Automotive Exports September 2020 by istmag

www.automotive-exports.com

September 2020

Monthly automotive aftermarket magazine

GROUP CHAIRMAN H. FERRUH ISIK PUBLISHER: İstmag Magazin Gazetecilik İç ve Dış Ticaret Ltd. Şti. Managing Editor (Responsible) Mehmet Söztutan mehmet.soztutan@img.com.tr

Editor Ali Erdem ali.erdem@img.com.tr

Mehmet Soztutan, Editor-in-Chief mehmet.soztutan@img.com.tr

Advertising Managers Adem Saçın adem.sacin@img.com.tr Enes Karadayı enes.karadayi@img.com.tr International Marketing Coordinator Ayca Sarioglu ayca.sarioglu@img.com.tr

Driving force of the economy Automotive industry holds the lion’s share in all industrialized countries. As the moving industry of countries carrying all other industries, the automotive industry generates a big aftermarket industry as well. Turkey has both. As the second largest in commercial vehicles in Europe, Turkey’s main industry has been advancing every day and its supply industry runs in parallel with the main industry. As part of its commitment to transforming its automotive industry, which has historically been a key economic driver in integrating the Turkish economy with the global value chain, and to its vision of making Turkey an economic powerhouse, Turkey has recently introduced its own locally-developed born-electric car built upon strength stemming from the country's long-standing know-how in the area. Keeping pace with the pandemic conditions on the one hand, the Turkish automotive aftermarket industry has been improving and developing with trainings, innovations and professional marketing techniques on the other. It is expected that the new normalization and progress will be full steam in January. No matter how other industries pause during such critical and miserable times, the automotive industry has no brake for it is needed at every condition as medicine, feeding and clothing. Even all these require the wheeled industry to reach the needy. I wish healthy, happy and successful days for all.

Correspondent İsmail Çakır ismail.cakir@img.com.tr Finance Manager Cuma Karaman cuma.karaman@img.com.tr Accountant Yusuf Demirkazık yusuf.demirkazik@img.com.tr Digital Assets Manager Emre Yener emre.yener@img.com.tr Web Designer Amine Nur Yılmaz amine.yilmaz@img.com.tr Technical Manager Tayfun Aydın tayfun.aydin@img.com.tr Design & Graphics Sami aktaş sami.aktas@img.com.tr Subsciption İsmail Özçelik ismail.ozcelik@img.com.tr HEAD OFFICE: İstanbul Magazin Grubu İHLAS MEDIA CENTER Merkez Mahallesi 29 Ekim Caddesi No:11 Medya Blok Kat:1 34197 Yenibosna / İstanbul / Turkey Tel: 0212 454 22 22 Faks: 0212 454 22 93 www.img.com.tr turkey@ihlas.net.tr KONYA: Metin Demir Hazım Uluşahin İş Merkezi C Blok Kat: 6 No: 603-604-605 KONYA Tel: (90.332)238 10 71 Fax: (90.332)238 01 74 PRINTED BY: İHLAS GAZETECİLİK A.Ş. Merkez Mahallesi 29 Ekim Caddesi İhlas Plaza No:11 A/41 Yenibosna–Bahçelievler/ İSTANBUL Tel: 0212 454 30 00 www.ihlasmatbaacilik.com

OTSA, the only OEM viscous fan manufacturer in Turkey and Middle East

ne of the world’s leading manufacturers of cooling systems, OTSA Automotive was established in 1980 in Istanbul. OTSA provides special viscous fan clutches and complete system solutions as of OEM and Aftermarket groups for wide variety of vehicles ranging from passenger cars to heavy vehicles. Starting from the raw material entrance to the final product exit, OTSA carries out all the processes including Injection Molding, Mechanical Processing, Electronics, Assembly, Testing, Quality Control and Packaging with fully automated machines with up-to-date technology. OTSA works with the R & D departments of the leading OEM and OES companies world-wide and offers solutions according to the desired qualifications. World-class engine cooling solutions manufactured by OTSA are available on Heavy Vehicles, Passenger Cars, Light Commercial Vehicles, Buses, and Minibuses as well as on Generators and Industrial Compressors for Construction, Agriculture and Mining purposes. OTSA is in almost any area where you can find engines with ideal cooling systems. Aware of the fact that the world’s natural resources are limited and that we should therefore protect nature for future

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generations, the company’s core objective is to adopt and implement legal and environmental principles in each of its production progresses. Accordingly, the company is committed to assure that the company’s operations, products and services are subject to the environmental regulations of cooling systems based products, guarantee sustainable development in every phase of production, comply with legal obligations and other environmental requirements, consistently monitor and update environmental goals and objectives, communicate its policy to all employees, suppliers and clients, and make its policy publicly available Atilla Şamdan, general manager of OTSA, briefs their principles as follows:

Quality of service and production is highly important for our company, which is focused primarily on customer satisfaction. All phases of production are meticulously checked by our experienced quality team in accordance with our quality policy. Production process is carried out in compliance with the project and quality management systems. If detected, nonconformities are eliminated by taking corrective and preventative actions. All quality processes are being recorded and monitored. Gathered data is analyzed accordingly. If a nonconformity is detected, it is corrected in the related process. Customer feedbacks are seriously taken in to consideration before eliminating customer complaints.

Karsan invests in spare parts in Germany

Muzaffer Arpacıoğlu, Deputy General Manager of Karsan Commercial Affairs

arsan implemented an important project in order to expand its spare parts and after-sales service network in Europe. As part of the project, Karsan will open a spare parts warehouse in Nürnberg, Germany, and will be able to send spare parts to any point in Europe within 2 days. Stating that the warehouse will start operating as of September 1, Deputy General Manager of Karsan Commercial Affairs, Muzaffer Arpacıoğlu said, “We have commissioned another important investment in order to strengthen our after-sales service network in Europe and to enable our dealers to respond the requests in a very short time. Based on our experience of more than 50 years, we know that after-sales customer support has a significant role in being preferred as well as brand reliability. This structure will position us much closer to our customers than ever.”

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wOffering modern solutions that can adapt to every city with the public transportation systems it has developed, Karsan continues to be the first choice of European cities with its conventional and electric buses, while expanding its spare parts and service network. Karsan, which has made another important investment in this direction, is preparing to open a spare parts warehouse in Nürnberg, Germany. Karsan will reduce the lead time of spare parts, especially parts of its electric vehicles, to 2 days thanks to the warehouse that will start operating on September 1. Thus, Karsan, which will send the required parts to all parts of Europe in a short time, aims to increase customer satisfaction by providing service with low cost in minimum time. “We minimize distances” Providing information on the subject, Deputy General Manager of Karsan

Commercial Affairs, Muzaffer Arpacıoğlu said, “We continue to receive orders in significant quantities for both conventional and full electric models from Europe, which has started to recover after the Covid-19 outbreak. Accordingly, we have commissioned another important investment in order to strengthen our after-sales service network in Europe and to enable our dealers to respond the requests in a very short time. Based on our experience of more than 50 years, we know that after-sales customer support has a significant role in being preferred as well as brand reliability. Thanks to this structure will position us much closer to our customers than ever.” Combining the forces with Barsan Global Logistics for on-site spare parts service, Karsan plans to multiply its operational power by taking advantage of Barsan’s warehouses and logistics network in 45 different countries in the future.

