The Car and Automobile Manufacturing industry endured weak sales during the recession but has since recovered in the five years to 2015, due to rising consumer confidence and low interest rates. In addition, more Americans returned to work and consumer sentiment began to recover, making customers more likely to purchase big-ticket items, such as new vehicles. Over the five years to 2020, the strengthening economic conditions and returning consumer confidence will continue to fuel the industry. Automakers will also seek growth potential in the hybrid and fuel-efficient car market, as they focus on developing gas-electric hybrid vehicles to increase fuel efficiency and cut exhaust emissions.
Companies in this industry manufacture cars and automobile chassis. These operations, which are referred to as automakers, typically produce cars, including electric cars, in assembly plants. The manufacture of light trucks (e.g. vans, pickups and SUVs), heavy trucks and motorcycles is excluded from this industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.