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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 | Mar 2016

Smooth ride: Renewed consumer spending and a shift toward green vehicles will boost sales

IBISWorld’s Car & Automobile Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$127bn
Annual Growth 11-16
6.8%
Annual Growth 16-21
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Profit
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Employment
71,471
Businesses
159
Industry Analysis & Industry Trends

The Car and Automobile Manufacturing industry endured weak sales during the recession but has since recovered during the current five years 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 next five years, strengthening economic conditions and returning consumer confidence will continue to fuel the industry, albeit at a slower rate. 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 - Starting a New Business Chapter

With moderate concentration, a high level of capital requirements and rapid technological change, this industry is extremely difficult for new entrants to break into. Generally, manufacturing cars is a capital-intensive enterprise requiring sophisticated manufacturing facilities and robust supply chains. Production facilities use specialized equipment and substantial floor space. In addition, prospective automakers need proprietary or licensed vehicle designs and an experienced workforce. Vehicles are made from thousands of separate parts, so sufficient volumes of reliable supplies typically require long-term contracts with several parts supply firms.

New industry entrants must comply with strict regulatory standards for safety and environmental concerns... 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 operators, 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 sedansLarge carsLuxury cars
 
Industry Activities
Automobile assembling Automobile chassis


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