Turkey Automotive Repair and Maintenance Services Market Projected to Register a Formidable Growth Through 2027
Increasing incidences of road accidents is leading to
high demand for automotive repair and maintenance services, which is expected
to drive the growth of Turkey automotive repair and maintenance services market.
According to TechSci report on, “Turkey
Automotive Repair and Maintenance Services Market – By Region, Competition Forecast &
Opportunities, 2027”, the Turkey automotive repair and maintenance
market may grow with an impressive CAGR during the forecast period of 2023-2027.
The market growth can be accredited to the increasing number of people buying
and owning a car in Turkey. This can be accredited to the rising disposable
income of the consumers, elevating standards of living, and growing preference
for safe and comfortable transport. Moreover, the rise in the number of
passenger cars is anticipated to accelerate the repair and maintenance services
sales. For instance, in 2019, Turkey recorded over 12.5 million registered
passenger cars. People are increasingly using passenger cars as a daily mode of
commuting, which eventually requires a regular checkup to avoid any
malfunction. Furthermore, the rising promotion by the government and several
other private market players for the adoption of electric cars is providing
lucrative growth opportunities to the market. There has been a rise in the
demand for electric vehicles in turkey as compared to the previous year.
According to a report, electric vehicle market unit sales are expected to reach
10,685.2 vehicles in 2027. The increase in sales in the usage of electric cars
is resulting in increased dependence on automotive repair and maintenance
services. In addition to this, the introduction of advanced technologies in the
repair and maintenance equipment, such as automotive diagnostics tools, is
providing a thrust to the market. With the help of AR (augmented reality) apps
and Big Data, repair and maintenance service providers are able to understand
complex, analyze customer and car data and provide an accurate and effective
service.
Browse over XX market data Figures
spread through 70 Pages and an in-depth TOC on "Turkey Automotive Repair and Maintenance Services
Market"
The
Turkey automotive repair and maintenance services market is segmented by
vehicle type, service area, service provider, channel, competitive landscape,
distribution channel, and regional distribution. Based on the vehicle type, the
market is differentiated between two-wheeler, passenger cars, LCV, MCV, and
HCV. Among these, the passenger car segment is expected to hold a considerable
market share over the forecast period. This can be attributed to the increasing
per capita income of the consumers along with their elevating standards of
living. Moreover, with increased purchasing power, people are opting for a
convenient, comfortable, and safe mode of transportation. Apart from this, to
have a competitive edge in the market, the manufacturers are introducing
passenger cars with stylish designs and compact sizes at an economical value,
resulting in a larger market share. This eventually is leading to a larger
number of passenger car owners availing of vehicle repair and maintenance
services.
By
service area, the market is segmented into automotive mechanical and electrical
parts, automotive body parts, tires, paint, interior parts, glass, and others.
Among these, automotive mechanical and electrical parts are anticipated to hold
a prominent market share in the coming years. This is primarily because when a
vehicle is used as a mode of daily commuting, its engine and other internal
electrical components are more likely to get damaged as compared to other
automobile parts. Asa result, these components require more repair and
maintenance services.
Based
on the channel, the market is divided between online and offline. The online
channel is anticipated to hold a significant market share in the coming years.
This is primarily because online channels are easily accessible and provide
clear information regarding cost and the quality of vehicle repair and
maintenance services. Moreover, with the increasing internet and smartphone
penetration, the customer can easily compare several service providers and opt
for the suitable one for them. As a result, the online segment will lead the
market in the coming years.
A
list of major market players of the Turkey automotive repair and maintenance services
market includes:
- 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.
Download
Sample Report
Customers
can also request for 10% free customization on this report.
“Turkey is one of the
renowned hubs for production in the automotive sector. It is considered as the
15th largest automotive sector in the world. Turkey has a qualified and young
workforce which makes the automotive sector in Turkey automotive sector prominent
production and supply center for leading international players, especially
France and Germany. Apart from this, according to a survey done in turkey,
vehicle owners tend to keep their old vehicles as second-hand cars instead of
scraping or re-selling them. This, in turn is resulting in increased demand for
repair and maintenance services, hence providing lucrative growth opportunities
to the market players.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Turkey Automotive Repair
and Maintenance Services Market By Aircraft Type (Narrow-body Aircraft,
Wide-Body Aircraft, Regional Aircraft, Business Aircraft), By Demand Category
(OEM vs Replacement), By Empennage Type (Horizontal Empennages, Vertical
Empennages), By Region, Competition Forecast & Opportunities, 2017-2027” has evaluated the future growth potential of Turkey
automotive repair and maintenance services market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Turkey automotive repair and maintenance services market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web:
https://www.techsciresearch.com