North American Automotive Production Market Project to Reach 25.70 Million Units by 2018 – New Report by MarketsandMarkets
This report covers the North American automotive production market based on vehicle type (passenger cars, LCVs and HCVs) and fuel Type (Gasoline, Diesel, and other fuel types). (http://www.marketsandmarkets.com/Market-Reports/north-american-automotive-production-market-266497462.html)
(PRWEB) June 22, 2014
The report, North American Automotive Production Outlook by Vehicle Type , Fuel Type and Key Country Level Markets that defines and segments the North American automotive industry. It analyzes the three major countries in the region and forecasts their vehicle production based on the 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 Market Outlook to 2018”.
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The report expects the North American automotive market to grow at a CAGR of 7.5% by 2018. The U.S. is identified as the major automotive market and is expected to be the largest market in terms of volume, followed by Mexico and Canada. This is due to increasing urbanization resulting in rise in the vehicle demand and production. Based on the types of vehicles and fuels, the gasoline based passenger vehicle segment is identified to have the largest market share in terms of the production.
The automotive market in North America comprises of a number of key players. The major key players in the market that are analyzed in the report include General Motor Group, Ford, and Fiat-Chrysler. As per the analysis, these companies account for around 75% of the North American market, whereas the rest of the 25% is occupied by other small/medium players.
General Motors (GM) and Ford are the leading automotive industry in the North American market. GM and Ford are into designing, building, and selling passenger vehicles, LCVs, HCVs and manufacturing their parts globally. According to the report, the key strengths associated with GM are its strong R&D capabilities, excellent supply and distribution network and its strong presence in the North American market. The company has recently announced the launch of its all-aluminum 1 liter 3 cylinder petrol engine which is in competition with the ’EcoTec’ engine from the Ford Company. GM has also started the production of aluminum based trucks which are much lighter and highly fuel efficient. The company is concentrating more on green products like Hybrid Electric Vehicles (HEVs), Electric Vehicles (EVs), and Flexi Fuel vehicles in order to offer new differentiated products under its brand portfolio. On the other hand, Ford Company is strategically planning to deliver products that are more valued by the consumers, development of new products being its top priority. For its business expansion, Ford has announced an increase in the production capacity at its Kentucky Truck plant to meet the growing demand for its F-series Super Duty trucks, investing around $80 million.
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 the 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 report also segments the industry by fuel types (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 the major players in the automobile manufacturing market.
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For the original version on PRWeb visit: http://www.prweb.com/releases/north-american-automotive/production-market/prweb11962034.htm