The market is dominated by domestic suppliers, as imports account for 32.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 69.5% of total demand in 2023. The US has the largest market size for motor vehicles and parts across the top 20 developed countries, with demand reaching USD1.5 trillion in 2023. General Motors Co is the largest company in the US, generating 15.5% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 57.4% of total production value in 2023. The total number of companies increases in 2023, to 14,825 units. The costs of the industry increase by 7.8% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 9.9% of production value in 2023, the 11th highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 10.0% of total production output. With production value of USD753 billion, the US accounts for 93.1% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Motor Vehicles and Parts in the US: ISIC 34. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motor Vehicles and Parts in the US: ISIC 34 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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