SUV & Light Truck Manufacturing in the US
The SUV and Light Truck Manufacturing industry experienced strong growth over the five years to 2019. Heavy buying activity from key downstream markets and general improvements in the domestic economy are anticipated to have bolstered revenue growth. Moreover, the declining price of oil has helped generate demand for industry products such as sport-utility vehicles (SUVs), vans and light trucks. Automakers have also done well responding to shifts in consumer preference. Furthermore, both the government and many automakers are increasingly taking consumer concerns regarding fuel economy into consideration. Therefore, major government programs have significantly influenced manufacturer operations. Overall, industry revenue is anticipated to increase during the current period. Over the five years to 2024, however, industry revenue is forecast to decline slightly. Increased oil prices are expected to threaten demand for industry products. Furthermore, rising interest rates and unemployment are forecast to hinder consumer sentiment.
Companies in this industry manufacture light trucks and utility vehicles such as vans, pickups, sport-utility vehicles (SUVs), and crossover-utility vehicles (CUVs). They also manufacture 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.
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