In 2023, the market for Light Duty Vehicles with Long Wheel Base in the US was at 60.634 million units. The forecasted data from 2024 to 2028 shows a steady growth in volume, increasing from 61.429 million units in 2024 to 64.568 million units in 2028. Analyzing the year-on-year percentage variation, there is a consistent growth trend with a Compound Annual Growth Rate (CAGR) over the five years estimated at 1.67%.
Future trends to watch for include the impact of emerging technologies such as electric powertrains and autonomous driving capabilities. Also, evolving consumer preferences towards spacious vehicles and tightening government emission regulations could significantly influence this market segment's growth trajectory.
