Demand Of Light Truck In North America

Contents Introduction3 Market Definition3 assiduity execution:3 diligence indicate:3 Key factors for Demand of miniature Trucks:4 Regulation and taxation4 Changes in Market Conditions5 i) Fuel Price:5 ii) Economic fadeout:6 External Factors6 Conclusion:7 APPENDIX 18 Appendix 29 Bibliography10 Introduction office of this report is to estimate demand of swinginghearted trucks in magnetic north the States in 2015.This report entrust besides discuss factors that will affect the demand. Market Definition The light trucks mart includes all light commercial vehicles (LCVs) and light buses and coaches (LBCs) weighing up to ten metre pounds. This report includes pick-ups and vans, but excludes sports utility and similar vehicles. topic covers North American modify. United States leads the North American light trucks commercialise segment, accounting for 84.1% of the regional securities industrys note quantify. Canada contributes 10.5% of the regional markets value. Industry feat: Light truck perseverance gained market share from 1970 to 2004, with crude(a) revenue peaking in 2004. After that, industry had witnessed constant stock from 2005 to 2009, US light trucks market value shrank from 244.4 one thousand million in 2006 to 139.3 billion in 2009.

The compound one-year prise of change of the market in the period 2005-2009 was -9.3%. cost increase gas prices and recession were primary(prenominal) contributors in unprecedented decline of the industry. Light truck industry enjoyed a significant rebound in 2010 and 2011. The United States light trucks m arket grew by 18.7% in 2010 to devolve a v! alue of $165.3 billion. Canadian light trucks market grew by 17.1% in 2010 to reach a value of $10.8 billion. (Appendix 1) Industry Forecast: For US, the writ of execution of the market is forecast to accelerate, with an anticipated compound one-year growth rate (CAGR) of 8.6% for the five-year period 2010 - 2015, which is expected to drive the market to a value of $250.2 billion by the end of 2015.For Canada, the performance of the...If you want to corroborate a full essay, order it on our website: OrderCustomPaper.com

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