Turkey Automotive Tire Market Outlook

turkey is one of the largest automotive markets in europe, and the demand for tires in the country is expected to remain strong in the long term. the automotive tire market in turkey is predicted to grow at a steady pace over the next decade, supported by increased economic growth, population growth, growing passenger car penetration, and the rising demand for high-performance tires. in 2018, passenger cars accounted for the majority of the total tire sale in turkey, and the demand for tires in this segment is expected to increase over the forecast period. the surge in demand for car tires can be attributed to several factors, including the increasing per capita income, positive outlook for economic growth, and increasing use of passenger cars for both personal and commercial purpose. additionally, the ongoing industrialization and modernization have helped expand the scope of automotive operations in the turkish market, further driving the tire market growth. the rapidly increasing presence of international automotive tire manufacturers operating in the turkish market has enabled local manufacturers to offer competitive tires at competitive prices. this, in turn, has kept the prices of automotive tires in check and also allowed customers to access more variety of tires. furthermore, turkey’s e-commerce channel has also helped boost the sales of automotive tires by making them easily accessible to customers. in addition to passenger cars, the demand for two-wheeler tires is expected to increase at a relatively higher rate in turkey during the forecast period. the growth in the two-wheeler segment can be attributed to the rise in the sales of motorcycles, scooters, and mopeds. customers are opting for two-wheelers for economy and flexibility purposes, which in turn has provided the necessary impetus for the tire market in turkey. the turkish automotive tire market is expected to remain well-supplied for the foreseeable future, and the expected demand from the commercial vehicles sector will ensure positive growth trends over the next decade. manufacturers are expected to expand their product portfolios to cater to the diversifying customer needs and preferences. additionally, rigorous safety standards and heavy investments in r&d will enable the turkish automotive tire manufactures to develop technologically advanced, and high-performance tires.