The North American automotive production market is estimated to grow at a CAGR of 7.6%, indicating promising growth in the industry.
Dallas, TX -- (SBWIRE) -- 06/17/2014 -- The report, "North American Automotive Production Outlook by Vehicle Type (Passenger Cars, LCV, and HCV), Fuel Type (Gasoline, Diesel, and Others) and Key Country Level Markets (U.S., Canada, and Mexico)", defines and segments the North American automotive industry. It analyzes the three major countries in the region and forecasts their vehicle production based on two segments, namely, vehicle types and fuel types.
Browse more than 30 market data tables with 20 figures spread through 142 pages and in-depth TOC on "North American Automotive Production Outlook by Vehicle Type (Passenger Cars, LCV, and HCV), Fuel Type (Gasoline, Diesel, and Others) and Key Country Level Markets (U.S., Canada, and Mexico)"
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LCV’s - Growing at a faster pace
The major automobile segment in the North American region are the light-duty commercial vehicles (LCVs) segment which is growing at a much faster rate, compared to other segments, due to the ongoing trends and other external factors prevailing in the region. Passenger cars are also expected to grow, owing to the increasing demand for small fuel-efficient vehicles in the region.
Gasoline - The fuel for the masses
The automobile industry in the NAFTA region is dominated by vehicles using gasoline. Gasoline powered vehicles account for more than 65% of total vehicle production in the entire region. In terms of growth rate, the market for gasoline is expected to show a lower CAGR of 7.1% in the next five years, as compared to growth rates of diesel and other fuel types. This is due to increasing awareness about cleaner fuels and increase in the use of diesel-powered vehicles, as new and improved diesel engine powertrains are constantly arriving in the market.
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The report covers the current and forecasted vehicle production trends and provides analysis for the North American automotive industry, in terms of volume (thousands) with focus on major country level markets such as the U.S., Mexico, and Canada. The report also highlights qualitative trends identifying the drivers, restraints, opportunities, etc., in the same region. Apart from vehicle type segments, the North American automobile industry is also segmented by fuel type (gasoline; diesel and other fuel types).
This report contains an overview of the recent developments in the automotive industry, pertaining to automotive production. It also covers the value chain, Porter’s five forces analysis, competitive landscape, and company profiles for major players in the market for automobile manufacturing industry.
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