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SOURCE Research and Markets
DUBLIN, April 25, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/6g46fg/north_american) has announced the addition of the "North American Automotive Production Outlook to 2018 by Vehicle Type, Fuel Type and Key Country Level Markets" report to their offering.
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The North American automobile industry can be classified into two segments - by vehicle type (passenger cars, light-duty commercial vehicles (LCVs) and heavy-duty commercial vehicles (HCVs)) and by fuel type (gasoline, diesel, and other fuel types). This industry has grown at a very fast pace and matured to become one of the largest contributors to a country's economic growth. This growth and advancement can be attributed to various reasons such as improving lifestyle, growing urbanization and population, increasing awareness regarding environmental problems, and an increase in the demand for fuel efficiency. To meet rigorous environmental laws, the automotive industry has developed continuous technological advancements in the powertrain as well as other components of an automobile.
Key factors driving the growth of North American vehicle production is the increasing demand in the entire North American market due to rise in population, as well as new and improved technologies in the powertrain sector. Growth in economy, availability of skilled labor, and new technologies, are the other factors that are pushing the automotive industry to new and greater heights in the region. The availability of cheap labor in some parts of the region is also a plus point as it saves on production cost for these companies and hence improves their profit margins. All these factors have put the automobile industry in the North American region on a promising growth track.
The major market for the automobile industry in the North American region is the U.S. where vehicle production is expected to reach 17,325.99 thousand units by 2018. This growth has been mainly attributed to the growth in demand of light-duty commercial vehicles and passenger cars. Right behind the U.S. is Mexico, which is growing at a much faster rate than that of Canada and will be significantly ahead of Canadian vehicle production over the next five years.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 North American Passenger Car Market, By Country & Fuel Type
5 North American Light Commercial Vehicles Market
6 North American Heavy Commercial Vehicles Market
7 Engine Production Scenario
8 Competitive Landscape
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/6g46fg/north_american
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