The market is dominated by foreign suppliers, as imports account for 58.3% of total market size in 2023. Investments drive market demand, with investments representing 49.2% of total demand in 2023. Turkey has the sixth largest market size for electrical equipment for engines and vehicles regionally, with demand reaching USD4.9 billion in 2023. Odelo Otomotiv Aydinlatma AS is the largest company in Turkey, generating 9.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 17.0% of total production value in 2023. The total number of companies increases in 2023, to 4,685 units. The costs of the industry increase by 21.1% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 35.4% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 41.4% of total production output. With production value of USD3.0 billion, Turkey accounts for 3.6% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Electrical Equipment for Engines and Vehicles in Turkey: ISIC 319. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electrical Equipment for Engines and Vehicles in Turkey: ISIC 319 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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