Turkey's automotive market to rise 8.4% CAGR in 2011-2015

The automotive market in Turkey is expected to grow at a CAGR of 8.4% over the period 2011-2015, reports analysts from TechNavio. One of the key factors contributing to this market growth is the Turkish Government's support for the automotive industry. The automotive market in Turkey has also been witnessing an export shift toward the Middle East and North Africa. However, increasing raw material prices could pose a challenge to the growth of this market.

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