Automotive Industry
Subcategories
Turkey Automotive Spare Parts Industry
With an average export rate of 85%, Turkey has become the largest export base of global OEMs outside of the EU. Furthermore, component exports have also increased by %13 over the past years in close relation with global developments. In 2019 the total export amount reached 31.2 billion $. Almost half of this amount comes from the export of Ford Otosan and Oyak Renault.
International presence in Turkey
International giant automotive companies operate in Turkey. There are 9 R&D centers around Turkey and they not only support the local operations but also the international companies’ operations.
- Ford Otosan has an R&D center in Turkey which is the third-largest R&D center of Ford globally.
- Fiat’s R&D center in Bursa, Turkey is the only one outside of Italy serving the European market.
- Toyota is producing C-HR and Corolla Hybrid models in Turkey for world markets.
- Daimler’s R&D center has a globally important responsibility for the production of some parts of vehicles.
2022 projection for the automotive industry
As a result of the Covid-19 pandemic, the growth in the automotive industry has stopped and even some countries have already experienced narrowing in their local automotive market. Especially China’s automotive industry, which is one of the most important markets for the industry, has narrowed considerably.
However, Turkey’s automotive industry has been affected less than the other countries thanks to the strong industry, close relations, and easy transport to Europe. Following the pandemic, many other countries have been looking for opportunities for production in different countries to create alternatives to China in order not to stop their production chains.