BETA Kimya adds value to the chemistry industry with its new production facility investment Adil Pelister, BETA Kimya A.Ş.Chairman of the Board

BETA Kimya GEBKİM Campus, which is prepared to become the production base of high-tech new generation adhesives to be produced locally and nationally for the first time in the Turkish chemical industry with an investment value of 315 million TL, will provide employment for 500 people by operating with an annual production capacity of 150 thousand tons.

ETA Chemical Co. one of Turkey’s oldest chemical companies, laid the foundation of the largest adhesive and glue production facilities in Eastern Europe and the Middle East. The groundbreaking ceremony of BETA Kimya GEBKİM Campus was realized with the participation of T.C. Industry and Technology Minister Mustafa Varank, T.C. Trade Minister Ruhsar Pekcan, TIM President İsmail Gülle, BETA Kimya A.Ş. Chairman of the Board Adil Pelister and BETA Kimya A.Ş. General Manager Cihat Sayacı. BETA Kimya GEBKİM Campus, which is the new integrated production facility of BETA Kimya A.Ş., and fully compatible with digital transformation in the industry, and green building technology with LEED certification, will offer one hundred percent local and national innovative products for use in many strategic sectors such as automotive, defense and aviation. Varank: “A new breath to the chemical industry” Minister of Industry and Technology Mustafa Varank, in the speech at the groundbreaking ceremony of the Beta Kimya GEBKİM Campus in Gebze Chemistry Specialized Organized Industrial Zone (GEBKİM), said that they witnessed an exciting day for the real sector which continues its path without stopping even during the epidemic of the new type of corona virus (Covid-19). Stating that they are together to lay the

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foundations of the largest adhesive and glue production facility in the Middle East and Eastern Europe, Varank said “Beta Kimya GEBKİM Campus, which will come to life with an investment of 315 million liras, will make new employment opportunities for 500 citizens. From the first day of our visit to the Ministry with the appreciation of our President, we have demonstrated the vision of national technology and strong industry. We are concerned with developing new policies that will take this vision further with every step we take. We try to dominate the real sector in an approach that encourages localization and directs our companies to innovation. With BETA Kimya Inc.’s new integrated facility

investment, the polyurethane reactive hot-melt adhesive products and different variants, so far imported, will begin to be produced in Turkey for the first time. Thus, an important input of the packaging, automotive, furniture, construction, defense and aviation industries will be procured domestically. In the medium term, an import of 120 million dollars will be prevented. After domestic needs are met, of course, the export potential will also be evaluated. When this factory goes into mass production, it will be one of the most modern production facilities in our country. I wish the BETA Kimya GEBKİM Campus investment, which will bring a new breath to our country’s industry and the chemical industry, and I congratulate everyone who contributed especially the BETA Chemistry Board and İKMİB President Adil Pelister.” Pekcan: “Chemistry is the locomotive sector for Turkey” T. C. Trade Minister Ruhsar Pekcan, in her speech at the Beta Kimya GEBKİM Campus Groundbreaking Ceremony, by attending with video conferencing, said that she is pleased to be at the groundbreaking ceremony of an investment of strategic importance for the country. Minister Pekcan said “BETA Kimya Inc.’s investment in the new integrated production facility is really very important for Turkey. Because it coincides with our country’s high technology and high value added production and export strategy. Under the leadership of our President, we will take all necessary steps to bring our country to the level of high-income countries together with its political stability and effective management system, more technology, more value-added production and exports. BETA Chemistry GEBKİM Campus will make added value of Turkey’s production

closed area of 35 thousand m2. We take pride in signing one of the best examples of digital transformation in industry that our state and ministries expect from us, a step that will add value to our country and the chemical industry. With our new production facility, which will be operational in the next year, we will be ready for the future digital production technologies. I wish it good for our chemical industry, country industry and our company.”

deficit and imported products and also will provide making exports to new markets. In our country, it will provide domestic input to many sectors such as automotive, construction and defense industry, and make employment for 500 people. I congratulate the BETA Kimya Family for their valuable investments and wish them good luck for our country.”

Kimya Gebkim Campus, which we have laid the foundation, is a product of our excitement to make high added value. Our new integrated facility, which will be commissioned with an investment value of 315 million TL with 100 % domestic and equity capital, will be the largest adhesive and glue production facility in the Middle East and Eastern Europe.”

Pelister: “It is a product of our vision to make high added value” Stating that they will bring a new value to the chemical industry and Turkish industry with BETA Kimya Gebkim Campus, Adil Pelister, the chairman of the Board BETA Kimya Inc., said “As BETA Kimya, we have focused on growing, producing and always creating high added value for 34 years. With our Apel and Mitreapel brands, we have managed to become a large industry family that exports to 75 countries on 5 continents, with approximately 150 products in 9 different categories, from furniture to automotive, textile to construction and even to health with its COVID-19 pandemic. Today, BETA

Pelister: “We will take a step in 5 new products categories” Expressing that they will focus on domestic and innovative products for Turkey’s strategic sectors with BETA Kimya GEBKİM Campus, Adil Pelister said “With our new integrated facility that will have an annual production capacity of 150 thousand tons, we will employ 500 people and we will step into 5 new product categories with high added value. Our LEED-certified, eco-friendly green building production campus will be one of the most modern chemical facilities not only in our country but also in the nearby geography, as a giant integrated production facility built on a total of 50 thousand m2, with a

July

Sayacı: “We will produce new generation pur hotmelt adhesives for the first time” Stating that they are among Turkey’s 250 companies that invest most in R & D and always focus on innovative products, Cihat Sayacı, General Manager of BETA Kimya Inc. said “With our BETA Kimya GEBKİM Campus, we are signing a modern integrated production facility project that is of great importance for the Turkish chemical industry and fully complies with the principles of digital transformation. As BETA Kimya, we have gained power from R&D and innovation for 34 years and we are committed to developing high-tech products. We are also signing an important investment move for R&D in our new integrated facility. We are preparing to grow our innovation base, which has an R&D Center Certificate and consists of all Turkish engineers, exactly 7 times here. With a R&D team of 50 people, we will step into new MS technology adhesives terminated with silane and PUR Hot-melt products that we will produce for the first time completely locally. We will carry BETA Kimya to the future with new generation innovative products that we will develop specifically for the automotive, packaging, building and furniture sectors as well as nationally strategically important sectors such as defense and aviation.”

