With this strength, Turkey is considered as the 15th largest automotive sector
across the world with an average export rate. Turkey is also known as a hub for
global brands in terms of production, export, and engineering for international
markets. Turkey has become one of the significant manufacturers and suppliers
of European automobile manufacturers in the past few years. It is known for the
qualified and young workforce which makes Turkish automotive and supply
industry the prominent production and supply center for many international
manufacturers, particularly Germany and France. Several shop owners do not
offer a complete range of repair and maintenance services that enables them to
follow a competitive strategy of specializing in any service and escalate the
number of services they are offering. With this, local shop owners can
collaborate with fleet operators and leasing firms to give repair and
maintenance services at discounted prices. This is further expected to flourish
the market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm”.
“Turkey Automotive Repair And Maintenance Market By
Vehicle Type (Two-Wheeler, Passenger Car, LCV, and M&HCV), By Service Type
(Repair and Maintenance), By Service Area (Automotive Mechanical and Electrical
Parts, Automotive Body Parts, Tire, Paint, Paint protection and coating
services, Interior Parts, Glass, Vehicle Care Services, Quick Services), By
Service Provider (Automobile Manufacturers, Franchise General Repairs, Locally
Owned Repair Shops), By Channel (Online, Offline), By Customer Segment (B2B,
B2C), By Region, Competition Forecast & Opportunities, 2027 has analyzed the future
growth potential of Turkey automotive repair and maintenance market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and assist decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with significant drivers, challenges, and
opportunities in Turkey automotive repair and maintenance market.
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