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Car & Automobile Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Car & Automobile Manufacturing Market Research Report | NAICS 33611a | Aug 2014

Transmission overdrive: Renewed consumer spending and a shift toward green vehicles will drive growth

IBISWorld’s Car & Automobile Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$102bn
Annual Growth 09-14
12.3%
Annual Growth 14-19
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Profit
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Employment
66,733
Businesses
202
Industry Analysis & Industry Trends

The Car and Automobile Manufacturing industry endured weak sales during the recession but has since recovered in the five years to 2014, due to rising consumer confidence and low interest rates. In addition, more Americans returned to work and consumer sentiment began to recover, making customers more likely to purchase big-ticket items, such as new vehicles. Over the five years to 2019, the strengthening economic conditions and returning consumer confidence will continue to fuel the industry. Automakers will also seek growth potential in the hybrid and fuel-efficient car market, as they focus on developing gas-electric hybrid vehicles to increase fuel efficiency and cut exhaust emissions... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Having endured the tumultuous recession era and now recovering in the aftermath, the Car and Automobile Manufacturing industry is in the mature stage of its life cycle. Industry value added (IVA), or the measure of the industry's contribution to the overall economy, is expected to grow at an average annual rate of 7.8% over the 10 years to 2019. Comparatively, US GDP is growing at an estimated annualized rate of 2.5% during the same period. The large decrease in revenue during the recession and the subsequent recovery, bolstered by low interest rates and rising consumer confidence, can be attributed to the industry growing at a faster rate than US GDP.

Industry output has skyrocketed from the improved economy and increased consumer sentiment... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Car & Automobile Manufacturing Industry?

Companies in this industry manufacture cars and automobile chassis. These operations, which are referred to as automakers, typically produce cars, including electric cars, in assembly plants. The manufacture of light trucks (e.g. vans, pickups and SUVs), heavy trucks and motorcycles is excluded from this industry.

Industry Products
Compact and subcompact carsMidsize and full-size sedansSports carsLuxury cars
 
Industry Activities
Automobile assembling Automobile chassis


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