PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Turkish Automotive Aftermarket Capitalises on the Boom in Maintenance and Repairs as Vehicle Parc Expands - Retail and eRetail channels will turn into key revenue generators as the industry matures, said Frost & Sullivan - Automotive.Frost.com
Turkish Automotive Aftermarket Capitalises on the Boom in Maintenance and Repairs as Vehicle Parc Expands

 

NewswireToday - /newswire/ - London, United Kingdom, 2015/07/16 - Retail and eRetail channels will turn into key revenue generators as the industry matures, said Frost & Sullivan - Automotive.Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The Turkish aftermarket is expected to continue its upward growth pattern owing to the rapidly expanding vehicle parc as well as higher average vehicle age. With the growing use of the Internet, customer awareness on products and services will rise, further widening market potential. However, the influx of unqualified products could threaten profitability.

New analysis from Frost & Sullivan, Strategic Analysis of the Turkish Automotive Aftermarket (frost.com/ma81), finds that the total aftermarket for light vehicles earned revenues of $4.51 billion in 2014 and estimates this to reach $6.34 billion in 2021. Fleets are expected to account for one-third of all manufacturer-level parts sales, while individual-owned vehicles will account for approximately 70 percent of revenue.

“New vehicle registration decreased by about 16 percent in the passenger car and pickup/van segments between 2013 and 2014, increasing the average vehicle age in Turkey,” said Frost & Sullivan Automotive and Transportation Consulting Analyst Melek Ozturk. “Consequently, the need for spare parts and maintenance has grown, giving a boost to aftermarket sales in Turkey.”

Despite stringent European regulations, the availability of second line and counterfeit products produced under the names of quality global brands is affecting profits. In addition, the lack of trained workers impedes the implementation of required techniques and services, curbing revenues.

Both aftermarket associations and global system manufacturers have been working to improve worker training. The ‘Right to Repair’ panels and seminars on the quality and types of aftermarket products are making a difference in raising awareness.

“The emergence of eRetail channels has encouraged the use of the Internet to research the availability of parts and services, further improving awareness,” stated Ozturk. “Up to half of all vehicle owners are likely to use the Internet and/or mobile apps as more accessories and do-it-yourself products become available, turning eRetail channels into key avenues for sales in the Turkish automotive aftermarket.”

Strategic Analysis of the Turkish Automotive Aftermarket is a Strategic Insight that is part of the Automotive & Transportation (automotive.frost.com) Growth Partnership Service program. This research includes findings produced by Frost & Sullivan’s automotive aftermarket team over the past three years, as well as from additional primary and secondary data sources. The study offers a strategic analysis of vehicles in operation, parts, services, distribution channels, original equipment service channels, regulatory influences, and consumer trends.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on “the next big thing" | Register: Gain access to visionary innovation

Strategic Analysis of the Turkish Automotive Aftermarket (MA81-18)

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


Turkish Automotive Aftermarket Capitalises on the Boom in Maintenance and Repairs as Vehicle Parc Expands

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan | Turkish Automotive
Publisher Contact: Katja Feick - Frost.com 
+49(0) 69 / 77 0 33 43 katja.feick[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Automotive/Trucking/RV Most Recent Related Newswires:

Voyages Emile Weber, Losch Luxembourg and MAN Collaborate on Emissions-free Public Transport System
Frost & Sullivan Announces Cooperation with Messe Frankfurt
The NEOPLAN Skyliner is Celebrating An Anniversary - 50 Years of The Double-decker Touring Coach
Hitachi Joins Shell Eco-marathon to Help #MaketheFuture
First MAN TGX PerformanceLine Edition Delivered - No 001 For BFS/Stegmaier Group
New Business Models and Service Expansion in European Automotive Aftermarket eRetail Strengthen Growth Opportunities Finds Frost & Sullivan
Vehicle Parc and Market Dynamics Transform KSA Automotive Aftermarket, Forcing Vendors to Change Their Business Approach
First MAN TGX EfficientLine 3 Goes to Spedition Hillert
NEOPLAN Tourliner Wins iF Design Award 2017
Field Testing the New MAN Six-cylinder Naturally Aspirated Engine for Cogeneration Systems
Turkish Medium- and Heavy-duty Truck Manufacturers to Increase Production Volumes and Quality to Meet Evolving User Demands Finds Frost & Sullivan
MAN Truck & Bus Begins Selling The TGE
MAN Joins CharIN
Connected Truck Telematics Providers Focus on Partnerships to Keep Pace with Digital Transformation Finds Frost & Sullivan
MAN and CNL to Bring eTrucks to Our Roads

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Explorers Vacation Club

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)