Turkey: Motor vehicle registrations double in July Nearly 138,900 vehicles registered in July, according to official data

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NKARA â&#x20AC;&#x201C; The number of motor vehicle registrations in Turkey doubled in July (up 105.5%), compared to the same month last year, according to official data released recently. A total of 138,883 first- and second-hand vehicles were registered last month, rising from 67,621 in July 2019, according to the Turkish Statistical Institute. On a monthly basis, the figure was also up 82.6%. The total number of road motor vehicles registered surpassed 23.65 million through the end of this July, TurkStat said. Last month, automobiles accounted for the lionâ&#x20AC;&#x2122;s share of new registrations -- 59.8% -- while small trucks accounted for 11.7%. Motorcycles represented 22.5%. In terms of distribution of model brands for new registered cars, 18.9% were Renault, 15.8% Fiat, and 6.9% Volkswagen. In January-July, the number of registered vehicles climbed 38.4% year-on-year to 526,939.

E-Commerce automotive aftermarket size to reach $135 bn by 2026 E-commerce Automotive Aftermarket size is likely to exceed USD 135 billion by 2026; according to a new research report by Global Market Insights, Inc.

EMs are focusing on business expansion by establishing the aftermarket network in emerging nations. The e-commerce channel enhances the product visibility and offers transparent pricing. Continuous technological development and growing customer expectations for economical price and quality products will fuel industry growth. The consumers are increasing their inclination towards digital servicebased business models. The market players are upgrading their model based on product buying behavior. E-tailers are further improving their consumer base by conducting studies pertaining to consumer buying behavior and improving the product offering. The e-commerce automotive aftermarket from direct to customer segment will witness around 16% CAGR through 2026. Development

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of mobile-friendly user interface is increasing e-commerce sales channels across consumers. Customers can look for multiple brands and enable simplified & customized usage. Moreover, some portals provide customer access in offline mode as well, thereby propelling the market growth. Increasing manufacturers on online portals to support accessories segment growth The accessories segment is expected to account for over 23% e-commerce automotive aftermarket share with growing registration of manufacturers on online portals. The increasing popularity of vehicle customization, rising inclination toward enhanced driving experience, growing focus toward better aesthetic appeal, and convenience will trigger the accessories growth. Furthermore, manufacturers are introducing e-commerce sites that offer a connection between service technicians and suppliers to improve industry foothold. B to small B consumers primarily include equipment suppliers that buy basic and majorly used automotive replacement components. Manufacturers of sub-assembly systems and electronic components are among major consumers in the B to small B distribution. Superior profit margins and quick delivery along with ability to easily compare and buy parts are the key factors driving the B to small B distribution segment. Furthermore, reduced complexity in purchases including RFQs and quotations will provide a positive outlook for industry growth. Asia Pacific e-commerce automotive

aftermarket size is projected to expand at more than 15% CAGR up to 2026 owing to presence of multiple industry players. The region has multiple e-tailers including, platforms such as Alibaba and India mart. Increasing awareness regarding online distribution channel amongst small & medium manufacturers in emerging economies is accelerating the revenue generation. Major automotive OEMs introducing e-commerce platform for consumers In March 2019, Mahindra & Mahindra announced its genuine spare parts to be available on M2ALL.com. The company partnered with online stores in order to provide its customers with convenience. Similarly, United Pacific Industries, based in the U.S., launched a classic car parts e-commerce website to expand its reach. The company boasts a portfolio of over 6,000 parts of vehicles as old as 1932. Industry participants are enhancing delivery services to offer products more quickly to a wider audience. Key e-commerce automotive aftermarket players include Alibaba Group, Amazon, Arch Auto parts, Autoanything, Advance Auto Parts, AutoZone, Bosch, CARiD, Denso Corporation, Ebay, Flipkart, and Oâ&#x20AC;&#x2122;Rielly Auto Parts.

Emerging from the crisis, companies should focus on three key issues: Work remotely, work quickly and work safely

ver 200 industry leaders from transportation & mobility joined us online for a live interactive event – Driving Resilience in Automotive & Transportation. Dassault Systèmes experts and customers joined online, sharing insights, tools and approaches to get back on track in 2020 and continuing beyond in a more resilient position. The transportation and mobility industry transformed to the new era of mobility-on-demand with new solutions that are more environmentallyfriendly, more citizen-friendly and more affordable. However, the COVID-19 crisis posed dramatic challenges in an instant – global lock down, dramatic drop in car sales, drop in production, all igniting a deep change in people’s relationship with cars. Car makers and suppliers demonstrated their agility by adapting to new consumer purchasing behaviors, scaling remote working across all parts of the business and investing in processes to ensure they have the right data in real time to make the right decisions. Companies also demonstrated their responsibility – adapting production quickly to produce masks, respirators, medical equipment needed to overcome shortages to combat the crisis. Emerging from the crisis, companies should focus on three key issues: WORK REMOTELY, WORK QUICKLY and WORK SAFELY.

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WORK REMOTELY: Enable remote-office collaborative engineering efficiently for everyone Lightyear is a new player in the OEM landscape, designing next-generation clean mobility for everyone, everywhere using solar energy. Their mission: make a positive impact and take responsibility for energy transition. By 2035, they plan to deliver Lightyear One, the world’s first long-range solar car. Arjo Van Der Ham, Co-Founder and Chief Technology Officer, described how Lightyear teams easily transitioned to working from home thanks to the 3DEXPERIENCE platform on the cloud. During the lockdown, they actually improved meeting efficiency, collaboration, productivity, lead-time and agility, although challenges remain for physical prototyping and testing. Staying connected through a virtual 3DEXPERIENCE twin, shared intelligence with data from everywhere and powerful project planning, work stayed on track. Lightyear is continuing remote working and exploring new ways of attracting talents and hiring people from all over the world. Going forward, they see the entire ecosystem of stakeholders, future customers and suppliers could benefit this new kind of relationship, powered by the platform and cloud. WORK QUICKLY: Accelerate simulation and

testing with no physical equipment Frédéric Merceron, Solution Director for the Transportation & Mobility industry at Dassault Systèmes, looked at how simulation helps promote and accelerate agility. Making a difference in the market today is about improving comfort and well-being for drivers and passengers. COVID-19 revealed just how important that is. We can optimize comfort, health and well-being inside vehicles in a number of ways. For example, we can simulate visibility, taking into account windshield fogging and look at how to improve air quality and overall airflow circulation. Cabin comfort is important, and becoming very complex. Cabin infotainment systems and electronic controls are part of the experience. With so many vehicle domains and performance interconnected, simulations are demanding. Cabin comfort also demands energy, so it is important to optimize best comfort with minimum energy consumption. Dassault Systèmes’ wants to make simulation available for everyone with a range of simulation. We want to create an environment where engineers and designers can interact for the best results, as well as offer more access to high-end applications and specialists when needed. Finally, deployment needs transparency and simplicity, with easy-to-implement

