Car & Automobile Manufacturing in the US
The Car and Automobile Manufacturing industry has experienced strong growth over the five years to 2018. General improvements to the economy and heavy buying activity from integral downstream markets are expected to bolster revenue. Moreover, declining prices of oil and crude oil have helped bolster demand for industry products such as sedans, and compact cars, although not as much as it has aided purchases of trucks. Automakers have also done well to respond to shifts in consumer preference. In line with increasing environmental concerns, automakers have altered operations, expanding production of hybrid and compact vehicles which is nearly set to surpass midsize sedans as the industry's largest product. Over the five years to 2018, the strong economy is expected to help lift the industry. Over the five years to 2023, trends that benefited the industry in the previous period are expected to reverse.
Companies in the Car and Automobile Manufacturing industry manufacture cars and automobile chassis. These operators, which are referred to as automakers, typically produce cars, including electric cars, in assembly plants. The manufacturing of light trucks (e.g. vans, pickups and SUVs), heavy trucks and motorcycles is excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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