Growing Vehicle Population and Aging Fleet Trends
The article explores the rapid growth and aging of vehicles, highlighting market size, vehicle types, manufacturer dominance, and the implications for urban congestion and infrastructure. It underscores the trend of increasing vehicle ages and the need for enhanced maintenance services to accommodate the expanding fleet.
Growing Vehicle Fleet and Aging Age Profile
Urban congestion is escalating due to a diverse range of vehicles on the roads, including heavy-duty trucks, compact cars, buses, and vans. These vehicles serve various purposes, from family transportation to commercial use. The country's vehicle market ranks second globally, just behind China, with over 300 million vehicles registered. Notably, the average age of vehicles has risen over the past five decades, reaching approximately 10.8 years. Leading manufacturers like Ford, GM, and Chrysler dominate the market. Vehicle growth outpaces the number of licensed drivers, highlighting increasing road congestion and aging vehicles that lack corresponding improvements in maintenance services. Future projections indicate a continued rise in vehicle numbers and aging fleet, emphasizing the importance of updated infrastructure and support services.
