Turbo charge: Stricter fuel efficiency standards will boost demand for industry products

The SUV and Light Truck Manufacturing industry is expected to continue improving over the five years to 2017. Heavy buying activity from key downstream markets and general improvements in the domestic economy are anticipated to bolster revenue growth. Moreover, companies that restructured prior to the five-year period, such as GM, are now better prepared to compete on a global scale. The government, as well as many automakers, are increasingly taking consumer concerns regarding fuel economy into consideration. Over the next five years, automakers will focus on producing CUVs and trucks with an emphasis on improved fuel efficiency to meet regulatory mandates...read more.

Industry Statistics & Market Size
Revenue
$195bn
Annual Growth 12-17
8.2%
Forecast Growth 17-22
Profit
Employment
93,034
Businesses
72
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Industry Threats & Opportunities

  • The government, as well as many automakers, are increasingly considering consumer concerns regarding fuel economy
  • Bailouts of GM and Chrysler illustrate the government’s support for the automotive industry
  • Industry operators will look to address the changing preferences of customers over the period
  • Industry Report - Industry Products Chapter

    This industry produces vans, trucks and sport-utility vehicles (SUVs). The automotive marketplace is one of constant change and innovation that continuously creates new product platforms. IBISWorld segments industry product types into three main categories: vans, trucks and SUVs, each consisting of two subcategories.SUVs and CUVsSUVs are fully enclosed vehicles similar to station wagons but built on a light truck chassis. These vehicles, such as the Jeep Wrangler, were originally known for their excellent off-road capabilities. Rising gas prices during the early part of the five-year period altered consumer preferences for large vehicles with poor fuel economy. Standard SUVs suffer from very low gas mileage comparable with that of a full-size pickup truck. Hig...purchase to read more.

    Additional Insights for the SUV & Light Truck Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the SUV & Light Truck Manufacturing Industry are

  • Product portfolio matches customer demand
  • Flexible cost structures
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Regulation for the Automotive sector in the SUV & Light Truck Manufacturing industry impact industry performance..

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    What is the SUV & Light Truck Manufacturing Industry?

    Companies in this industry manufacture light trucks and utility vehicles such as vans, pickups, sport-utility vehicles (SUVs), and crossover-utility vehicles (CUVs). They also manufacture light truck and utility vehicle chassis. This industry excludes the manufacturing of cars and motorcycles.

    Industry Products
  • CUVs
  • Pickup trucks
  • SUVs
  • Minivan
  • Industry Activities
  • Van
  • Pick-up truck
  • SUV and CUV
  • Light truck and utility chassis
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Regulation for the Automotive sector
  • World price of crude oil
  • Trade-weighted index
  • Yield on 10-year Treasury note

  • Current Performance
  • International trade
  • Government intervention
  • The customer is always right
  • Chart: Revenue Growth

  • Industry Outlook
  • Financial stability
  • Fuel economy
  • Table: SUV & Light Truck Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - SUV & Light Truck Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Automobile Wholesaling
  • New Car Dealers
  • Car Rental

  • Key Selling Industries
  • Auto Parts Manufacturing
  • Automobile Brakes Manufacturing
  • Automobile Electronics Manufacturing
  • Automobile Engine & Parts Manufacturing
  • Automobile Interior Manufacturing
  • Automobile Metal Stamping
  • Automobile Steering & Suspension Manufacturing
  • Automobile Transmission Manufacturing
  • Battery Manufacturing
  • Iron & Steel Manufacturing

  • Products & Services
  • CUVs
  • Pickup trucks
  • SUVs
  • Minivan
  • Chart: SUV & Light Truck Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers
  • Automobile dealers
  • Exports
  • Leasing companies
  • Government
  • Chart: Major Market Segmentation for the SUV & Light Truck Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Research and development and other costs
  • Chart: Cost Structure Benchmarking – Sector vs SUV & Light Truck Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the SUV & Light Truck Manufacturing Industry

  • Industry Globalization
    Ford Motor CompanyGeneral Motors CompanyFiat Chrysler Automobiles NVToyota Motor Corporation
  • Table: Ford Motor Company - financial performance
  • Table: General Motors Company - financial performance
  • Table: Fiat Chrysler Automobiles NV - financial performance
  • Table: Toyota Motor Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the SUV & Light Truck Manufacturing 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 SUV & Light Truck Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • World Price Crude Oil (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Corporate Average Fuel Economy (Cafe)
  • A regulation intended to improve the average fuel economy of cars and light trucks.
  • Crossover-Utility Vehicle (Cuv)
  • A mid-sized vehicle that combines features of a car with an SUV. They are generally smaller and more fuel efficient than SUVs.
  • Fuel Cell
  • An energy source that operates like a battery but does not require recharging; oxygen passes over one electrode and hydrogen over a second, generating electricity, water and heat.
  • Hybrid Vehicle
  • A vehicle that uses two different power sources to run, in most cases referring to an electric battery in conjunction with a gasoline engine.
  • Miles Per Gallon (Mpg)
  • A measure used to indicate fuel efficiency.
  • Sport-Utility Vehicle (Suv)
  • A mid-sized vehicle similar to a station wagon, but built on a light-truck chassis.
  • Why buy this report?

    IBISWorld’s industry research report on SUV & Light Truck Manufacturing 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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on SUV & Light Truck Manufacturing:
    • 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 SUV & Light Truck Manufacturing 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 SUV & Light Truck Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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