Gassed up: Electric vehicle manufacturing and tech advancements will spur industry growth

The Car and Truck Manufacturing industry in California consists of a small, but burgeoning base of electric vehicle manufacturers that are focused primarily on luxury consumer cars and light-duty trucks for businesses and government agencies. Although traditional automobile production has long since left California for lower production costs elsewhere, emerging electric vehicle makers have put down roots in the state to be in proximity to a wealthy customer base, as well as the tech sector and the development of self-driving cars and other innovative technologies. Chief among these new players is Tesla, which made its official foray into California vehicle production in 2012...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 12-17
23.1%
Forecast Growth 17-22
Profit
Employment
4,179
Businesses
47

Industry Threats & Opportunities

  • Emerging electric vehicle makers have put down roots in the state to be in proximity to a wealthy customer base
  • This industry faces a narrow market share compared to overall US car and truck manufacturing
  • Operators are already shifting their business plans in anticipation of market saturation
  • Industry Report - Industry SWOT Analysis Chapter

    ***This section is not used for US State reports***.Only set Reasons & Level!...purchase to read more.

    Additional Insights for the Car & Truck Manufacturing in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Car & Truck Manufacturing in California Industry are

  • Effective cost controls
  • Use of most efficient work practices
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Access to Credit in California and Per Capita Disposable Income in California in the Car & Truck Manufacturing in California industry impact industry performance..

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    What's in this report

    What is the Car & Truck Manufacturing in California Industry?

    This industry comprises establishments that manufacture cars and light trucks, such as sedans, vans, pickup trucks, sport utility vehicles (SUVs), shuttle buses, utility trucks and other vehicles. Industry operators manufacture the complete vehicle, or sometimes manufacture the chassis only. The production of heavy-duty trucks, motorcycles and all-terrain vehicles is excluded from this industry.

    Industry Products
  • Cars
  • Trucks
  • Industry Activities
  • Manufacturing and assembling complete cars and light-duty trucks
  • Manufacturing chassis only
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Access to Credit in California
  • Per Capita Disposable Income in California
  • Price of Gasoline in California
  • World price of steel

  • Current Performance
  • Rapid expansion
  • Challenges remain
  • Chart: Revenue Growth

  • Industry Outlook
  • End of rapid growth
  • Profit rebounds
  • Table: Car & Truck Manufacturing in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Car & Truck Manufacturing in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Hotels & Motels
  • Parking Lots & Garages
  • Consumers

  • Key Selling Industries
  • Automobile Brakes Manufacturing
  • Automobile Electronics Manufacturing
  • Automobile Interior Manufacturing
  • Automobile Metal Stamping
  • Battery Manufacturing
  • Iron & Steel Manufacturing
  • Paint Manufacturing

  • Products & Services
  • Cars
  • Trucks
  • Chart: Car & Truck Manufacturing in California Industry Products and Services Segmentation

  • Major Markets
  • Consumers
  • Commercial operators
  • Government agencies
  • Chart: Major Market Segmentation for the Car & Truck Manufacturing in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Car & Truck Manufacturing in California

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Car & Truck Manufacturing in California Industry

  • Tesla Motors Inc., Al Yousuf, Wanxiang Group Corporation,
  • Table: Tesla Motors Inc. - financial performance
  • Table: Al Yousuf - financial performance
  • Table: Wanxiang Group Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Car & Truck Manufacturing in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Car & Truck Manufacturing in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Price of Gasoline in California (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Electric Vehicle
  • A car that uses an electric motor, rather than a traditional internal combustion engine.
  • Hybrid
  • A car that runs on an electric battery combined with a gasoline engine to be more fuel efficient than a standard car.
  • Sport-Utility Vehicle (Suv)
  • A rugged automotive vehicle similar to a station wagon but built on a light-truck chassis.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Car & Truck Manufacturing in California contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Car & Truck Manufacturing in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Car & Truck Manufacturing in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Car & Truck Manufacturing in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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