Improving consumer sentiment and per capita disposable income over the next five years will drive revenue growth for the industry. In addition, consumers will welcome the efforts of industry major players to outfit trucks and sport-utility vehicles (SUVs) with hybrid drivetrains and improve fuel efficiency. Rising government-mandated fuel standards will accelerate the shift toward more fuel-efficient vehicles. Moreover, total industry revenue will be aided by the rising popularity of fuel-efficient crossover-utility vehicles (CUVs) that major companies introduced in recent years. These vehicles have steadily gained market presence and will continue to support industry revenue growth. Conversely, rising gasoline prices threaten this outlook; even with improvements, the gas mileage of trucks and SUVs will remain generally inferior to that of sedans and wagons.
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.
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.