The market is dominated by domestic suppliers, as imports account for 44.4% of total market size in 2023. Households drive market demand, with household spending representing 88.4% of total demand in 2023. Turkey has the ninth largest market size for motorcycles, bicycles and other transport equipment regionally, with demand reaching USD1.6 billion in 2023. Umit Bisiklet San ve Tic Ltd Sti is the largest company in Turkey, generating 5.5% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 13.8% of total production value in 2023. The total number of companies increases in 2023, to 562 units. The costs of the industry increase by 24.6% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 24.7% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 20.2% of total production output. With production value of USD670 million, Turkey accounts for 2.5% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Motorcycles, Bicycles and Other Transport Equipment in Turkey: ISIC 359. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motorcycles, Bicycles and Other Transport Equipment in Turkey: ISIC 359 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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