digital solutions that are affordable.The 3DEXPERIENCE platform delivers ready-to-use simulation solutions that have been developed with customers over the last 30 years. Userfriendly interfaces and solutions, on-demand simulation and computing capacities on the cloud, with remote quality support from experts when needed, enable customers to purchase only what they need and when they need it. WORK SAFELY: Ramp up healthy production Manufacturing has many constraints and risks that are critical to anticipate in order to be more agile and resilient. Henri Beringer, Business Consultant Director in Transportation & Mobility industry at Dassault Systèmes, took a closer look at making agility the norm, while improving safety without compromising efficiency. It starts with creating an accurate view of factories and manufacturing assets. Generating an executable digital model – a 3DEXPERIENCE twin – enables accurately simulating the plant in operation to investigate alternative future operations while not disrupting current production. The 3DEXPERIENCE twin is key to efficiency gains – understanding and improving facilities faster, avoiding costly disruptions, and seeing potential impacts of a change. Benefits can include reducing new product commissioning time by 50%, time-to-market by 30%, production and logistics costs by around 20%, while improving worker safety by 25% with fewer work accidents and lower illness rates. The virtual 3DEXPERIENCE twin can also accelerate more drastic changes, such as developing a manufacturing process for completely new products. During the COVID-19 crisis, automotive industrials transformed their production lines to manufacture face shields and respirators, reusing their existing industrial assets. The recent COVID-19 crisis will likely not be the last we will face, but the resilience of the industry has been proven. We are now better equipped, with software as a service, on the cloud, remote working and support, simulation to predict and correct product behavior, efficient and safe manufacturing production, and all through the 3DEXPERIENCE platform. While the recent crisis accelerated this transformation, it seems we have arrived at the right time now.

Turkish automotive industry prospering Turkey’s Automobile Joint Venture Group, known as TOGG, will produce five different models on a joint platform with fully-owned intellectual and industrial property rights by 2030. The first of these Turkish vehicles are expected to hit the market in 2022.

become an important part of the global value chain of international OEMs. Meeting and exceeding international quality and safety standards, today’s Turkish automotive industry is highly efficient and competitive thanks to value-added production. As part of its commitment to transforming its automotive industry, which has historically been a key economic driver in integrating the Turkish economy with the global value chain, and to its vision of making Turkey an economic powerhouse, Turkey has recently introduced its own locally-developed born-electric car built upon strength stemming from the country’s long-standing know-how in the area. Accordingly, Turkey’s Automobile Joint Venture Group, known as TOGG, will

produce five different models on a joint platform with fully-owned intellectual and industrial property rights by 2030. The first of these Turkish vehicles are expected to hit the market in 2022. •Leveraging a competitive and highlyskilled workforce combined with a dynamic local market and favorable geographical location, the vehicle production of 9 global OEMs in Turkey has increased by almost five times from 300,000s in 2002 to over 1.5 million units in 2018. This represents a compound annual growth rate (CAGR) of around 10 percent during that period. Over the past five years alone, MAN has increased its production by 143 percent, Toyota by 95 percent, Ford by 52 percent, and Fiat by 35 percent.

he foundation of Turkey’s automotive industry dates back to the early 1960s. During a period of rapid industrialization and progress, this key sector transformed itself from assemblybased partnerships to a full-fledged industry with design capability and massive production capacity. Since 2000, original equipment manufacturers (OEM) have invested over USD 15 billion in their operations in Turkey. These investments significantly expanded their manufacturing capabilities, which in turn led Turkey to

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•Significant growth posted by Turkey’s automotive sector led to Turkey becoming the 15th largest automotive manufacturer in the world and 5th largest in Europe by the end of 2018. •Turkey has already become a center of excellence, particularly with respect to the production of commercial vehicles. By the end of 2018, Turkey was the number two producer of commercial vehicles (CVs) in Europe. •Proven as a production hub of excellence, the Turkish automotive industry is now aiming at improving its R&D, design, and branding capabilities. As of 2019, 184 R&D and design centers belonging to automotive manufacturers and suppliers were operational in Turkey. •Notable examples of global brands

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with product development, design, and engineering activities in Turkey include Ford, Fiat, Daimler, and AVL. Ford Otosan’s R&D center is one of Ford’s three largest global R&D centers, while Fiat’s R&D center in Bursa is the Italian company’s only center serving the European market outside its home country. Meanwhile, Daimler’s R&D center in Istanbul complements the German company’s truck and bus manufacturing operations in Turkey. AVL Turkey, which opened up its 2nd R&D center in Turkey, started to develop autonomous and hybrid vehicle technologies. •Turkey offers a supportive environment on the supply chain side. There are around 1,100 component suppliers supporting the production of OEMs. With the parts going

directly to the production lines of vehicle manufacturers, the localization rate of OEMs varies between 50 and 70 percent. •Turkey is home to many global suppliers. There are more than 250 global suppliers that use Turkey as a production base, with 30 of them ranking among the 50 largest global suppliers. •ww Auto manufacturers increasingly choose Turkey as a production base for their export sales. This is evidenced by the fact that 85 percent of vehicle production in Turkey was destined for foreign markets in 2018. More than 1.3 million vehicles were exported from Turkey to foreign markets in the same year. In addition, Turkey was the number one vehicle exporter to European markets with 1.1 million units in 2018.

Performance of the Turkish automotive industry in the first half

decreased by 16 percent in the heavy commercial vehicle group and 33 percent in the light commercial vehicle group. Compared to the January-July period of 2019, the commercial vehicle market increased 65 percent, the light commercial vehicle market increased 66 percent and the heavy commercial vehicle market increased 58 percent. In the January-July period of 2020, compared to the same period of the previous year, total automotive exports decreased by 36 percent on unit basis and automobile exports by 32 percent.

During this period, total exports were 480 thousand 425 units, while automobile exports were 333 thousand 725 units. In the January-July period of 2020, compared to the same period of the previous year, total automotive exports decreased by 29 percent in Dollar terms and 28 percent in Euro terms compared to the same period of the previous year. During this period, total automotive exports were $ 13 billion, while automobile exports decreased by 27 percent to $ 5 billion. Automobile exports in Euro terms decreased by 26 percent to 4.5 Billion â&#x201A;Ź.

n the January-July period of 2020, total production decreased by 27 percent and automobile production by 24 percent compared to the same period of the previous year. During this period, total production was 636 thousand 757 units, and automobile production was 440 thousand 103 units. In the January-July period of 2020, the total market increased by 60 percent compared to the same period of the previous year and reached 351 thousand 319 units. In this period, the automobile market increased by 59 percent and was 273 thousand 22 units. In the commercial vehicle group, production shrank by 32 percent in the January-July period of 2020, while it

September

Romania chooses Karsan Jest Electric again Jest Electric wind still blows in Romania! The company won the tender for 8 electric minibuses in Beclean!

ffering transportation solutions for the mobility needs of the century in its factory located in Bursa, the commercial vehicle manufacturer Karsan was awarded the tender held in Beclean, Romania for electric minibuses. Having secured the tender for 10 electric minibuses recently held in Suceava, Romania, Karsan signed the contract for the delivery for 8 units of Jest Electric vehicles which will provide service in Beclean. Karsan will deliver the Jest Electric vehicles by the end of the year as a result of the tender it was awarded while continuing to increase its power in the Romanian market where it has been operating since 2013. Offering modern solutions in public transportation systems that can be adapted to any geography, Karsan completely maintains its place as a go-to brand in Romania. Karsan recently signed a contract for the delivery of 10 Jest Electric vehicles to Suceava, and it also won the tender for electric minibuses held in

September

Beclean, which is another city of Romania. Within the tender which was secured via its regional representative, AAR (Anadolu Automobil Rom), Karsan will deliver 8 Jest Electric vehicles by the end of the year to provide service for the city. Deputy General Manager of Karsan Commercial Affairs Muzaffer Arpacıoğlu made statements about the subject and stated the following:“Within the scope of our efforts to increase our share in the Romanian market, we consistently continue to receive orders from different cities of the country and secure public transport tenders. Within a short amount of time after we won the tender for 10 vehicles in Suceava, we also won the tender in Beclean and increased our share in the Romanian electric vehicle market. Karsan’s cutting-edge technology, environment-friendly vehicle Jest Electric and the satisfaction from the service provided under Karsan guarantee play a significant role in this success”.

High performing and environment-friendly Jest Electric! A proven performer which comes with high maneuverability and superior passenger comfort, Jest Electric is equipped with a BMW electric motor capable of 170 HP power and 290 Nm torque with optional 44 or 88 kWh batteries, again manufactured by BMW. Offering the best performance in the 6-meter bus class with a range of up to 210 km, small city bus Jest Electric also boasts a regenerative braking system which provides energy recovery by enabling the batteries to self-recharge at a rate of 25%. Decorated with a 10.1-inch multimedia touchscreen, fully digital dashboard, keyless go, and USB ports as well as an optional WiFi compatible infrastructure, Jest Electric does not come short in terms of comfort compared to passenger cars thanks to its 4-wheel independent suspension system.

Adhesives & Bonding Expo measures the Impact of Covid-19 on the Foam and Adhesives & Bonding Industries

September

oam Expo is the right place to source the latest technologies and manufacturing innovations to stay ahead of your competitors. It is the best venue to discover new solutions to solve your manufacturing challenges and optimize your products. It is also the best place to meet over 500 specialist suppliers form all sectors of the foam and adhesive supply chains. The show is an ideal place to learn the latest trends challenges and opportunities experts at free-to-attend conferences. During the period between April 16, 2020 and May 6, 2020, Foam Expo and the Adhesives & Bonding Expo reached out to its community of end-users and OEMs, foam and adhesives manufacturers, converters and fabricators, raw material and chemical suppliers, to understand how the Covid-19 pandemic is having an impact on their businesses, and what the effects and consequences may be for the supply chain in the longer term. Through an anonymous online survey, 224 industry professionals shared their insight and sentiment during that challenging time. The organizers of the show arranged

a comprehensive report with the results of the survey which benchmarks the status of the foam and adhesives & bonding supply chains. They invited a panel of four industry experts to review the results in a live webinar and discuss the current status of the market and how they view the future of the industries. Some of the points they made were included in the report. The survey is representative of the whole supply chain as there is a relatively even spread in responses from different tiers, though it is worth pointing out that the majority of the respondents seem to be in some kind of leadership role either as manager or senior executive, which makes up 85% of the total. In addition, a majority of 59% work for small to medium sized companies (up to a size of 500 employees) and are predominantly based in North America (84%) as only 9% indicated to be based in Europe and 4% said they were based in Asia Pacific. The remaining 3% is based in Latin America and Africa. The majority of respondents indicated their companyâ&#x20AC;&#x2122;s growth was performing

well before the outbreak: 74% of the organizations either performed in-line with projections or were sustainably performing beyond projections. Segmentation of the results into the specific tiers in the supply chain shows a similar pattern across all categories. Automotive, construction and packaging were the top performing markets before the pandemic. The report of Adhesives & Bonding Expo details the impact of the pandemic by months and offers valuable information about the industry as below: Given the spread of the virus from the end of December 2019 throughout China and the rest of East Asia, some business already started noticing economic impact before the virus outbreak was declared a pandemic by the WHO on March 11, 2020. Although only 9% of the total respondents indicated to have started noticing an impact as early as January, nearly a quarter (23%) of end-users / OEMs / component manufacturers said they started noticing the impact during this month. A fifth of the total respondents started

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noticing the economic impact in February: it consisted of 29% of the testing and engineering services, 22% of the suppliers of chemicals / raw materials / additives and 21% of the foam and adhesives & bonding manufacturers. 65% of all organizations indicate March as the month they started to feel the economic impact. On March 11, 2020, President Trump suspended nearly all foreign travel as a response to the WHOâ&#x20AC;&#x2122;s categorization of the disease as a pandemic and most states had entered lockdown by the end of the month. A majority of converters and fabricators (72%), foam and adhesives and bonding manufacturers (66%), chemicals / raw materials / additives suppliers (64%) and end-user / OEMs / component manufacturers (57%) all started to take a hit during this time. Only 7% of organizations are saying they were not yet experiencing any economic impact at the time of the survey, within this group a third are foam and adhesives manufacturers and a fifth converter / fabricators. Looking ahead â&#x20AC;&#x201C; how will Covid-19 impact

the future of the Foam and Adhesives & Bonding Supply Chain In order to get some insight into how the pandemic has affected business priorities and investment strategies for companies within the foam adhesives supply chains we asked the respondents to indicate how their businesses prioritized certain activities before the pandemic, which activities continued during the pandemic, and how much strategic investment they expect for these activities over the next 24 months. Prior to the outbreak of the pandemic in March, the foam and adhesives & bonding supply chain prioritized the following business activities: corporate sustainability, new product development and launching products, sales and account management, R&D, and marketing and business development. During the pandemic, most business activities were down to minimal operationality, although sales and account management as well as marketing and business development continued on reduced activity levels. Looking ahead, industry professionals

expect that sales and account management and marketing and business development will become more important in future investment strategies. It seems the supply chain will mainly be consolidating their manufacturing activities as respondents expect that there will be slightly less investment in hiring and developing talent, expanding manufacturing capacities and mergers & acquisitions. Future outlook on business plans

