Automotive Market Revenue, Trends, Growth, Technologies, CAGR Light Duty Vehicle Market for North America | Page 2

The North American market is inclined towards automatic transmission owing to customer’s preference
for automatic transmission systems and stringent emission norms. As a manual transmission’s fuel
efficiency depends on driver proficiency, the automatic transmission’s performance results in a better
fuel efficiency and lower emissions. Stringent fuel efficiency norms, namely the Corporate Average Fuel
Economy (CAFE) standards, have increased the demand for fuel efficient transmission systems like CVT.
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Light duty vehicles with 3.5 liter engines are estimated to be the largest market in North America
Engine capacity helps in determining engine output such as power, torque, and mileage. The 3.5-liter
engine segment, which is used in SUVs, sports cars and high end luxury cars, holds the largest market
share mainly due to preference for powerful vehicles in the region. The 1.5 to 1.8 liter engine segment
gives moderate mileage in petrol vehicles and is generally used in mid-size cars and small wagons.
Increasing trend of gasoline turbocharged engine in North America
The North American light duty vehicle market is shifting toward the gasoline turbocharged engines.
Gasoline turbocharged vehicles are more fuel efficient and powerful than non-turbocharged ones.
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U.S. to be the largest market
By 2021, the U.S., being the largest manufacturer in this region, is projected to maintain its leading
position in the light duty vehicle segment due to growing demand from nearby countries such as Mexico
and Canada as well as in other regions. Infrastructure growth along with the increasing demand for light
duty vehicles is also set to drive the domestic market for light duty vehicles.
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