SUV & Light Truck Manufacturing in the US - Industry Market Research Report

September 2020 •
59 pages •
Report ID: 499437 •
Format: PDF

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Turbo charge: A strong economy and low fuel prices have boosted industry performance

Abstract

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 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. Over the five years to 2024, stagnant fuel prices are expected to limit demand for industry products, as vans and SUVs are often less fuel efficient than smaller passenger cars and sedans. 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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