Over the five years to 2017, revenue for the SUV and Light Truck Manufacturing industry increased, bolstered by rising disposable income, which bolstered purchases of new automobiles. However, rising regulatory standards and volatile gasoline prices hampered industry growth somewhat. Over the five years to 2022, revenue is expected to continue rising, albeit at a slower rate. The world price of crude oil is expected to increase over the next five years, which may encourage consumers to purchase smaller, more fuel-efficient vehicles such as passenger cars. As a result, industry operators are expected to increase their emphasis on producing more fuel-efficient vehicles.
This industry manufactures light trucks and utility vehicles such as vans, pickups, sport-utility vehicles (SUVs) and crossover-utility vehicles (CUVs). The industry also manufactures light truck and utility vehicle chassis. This industry excludes the manufacturing of cars and motorcycles.
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.