Report on Turkey Tyre Market Forecast and Opportunities, 2020

Bharat Book Bureau provides the report, on “Report on Turkey Tyre Market Forecast and Opportunities, 2020” The Report country’s automobile sector is witnessing revival on account of favorable tax and investment policies of the Turkish government, which in turn, is fueling demand for tyres in the country.

https://www.bharatbook.com/automotive-market-research-reports-335713/turkey-tyre-forecast-opportunities.html

29th Dec 2015 - Mumbai, India: Bharatbook.com announces a report on “Report on Turkey Tyre Market Forecast and Opportunities, 2020” The report Growth in the country’s tyre market is also driven by increasing domestic automobile production, expanding automobile fleet and favorable government policies.

Being one of the major centers for trade in Asia, Turkey offers automotive manufacturers huge opportunities to increase their penetration across Europe, Central Asia and the Middle East. In 2015, vehicle motorization rate in Turkey stood at around 200 vehicles per 1,000 people. Low vehicle ownership, coupled with the country’s robustly growing infrastructure is propelling growth in Turkey’s automotive industry, including the tyre market. Growth in the country’s tyre market is also driven by increasing domestic automobile production, expanding automobile fleet and favorable government policies such as membership with European Customs Union.

According to “Turkey Tyre Market Forecast & Opportunities, 2020", the tyre market in the country is projected to surpass US$ 2.6 billion by 2020. The country’s automobile sector is witnessing revival on account of favorable tax and investment policies of the Turkish government, which in turn, is fueling demand for tyres in the country. In 2014, Marmara region had the largest share in the country’s tyre market, followed by Central Anatolia, Aegean and Mediterranean regions. Brisa Bridgestone, Goodyear and Pirelli are few of the major tyre players operating in Turkey. “Turkey Tyre Market Forecast & Opportunities, 2020”...