Turkey Automotive Parts Market Brief
About this product:Increased consumer demand in the 1990s and Turkey’s Customs Union agreement with the EU drove rapid growth of automotive production in Turkey. The growing local market and promising neighboring export markets (the CIS, Central and Eastern Europe and the Middle East), in addition to Turkey’s strategic proximity to the EU, cheap but qualified workforce and other productivity-related cost advantages attracted foreign direct investment to Turkey. Most international vehicle producers, presently, there are 19 vehicle producers in the Turkish market, have already started production in Turkey. Some of the existing ones, like Ford, Renault, Fiat, and Toyota, with their local partners, have gone further and either are planning to increase their capacities, or have already started investments to do so.