Car & Automobile Manufacturing in the US
The Car and Automobile Manufacturing industry has experienced bumpy roads over the five years to 2019. General improvements to the economy and heavy buying activity from integral downstream markets are expected to help the auto sector overall. However, declining prices for fuel and crude oil have helped bolster demand for light trucks and sport utility vehicles at the expense of compact cars and sedans. Furthermore, automakers' response to consumer preference has been to shift production away from industry-relevant vehicles. Over the five years to 2019, industry-relevant revenue is expected to decline. Over the five years to 2024, the industry is expected to remain in decline.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook