Motorcycle industry in Turkey- statistics & facts
The emergence of the motorcycle industry in Turkey commenced at a late stage, as motorcycle manufacturing gained momentum in the 1980s. Since then, numerous Turkish enterprises have started fabricating motorcycles, in response to the escalating demand for two-wheeled transportation due to the increasing population in Turkish big cities. Particularly, Istanbul, the city with the highest population, had a fleet of 567,984 motorcycles on its roads, which constituted the largest proportion of the Turkish motorcycle fleet in 2023.
The two-wheeled transportation sector is currently impacted by the cost of living crisis and accelerated price inflation observed in the country in recent years. As of April 2023, the consumer price index for all items in the basket amounted to 498.61 points, a significant increase compared to the previous five years. This directly affects the average unit prices of motorcycles in the country. Moreover, the prevailing price hikes had a significant impact on the average motorcycle costs in the country. As an example, the average retail price for an on-road motorcycle was 5,460 dollars in 2022, and it's expected to rise in the coming years.
The two-wheeled transportation sector is currently impacted by the cost of living crisis and accelerated price inflation observed in the country in recent years. As of April 2023, the consumer price index for all items in the basket amounted to 498.61 points, a significant increase compared to the previous five years. This directly affects the average unit prices of motorcycles in the country. Moreover, the prevailing price hikes had a significant impact on the average motorcycle costs in the country. As an example, the average retail price for an on-road motorcycle was 5,460 dollars in 2022, and it's expected to rise in the coming years.
