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SUV & Light Truck Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

SUV & Light Truck Manufacturing Market Research Report | NAICS 33611b | Jul 2016

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

The SUV & Light Truck Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$194bn
Annual Growth 11-16
8.2%
Annual Growth 16-21
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Profit
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Employment
75,629
Businesses
81
Industry Analysis & Industry Trends

The SUV and Light Truck Manufacturing industry is expected to continue recovering from the economic crisis over the five years to 2016. Companies that restructured as a result of the recession are now better prepared to compete on a global scale. For example, major government programs in the past five years have significantly influenced manufacturer operations. While manufacturers may incur significantly higher research and development costs to meet these standards in the short term, a trend toward cleaner, more fuel-efficient engines could significantly benefit the industry in the long run. Over the next five years, automakers will focus on producing crossover-utility vehicles and trucks with an emphasis on improved fuel efficiency in order to meet regulatory mandates... purchase to read more

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 CUVs

SUVs 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 to that of a full-size pickup truck. Hig.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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
CUVsPickup trucksSUVsMinivan
 
Industry Activities
VanPick-up truckSUV and CUVLight truck and utility chassis


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