Turkey is strategically located, connecting Europe, Asia and the Middle East. This geographical advantage facilitates production and export activities in the automotive sector. Especially proximity to Europe has made Turkey an important automotive production center. The Turkish automotive sector is worth approximately 30 billion dollars as of 2023. The country is positioned as one of the world’s top 15 automotive producers. Annual vehicle production is around 1.5 million units, most of which is exported.
Turkey has a strong automotive supply industry and an extensive supplier network. In addition, modern production facilities and the use of high technology increase the competitiveness of the sector. Cities such as Bursa, Kocaeli and Sakarya are important centers of automotive production.
Turkey’s young and dynamic population, rising income level and consumer demand create a huge market potential in the automotive sector. By 2023, annual vehicle sales in Turkey reached approximately 800,000 units. Turkey is a major supplier of automotive exports to Europe. In 2023, automotive exports will be around 20 billion dollars. European countries constitute the largest export markets of the Turkish automotive sector.
The Turkish automotive sector is worth approximately 30 billion dollars as of 2023. Annual vehicle production is around 1.5 million units and most of this production is exported. In 2023, automotive exports will be around 20 billion dollars. Annual vehicle sales in Turkey have reached approximately 800 thousand units. Demand for SUVs and electric vehicles in particular has been growing rapidly in recent years. This creates new opportunities in the sector.