Turkish Heavy Duty Commercial Vehicles Market, Forecast to 2022
Turkish Heavy Duty Commercial Vehicles Market, Forecast to 2022
Market Volume Expected to Exceed 15 Thousand Units in 2022 and Reach its Full Potential post-2022
22-Jan-2019
Europe
Market Research
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Description
Heavy duty (HD) commercial vehicles sales in Turkey are expected to decline over 2017–2022. The market is expected to record a CAGR of (0.6%) during this period and market recovery is projected 2020 onwards. In 2022, sales are projected to reach 15.3 thousand units. While Istanbul is a leader in terms of tractor sales, Ankara is the main market for rigid trucks driven by the ongoing construction mega projects. The share of large fleets in total sales will be expanding, as the segment demonstrates higher resistance to economic turbulence. While large fleets represent the main customers for Turkey’s HD trucks market, the trend is stronger within the tractors segment. The OEMs based in Turkey are expected to focus on new launches and facelifts in the 4x2 tractor segment, with the key product being dual-usage tractors. The 4x2 dual usage tractor caters to users from both logistics and construction industries. Their dual-usage nature allows catering to the second-hand market and keeping the residual value of the vehicle at a higher level. The market for heavy duty commercial vehicles will be driven by construction mega projects. Ongoing construction projects are expected to positively impact the construction off-road segment, increasing its share in the total market. Demand from construction has also resulted in the formation of specific demand patterns for the Turkish heavy duty trucks market: bulk purchase of vehicles and need for immediate stock availability. Fleet renewals in the logistics segment within the upcoming period represent another strong factor, positively impacting the market. On the other hand, the market will be temporarily restrained by currency fluctuations and transition to Euro VI standards. Transition to Euro VI resulted in a pre-buy effect in 2015, when customers were increasingly buying Euro V vehicles. Transition also put pressure on the prices and stock supply of vehicles. With regard to the competitor structure, Mercedes-Benz and Ford Otosan will continue holding the leading positions in the market. The OEMs are producing locally. Local presence allows them to enjoy benefits such as price flexibility and high stock. More than five interviews have been conducted face-to-face and over the phone by senior consultants / industry analysts with vehicle manufacturers and distributors in Turkey. Primary research has accounted for 80% of the total research.
Research Scope
The study covers an overview of the key vehicle models offered in the market by competitors, their positions within both construction and logistics segments, and demand for different brands among small, medium, and large fleets. The study period is 2015–2022.
Table of Contents
Executive Summary—Key Findings
Market for HD Commercial Vehicles—Units Forecast
HD Trucks Market Outlook
Turkey’s Transition toward Euro VI Standards
Overview of Key Vehicle Segments
Key Models—Logistics: Rigid Trucks
Key Models—Logistics: Domestic and International Tractors
Key Models—Construction: Off-road Trucks
Key Models—Construction: On-road Tractors
Research Scope
Research Aim and Objectives
Research Background
Research Methodology
Study Segmentation
Historical Glance on Turkey’s Economy