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While much will remain uncertain for the ongoing future, it is important to look ahead to how the industry can and will recover from this period of severe disruption. Our respondents do expect increased investment in sales and account management, and marketing and business development, undoubtably to try and recover the losses brought on by the crisis. When asked about the top challenges in ensuring business continuity, respondents indicated that a reduction in orders and

sales is the biggest challenge for their business at present. Otherwise, it seems the supply chain is relatively robust in their ability to deliver raw materials and fulfilling & delivering orders. This is reinforced by the results of the sentiment poll. The majority of the respondents feel there is enough inventory and availability of materials and components to continue production in the event of a prolonged disruption in the supply chain. They are less optimistic regarding the impact on a business’ revenue. As economies globally are taking a hit and supply chains and demand have slowed down, it is difficult to say how the impact on revenue will develop in the coming months, though the rise in demand within the medical and pharma sectors, and the fact that many companies throughout the supply chain are able to continue their manufacturing activities, offers many new opportunities. Finally, we investigated sentiment towards their employer’s handling of the crisis and the impact on their own work life. On average, respondents indicated to be optimistic regarding their employer’s preparedness to the outbreak of the pandemic, as well as its communications to employees and customers. They do not feel that working remotely has impacted their personal situation much, such as keeping up productivity while working from home and maintaining a work-life balance. Of course, it must be noted that the majority of respondents are in a leadership role themselves. However, 23% of the respondents do feel that there was room for improvement. When asked to elaborate if their organization could have done to better prepare for the outbreak some of their feedback included: better support for working from home, better and faster communication, contingency plans, better availability of virtual tools, identifying which customers were vulnerable for shutdown, embracing technology sooner, stock PPE and to not keep inventory levels so tight. Having said that, an overwhelming majority of 77% of the respondents think that their organization couldn’t have done anything else to better prepare for a black swan event like this pandemic.

Mahindra and REE Automotive sign an MOU to establish a strategic collaboration for the development of electric commercial vehicles

umbai/Tel Aviv – Mahindra & Mahindra, part of USD 19.4 billion Mahindra Group, and REE Automotive today signed a memorandum of understanding (MOU) to explore development and manufacturing of electric commercial vehicles for global markets. Such a strategic collaboration will leverage REE’s revolutionary electric vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel. This coupled with Mahindra’s wellestablished vehicle design, engineering, sourcing capability and manufacturing assets, is set to be a win-win strategic partnership for both companies. The partnership will support REE’s global customer need for 200,000-250,000 electric commercial vehicle units over a few years, including potential Mahindra’s domestic and international volumes. Production would be scaled further to support additional volume in the global as well as Indian market.

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• Partnership to leverage REE’s corner module and modular platform technology and Mahindra’s vehicle design, engineering, sourcing capability and manufacturing assets. • MOU is primarily aimed at global markets with current global volume estimated over time at 200,000- 250,000 units.

“Our collaboration with REE has the potential to bring a disruptive approach to a new age of vehicles capitalizing on our respective strengths,” said Rajesh Jejurikar, Executive Director (Auto and Farm Sectors), Mahindra & Mahindra. “The competitive advantages of REE’s corner modular architecture with our experience in conventional vehicle system design, engineering, sourcing ecosystem and significant production capacity, provides a perfect match to deliver exciting zero emission vehicles, including autonomous vehicles that can meet customer needs as never before.” REE’s architecture will enhance Mahindra’s capabilities in the electric vehicle sector. REE will leverage Mahindra’s global presence and its unique volume flexibility capability as well as its engineering and product development expertise. “We are excited to partner with Mahindra to explore synergies that will allow us to address our customers’ needs based on

Mahindra’s footprint and capabilities. Mahindra’s unique cost structure, design and engineering capabilities and volume flexibility will be key to our ability to address the majority of the commercial EV market with both large volume vehicles as well as more targeted mission-specific vehicles,” said Daniel Barel, REE Co-founder and Chief Executive Officer. “Having a partner like Mahindra joining our growing OEM partners network will allow us to drive our EV technology faster and at scale”. REE’s transformational technology is designed for current and future e-mobility applications, including autonomous vehicles, and offers significant benefits in terms of weight, space and total body design flexibility. The scalability of the platform makes it ideal for any form of electric vehicle such as commercial vehicles, mid-duty delivery trucks, last mile delivery, passenger cars, taxis and shuttles.

July auto sales in Turkey impressive

Animesh Kumar, Director of Automotive Consulting at GlobalData

and effective actions such as the 21-point stimulus package, reduced interest rates and the deferral of social security premiums helped the country overcome challenges. “The low interest rates and attractive packages helped automotive customers overcome the concerns regarding economic uncertainty. Attractive, low-interest vehicle loans for two-wheelers, as well as new and used passenger vehicles has significantly driven customer’s interest towards personal mobility. “Another key factor that contributed to the surge in automotive sales since June is easing of country-wide movement

restrictions. June and July witnessed significant pent-up demand from March, April and May, when the country was majorly under lockdown to contain the virus. “It is questionable as to whether the spike in sales is sustainable. It depends on, firstly, whether there is a significant demand of vehicles left in the domestic market. In order to leverage the attractive packages, customers may have pulled forward their purchases and the demand for vehicles for 2020 may have been largely exhausted. The second point is whether the local manufacturers that were more focused on exports can respond to the domestic demand to maintain adequate supply.”

ollowing the news that automotive sales in Turkey grew by 387.5% yearon-year in July 2020, according to Automotive Distributors Association Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The surge in sales is impressive but not unbelievable in light of Turkey’s effective response to the COVID-19 crisis. While economic impact was inevitable, the Turkish Government and the Central Bank of the Republic of Turkey (CBRT)’s timely

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New product category from Seger, the world brand on horn Ranking in the top 10 horn manufacturers worldwide while being the leading horn manufacturer in Turkey and exporting its products to more than more than 70 countries, Seger diversifies its product range with the new product category “Lighting Equipment” in the automotive subindustry market.

Seger’s Vice President of Board Selim Baykal

eing a global brand in horn production and now expanding its product category with automobile interior and exterior lighting equipment, Seger’s new products include halogen lamps; Standard, super vision, crystal white, Xenon white ultra and Xenon yellow models are available. The category was created by giving priority to Xenon (HID) bulbs, signal lights and interior lights that are preferred for the interior ambience of cars, which provide visibility comfort especially at night.

of automobile lighting of Seger, which is the voice of many world brand automobiles, large transportation vehicles and even ships today, said; “Seger is a global brand with high recognition in national and international automotive spare parts markets with its horn design and production. We did not limit this potential based on the trust we have created in the market to the horn, but wanted to serve our suppliers in a different category. We will also market lighting-related products with our reliable brand that has a place in the world. “Our initial product range includes halogen and xenon bulbs of automobile headlights, miniature bulbs for signaling and interior lighting.”

