Research and Markets: Automotive Market in Turkey 2011-2015: Various Automobile Giants Have Made Turkey a Platform to Enter the

  Research and Markets: Automotive Market in Turkey 2011-2015: Various
  Automobile Giants Have Made Turkey a Platform to Enter the European
  Automotive Markets

Business Wire

DUBLIN -- August 08, 2012

Research and Markets
(http://www.researchandmarkets.com/research/7q5pt4/automotive_market) has
announced the addition of the "Automotive Market in Turkey 2011-2015" report
to their offering.

TechNavio's analysts forecast the Automotive market in Turkey to grow at a
CAGR of 8.4 percent over the period 2011-2015. One of the key factors
contributing to this market growth is the Turkish Government's support for the
Automotive industry. The Automotive market in Turkey has also been witnessing
an export shift toward the Middle East and North Africa. However, increasing
raw material prices could pose a challenge to the growth of this market.

Key vendors dominating this market space include Renault SA., Ford Motor Co.,
Daimler AG, Otokar Otomotiv ve Savunma Sanayi AS.

Other vendors mentioned in the report: Oyak-Renault Otomobil Fabrikaları AÅ,
TofaÅ, Toyota Motor Manufacturing, Hyundai Assan Otomotiv San ve Tic AÅ, Honda
Turkiye AS, Mercedes-Benz Türk AS, Ford Otosan, Anadolu Isuzu Otomotiv Sanayi
ve Ticaret AS, Karsan Otomotiv Sanayii ve Ticaret AÅ, Temsa Global, Otokar
Otomotiv ve Savunma Sanayi AÅ, British Motor Corp., Karsan Otomotiv Sanayii ve
Ticaret AÅ, Maschinenfabrik Augsburg-Nurnberg.

Commenting on the report, an analyst from TechNavio's Automotive team said;
The Automotive market in Turkey will witness a shift toward the Middle East
and North Africa for exports. Presently, the production is focused on exports
to Europe and the US. Therefore, Turkey will have to find other export markets
in the Middle East and North Africa to eliminate its dependence on the
unstable European Automotive market. Government intervention for setting up
production, a young population, and R&D units will attract considerable
foreign investments to the Automotive segment in Turkey, and these are some of
the factors that will boost the export of automobiles in Turkey.

According to the report, one of the major growth drivers is the Turkish
Government's support for the Automotive industry. Incentives and subsidies
given by the Government to promote vehicles are driving the Automotive market
in Turkey. In addition, taking the benefits of government incentives, various
automobile giants have made Turkey a platform to enter the European Automotive
markets, which will boost the industry's growth in Turkey.

Further, the report also discusses that the increasing pricing pressure due to
intense competition constitutes a major challenge for the Automotive market in
Turkey.

For more information visit
http://www.researchandmarkets.com/research/7q5pt4/automotive_market

Contact:

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Automotive