Turkey Tire Industry Trends 2022: Market Size & Growth Forecast

According to recent findings, the Turkey Tire Market is projected to grow at a CAGR of around 3.45% during the forecast period, i.e., 2022-27.

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Turkey Tire Overview:

The growth of the market attributes primarily to the increasing government focus on infrastructural developments, i.e., projecting numerous construction projects throughout the country and propelling the demand for heavy vehicles while directly impacting the requirement for robust tires.

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Turkey Tire Outlook and Driver :

Swift Expansion of the Commercial Sector - With rapid infrastructural developments, Turkey is witnessing a swift expansion of its commercial sector, exhibiting the construction of hospitals, hotels, educational institutions, office spaces, among others. It, in turn, is boosting the demand for heavy commercial vehicles, trucks, buses, vans, among others, and, consequently, for tires, thereby driving the Turkey Tire Market.

Additionally, the same factors are also instigating the trade of commercial vehicles tires across different countries, augmenting the export import business of tires, and stimulating the expansion of the Turkey Tire Market through 2027.

Turkey Tire Segmentation Analysis:

By Type of Vehicles

Passenger Car
Light Commercial Vehicle
Buses and Trucks
Medium and Heavy Commercial Vehicles
Off the Road (OTR)
Two Wheelers
Three Wheeler

According to reports, Here, Passenger cars acquired the largest market share in recent years, owing prominently to their rapid sales due to improving economic conditions, growing preference for vehicle ownership, and changing living standards.

By Demand Category

OEM
Replacement

By Type of Tire

Radial
Bias

According to reports, Radial tires dominated the Turkey Tire Market with the largest share in the historical years, and the same trend is likely to be followed during the forecast period.

By Sales Channel

Dealer/Exclusive Outlets
Online
Others

According to reports, Here, the demand for tires through Online sales channels is likely to witness the fastest growth in the Turkey Tire Market during the forecast period.

By Season

All season
Summer
Winter

By Price Category

Low
Medium
High

By Rim Diameter

Upto 12”
1” to 15”
1.” to 18”
1” to 20”
1” to 22.5”
6” to 26”
1” to 35”
1” to 47”
Above 47”

By Region

East

For deeper insights into the market, explore the summary of the research report – https://www.marknteladvisors.com/research-library/turkey-tire-market-analysis.html

Some of the Market players in the Turkey Tire are:

Yokohama’
Kumho
Sumitomo
Anlas Anadolu
Maichelin Lastikleri
AbdulKadir Ozcan
Turk-Pirelli
Goodyear-Lastilkeri
Barisa Bridgestone
ÖZKA Lastik ve Kauçuk Sanayi Ticaret A.S.

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Key Highlights of the Report – Unlock Valuable Market Insights

Market Size, Share Future Projections – Understand the current market dimensions and forecasted growth trajectory.
In-Depth Pricing Analysis – Get clarity on pricing trends and cost structures across segments.
Company Strategies Developments – Discover recent mergers, acquisitions, partnerships, and innovations.
Key Stakeholders Value Chain Insights – Identify the main players and their roles within the industry ecosystem.
Import Export Dynamics – Analyze trade flows, regional export trends, and supply chain movements.
Competitive Benchmarking – Gain a clear view of the leading companies and their market positioning.
Emerging Growth Opportunities – Spot untapped areas and niche markets for potential investment.
Market Trends Growth Drivers – Stay ahead with insights into evolving consumer behavior and industry indicators.

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

Define objectives and research design
Collect data through surveys and interviews
Analyze and validate data using reliable tools
Forecast trends and deliver actionable insights

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