Light Duty Vehicle Market for North America

Light Duty Vehicle Market for North America production is driven by the U.S., which accounts for 67.5% of the total North America light duty vehicle production in terms of volume. Stringent emission regulations leading to light weighting/engine downsizing has also fueled the growth of light duty vehicles in the region. The light duty vehicle market for North America is projected to grow at a CAGR of 5.65% during the forecast period, to reach 24540.0 thousand units by 2021, from an estimated 18647.1 thousand units in 2016. The base year for the report is 2015 and the forecast year is 2021.

Various secondary sources, such as company annual reports/presentations, press releases, industry association publications, automotive magazine articles, encyclopedias, directories, technical handbooks, world economic outlook, trade websites, technical articles, and databases have been used to identify and collect information useful for an extensive study of the North American light duty vehicle market. The primary sources experts from related industries, automobile OEMs, and turbocharger manufacturer–have been interviewed to obtain and verify critical information, as well as to assess future prospects and market estimations. Bottom-up approach has been used for market estimation and calculating the North American light duty vehicle market size.

Key Players of Light Duty Vehicle Market for North America:

• General Motors (U.S.)
• Ford Motor Company (U.S.)
• Toyota Motor Corporation (Japan)
• Fiat Chrysler Automobiles (U.K.)

Target Audience

• Automotive OEMs
• Automotive engine manufacturers
• Automotive turbocharger manufacturers
• Automotive transmission manufacturers

Transmission Type

• Automatic transmission ( AT )
• Continuous variable transmission ( CVT )
• Manual transmission ( MT )

Light duty vehicles with 3.5 liter engines are estimated to be the largest market in North America

Engine capacity helps in determining engine output such as power, torque, and mileage. The 3.5-liter engine segment, which is used in SUVs, sports cars and high end luxury cars, holds the largest market share mainly due to preference for powerful vehicles in the region. The 1.5 to 1.8 liter engine segment gives moderate mileage in petrol vehicles and is generally used in mid-size cars and small wagons.

Increasing trend of gasoline turbocharged engine in North America

The North American light duty vehicle market is shifting toward the gasoline turbocharged engines. Gasoline turbocharged vehicles are more fuel efficient and powerful than non-turbocharged ones.

U.S. to be the largest market

By 2021, the U.S., being the largest manufacturer in this region, is projected to maintain its leading position in the light duty vehicle segment due to growing demand from nearby countries such as Mexico and Canada as well as in other regions. Infrastructure growth along with the increasing demand for light duty vehicles is also set to drive the domestic market for light duty vehicles.

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