Production of Small and Compact SUVs Shifts to Top Gear in North America, Finds Frost & Sullivan

Description

Production of Small and Compact SUVsProduction of Small and Compact SUVs Shifts to Top Gear in North America, Finds Frost & Sullivan PR Newswire MOUNTAIN VIEW, California, Jan. 14, 2014 -- Number of sports utility vehicle models to double by 2020 The global top 20 automotive original equipment manufacturers (OEMs) intend to reach nearly 38 models of small and compact sports utility vehicles (SUVs) in North America before the end of 2013, and more than 62 models by 2020. So far, the market is dominated by non-premium models, such as Honda CR-V, Ford Escape and Toyota RAV4, but this is expected to change as OEMs increasingly gravitate towards offering a more premium selection. New analysis from Frost & Sullivan (http://www.automotive.frost.com), Strategic Analysis of the North American Small and Compact Sports Utility Vehicle (SUV) Market, finds that market revenue is expected to grow by more than 14.7 percent from 2012 to 2020, while unit sales are likely to increase by 35.4 percent per annum during the same period. If you are interested in more information on this research, please send an e-mail to Jeannette Garcia, Corporate Communications, at [e-mail], with your full name, company name, job title, telephone number, company e-mail address, company website, city, state and country.

Informations

• Publié par: frost-sullivan
• Publié le: 14 janvier 2014
• Nombre de lectures: 5
• Langue: English

Extrait

Production of Small and Compact SUVs Shifts to Top Gear in North America, Finds Frost & Sullivan

PR Newswire

MOUNTAIN VIEW, California, Jan. 14, 2014

-- Number of sports utility vehicle models to double by 2020

The global top 20 automotive original equipment manufacturers (OEMs) intend to reach nearly 38 models of small and compact sports utility vehicles (SUVs) in North America before the end of 2013, and more than 62 models by 2020. So far, the market is dominated by non-premium models, such as Honda CR-V, Ford Escape and Toyota RAV4, but this is expected to change as OEMs increasingly gravitate towards offering a more premium selection.