Automotive North American Light Vehicle Growth Opportunities

LV Sales to Surpass 19 Million by 2025, with EVs Accounting for 12% Sales and more than 50 New EV Product Launches Scheduled Over the Next 5 Years

INDUSTRY
Automotive

RELEASE DATE
12-Jul-2022
REGION
North America
DELIVERABLE TYPE
Market Research

RESEARCH CODE
K7CD-01-00-00-00
SKU
AU02362-NA-MT_26698
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North American Light Vehicle Growth Opportunities
Published on: 12-Jul-2022 | SKU: AU02362-NA-MT_26698

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In 2021, North American light vehicle sales reached 16.8 million and is forecast to surpass 19 million by 2025 growing at a CAGR of 3.3%. While the economy and vehicle sales showed a positive trend in 2022, the Russo-Ukrainian war has affected the global automotive supply chain; component shortages exposed the fragility of the automotive supply chain. Chip shortage is expected to abate during the second half of 2022, helping automakers ramp up production to reduce backlogs and satisfy pent-up demand. The North American automotive market has been shifting away from sedans and hatchbacks and moved toward sport utility vehicles (SUVs) and pickups. This research service is a deep dive into regional sales figures, the key highlights of 2021, and the top trends that will drive the industry in 2022.

The study aims to provide an overview of the automotive industry in North America, key manufacturers, and the share of North America in the global automotive industry, and LV market trends. The study analyzes LV sales by segment and by automakers and throws light on electric vehicle market penetration, EV trends, and key upcoming EV models till 2025. The study also provides an overview of the key brands, demand for each brand, and demand for vehicles by body style. The report analyses future areas of growth and trends, including connected, autonomous, and shared mobility. Frost & Sullivan has also forecast demand and sales of leading brands in the United States and Canada.

By providing a comprehensive overview of the North American LV industry from multiple angles, this research service seeks to:
• Capture the current scenario of the global automotive market and the North American light vehicle automotive industry
• State of the EV market in North America
• Identify the key brands and automakers in North America
• Understand key market trends driving North America LV sales
• Analyze CASE-related strategies in North America
• Offer an overview of scheduled EV launches until 2025

From an automotive and transportation standpoint, this study provides an overview of the North American light vehicles industry and analyzes the demand for LVs from each brand and automaker.

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the North American LV Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Questions this Study will Answer

Growth Drivers

Growth Restraints

Key Takeaways

Global Annual LV Sales

Top Automotive Trends

ICE Penetration Rate

EV Penetration, US

LV Sales by Body Type, US

Projected Demand for LVs by Key Automaker, US

LV Sales by Brand, US

LV Sales by Brand, US (continued)

EV Penetration, Canada

LV Sales By Body Type, Canada

Projected Demand for LVs by Key Automaker, Canada

LV Sales by Brand, Canada

LV Sales by Brand, Canada (continued)

Shared Mobility Segment Attractiveness and Key Operators, NA

Autonomous Mobility Inching Toward Commercialization in the US

Key Vehicle Connectivity and Autonomy Trends, US

Upcoming EV Models, NA, 2022–2025

Growth Opportunity 1—Strategic and Technology Partnerships

Growth Opportunity 1—Strategic and Technology Partnerships (continued)

Growth Opportunity 2—Low Barriers to Entry in the Electric LV Space

Growth Opportunity 2—Low Barriers to Entry in the Electric LV Space (continued)

Growth Opportunity 3—Higher SUV Interest

Growth Opportunity 3—Higher SUV Interest (continued)

