North America Car Manufacturing Market Summary, Competitive Analysis and Forecast to 2029

Car Manufacturing in North America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– The car manufacturing market encompasses passenger cars, which are defined as motor vehicles equipped with at least four wheels, designed primarily for the transportation of passengers. These vehicles typically accommodate no more than eight seats, including the driver's seat. This market includes petrol, diesel, electric, and hybrid passenger cars. The market encompasses a broad spectrum of vehicle types, such as mini, small, medium, large, exclusive, and luxury cars, along with mini, compact, mid and full-size SUVs/crossovers. Additionally, it encompasses compact, small and large MPVs, as well as mini, compact, mid and full-size pickups. Sport coupe cars are also included within the scope. Light or heavy commercial vehicles e.g., vans or heavy goods vehicles (HGVs) are excluded from the market scope.

– The North American car manufacturing industry recorded revenues of $338.6 billion in 2024, representing a negative compound annual growth rate (CAGR) of 0.3% between 2019 and 2024.

– Industry production volumes declined with a negative CAGR of 1.1% between 2019 and 2024, reaching a total of 14,895.6 thousand units in 2024.

– The production volume of North American automakers saw a notable contraction of 1.6% in 2024, primarily due to labor disputes, particularly strikes led by the United Auto Workers (UAW) at major OEM facilities. These strikes led to multi-week shutdowns across assembly lines operated by Ford, General Motors, and Stellantis, disrupting supply chains and delaying model rollouts.

Scope

– Save time carrying out entry-level research by identifying the size, growth, and leading players in the car manufacturing market in North America

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car manufacturing market in North America

– Leading company profiles reveal details of key car manufacturing market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the North America car manufacturing market with five year forecasts by both value and volume

Reasons to buy

- What was the size of the North America car manufacturing market by value in 2024?

- What will be the size of the North America car manufacturing market in 2029?

- What factors are affecting the strength of competition in the North America car manufacturing market?

- How has the market performed over the last five years?

- Who are the top competitors in North America's car manufacturing market?

Companies mentioned

Ford Motor Co

Honda Motor Co Ltd

Toyota Motor Corp

General Motors Co

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Market volume

1.4. Market volume forecast

1.5. Category segmentation

1.6. Geography segmentation

1.7. Market share

1.8. Market rivalry

1.9. Competitive landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

3.2. Market volume

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

5.2. Market volume forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share

7.2. Who are the leading players?

7.3. What are the strategies followed by the leading players?

7.4. What are the recent developments in the industry?

8 Company Profiles

8.1. Ford Motor Co

8.2. Honda Motor Co Ltd

8.3. Toyota Motor Corp

8.4. General Motors Co

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: North America car manufacturing industry value: $ billion, 2019–24

Table 2: North America car manufacturing industry volume: thousand units, 2019–24

Table 3: North America car manufacturing industry category segmentation: % share, by volume, 2019–24

Table 4: North America car manufacturing industry category segmentation: thousand units, 2019-24

Table 5: North America car manufacturing industry geography segmentation: $ billion, 2024

Table 6: North America car manufacturing industry value forecast: $ billion, 2024–29

Table 7: North America car manufacturing industry volume forecast: thousand units, 2024–29

Table 8: North America car manufacturing industry share: % share, by volume, 2024

Table 9: Ford Motor Co: Key Facts

Table 10: Ford Motor Co: Annual Financial Ratios

Table 11: Ford Motor Co: Key Employees

Table 12: Ford Motor Co: Key Employees Continued

Table 13: Ford Motor Co: Key Employees Continued

Table 14: Ford Motor Co: Key Employees Continued

Table 15: Honda Motor Co Ltd: Key Facts

Table 16: Honda Motor Co Ltd: Annual Financial Ratios

Table 17: Honda Motor Co Ltd: Key Employees

Table 18: Toyota Motor Corp: Key Facts

Table 19: Toyota Motor Corp: Annual Financial Ratios

Table 20: Toyota Motor Corp: Key Employees

Table 21: Toyota Motor Corp: Key Employees Continued

Table 22: General Motors Co: Key Facts

Table 23: General Motors Co: Annual Financial Ratios

Table 24: General Motors Co: Key Employees

Table 25: General Motors Co: Key Employees Continued

Table 26: North America Exchange Rate, 2019–24

List of Figures

List of Figures

Figure 1: North America car manufacturing industry value: $ billion, 2019–24

Figure 2: North America car manufacturing industry volume: thousand units, 2019–24

Figure 3: North America car manufacturing industry category segmentation: thousand units, 2019-24

Figure 4: North America car manufacturing industry geography segmentation: % share, by value, 2024

Figure 5: North America car manufacturing industry value forecast: $ billion, 2024–29

Figure 6: North America car manufacturing industry volume forecast: thousand units, 2024–29

Figure 7: Forces driving competition in the car manufacturing industry in North America, 2024

Figure 8: Drivers of buyer power in the car manufacturing industry in North America, 2024

Figure 9: Drivers of supplier power in the car manufacturing industry in North America, 2024

Figure 10: Factors influencing the likelihood of new entrants in the car manufacturing industry in North America, 2024

Figure 11: Factors influencing the threat of substitutes in the car manufacturing industry in North America, 2024

Figure 12: Drivers of degree of rivalry in the car manufacturing industry in North America, 2024

Figure 13: North America car manufacturing industry share: % share, by volume, 2024

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