Turkey Automobile Sector Forecast (2008-2012)

Publication Date	August 2008
Publisher	RNCOS
Product Type	Report
Pages	80
ISBN Number	not applicable
Product Code	RCS00469

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Summary

Automobile sector plays a vital role in Turkey's economy and it has taken an important place in the export mix from the country. The automobile export in 2007 from Turkey was nearly 75% of its total auto production, a straight growth of 18% from the previous year. Increasing export volumes are making Turkey the next export hub for automobile, says the RNCOS research report - Turkey Automobile Sector Forecast (2008-2012). The emergence of Turkey as an export center is attracting major players from across the world to invest in the auto sector. In fact, FDI inflow in the sector has been continuously increasing from past few years on account of Turkey's strategic location and closeness with both European and the Middle East countries. Various automobile giants have made Turkey a gateway to enter the European auto markets and taking the benefits of government incentives. The report studies the Turkish automobile market, comprising of passenger cars, commercial vehicles, tractors, and automotive component market, comprehensively. It also evaluates the export market and opportunities for the automobile industry and its associated industries.

Key Findings

Free Trade Zones (FTZs) are designed to encourage trade to and from Turkey, boosting the automobile sector in the country.
Passenger car segment has the largest share in all aspects of the automobile industry i.e. exports, production, imports, and sales.
Production of automobiles in Turkey grew by 11% in 2007 over 2006.
Automotive component production grew at a CAGR of 21.55% during 2003-2007; therefore, the annual automobile production is estimated to increase to 1.8 Million by 2012.
Exports by the Turkish automobile industry are projected to surge at a CAGR of 11.49% during 2008-2012.

Key Issues and Facts Analyzed

What are the driving factors for the Turkish automobile industry?
What are the trends in automobile component industry?
What are the opportunities for the automobile industry and its associated industries?
Which segment of the automobile sector holds major share?
What would be the projected growth of automobile industry in various aspects?
Who are the major players in the Turkish automobile industry in terms of production, exports and sales?

Research Methodology Used

Information Sources

The information has been taken from authentic and reliable sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.

Analysis Method

Methods, like historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis, have been used for a prudent analysis.

