The Registrations of Acura vehicles in United States of America attained a value of 136,983 Units in 2020
The indicator recorded a historical decline (CAGR) of 3.95% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
The value of the US automotive manufacturing industry is expected to grow in 2021, recovering from the sharp decline in production a year earlier due to the COVID-19 pandemic. The industry is set to follow a strong growth trajectory during the forecast period given that the macroeconomic environment will continue to improve. The COVID-19 pandemic had a significant impact on the automotive industry in 2020. Temporary shutdowns at manufacturing plants amid labor shortages and a severe disruption in the supply chain - including a shortage of semiconductors - which persisted throughout the year, resulting in the decline of production volume. Meanwhile, consumer and business confidence remained depressed since its slump in the advent of the pandemic. With regards to car and motorcycle manufacturing, the cutback in the use of cars following containment measures also reduced consumers’ demand for new vehicles.
Who are the leading players in the US automotive manufacturing segment?
Daimler AG (Daimler or ‘the company’) is engaged in the development and manufacturing of various automotive products such as passenger cars, trucks, vans, and buses. It offers its products under the brands: Mercedes-Benz, BharatBenz, Mercedes Benz Financial, Daimler Truck Financial, Freightliner, FUSO, Detroit, Mercedes-Benz Bank, Setra, Thomas Built Buses, Smart, Western Star trucks and DENZA. The company provides financial and other services relating to its automotive businesses. Daimler has its operations in North America, Western Europe, and Asia. The company is headquartered in Stuttgart, Germany.
AB Volvo (Volvo or 'the company') is a global manufacturer of trucks, buses, construction equipment, marine engines and industrial engines. The company offers solutions for financing and service to its customers. It manufactures and sells medium to heavy trucks for long-haul, regional transport, and construction operations and light-duty trucks. The company also provides services such as insurance, rental services, spare parts, preventive maintenance, service agreements, assistance services and IT services. Volvo operates through the brands including Volvo, Volvo Penta, Terex, UD, Renault Trucks, Prevost, Nova Bus, Mack and Eicher. Volvo has presence across Europe, North America, Asia, and South America. The company is headquartered in Gothenburg, Vastra Gotaland, Sweden.
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