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

List of Figures
  • LV: Growth Drivers, NA, 2022–2025
  • LV: Growth Restraints, NA, 2022–2025
  • Annual Light Vehicle Sales, Global, 2015–2025F
  • Global Automotive Trends, 2022–2025
  • Penetration Rate of BEV and PHEV, US, 2015–2025F
  • LV Sales Breakdown by Vehicle Segment, US, 2015–2025F
  • LV Sales of Top Five Automakers, US, 2015–2025F
  • GM Group USA, US, 2015, 2020, 2025F
  • Toyota Group, US, 2015, 2020, 2025F
  • Ford Group, US, 2015, 2020, 2025F
  • Honda Group, US, 2015, 2020, 2025F
  • Stellantis, US, 2015
  • Stellantis, US, 2020
  • Stellantis, US, 2025F
  • Penetration Rate of BEV and PHEV, Canada 2015–2025F
  • LV Sales Breakdown by Vehicle Segment, Canada, 2015–2025F
  • LV Sales of Top Five Automakers, Canada, 2015–2025F
  • Ford Group, Canada, 2015, 2020, 2025F
  • GM Group, Canada, 2015, 2020, 2025F
  • Toyota Group, Canada, 2015, 2020, 2025F
  • Hyundai Group, Canada, 2015, 2020, 2025F
  • Stellantis, Canada, 2015
  • Stellantis, Canada, 2020
  • Stellantis, Canada, 2025F
  • Shared Mobility Attractiveness, NA, 2021

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In 2021, North American light vehicle sales reached 16.8 million and is forecast to surpass 19 million by 2025 growing at a CAGR of 3.3%. While the economy and vehicle sales showed a positive trend in 2022, the Russo-Ukrainian war has affected the global automotive supply chain; component shortages exposed the fragility of the automotive supply chain. Chip shortage is expected to abate during the second half of 2022, helping automakers ramp up production to reduce backlogs and satisfy pent-up demand. The North American automotive market has been shifting away from sedans and hatchbacks and moved toward sport utility vehicles (SUVs) and pickups. This research service is a deep dive into regional sales figures, the key highlights of 2021, and the top trends that will drive the industry in 2022. The study aims to provide an overview of the automotive industry in North America, key manufacturers, and the share of North America in the global automotive industry, and LV market trends. The study analyzes LV sales by segment and by automakers and throws light on electric vehicle market penetration, EV trends, and key upcoming EV models till 2025. The study also provides an overview of the key brands, demand for each brand, and demand for vehicles by body style. The report analyses future areas of growth and trends, including connected, autonomous, and shared mobility. Frost & Sullivan has also forecast demand and sales of leading brands in the United States and Canada. By providing a comprehensive overview of the North American LV industry from multiple angles, this research service seeks to: • Capture the current scenario of the global automotive market and the North American light vehicle automotive industry • State of the EV market in North America • Identify the key brands and automakers in North America • Understand key market trends driving North America LV sales • Analyze CASE-related strategies in North America • Offer an overview of scheduled EV launches until 2025 From an automotive and transportation standpoint, this study provides an overview of the North American light vehicles industry and analyzes the demand for LVs from each brand and automaker.
More Information
Deliverable Type Market Research
Author Ming Lih Chan
Industries Automotive
No Index No
Is Prebook No
List of Charts and Figures LV: Growth Drivers, NA, 2022–2025~ LV: Growth Restraints, NA, 2022–2025~ Annual Light Vehicle Sales, Global, 2015–2025F~ Global Automotive Trends, 2022–2025~ Penetration Rate of BEV and PHEV, US, 2015–2025F~ LV Sales Breakdown by Vehicle Segment, US, 2015–2025F~ LV Sales of Top Five Automakers, US, 2015–2025F~ GM Group USA, US, 2015, 2020, 2025F~ Toyota Group, US, 2015, 2020, 2025F~ Ford Group, US, 2015, 2020, 2025F~ Honda Group, US, 2015, 2020, 2025F~ Stellantis, US, 2015~ Stellantis, US, 2020~ Stellantis, US, 2025F~ Penetration Rate of BEV and PHEV, Canada 2015–2025F~ LV Sales Breakdown by Vehicle Segment, Canada, 2015–2025F~ LV Sales of Top Five Automakers, Canada, 2015–2025F~ Ford Group, Canada, 2015, 2020, 2025F~ GM Group, Canada, 2015, 2020, 2025F~ Toyota Group, Canada, 2015, 2020, 2025F~ Hyundai Group, Canada, 2015, 2020, 2025F~ Stellantis, Canada, 2015~ Stellantis, Canada, 2020~ Stellantis, Canada, 2025F~ Shared Mobility Attractiveness, NA, 2021~
Podcast No
WIP Number K7CD-01-00-00-00

North American Light Vehicle Growth Opportunities

$2,450.00

Special Price $1,837.50 save 25 %

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SKU
AU02362-NA-MT_26698