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Turkey Auto Parts Manufacturing Market Size, Share, Growth: By Component: Cooling System, Underbody Components, Engine Components, Electrical Components, Automotive Battery, Automotive Filter, Lighting Components, Chassis System, Others; By Sales Channel; By Vehicle Type; Market Dynamics; Competitive Landscape; 2024-2032
Turkey Auto Parts Manufacturing Market Outlook
The Turkey auto parts manufacturing market size reached approximately USD 8.77 billion in 2023. The market is further projected to grow at a CAGR of 6.2% between 2024 and 2032, reaching a value of USD 15.17 billion by 2032.
Key Trends in the Market
Auto parts manufacturing refers to the process of manufacturing different components for the motor vehicles. The multi-stage and complex process involves testing, designing, delivering, and assembling the components. Auto parts manufacturing companies specialise in the production of various essential components including suspension systems, engines, and brakes, among others.
- The expansion of the automotive sector is bolstering the Turkey auto parts manufacturing market growth. The rising urbanisation, disposable incomes, and population growth is propelling the requirement for vehicles. The increasing concerns about the environment are resulting in the adoption of environment friendly vehicles boosting the production of innovative automotive parts.
- Growing stringency of emission regulations is supporting the market expansion in Turkey as they are resulting in increased investments by the key players of the market towards research and development activities.
- Rapid adoption of novel technologies is providing lucrative growth opportunities to the market. 3D printing and robotics allow the production of customised and complex auto components and ensures greater precision, speed, and cost efficiency. They also aid in optimisation of designs and production of high performing and lightweight components, enhancing the fuel efficiency and vehicle performance.
Turkey Auto Parts Manufacturing Market Analysis
On the basis of component, the market is divided into cooling system, underbody components, engine components, electrical components, automotive battery, automotive filter, lighting components, chassis system, and transmission and steering system, among others.
Cooling system is sub-divided by type into compressor, radiator, pump, and thermostat. Engine components are sub-divided by type into starter, pump, engine, and alternator. Electrical components are sub-divided by type into ignition coil, ignition switch, and spark and glow plug.
Based on sales channel, the market is bifurcated into OEM and aftermarket. On the basis of vehicle type, the Turkey auto parts manufacturing market segmentation includes passenger cars, light commercial vehicles, and heavy commercial vehicles, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Robert Bosch GmbH
- Denso Corporation
- ZF Friedrichshafen AG
- Hyundai Motor Group
- Aisin Corporation
- Others
Market Share by Vehicle Type
Passenger cars are expected to account for a significant Turkey auto parts manufacturing market share over the forecast period. This growth can be attributed to the increased preference for safety and comfort among the regional population and rising disposable incomes. The growing production of electric and hybrid vehicles owing to increasing environmental concerns is aiding the expansion of the segment.
Market Share by Sales Channel
OEM is anticipated to witness significant growth over the forecast period. OEMs directly supply original auto parts to vehicle manufacturers for installation. The advantages associated with partnering with OEMs include reduced material and production costs and minimised investments in manufacturing along with gaining expertise in product design. The increased Turkey auto parts manufacturing market demand is further bolstering the segment growth.
Competitive Landscape
Robert Bosch GmbH, headquartered in Gerlingen, Germany, is a multinational engineering and technology company that was founded in 1886. The company specialises in automated driving, mobility solutions, sustainable technology, and smart homes, among others.
Denso Corporation, headquartered in Aichi, Japan, is a motor vehicle manufacturing company that is dedicated towards providing extraordinary products to their customers through their unique manufacturing processes. The company specialises in wireless charging, connected cars, and human machine interface, among others.
ZF Friedrichshafen AG, headquartered in Friedrichshafen, Germany, is a multinational engineering and manufacturing company that is involved in the production of advanced driver assistance systems, transmission systems, and brake systems, among others.
Other Turkey auto parts manufacturing market key players include Hyundai Motor Group, and Aisin Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Sales Channel |
|
| Breakup by Vehicle Type |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Turkey Auto Parts Manufacturing Market Overview
8.1 Key Industry Highlights
8.2 Turkey Auto Parts Manufacturing Market (2018-2023)
8.3 Turkey Auto Parts Manufacturing Market (2024-2032)
9 Turkey Auto Parts Manufacturing Market by Component
9.1 Cooling System
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Market by Type
9.1.3.1 Compressor
9.1.3.2 Radiator
9.1.3.3 Pump
9.1.3.4 Thermostat
9.2 Underbody Components
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Market by Type
9.2.3.1 Brake Components
9.2.3.2 Exhaust Components
9.3 Engine Components
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Market by Type
9.3.3.1 Starter
9.3.3.2 Pump
9.3.3.3 Engine
9.3.3.4 Alternator
9.4 Electrical Components
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Market by Type
9.4.3.1 Ignition Coil
9.4.3.2 Ignition Switch
9.4.3.3 Spark and Glow Plug
9.5 Automotive Battery
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Automotive Filter
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Lighting Components
9.7.1 Historical Trend (2018-2023)
9.7.2 Forecast Trend (2024-2032)
9.8 Chassis System
9.8.1 Historical Trend (2018-2023)
9.8.2 Forecast Trend (2024-2032)
9.9 Transmission and Steering System
9.9.1 Historical Trend (2018-2023)
9.9.2 Forecast Trend (2024-2032)
9.10 Others
10 Turkey Auto Parts Manufacturing Market by Sales Channel
10.1 OEM
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Aftermarket
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Turkey Auto Parts Manufacturing Market by Vehicle Type
11.1 Passenger Cars
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Light Commercial Vehicles
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Heavy Commercial Vehicles
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Trade Data Analysis
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Robert Bosch GmbH
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Denso Corporation
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 ZF Friedrichshafen AG
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Hyundai Motor Group
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Aisin Corporation
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Turkey Auto Parts Manufacturing Market: Key Industry Highlights, 2018 and 2032
2. Turkey Auto Parts Manufacturing Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Turkey Auto Parts Manufacturing Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Turkey Auto Parts Manufacturing Historical Market: Breakup by Sales Channel (USD Billion), 2018-2023
5. Turkey Auto Parts Manufacturing Market Forecast: Breakup by Sales Channel (USD Billion), 2024-2032
6. Turkey Auto Parts Manufacturing Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7. Turkey Auto Parts Manufacturing Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8. Major Exporting Countries by Value
9. Major Importing Countries by Value
10. Major Exporting Countries by Volume
11. Major Importing Countries by Volume
12. Turkey Auto Parts Manufacturing Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 8.77 billion in 2023.
The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 15.17 billion by 2032.
The major market drivers include increased passenger vehicle demand and growing stringency of emission regulations.
The key trends fuelling the growth of the market include expansion of the automotive sector and rapid adoption of novel technologies including 3D printing and robotics.
The major components include cooling system, underbody components, engine components, electrical components, automotive battery, automotive filter, lighting components, chassis system, and transmission and steering system, among others.
The significant sales channels include OEM and aftermarket.
The key players in the market are Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Hyundai Motor Group, and Aisin Corporation, among others.
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