The Light vehicle production of United States of America attained a value of 8,879,376 Units in 2021
The indicator recorded a historical decline (CAGR) of 7.55% between 2018 to 2021 and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of 3.28% between 2022 and 2026, reaching...
The Light vehicle production in the United States of America (2018 - 2026, Units)
Light vehicle capacity of the United States of America
The light trucks market includes all light commercial vehicles (LCVs) and light buses and coaches (LBCs). This includes pick-ups and vans but excludes sports utility and similar vehicles. The market value is calculated in terms of the manufacturer’s selling price (MSP) and excludes all taxes and levies.
The US light trucks market continued the strong growth by volume and value of recent years, albeit at a slightly lower rate. Revenues are predicted to improve through the forecast period although at a broadly decelerating rate. LCV sales had the highest volume in the US light trucks market.
Category segmentation
Light Commercial Vehicles is the largest segment of the light trucks market in the United States. It accounts for nearly all the market.
Geography segmentation
United States owns the largest share in the global Light vehicle market in terms of capacity. Asia-Pacific is second in the ranking list.
Competitive landscape
In the American light trucks market, there are a small number of large companies, between whom competition is fierce. Following the economic downturn that has been experienced on a global scale, the situation has improved, following a period of restructuring. This resulted in Chrysler becoming a wholly-owned subsidiary of Italian automaker Fiat; while General Motors has returned to private ownership, after receiving bailout funds from the US and Canadian governments. Both these companies have recovered after their previous problems which appear to bode well for the future of the market. Companies operating in this market tend to have operations in other markets, such as passenger car manufacture, which reduces their reliance on the light trucks market to an extent.
Who are the leading players?
Fiat S.p.A.
Fiat is engaged in the design, production, and sale of mass-market and luxury automobiles through a number of brands. The group also manufactures automotive-related products and systems, principally powertrains, components, metallurgical products, and production systems for the automotive sector.
Ford, one of the oldest car manufacturers in the world, designs, builds, and sells cars, utilities vehicles, and trucks. The company's core and affiliated automotive brands include Ford and Lincoln. Ford, through its subsidiaries, also provides vehicle financing services. It operates plants globally spread across North America, Europe, South America, Asia Pacific, and Africa.
GMNA has sales, manufacturing and distribution operations in the US, Canada and Mexico and sales and distribution operations in Central America and the Caribbean. GMNA primarily develops, manufactures and markets vehicles under the brands including Buick, Cadillac, Chevrolet and GMC.
Toyota is one of the largest automobile manufacturers in the world. The company is engaged in the design, manufacture, assembly, and sale of passenger cars, minivans, and commercial vehicles such as trucks and related parts and accessories throughout the world. It also provides financing, vehicle and equipment leasing, and certain other financial services primarily to its dealers and their customers to support the sales of vehicles and other products manufactured by Toyota.
Germany
Japan
Netherlands
United States of America
United States of America
Germany
Germany
Japan
South Korea
China
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