Overdrive: A strong economy and low fuel prices have boosted industry performance

The Car and Automobile Manufacturing industry in Michigan is expected to experience steady growth over the five years to 2018. During the five-year period, MI industry revenue is expected to expand at an annualized rate of 3.0% to $27.3 billion. The industry produces a variety of vehicles, from midsize, compact and subcompact to luxury cars and sedans. During the five-year period, heavy buying activity from key downstream markets, stimulated by improvements in the domestic economy are anticipated to bolster revenue growth on the state and national level. Gasoline prices fell, interest rates have been low and income levels have improved. As a result, new car demand has expanded. Moreover, demand for vehicle production is subject to not just national, but global factors...purchase to read more.

Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 13-18
3.0%
Forecast Growth 18-23
Profit
Employment
17,373
Businesses
30

Industry Threats & Opportunities

  • Michigan plays a significant role in the US industry due to the presence of the Big Three automakers
  • Industry Report - Industry Locations Chapter

    The vast majority of the Car and Automobile Manufacturing industry in Michigan is located in the Metro region. While Michigan's Metro region holds the highest population concentration in the state, the industry is still largely overrepresented within the region. 72.0% of industry establishments are located in the region, or nearly double the 38.9% population the Metro region holds. Additionally, the Detroit-Warren-Dearborn metropolitan statistical area (MSA), which comprises Lapeer, Livingston, Macomb, Oakland, St. Clair and Wayne counties and spans portions of the Bay, University and Metro regions, makes up 80.0% of industry operators. These MSA establishments demonstrate the importance of the largest operators in the MI industry. For...purchase to read more.

    Additional Insights for the Car & Automobile Manufacturing in Michigan Industry

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

  • Strong supply chain links
  • Use of most efficient work practices
  • Optimum capacity utilization
  • IBISWorld analysts also discuss how external factors such as New car sales and Consumer Confidence Index in the Car & Automobile Manufacturing in Michigan industry impact industry performance..

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    What's in this report

    Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • New car sales
  • Consumer Confidence Index
  • Consumer spending in Michigan
  • World price of crude oil
  • Yield on 10-year Treasury note

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Car & Automobile Manufacturing in Michigan Industry Lifecycle vs The Economy

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

  • Key Selling Industries
  • 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
  • Paint Manufacturing

  • Products & Services
  • Midsize
  • Luxury
  • Small (compact and subcompact)
  • Large
  • Chart: Car & Automobile Manufacturing in Michigan Industry Products and Services Segmentation

  • Major Markets
  • Wholesalers
  • Automobile dealerships
  • Leasing companies
  • Government
  • Chart: Major Market Segmentation for the Car & Automobile Manufacturing in Michigan Industry

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

  • Basis of Competition
    Barriers to Entry
    Ford Motor Company, General Motors Company, Fiat Chrysler Automobiles NV, Toyota 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 Car & Automobile Manufacturing in Michigan 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 & Automobile Manufacturing in Michigan Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • New car sales (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Domestic Internationals
  • The Japan-based automakers operating in the United States: Toyota Motor Corporation, Nissan Motor Company Limited and Honda Motor Company Limited.
  • 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.
  • The Big Three
  • The three biggest domestic automakers: General Motors Company, Ford Motors Company and Fiat Chrysler Automobiles.
  • What Our Customers Say

    Why buy this report?

    The Car & Automobile Manufacturing in Michigan Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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 Car & Automobile Manufacturing in Michigan:
    • 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 & Automobile Manufacturing in Michigan 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 & Automobile Manufacturing in Michigan, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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