Turkey—Macroeconomic Overview
Construction Sector in Turkey and Projects in Progress
Turkey’s Export Overview
Top Import Destinations and Partners—Turkey
Road Freight Development—Turkey
Market Drivers
Market Restraints
Market for Heavy Duty Commercial Vehicles—Frost & Sullivan Scenario
HD Commercial Vehicles Market—Geographical Distribution
HD Commercial Vehicles Market—Overview of the Top 5 Locations
HD Commercial Vehicles—Customer Distribution by Fleet
OEM Market Share Breakdown by Fleet Size
Tractors Market Analysis—Breakdown by Application Area
Rigid Trucks Market Analysis—Breakdown by Application Area
Heavy Duty Commercial Vehicles Market Share
Overview of Key Participants During 2014–2017
Rigid Truck Registrations by Brand
Market Share for Rigid Trucks During 2014–2017
Tractor Registrations by Brand
Market Share for Tractors During 2014–2017
Construction Segment—Market Share Analysis
Logistics Segment—Market Share Analysis
Turkish Heavy Duty Commercial Vehicles Market—5 Major Growth Opportunities
Strategic Imperatives for Success and Growth
Key Conclusions
Legal Disclaimer
Abbreviations and Acronyms Used
Market Engineering Methodology
List of Exhibits
- 1. HD Commercial Vehicles Market: Key Takeaways, Turkey, 2017–2022
- 2. HD Commercial Vehicles Market: Future Outlook, Turkey, 2017 and 2022
- 3. Implications of Turkey’s Transition toward Euro VI Standards, 2017–2018
- 4. HD Commercial Vehicles Market: Overview of Key Segments, Turkey, 2015–2022
- 5. HD Commercial Vehicles Market: Overview of Key Models in the Segment of Logistics Rigid Trucks, Turkey, 2017
- 6. HD Commercial Vehicles Market: Overview of Key Models in the Segment of Logistics Tractors, Turkey, 2017
- 7. HD Commercial Vehicles Market: Overview of Key Models in the Segment of Construction Off-road Trucks, Turkey, 2017
- 8. HD Commercial Vehicles Market: Overview of Key Models in the Segment of Construction On-road Tractors, Turkey, 2017
- 9. HD Commercial Vehicles Market: Key Industry Participants, Turkey, 2017–2018
- 10. Key Metrics Projections, Turkey, 2018 and 2020
- 11. Export Share by Region*, Turkey, 2015 and 2017
- 12. Major Trading Partners–Export, Turkey, 2017
- 13. Major Export Destinations*, Turkey, 2017
- 14. Major Import Destinations*, Turkey, 2017
- 15. Import Share by Region,* Turkey, 2015 and 2017
- 16. Major Trading Partners–Import, Turkey, 2017
- 17. HD Commercial Vehicles Market: Key Market Drivers, Turkey, 2018–2022
- 18. HD Commercial Vehicles Market: Market Drivers Overview, Turkey, 2018–2022
- 19. HD Commercial Vehicles Market: Market Restraints, Turkey, 2018–2022
- 20. HD Commercial Vehicles Market: Market Restraints Overview, Turkey, 2018–2022
- 21. HD Commercial Vehicles Market: Overview of the Top 5 Locations, Turkey, 2017
- 22. HD Commercial Vehicles Market: Key Participants’ Overview, Turkey, 2014–2017
- 1. HD Commercial Vehicles Market: Units Forecast, Turkey, 2015–2022
- 2. GDP Growth at Constant Prices, Turkey, 1990–2017
- 3. GDP Growth at Constant Prices, Turkey, 2015–2022
- 4. Top 10 Projects by Investment Amount, Turkey, 2017
- 5. Project Distribution by Region, Turkey, 2017
- 6. Road Freight Volume, Turkey, 2012–2018
- 7. HD Commercial Vehicles Market: Unit Sales Forecast, Frost & Sullivan Scenario, Turkey, 2015–2022
- 8. HD Commercial Vehicles Market: Unit Sales in Select Cities, Turkey, 2017
- 9. HD Commercial Vehicles Market: Breakdown by Fleet Size across Key Segments, Turkey, 2017
- 10. HD Commercial Vehicles Market: OEM Market Share Breakdown by Fleet Size, Turkey, 2017
