MarketResearch.com: US Motor Vehicle Industry to Grow While US Market Shrinks
WASHINGTON and NEW YORK and LONDON, June 28, 2016 /PRNewswire/ -- MarketResearch.com is pleased to announce the addition to its collection of three Freedonia Focus Reports forecasting various components of the US motor vehicle industry and its domestic market.
US retail sales of new motor vehicles are forecast to total 17.1 million units in 2020, down from 17.9 million units in 2015. A newly released report, Motor Vehicles: United States, analyzes factors such as the aging of baby boomers and light-vehicle leasing trends on US automotive markets. As the average age of US drivers increases, the number of total miles driven is expected to fall and negatively impact new car sales. Furthermore, a rise in leased vehicles over the historical period is expected to suppress prices for used vehicles over the forecast period, further constraining demand for new models. At the same time, motor vehicle manufacturers producing in the US are expected to increase output to nearly 13 million units in 2020 on increasing exports, particularly of light-duty trucks and vans. To find out more about light-, medium- and heavy-duty motor vehicles procured and produced in the US, visit our report page: http://www.marketresearch.com/Freedonia-Focus-v3334/Motor-Vehicles-United-States-10100478/?progid=88826
In a related report, Medium & Heavy-Duty Trucks & Buses: United States, purchases of new medium- and heavy-duty trucks and buses in the US are expected to total 510,000 units in 2020, representing annual growth of 0.6% from levels in 2015. Medium-duty truck demand is projected to increase at an above-average rate – 1.0% annually through 2020 – to 216,000 units. Increased US construction and manufacturing activity will fuel demand for all forms of transport vehicles. To learn more, visit the report page: http://www.marketresearch.com/Freedonia-Focus-v3334/Medium-Heavy-Duty-Trucks-Buses-10100475/?progid=88826
For background on the levels of US-produced freight driving demand for transport vehicles, Manufacturing: United States breaks out the total output of US durable and nondurable goods industries into 10 key segments. Industries associated with plastic and rubber product manufacturing are expected to grow in output at the fastest rate of all others, at 4.9% annually to 2020 in value terms. The US transport equipment industry itself is a leading manufacturing sector producing ground, air and maritime equipment, with shipments from US factories poised to grow 2.6% annually to 2020. To learn more about US manufacturing and trends in the key transport equipment sector, visit the report page: http://www.marketresearch.com/Freedonia-Focus-v3334/Manufacturing-United-States-10100463/?progid=88826
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About The Freedonia Group and Freedonia Focus Reports
The Freedonia Group, a division of MarketResearch.com, is a leading international industrial market research company that publishes more than 400 research studies annually and offers custom research solutions. Since 1985 they have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Reports can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.
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