Success in horn will inspire lighting Seger’s Vice President of Board Selim Baykal, who stated that they set out to continue the success of the horn in the field

With our dynamic structure, we will offer products for various needs Selim Baykal, who is the Vice President of Board of Seger that offers different products

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to the world markets with its reliable and globally recognized brand, continued his words as follows: “To increase our business volume and turnover and concurrently provide more foreign exchange income to Turkey in doing so, is also among our highest priorities. Our lighting products will also meet our customers through our existing dealer channels. Our halogen bulbs in our product range provide standard, super vision, crystal white, Xenon white ultra and Xenon yellow models up to 20 meters longer than standard bulbs, providing excellent visibility for drivers driving at night. At the same time, our products make it possible to have better visibility in urban traffic, night off-road rides and bad weather conditions. We also have miniature bulbs for signal lights and interior lights. While these bulbs perfectly illuminate the interior of the vehicle cabin, they can also be used in heavy vehicles, thanks to their long life. “

ASEAN vehicle sales plunge 66% in Q2 2020, yet sales will stabilise by the end of the decade, says GlobalData

ales of new vehicles in Southeast Asia’s six largest markets combined are estimated to have declined by almost 66% to 291,889 units in the second quarter of 2020, according to GlobalData, a leading data and analytics company. David Leggett, Automotive Analyst at GlobalData, comments: “The ASEAN vehicle market largely shrugged off the threat of COVID-19 in the first two months of the year, but the crisis severely dented vehicle demand in the region from March and the trend worsened in Q2.” Countries such as Vietnam and Thailand have been more successful than others in bringing the virus under control, but

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all countries have suffered significant economic damage as a result of the pandemic - and vehicle sales have been hit hard. Export demand has also declined sharply, while weak commodity prices continue to affect incomes and investment across the region. Leggett continues: “There were some positive signs in June sales. In Thailand, for example, vehicle sales in June were still sharply lower year-on-year (YOY), but they were 43% higher than in May. Demand should stabilize and improve through the remainder of the year.” Although 2020 is seeing a setback for the automotive sector in ASEAN markets,

long-term prospects for the region remain very strong. GlobalData’s analysis points to strong indicators for long-term demand as motorization rates rise with high economic growth - especially in Indonesia, with a population of 273 million, and its market of around one million new vehicles a year is forecast to double to two million vehicles a year by the end of this decade. Leggett adds: “In addition to strong longterm market prospects, the automotive manufacturing industry in the region benefits from relatively low costs, favorable government policies for investment, as well as free trading regimes for vehicles and components.”

COVID-19 pandemic breathes new life into electric scooters

he UK Government recently fasttracked a permit to allow electric scooter rentals on public roads. The move forms part of a broader investigation into greener travel and overcrowding on public transport as the COVID-19 pandemic rages, according to GlobalData, a leading data and analytics company. Before the pandemic struck, the scooter industry was facing strong financial headwinds. Last January, market leader Lime said it would lay off around 14% of its workforce (roughly 100 employees) and shutter operations in 12 markets as it seeks to become profitable this year. However,

there is now a resurgence of interest in what is termed active travel (outdoor transport modes), including electric scooters, with the rental sector picked for year-long trials in the UK. Calum MacRae, Automotive Analyst at GlobalData, comments: “For those returning to the office the car may not be an option due to access or parking restrictions, and, given the current situation, many do not feel entirely comfortable using public transport. Hence, it is not surprising that electric scooters and bikes are being seen as less risky for wary commuters.

“While the benefits of shared scootering are clear, there are still some issues to address, including those for governments and insurers. Who is to blame if an accident causes injury to a pedestrian or damages property? Fast-tracked scooter pilots in our cities is of concern to safety campaigners too. “However, interest in sustainable travel and in micro-mobility solutions for urban areas – including rentable electric scooters – has been given a shot in the arm by the COVID-19 pandemic. The year-long trials in British cities could give the scooter rental sector a major long-term boost.”

A Turkey’s gas discovery to have positive impact on foreign policy

NKARA – Turkish President Recep Tayyip Erdogan announced that the Fatih drilling vessel discovered the country’s largest energy source in its history -- 320 billion cubic meters of natural gas in the Black Sea. The historic discovery did not just come out of blue. Fatih, named after the great Ottoman Emperor Mehmet II who conquered Istanbul, has been drilling in the Black Sea region since July 20. On its ninth deep drilling operation, the vessel hit jackpot. Energy demand has been one of the main burdens on the Turkish economy, with

Ankara paying tens of billions of dollars annually to meet the country’s energy need. The discovery is projected to ease the financial burden for a number of years as Erdogan said authorities were planning to have the natural gas reserve ready for Turkey in 2023. The discovery is not likely to end Turkey’s dependence on foreign alternatives but Erdogan said the reserves found were “only part of much richer resources” given the fact that Turkey has one of world’s top drilling and seismic operation fleet and also holds operations in the Eastern Mediterranean, rich in terms of

Discovery of its largest natural gas deposits will have ramifications on its foreign policy, experts say

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hydrocarbon reserves, along with the Black Sea region, Turkey’s energy dependence might decline significantly in the future. In fact, further discoveries might even turn the energy-hungry country into an exporter. It goes without saying that politics and energy issues go hand-in-hand in the international arena and Turkey’s discovery is likely to have foreign policy repercussions. Mehmet Seyfettin Erol, head of the Ankara Centre for Crisis and Policy Research (ANKASAM), said the natural gas discovery paved the way for independent policies and might increase Turkey’s regional influence. “Natural gas and oil were sometimes weaponized against Turkey, therefore, the discovery is likely to strengthen Turkish position in the sense of safety of energy supply,” Erol said, adding energy relations between Turkey and Russia might be effected by the discovery. Arguing that Moscow would have a “weaker hand” against Ankara in terms of energy issues in light of the discovery, Erol said the two countries, who have recently developed close ties, would maintain a close relationship as result of their collaboration on energy-transfer routes.

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“One thing that should not be overlooked in this regard is that a new geopolitical structure might appear in the Black Sea region, which is likely to be part of the international agenda more and become center of geopolitical competition as interest of third parties might increase in this region,” he said. Given the fact that the US settled in Bulgaria and Greece, and pursue policies against Russia, and there is a dispute of Ukraine and the Bosporus is of great importance for Moscow; the Russian administration might rethink its position against Turkey with whom it is not on the same page in Libya and Syria, according to

Erol, who said the two nations were getting closer on Libya where rival elements recently called for a cease-fire. He went on to say that Turkey could emerge as a more powerful country and make use of “energy diplomacy” in a more effective manner if more discoveries were made, adding this was likely as the country pursued drilling goals through national means. ’Good news’ Matthew Byrza, senior fellow at Washington-based Atlantic Council think-tank, told Anadolu Agency that the discovery was a “good news” for Turkey as

Romania had been drilling in the region for years and had proven reserves amounting to 200 billion cubic meters. “The discovery provides Turkey optionality, which means negotiating leverage with Russia and other gas suppliers,” he said. “Such leverage is a big deal when relations are so tense with Moscow and when one of Turkey’s natural gas supply contract with Russia, for 8 billion cubic meters, expires next year.” The former US ambassador to Azerbaijan and White House official continued: “This discovery provides Turkey leverage over all of its gas suppliers, whether they be Russian, Iranian, Algerian, or even American. And as I describe above, this leverage over Russia, as well as Iran, could indeed be useful in Syria, as well as Libya and Azerbaijan/Armenia.”

