The Turkey Tire Market size is projected to grow at a CAGR of around 3.45% during the forecast period, i.e., 2022-27. According to MarkNtel Advisors Study.
Turkey Tire Market Driver:
Swift Expansion of the Commercial Sector: With rapid infrastructural developments, Turkey is witnessing a swift expansion of its commercial sector, exhibiting the construction of hospitals, hotels, educational institutions, office spaces, among others. It, in turn, is boosting the demand for heavy commercial vehicles, trucks, buses, vans, among others, and, consequently, for tires, thereby driving the Turkey Tire Market.
Additionally, the same factors are also instigating the trade of commercial vehicles tires across different countries, augmenting the export import business of tires, and stimulating the expansion of the Turkey Tire Market through 2027.
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Key Market Reports Highlights
- Market Dimensions Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Turkey Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2021
-Historical Period: 2017 to 2020
-Forecast Period: 2022 to 2027
- By Type of Vehicles
- Passenger Car
- Light Commercial Vehicle
- Buses and Trucks
- Medium and Heavy Commercial Vehicles
- Off the Road (OTR)
- Two Wheelers
- Three Wheeler
- By Demand Category
- OEM
- Replacement
- By Type of Tire
- Radial
- Bias
- By Sales Channel
- Dealer/Exclusive Outlets
- Online
- Others
- By Season
- All season
- Summer
- Winter
- By Price Category
- Low
- Medium
- High
- By Rim Diameter
- Upto 12”
- 12.1” to 15”
- 15.1.” to 18”
- 18.1” to 20”
- 20.1” to 22.5”
- 22.6” to 26”
- 26.1” to 35”
- 35.1” to 47”
- Above 47”
- By Region
- East
- West
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Yokohama, Kumho, Sumitomo, Anlas Anadolu, Michelin Lastikleri, AbdulKadir Ozcan, Turk-Pirelli, Goodyear Lastikleri, Barisa, Bridgestone, ÖZKA Lastik ve Kauçuk Sanayi Ticaret A.S are looking forward to strengthening their market positions.
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