NEW DELHI, INDIA, November 07, 2008
/24-7PressRelease/ -- According to our new research report, "Turkey Automobile Sector Forecast (2008-2012)", Turkey is attracting automobile manufacturers and auto-related sub-industries to set up their export bases, as apparent from rising auto exports from there. In 2007, 75% of the manufactured automobiles in Turkey were exported to other countries.
The report says that the automotive exports from Turkey have been growing on the back of rising exports of commercial vehicles, passenger cars, tractors and automotive parts and components. Between 2003 and 2007, the automobile export witnessed an upward trend, with 18% increase in 2007 over 2006 owing to high demand for Turkish automobiles in European countries.
Setting up an export center in Turkey is quite a profitable option for investors as it has a vast pool of more than 24.6 Million young, talented and skilled people (Turkey has been rated at 5.52 and ranked second in all the European countries in terms of availability of skilled labor). Further, the country provides the competitive advantage of low labor cost as well. Moreover, devotion of the Turkish cultures towards work, flexible working hours and low absenteeism has significantly increased the automotive output, making Turkey an excellent exporting hub.
These benefits, particularly low labor cost, have raised the bottom line growth of automobile manufacturers, encouraging foreign companies to invest in the Turkish automobile sector and exporting to other European countries.
Our extensive report "Turkey Automobile Sector Forecast (2008-2012)" provides quality information and rational analysis on the Turkish automobile sector. It discusses various segments of the sector, including passenger cars, commercial vehicles, automotive component market and tractors. It also thoroughly studies the export market with focus on driving forces to identify growth opportunities for automobile and associated industries.
This report further provides forecast on critical segments of the automobile industry like automobile production, automobile exports, passenger car registrations, passenger car stock, commercial vehicle registrations and premium from passenger cars insurance.
For more information visit: http://www.rncos.com/Report/IM136.htm
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