Motor vehicle manufacturers are having a tough time. Industry revenue is forecast to contract by an annualised 9.4% over the five years through 2012-13 to reach $10.7 billion. Motor vehicle manufacturers' woes started when consumers began switching to smaller, more fuel-efficient vehicles. Consumers made the switch due to environmental concerns and skyrocketing petrol prices. This proved to be an issue for domestic manufacturers, particularly for Holden and Ford, as their core product range consists of large, powerful, fuel-inefficient vehicles.
Companies in this industry manufacture motor vehicles. These vehicles mainly include cars, sports utility vehicles (SUVs), light commercial vehicles, buses, vans and medium, heavy and special-purpose highway trucks such as fire trucks. Vehicles produced in this industry are used for private and commercial purposes. The manufacturing of automotive engines is also included in 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.