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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