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U.S. Light Truck And Utility Vehicle Market. Analysis And Forecast to 2025
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U.S.: Overview of the Market for Light Truck And Utility Vehicles 2020

Market Size for Light Truck And Utility Vehicles in the U.S.

For the seventh year in a row, the U.S. market for light truck and utility vehicles recorded growth in sales value, which increased by X% to $X in 2019. Overall, the total consumption indicated a resilient expansion from 2013 to 2019: its value increased at an average annual rate of +X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Light truck and utility vehicle consumption peaked in 2019 and is likely to see steady growth in the near future.

Production of Light Truck And Utility Vehicles in the U.S.

In value terms, light truck and utility vehicle production expanded sharply to $X in 2019. Over the period under review, the total production indicated buoyant growth from 2013 to 2019: its value increased at an average annual rate of +X% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2013 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level in 2019 and is expected to retain growth in the near future.

Exports of Light Truck And Utility Vehicles

Exports from the U.S.

In 2019, light truck and utility vehicle exports from the U.S. amounted to X units, rising by X% on the year before. The total export volume increased at an average annual rate of +X% from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, light truck and utility vehicle exports skyrocketed to $X in 2019. The total export value increased at an average annual rate of +X% from 2013 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units) was the main destination for light truck and utility vehicle exports from the U.S., with a X% share of total exports. Moreover, light truck and utility vehicle exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold.

From 2013 to 2019, the average annual growth rate of volume to Canada totaled +X%.

In value terms, Canada ($X) remains the key foreign market for light truck and utility vehicle exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports.

From 2013 to 2019, the average annual growth rate of value to Canada amounted to +X%.

Export Prices by Country

In 2019, the average export price for light truck and utility vehicles amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2013; afterwards, it flattened through to 2019.

Average prices varied somewhat for the major overseas markets. In 2019, the country with the highest price was Canada ($X per unit), while the average price for exports to Mexico totaled $X per unit.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Mexico.

Imports of Light Truck And Utility Vehicles

Imports into the U.S.

In 2019, the amount of light truck and utility vehicles imported into the U.S. rose sharply to X units, surging by X% on 2018 figures. Overall, total imports indicated a buoyant expansion from 2013 to 2019: its volume increased at an average annual rate of +X% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2019 and are likely to continue growth in years to come.

In value terms, light truck and utility vehicle imports surged to $X in 2019. Over the period under review, total imports indicated a prominent expansion from 2013 to 2019: its value increased at an average annual rate of +X% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, Mexico (X units) constituted the largest supplier of light truck and utility vehicle to the U.S., with a X% share of total imports. Moreover, light truck and utility vehicle imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X units), tenfold.

From 2013 to 2019, the average annual rate of growth in terms of volume from Mexico stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Spain (+X% per year).

In value terms, Mexico ($X) constituted the largest supplier of light truck and utility vehicle to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2013 to 2019, the average annual growth rate of value from Mexico totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Spain (+X% per year).

Import Prices by Country

The average import price for light truck and utility vehicles stood at $X per unit in 2019, increasing by X% against the previous year. Over the period from 2013 to 2019, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Mexico ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of light truck and utility vehicles to the U.S.?
+
In value terms, Mexico ($22.4B) constituted the largest supplier of light truck and utility vehicle to the U.S., comprising 89% of total imports. The second position in the ranking was occupied by Canada ($2.2B), with a 8.8% share of total imports.
What are the leading importers of light truck and utility vehicles from the U.S.?
+
In value terms, Canada ($10.5B) remains the key foreign market for light truck and utility vehicle exports from the U.S., comprising 85% of total exports. The second position in the ranking was occupied by Mexico ($539M), with a 4.4% share of total exports.
What is the average export price for light truck and utility vehicles in the U.S.?
+
The average export price for light truck and utility vehicles stood at $27,966 per unit in 2019, growing by 2.2% against the previous year.
What is the average import price for light truck and utility vehicles in the U.S.?
+
The average import price for light truck and utility vehicles stood at $25,669 per unit in 2019, surging by 8.1% against the previous year.

Product coverage:
• NAICS 336112 - Light truck and utility vehicle manufacturing

This report provides an in-depth analysis of the market for light truck and utility vehicle in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Companies mentioned:
• Braun Industries
• Wheeled Coach Industries
• Halcore Group
• P. L. Custom Body and Equipment Co.
• Matthews Specialty Vehicles
• Excellance
• Braun Northwest
• Medix Specialty Vehicles
• Allied Specialty Vehicles
• Frazer
• La Boit Specialty Vehicles
• Precision Fire Apparatus
• Enoven Industries
• Emergency Vehicle Supply Company
• Bridgers Coaches
• Royal Coach Builders
• First Priority Emergency Vehicles
• Medtec Ambulance Corporation
• Phoenix Fire Systems
• BNS Holding
• First Response
• Eastgate Travel Plaza
• National Emergency Vehicles
• Miller Coach Company
• League County Board of Commissioners

Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2013–2019
Table 3:
Market Value, 2013–2019
Table 4:
Per Capita Consumption In 2013–2019
Table 5:
Imports, In Physical Terms, By Country, 2013–2019
Table 6:
Imports, In Value Terms, By Country, 2013–2019
Table 7:
Import Prices, By Country Of Origin, 2013–2019
Table 8:
Exports, In Physical Terms, By Country, 2013–2019
Table 9:
Exports, In Value Terms, By Country, 2013–2019
Table 10:
Export Prices, By Country Of Destination, 2013–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2019
Figure 2:
Market Value, 2013–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2019
Figure 5:
Trade Balance, In Physical Terms, 2013–2019
Figure 6:
Trade Balance, In Value Terms, 2013–2019
Figure 7:
Per Capita Consumption, 2013–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2019
Figure 21:
Production, In Value Terms, 2013–2019
Figure 22:
Imports, In Physical Terms, 2013–2019
Figure 23:
Imports, In Value Terms, 2013–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2013–2019
Figure 26:
Imports, In Value Terms, By Country, 2013–2019
Figure 27:
Import Prices, By Country Of Origin, 2013–2019
Figure 28:
Exports, In Physical Terms, 2013–2019
Figure 29:
Exports, In Value Terms, 2013–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2013–2019
Figure 32:
Exports, In Value Terms, By Country, 2013–2019
Figure 33:
Export Prices, By Country Of Destination, 2013–2019

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