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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 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 6.4% over the 10 years to 2020. 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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