Turkey Consumer Electronics and Appliances Market By Type (Audio & Visual Electronics, Home Appliances, Kitchen Appliances and Personal Care), By Distribution Channel (Multi-Branded Stores, Hypermarkets/Supermarkets, Online and Others (Direct Sales, Exclusive Stores, etc.)), By Region Competition Forecast & Opportunities, 2024-2032
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationTurkey Consumer Electronics and Appliances Market By Type (Audio & Visual Electronics, Home Appliances, Kitchen Appliances and Personal Care), By Distribution Channel (Multi-Branded Stores, Hypermarkets/Supermarkets, Online and Others (Direct Sales, Exclusive Stores, etc.)), By Region Competition Forecast & Opportunities, 2024-2032
Turkey's consumer electronics and appliances market is expected to grow at an impressive pace in the anticipated period. Consumer electronics refers to a broad range of electronic products designed for the home or a particular user. At first, the phrase was used to describe
In Turkey, over 1 million ovens, 1.12 million freezers, 1.25 million refrigerators, 2.15 million washing machines, 1.64 million dishwashers, and about 250,000 dryers were sold in 2021. Also, mobile phones showed 5% retail volume growth in 2021, reaching 11 million units.
Earlier, cooking was done using traditional methods, which were more time-consuming, labor-intensive, and required constant observation. However, water waste and occasional domestic helplessness are also drawbacks. However, this issue is now resolved and thecredit goes to kitchen appliances such as dishwasher, which cleans the dishes and conserves a significant amount of water, further increasing the Turkish consumer electronics and appliances market.
Furthermore, the recent pandemic increased demand for Turkey's consumer electronics and
Premium Appliances Propels the Market Growth
One of the key drivers of the consumer electronics and home appliance market in Turkey over the next few years will be the rising demand for premium appliances. The need for distinctive and high-end consumer electronics is being fueled by the increasing importance of home appliances and consumer electronics. Premium appliances come with sophisticated features appropriate for higher social strata households. The demand for luxury consumer electronics and home appliances is rising in developing economies and driving market growth as the number of high-net-worth individuals (HNWIs) increases.
New Launches Aids the Market Growth
Turkish manufacturers are launching new and innovative products for consumers to increase their revenues and market share in Turkey. For instance, with its launch in Turkey, TCL Electronics unveiled its new Google TV models and cutting-edge consumer electronics products. TCL X925 Pro, C935, C835, C735, C635, P635, and P735 TV models were unveiled, along with the C-Fresh air conditioner series, new 6000M and 6500M Sweeva robot vacuum cleaners, winner of the CES 2022 Innovation Award, and Breeva Pro400 Premium air cleaner model. All of these TV models launched with the Google TV interface. By increasing the number of local dimming zones in the TCL C835 and C935 models, which are the first Mini LED Google TVs made in Turkey, the company raises the bar for image quality.
Also, the 2022 TV series from LG Electronics Turkey features cutting-edge performance and fashionable design. The Evo OLED series, the most sophisticated and brilliant OLED LG ever made the Evo OLED series, sits on top of the 2022 series. Due to the Brightness Enhancer function, made possible by the pixels under the control of the 5th generation 9 AI processor, the G2 model in the new series is 30% brighter, and the C2 model is 20% brighter than the Evo models without OLED. Turkish consumers can enjoy clearer, brighter, and more realistic images.
Compliance Cost Limits the Market Growth
Turkey's consumer electronics and home appliances market will face significant compliance cost challenges. Due to the evolving nature of government compliances mandated in recent years, the cost burden on the consumer electronics and home appliance markets has been rising. Consumers ultimately pay for this cost burden, which makes the products unaffordable and negatively affects consumer demand.
Market Segmentation
Turkey's consumer electronics and appliances market is segmented into type, distribution channel, region, and company. Based on type, the market is segmented into audio & visual electronics, home appliances, kitchen appliances and personal care. Based on distribution channel, the market is segmented into multi-branded retailers, supermarkets/hypermarkets, online, and others (direct sales, exclusive retailers, etc.).
Market Players
Samsung Electronics Istanbul Paz ve Tic Ltd Sti, LG Electronics Ticaret A.Åž., Apple Teknoloji ve Sas Ltd Sti, Evofone Bilgi Teknolojileri San Ltd Sti (Xiaomi), Huawei Telekomunikasyon Dis Tic Ltd Sti, Oppo Turkey Telekomunikasyon Tic Ltd Sti, Telpa Telekomunikasyon Tic AS (General Mobile), Lenovo Turkiye, BBK Electronics Corp Ltd, Nokia Turkiye
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Type · Distribution Channel · Region |
| Regional scope | Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Black Sea, Eastern Anatolia |
| Key Companies Profiled | Samsung Electronics Istanbul Paz ve Tic Ltd Sti, LG Electronics Ticaret A.Åž., Apple Teknoloji ve Sas Ltd Sti, Evofone Bilgi Teknolojileri San Ltd Sti (Xiaomi), Huawei Telekomunikasyon Dis Tic Ltd Sti, Oppo Turkey Telekomunikasyon Tic Ltd Sti, Telpa Telekomunikasyon Tic AS (General Mobile), Lenovo Turkiye, BBK Electronics Corp Ltd, Nokia Turkiye, etc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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