- 11. HD Commercial Vehicles Market: Tractor New Registrations Breakdown by Application Area, Turkey, 2017
- 12. HD Commercial Vehicles Market: Tractor New Registrations Breakdown by Application Area, Turkey, 2022
- 13. HD Commercial Vehicles Market: Rigid Truck New Registrations Breakdown by Application Area, Turkey, 2022
- 14. HD Commercial Vehicles Market: Rigid Truck New Registrations Breakdown by Application Area, Turkey, 2017
- 15. HD Commercial Vehicles Market: Market Share, Turkey, 2014–2017
- 16. HD Commercial Vehicles Market: New Rigid Truck* Registrations by Brand, Turkey, 2015–2017
- 17. HD Commercial Vehicles Market: New Rigid Truck Registrations by Brand, Turkey, 2014–2017
- 18. HD Commercial Vehicles Market: New Tractor* Registrations by Brand, Turkey, 2015–2017
- 19. New Tractor Registrations by Brand, Turkey, 2014–2017
- 20. Construction Segment: Rigid Trucks Market Share, Turkey, 2017
- 21. Construction Segment: Tractors Market Share, Turkey, 2017
- 22. Logistics Segment: Tractors Market Share, Turkey, 2017
- 23. Logistics Segment: Rigid Trucks Market Share, Turkey, 2017
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Deliverable Type | Market Research |
---|---|
No Index | No |
Podcast | No |
Table of Contents | | Executive Summary~ || Executive Summary—Key Findings~ || Market for HD Commercial Vehicles—Units Forecast~ || HD Trucks Market Outlook~ || Turkey’s Transition toward Euro VI Standards~ || Overview of Key Vehicle Segments~ || Key Models—Logistics: Rigid Trucks~ || Key Models—Logistics: Domestic and International Tractors~ || Key Models—Construction: Off-road Trucks~ || Key Models—Construction: On-road Tractors~ | Research Scope, Objectives, Background, and Methodology~ || Research Scope~ || Research Aim and Objectives~ || Research Background~ || Research Methodology~ || Study Segmentation~ | Ongoing Trends Impacting the HD Commercial Vehicles Market~ || Historical Glance on Turkey’s Economy~ || Turkey—Macroeconomic Overview~ || Construction Sector in Turkey and Projects in Progress~ || Turkey’s Export Overview~ || Top Import Destinations and Partners—Turkey~ || Road Freight Development—Turkey~ | Market Drivers and Restraints~ || Market Drivers~ || Market Restraints~ | Heavy Duty Commercial Vehicles Outlook—Turkey~ || Market for Heavy Duty Commercial Vehicles—Frost & Sullivan Scenario~ || HD Commercial Vehicles Market—Geographical Distribution~ || HD Commercial Vehicles Market—Overview of the Top 5 Locations~ || HD Commercial Vehicles—Customer Distribution by Fleet~ || OEM Market Share Breakdown by Fleet Size~ || Tractors Market Analysis—Breakdown by Application Area~ || Rigid Trucks Market Analysis—Breakdown by Application Area~ || Heavy Duty Commercial Vehicles Market Share~ || Overview of Key Participants During 2014–2017~ || Rigid Truck Registrations by Brand~ || Market Share for Rigid Trucks During 2014–2017~ || Tractor Registrations by Brand~ || Market Share for Tractors During 2014–2017~ || Construction Segment—Market Share Analysis~ || Logistics Segment—Market Share Analysis~ | Growth Opportunities and Companies to Action~ || Turkish Heavy Duty Commercial Vehicles Market—5 Major Growth Opportunities~ || Strategic Imperatives for Success and Growth~ | Conclusions~ || Key Conclusions~ || Legal Disclaimer~ | Appendix~ || Abbreviations and Acronyms Used~ || Market Engineering Methodology~ || List of Exhibits~ |
Predecessor | MC5F-01-00-00-00 |
