The automotive industry in Turkey is sizeable, and produced over 1.3 million motor vehicles in 2015, ranking as the 14th largest producer in the world. Turkish automotive companies like TEMSA, Otokar and BMC are among the world's largest van, bus and truck manufacturers. Turkish shipyards are highly regarded both for the production of chemical and oil tankers up to 10,000 dwt and also for their mega yachts. Turkish brands like Beko and Vestel are among the largest producers of consumer electronics and home appliances in Europe, and invest a substantial amount of funds for research and development in new technologies related to these fields.