The market is dominated by foreign suppliers, as imports account for 53.3% of total market size in 2024. B2B drives market demand, with B2B spending representing 52.8% of total demand in 2024. Turkey has the eighth largest market size for electrical equipment for engines and vehicles regionally, with demand reaching USD4.8 billion in 2024. Odelo Otomotiv Aydinlatma AS is the largest company in Turkey, generating 10.0% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 17.2% of total production value in 2024. The total number of companies increases in 2024, to 8,089 units. The costs of the industry increase by 4.2% in 2024, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 24.3% of production value in 2024, the second highest regionally. The industry’s exports share increases in 2024 to 41.9% of total production output. With production value of USD3.2 billion, Turkey accounts for 3.5% of the Western Europe total in 2024.
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This Euromonitor industrial report provides unique information on Electrical Equipment for Engines and Vehicles in Turkey: ISIC 319. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electrical Equipment for Engines and Vehicles in Turkey: ISIC 319 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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