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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 | Feb 2015

Smooth ride: Renewed consumer spending and a shift toward green vehicles will drive growth

IBISWorld’s Car & Automobile Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$107bn
Annual Growth 10-15
5.4%
Annual Growth 15-20
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Profit
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Employment
66,492
Businesses
203
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 2015, 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 2020, 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 Analysis Chapter

After enduring low sales during the recession, domestic automakers have returned to the starting line with their engines revving. In 2010 and 2011, as most industries slowly emerged from the recession, the automotive sector took off at full speed as car sales grew 3.7% and 8.9%, respectively, according to Ward's Auto, a leading automotive analysis publication. Rising consumer confidence, in conjunction with low interest rates, is expected to lift industry revenue higher. Since interest rates remain at historically low levels, financing for new vehicles is relatively more affordable, and therefore more desirable. Additionally, more Americans returned to work and consumer sentiment began to recover, making consumers more likely to purchase big-ticket items, such as new vehicles... 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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