Content

1. Analyst View
2. Automobile Industry - Turkey vs European Countries
3. Why is Automobile Sector Performing Well?
- 3.1 Booming Economy
- 3.2 Government Initiatives & Incentives
- 3.3 Location
- 3.4 Production Cost
- 3.5 Infrastructure
- 3.6 Foreign Direct Investment
4. Turkey - Automobile Industry
- 4.1 Domestic Market
  - 4.1.1 Production
  - 4.1.2 Sales
  - 4.1.3 Import
- 4.2 Export Market
  - 4.2.1 By Volume
  - 4.2.2 By Value
  - 4.2.3 By Vehicle Type
  - 4.2.4 By Country
- 4.3 Performance by Segment to 2012
  - 4.3.1 Passenger Cars
  - 4.3.2 Pick-up Trucks
  - 4.3.3 Buses
  - 4.3.4 Trucks
  - 4.3.5 Farm Tractors
5. Automotive Component Industry
- 5.1 Domestic Market
  - 5.1.1 Production
  - 5.1.2 Demand
  - 5.1.3 Import
- 5.2 Export Market
  - 5.2.1 Spare Parts & Accessories
  - 5.2.2 Tyres & Tubes
  - 5.2.3 Batteries
  - 5.2.4 Safety Glass
6. Industry Analysis
- 6.1 Opportunities
  - 6.1.1 Component Manufacturers
  - 6.1.2 New Infrastructure Set-up
  - 6.1.3 Untapped Domestic Market
  - 6.1.4 Steel & Aluminium Industry
  - 6.1.5 Insurance Market
  - 6.1.6 Alternative Fuel Cars
- 6.2 Roadblocks
  - 6.2.1 Steel Price
  - 6.2.2 Interest Rates
  - 6.2.3 Surging Oil Prices
7. Key Players
- 7.1 Ford Motor Company
- 7.2 Hyundai Motor Company
- 7.3 Toyota
- 7.4 Renault SA
- 7.5 Tofas
List of Figures:
- Figure 2-1: Turkey - Growth in Automobile Production w.r.t Leading European Countries (%), 2007
- Figure 2-2: Turkey - Automotive Trade with EU (in Billion Euro), 2003, 2005 & 2007
- Figure 3-1: Turkey - Labor Cost in Automotive Industry w.r.t Other Regions (in US$/Hour), 2004
- Figure 3-2: Slovakia - Rating w.r.t Other European Countries on the Availability of Skilled Labor, 2007
- Figure 4-1: Turkey - Automobile Production (in '000 Units), 2003-2007
- Figure 4-2: Turkey - Automobile Production* Structure (%), 2007
- Figure 4-3: Turkey - Share of Top 5 Players in Automobile Production* (%), 2007
- Figure 4-4: Turkey - Forecast for Automobile Production** (in Million Units), 2008*-2012
- Figure 4-5: Turkey - Automobile Retail Sales* (in '000 Units), 2003-2007
- Figure 4-6: Turkey - Domestic Automobile Wholesales* (in '000 Units), 2003-2007
- Figure 4-7: Turkey - Domestic Automobile Wholesales* Structure (%), 2007
- Figure 4-8: Turkey - Share of Top 5 Players in Domestic Automobile Wholesales* (%), 2007
- Figure 4-9: Turkey - Automobile Imports (in Billion US$), 2003-2007
- Figure 4-10: Turkey - Automobile Imports (in '000 Units), 2003-2007
- Figure 4-11: Turkey - Automobile Imports* Structure (%), 2007
- Figure 4-12: Turkey - Automobile Exports* (in '000 Units), 2003-2007
- Figure 4-13: Turkey - Automobile Exports (in Billion US$), 2003-2007
- Figure 4-14: Turkey - Share of Top 5 Players in Automobile Exports* (%), 2007
- Figure 4-15: Turkey - Automobile Exports* Structure (%), 2007
- Figure 4-16: Turkey - Forecast for Automobile Exports (in Billion US$), 2008*-2012
- Figure 4-17: Turkey - Passenger Cars Production (in '000 Units), 2003-2007
- Figure 4-18: Turkey - Share of Players in Passenger Cars Production* (%), 2007
- Figure 4-19: Turkey - Domestic Passenger Car Wholesales (in '000 Units), 2003-2007
- Figure 4-20: Turkey - Passenger Car Exports (in '000 Units), 2003-2007
- Figure 4-21: Turkey - Passenger Car Imports (in '000 Units), 2003-2007
- Figure 4-22: Turkey - Forecast for Passenger Car Registrations (in '000 Units), 2008*-2012
- Figure 4-23: Turkey - Forecast for Passenger Car Stock (per '000 Population), 2008*-2012
- Figure 4-24: Turkey - Pick-up Trucks Production (in '000 Units), 2003-2007
- Figure 4-25: Turkey - Share of Top 5 Players in Pick-up Trucks Production* (%), 2007
- Figure 4-26: Turkey - Domestic Pick-up Truck Wholesales (in '000 Units), 2003-2007
- Figure 4-27: Turkey - Pick-up Truck Exports (in '000 Units), 2003-2007
- Figure 4-28: Turkey - Buses Production by Body Type (in Units), 2003-2007
- Figure 4-29: Turkey - Share of Top 5 Players in Buses Production* (%), 2007
- Figure 4-30: Turkey - Domestic Bus Wholesales by Body Type (in Units), 2003-2007
- Figure 4-31: Turkey - Bus Exports by Body Type (in Units), 2003-2007
- Figure 4-32: Turkey - Trucks Production (in Units), 2003-2007
- Figure 4-33: Turkey - Domestic Truck Wholesales (in Units), 2003-2007
- Figure 4-34: Turkey - Truck Exports (in Units), 2003-2007
- Figure 4-35: Turkey - Farm Tractors Production (in Units), 2006 & 2007
- Figure 4-36: Turkey - Farm Tractor Exports (in Units), 2006 & 2007
- Figure 4-37: Turkey - Forecast for Commercial Vehicle Registrations (in '000 Units), 2008*-2012
- Figure 5-1: Turkey - Automotive Components Production (in Million US$), 2003-2007E
- Figure 5-2: Turkey - Automotive Components Demand (in Million US$), 2003-2007E
- Figure 5-3: Turkey - Automotive Component Imports (in Million US$), 2003-2007E
- Figure 5-4: Turkey - Automotive Component Exports (in Million US$), 2003-2007
- Figure 5-5: Turkey - Automotive Component Exports by Segment (%), 2007
- Figure 5-6: Turkey - Spare Parts & Accessories Exports (in Million US$), 2003-2007
- Figure 5-7: Turkey - Tyres & Tubes Exports (in Million US$), 2003-2007
- Figure 5-8: Turkey - Batteries Exports (in Million US$), 2003-2007
- Figure 5-9: Turkey - Safety Glass Exports (in Million US$), 2003-2007
- Figure 6-1: Turkey - Forecast for Premium from Passenger Cars Insurance (in Million US$), 2008*-2012
- Figure 6-2: Turkey - LPG Powered Cars (in '000 Units), 2004, 2007 & 2008E
- Figure 6-3: Global - Carbon Steel Price (in US$/Metric Ton), May 2007 & May 2008
- Figure 6-4: Global - Crude Oil Price (in US$/Barrel), 2007-2009F
  - List of Table:
- Table 3-1: Turkey - Population Breakup by Age-group (%), 2007
- Table 3-2: Turkey - Transportation Infrastructure
- Table 4-1: Turkey - Affordability Rank for Automobile
- Table 4-2: Turkey - Automobile Exports by Country (in Million US$), Jan-May 2007 & Jan-May 2008
- Table 6-1: Turkey & EU - Automotive Penetration (per '000 Population), June 2007
- Table 7-1: Ford Motor Company - Strength & Weakness
- Table 7-2: Hyundai Motor Company - Strength & Weakness
- Table 7-3: Toyota - Strength & Weakness
- Table 7-4: Renault SA - Strength & Weakness