ipl-logo

Commercial Vehicle Industry In The Us

658 Words3 Pages

The US commercial vehicle market is expected to grow at a CAGR of 5.9% until 2020.
In the US, there will be approximately 143.389 million commercial vehicles in operation by the end of 2017.
Commercial vehicle industry growth in the US is due to expected increase in consumer demand, technological advancements, and growth in related industries.
Overview

INTRODUCTION

Hello! Thanks for your question about the growth of commercial vehicle ownership in the US. The short version is that in 2015 there will be about 143.389 million commercial vehicles in operation in the US at the end of 2017 and the US market is expected to grow at a CAGR of 5.9% until 2020. This growth is driven by technological shifts and increased consumer and business demand. …show more content…

I will first find and compile all the relevant data from those sources. Then, I will outline all assumptions made and triangulate the estimated growth rate and figures in this market. Finally, I will explore relevant trends with regard to the US and global commercial vehicle markets.

RESULTS

I have found the number of commercial vehicles in use in the US in 2005 to be around 104.788 million. That figure has grown to about 141.872 million in 2015. The total US commercial vehicle registrations is just over 500,000 in 2016. Therefore, there is an estimated 142.372 million commercial vehicles in operation in 2016. In the 12 months ending September 2017, there were about 1.017 million commercial vehicles sold. This figure will be used as a proxy for 2017 total sales, resulting in a total estimated 143.389 million commercial vehicles at the end of 2017.

The estimated CAGR of commercial vehicle sales in the US is estimated at around 5.9%. Given this estimate, the projected sales of commercial vehicles in 2020 is about 170.296 million in the …show more content…

This is due to expected increase in demand for goods, driven by a rise in business and household spending. Increased transportation infrastructure spending can be attributed to economic growth, and will likely drive industry growth. Further growth can be attributed to the "incorporation of telematics and communication capabilities in commercial vehicles." The growth of the food and beverage industry in the next 7 years will also be another growth driver. Furthermore, this growth is supported by a growth in "end-use industries such as construction and

Show More
Related

Review Of Episode 8: Boom: Story Of The United States

860 Words | 4 Pages

Cars are transforming the lives of millions. You do not have to live near work. Cities explode outworks, creating giant suburbs. New highways were built and shopping malls with giant car parks. Over the hills a real-estate syndicate buys 500 acres.

Read More

Be200 Week 4

1431 Words | 6 Pages

James, K. (2012). Growth of Automobile Sector in the Era of Globalization. Management Studies Journal, Volume 13 Number 1,

Read More

Chevy Cars During The 60s

1043 Words | 5 Pages

”By 1923 Chevrolet had built its 1,000,000th vehicle thus proving that it was a staple in the automotive industry. By 1930 the company had produced 7,000,000 vehicles worldwide showing that it was now producing nearly a million vehicles

Read More

Comcast Corporation Business Analysis

754 Words | 4 Pages

The fleet of vehicles consists of more than 6,300 hybrid and flex-fuel vehicles, which allows them to reduce their gasoline dependency by 60,000 gallons which contributed to a 25% decrease in greenhouse gas emissions in 2011 alone. Marketing & Sales (Primary

Read More

The Federal Highway Act Of 1956: A Policy Analysis

616 Words | 3 Pages

Our nation’s highways are a critical circulatory system to our nation’s transit structure. Motorists on today’s highways are capable of reaching far locations without the hassle of navigating short routes through developed areas. High volumes of traffic, low speed restrictions as well as impractical routes of traveling off the national highway grid further emphasize its necessity to our country. The future of our nation’s growth depended on an efficient means of modern transportation, and the automotive industry was shaping up to be that answer. The benefits to the country proved boundless, furthermore the project put citizens across America to work.

Read More

Interstate Highway System Dbq Essay

910 Words | 4 Pages

In 2023 according to the Department of Transportation, it is projected that there will be 243.4 million licensed drivers in the United States and we are some of them.(Department of Transportation) Driving became more and more popular with the introduction of paved, organized and safer roadways. This prompted a boom in companies building cars, people buying cars and a roadway expansion. The Interstate Highway System changed America, as most would expect, it did so with both positive and negative outcomes. The Interstate Highway System was safer, faster, easier to use, connected the country, and boosted the economy.

