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