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When asked if the discovery would have any positive effect on relations with the EU, which Ankara has recently been at odds with especially due to the developments in the Eastern Mediterranean, he said it was not likely as disputes were “fundamentally political rather than economic in nature” and the EU has a buyer’s market for natural gas. “As Ankara reduces its dependence on Russian natural gas, it will help these people in NATO’s space better appreciate that Turkey’s foreign policy in recent months has been an assertion of the country’s interests and legal rights in a pragmatic way that is in the interests of NATO rather than Russia,” he said. Ahmet Uysal, the head of the Middle East Strategic Studies Center (ORSAM), said becoming an energy hub had been on

Turkey’s international agenda for some time and the discovery in the Black Sea would boost Ankara’s position in the international arena. Uysal said the energy subject was one of the fundamental pillars behind foreign policies, international cooperation and polarization; therefore, self-sufficiency in the context of energy was a matter of great importance for any sovereign state. “Turkey has been seeking to diversify its energy market for a while, and looked for alternatives, thus making this discovery vital. [The discovery] might reduce the pressure on its economy,” he said, adding Turkey was a productive country prior to finding natural gas, which would be an additional power drive behind its back. According to the ORSAM head, EU-Turkey relations might be positively impacted after Turkey discovered new reserves in the region, and he underlined that the Turkish government announced the “minimum” discovery amount and this was likely to increase as Ankara was determined to drill more. However, he said EU leadership did not want a powerful Turkey but was looking for a state to which it could dictate and impose, and its stance toward Turkey in the coming period would be a “good-will test” for Europe. Stressing that the EU was heavily dependent on energy sources and was a customer of Russia, despite objection by the US, he said the European organization sought to diversify its energy supply, which is why it attached great importance to the developments in the Eastern Mediterranean where Turkey and Greece have been at odds with the EU standing behind Athens. He further stated that the discovery could increase the importance of Turkey in the eyes of the European leadership as it wants to have alternative energy suppliers. And he said that Turkey, if it discovered more reserves, would not encounter any difficulties in transferring gas to the European territory due to its existing energy routes. “I believe the EU has been having difficulty in getting used a powerful Turkey,” he said, and the latest developments in the Black Sea had the potential to “normalize” Turkey’s relations with the EU. “It would be better if the EU acknowledged Turkey as a partner, not as a country begging for membership,” he said.

All-terrain vehicle & utility task vehicle market worth $18.6 billion by 2026

he global ATV and UTV market generated $9.2 billion in 2017 and is anticipated to grow at a CAGR of 8.3% during the forecast period according to a new report published by Polaris Market Research. All-terrain vehicles (ATV) are small, open, and single-seated motor vehicles with three or four tires. It has the ability to operate on a wide variety of terrains such as forests, mountains, snow, and other

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rough terrains. These vehicles have deepthreaded tires that enable the vehicles to be driven on rocky, muddy, and root cover terrains. Utility task vehicles are IC engines or electric motors powered vehicles driven through steering, and used in applications such as farming, mining, and rescue. The demand for ATV and UTV has increased over the years owing to increasing tourism activities. The increasing trend of sports activities and adventure sports has

increased the demand for these vehicles. The growing consumer disposable income and improving living standards also fuel the market growth. Other factors supporting the market growth include technological advancements, increasing applications in defense and agriculture sectors, and supportive government initiatives. The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global ATV and UTV Market, 20172026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America generated the highest revenue in 2017 owing to increasing applications in agriculture, defense, and mining applications. The high disposable incomes, and government initiatives to promote sport activities have resulted in market growth in the region.

Competitive landscape and key vendors The global ATV and UTV market is characterized by the presence of welldiversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base. The leading companies profiled in the report include Yamaha Motors, Honda Motors Co Ltd, Deere & Company, Polaris Industries, Kubota Corporation, Caterpillar

Inc., Kawasaki Heavy Industries Motorcycle & Engine Company, Bobcat Company, Hisun Motors, and Bombardier Recreational Products. Key Segment Outlook Type • All-Terrain Vehicle • Sport All-Terrain Vehicle • Sport Utility All-Terrain Vehicle • Utility All-Terrain Vehicle • Other All-Terrain Vehicles • Uti Sports Utility Vehicle • Load Carrier Utility Vehicle • Multipurpose Utility Vehicle • Other Utility Vehicles Application • Sports • Mining • Entertainment • Agriculture

• Defense • Others Region • North America • U.S. • Canada • Mexico • Europe • Germany • UK • France • Italy • Asia-Pacific • China • India • Japan • South Korea • Latin America • Brazil • Middle East and Africa

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The new investment of Ako Jant to double production Producing wheels for commercial, agricultural and industrial vehicles in domestic and global markets, AKO Jant will double its production through a 5 million USD investment program in its new rim lines. Ömer Abrekoğlu, Factory Manager of Ako Jant

KO JANT, a leading producer of wheels for commercial, agricultural and industrial vehicles in domestic and global markets under Turkey’s nationalcapital industrial giant AKO Group will double its production through a 5 million USD investment program in its new rim lines. “AKO Jant’ investments are continued despite the unpredictability around the globe dictated by the Covid – 19 Pandemic” said Factory Manager Ömer Abrekoğlu, “We are totally committed to Turkey’s production potential. We aim to prevail this period, and to reach an even stronger position through investments.” Established in 2014, within AKO Group’s investment endeavors in automotive supply industry, AKO Jant’s production capacity keeps growing through continuous investments. AKO JANT provides wheels for automobiles, as well as light commercial vehicles agricultural vehicles, buses and heavy duty vehicles, and vehicles used in military. Furthermore, AKO JANT develops its activities concurrently with the tyre

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manufacturers as well as exporting to over 40 countries around the globe. Responding rapidly to the market expectations with its high-tech and highquality production matched with its R&D and design capabilities, AKO Jant grasped a strong growth momentum in a short period with a positive push of collaborations with leading tyre manufacturers. Investment for latest production technology started producing yields AKO Jant’s factory is built on a total space of 120.000 m2 out of which 23.500 m2 are indoor area, and new wheel production lines with were set with latest automation technologies in 2018 with a 4,5 million USD investment. Ömer Abrekoğlu emphasized that the

production lines are integrated with robotic technologies in the factory, and that the company is now moving towards doubling its production capacity with a further 5 million USD investment for 2020. Abrekoğlu further said: “Our investments involve, among other improvements, a new rim production line set to be ready by 2021, coiler slitters that would omit foreign dependability, industry 4.0 compatible INPDS production monitoring system and increased production in our robotic production lines. All these investments will double AKO Jant’s production capacity by 2021”