List of Charts and Figures | 1. HD Commercial Vehicles Market: Key Takeaways, Turkey, 2017–2022~ 2. HD Commercial Vehicles Market: Future Outlook, Turkey, 2017 and 2022~ 3. Implications of Turkey’s Transition toward Euro VI Standards, 2017–2018~ 4. HD Commercial Vehicles Market: Overview of Key Segments, Turkey, 2015–2022~ 5. HD Commercial Vehicles Market: Overview of Key Models in the Segment of Logistics Rigid Trucks, Turkey, 2017~ 6. HD Commercial Vehicles Market: Overview of Key Models in the Segment of Logistics Tractors, Turkey, 2017~ 7. HD Commercial Vehicles Market: Overview of Key Models in the Segment of Construction Off-road Trucks, Turkey, 2017~ 8. HD Commercial Vehicles Market: Overview of Key Models in the Segment of Construction On-road Tractors, Turkey, 2017~ 9. HD Commercial Vehicles Market: Key Industry Participants, Turkey, 2017–2018~ 10. Key Metrics Projections, Turkey, 2018 and 2020~ 11. Export Share by Region*, Turkey, 2015 and 2017 ~ 12. Major Trading Partners–Export, Turkey, 2017 ~ 13. Major Export Destinations*, Turkey, 2017~ 14. Major Import Destinations*, Turkey, 2017~ 15. Import Share by Region,* Turkey, 2015 and 2017 ~ 16. Major Trading Partners–Import, Turkey, 2017 ~ 17. HD Commercial Vehicles Market: Key Market Drivers, Turkey, 2018–2022~ 18. HD Commercial Vehicles Market: Market Drivers Overview, Turkey, 2018–2022~ 19. HD Commercial Vehicles Market: Market Restraints, Turkey, 2018–2022~ 20. HD Commercial Vehicles Market: Market Restraints Overview, Turkey, 2018–2022~ 21. HD Commercial Vehicles Market: Overview of the Top 5 Locations, Turkey, 2017~ 22. HD Commercial Vehicles Market: Key Participants’ Overview, Turkey, 2014–2017~| 1. HD Commercial Vehicles Market: Units Forecast, Turkey, 2015–2022~ 2. GDP Growth at Constant Prices, Turkey, 1990–2017~ 3. GDP Growth at Constant Prices, Turkey, 2015–2022~ 4. Top 10 Projects by Investment Amount, Turkey, 2017~ 5. Project Distribution by Region, Turkey, 2017~ 6. Road Freight Volume, Turkey, 2012–2018 ~ 7. HD Commercial Vehicles Market: Unit Sales Forecast, Frost & Sullivan Scenario, Turkey, 2015–2022~ 8. HD Commercial Vehicles Market: Unit Sales in Select Cities, Turkey, 2017~ 9. HD Commercial Vehicles Market: Breakdown by Fleet Size across Key Segments, Turkey, 2017~ 10. HD Commercial Vehicles Market: OEM Market Share Breakdown by Fleet Size, Turkey, 2017~ 11. HD Commercial Vehicles Market: Tractor New Registrations Breakdown by Application Area, Turkey, 2017~ 12. HD Commercial Vehicles Market: Tractor New Registrations Breakdown by Application Area, Turkey, 2022~ 13. HD Commercial Vehicles Market: Rigid Truck New Registrations Breakdown by Application Area, Turkey, 2022~ 14. HD Commercial Vehicles Market: Rigid Truck New Registrations Breakdown by Application Area, Turkey, 2017~ 15. HD Commercial Vehicles Market: Market Share, Turkey, 2014–2017~ 16. HD Commercial Vehicles Market: New Rigid Truck* Registrations by Brand, Turkey, 2015–2017~ 17. HD Commercial Vehicles Market: New Rigid Truck Registrations by Brand, Turkey, 2014–2017~ 18. HD Commercial Vehicles Market: New Tractor* Registrations by Brand, Turkey, 2015–2017~ 19. New Tractor Registrations by Brand, Turkey, 2014–2017~ 20. Construction Segment: Rigid Trucks Market Share, Turkey, 2017~ 21. Construction Segment: Tractors Market Share, Turkey, 2017~ 22. Logistics Segment: Tractors Market Share, Turkey, 2017~ 23. Logistics Segment: Rigid Trucks Market Share, Turkey, 2017~ |
Author | Anna Ozdelen |
Industries | Automotive |
WIP Number | MDFB-01-00-00-00 |
Is Prebook | No |
GPS Codes | 9800-A6,9807-A6,9B01-A6,9963-A6,9883-A6,9AF6-A6 |