Read More

Chevy Vs Ford Compare And Contrast

286 Words | 2 Pages

Americans love their cars. Two of the most popular vehicle companies in the United States are Chevy and Ford. People like to compare which one is better. The ford company is the oldest automotive company in the world.

Read More

Slaughterhouse Five Summary Chapter 5

1199 Words | 5 Pages

The novel Slaughterhouse-Five by Kurt Vonnegut explores the effects of war, specifically the Dresden Bombing. Kurt Vonnegut explains that he had experienced the Dresden Bombing personally and had gone through the harsh situations and conditions that he creates throughout the novel to represent the Dresden Bombing. The Dresden Bombing is one of the greatest man-caused massacres in history and had a huge effect on World War 2. Vonnegut creates the character Billy Pilgrim to explore the effects of war on physical and mental health. The novel is an authentic demonstration of the Dresden Bombing and its effects on American soldiers during the World War 2.

Read More

Assess The Impact Of One Transnational Corporation

636 Words | 3 Pages

Domestically, the company sells 774,000 vehicles on an annual

Read More

Holocaust Holidays

981 Words | 4 Pages

Tyler Delrow Ms. Dover English 201-3 9 March 2018 During the Holocaust, many Jews were relocated to concentration camps. Even under such horrible circumstances, their faith helped them survive. Part of the Jewish faith is centered on some key beliefs and holy days. The Jews celebrated their faith in many inventive ways, even when they didn’t know if they would survive the Holocaust.

Read More

The Pros And Cons Of The Automobile Industry

832 Words | 4 Pages

The United States has one of the largest automotive markets in the world, and is home to many global vehicle and auto parts manufactures. In 2016 year alone, vehicle production reached almost 17.5 million passenger vehicles. Automobile industry involves many industries in it. It includes original equipment, manufacture, and adverting industry as well as oil and natural gases industry. Main players of the Automobile industry are Toyota, General motors, Volkswagen, Honda, Ford and more.

Read More

Volkswagen Positioning Strategy

799 Words | 4 Pages

See the statistics below showing sales for VW in 2015 and 2016, the company has done well after changing their strategies. The statistic represents the number of Volkswagen vehicles sold in the United States in March 2015 and March 2016 sorted by segment. In March 2016, the German automaker sold some 119 vehicles under its Bentley brand. Volkswagen Group 's sales declined by around 3.7 percent in March 2016, compared with February 2015 In November 2010, Volkswagen for the first time made more cars than Toyota.

Read More

Porter's Five Forces Analysis Of Tesla

1002 Words | 5 Pages

US auto industry is full of auto manufacturing companies, BMW Group, Chrysler/Dodge/Jeep, Ford Motors, General Motors, Honda/Acura, Hyundai/Kia, Mazda, Nissan, Subaru are the main competitors in US Auto market. For 2012 as a whole, automakers sold approximately 14.5 million vehicles in the U.S. Market, a 13 percent increase from 2011 and the highest annual sales total since 2007 marking the third consecutive year of annual sales increases of at least 10 percent. As fuel prices remain high and there is greater concern for the environment, more energy efficient cars are increasing in demand.

Read More

Impact Of External Business Environment On Automobile Industry

1406 Words | 6 Pages

Political factors have huge influence on the profitability of the automobile industry. Political also include goods and services which the government wants to provide and goods

Read More

Competitive Analysis Of Toyota

763 Words | 4 Pages

The majority of these were Cars and a sizable minority in cases like General Motors (2.89 million or nearly a third of their vehicles) and Ford (2.67 million nearly half of their vehicles) were Light Commercial Vehicles (SUVs, pickup trucks, etc.). The luxury of being in the U.S. allows these two to tap in to the U.S. citizen’s taste for the LCV and exploit it to their advantage. The rest of the competition quickly slide in to the category of 2 million or more vehicles manufactured per year (Honda, Renault, Suzuki, BMW, Nissan, etc.). Here Fiat Chrysler Automobiles again demonstrates the manufacturers targeting the U.S. market for LCVs derive nearly half of their units produced from them (2.35 million units manufactured). Likewise, Toyota, Hyundai, Honda, Nissan and Suzuki all make the majority of their sales out of cars, not LCVs as their main markets are in Asia where the majority of customers do not care for SUVs or pick-up

Read More

More about Commercial Vehicle Industry In The Us

Related Topics

Open Document